$1,115,000
●
House -
For Sale
505 Myrna Lane
Wake Forest, NC 27587
4 Beds
3 Baths,
1
Half Bath
3,547 Ft²
$6,288
Est. Monthly
$110
HOA / Fees
About This Property
Stunning 4bed 3 1/2 bath custom home in Wake Forest on a .38 acre
lot overlooking hardwood trees. Extended millwork throughout
the home. Formal dinning room includes beams on ceiling and a
beautiful chandelier. Wine fridge and coffee bar at arms
length between dinning and kitchen. First floor master suite with
double sink, separate shower and soak tub. Main closet has
extensive built-ins and space. Gourmet chef's kitchen offers
gleaming granite countertops, custom cabinetry and sit in island.
Screened in porch with fireplace, fan and stunning views of
hardwood trees. Elegant family room has built ins offers two story
brick fireplace and tv. This home offers an open floor plan perfect
for entertaining. Second floor offers 3 beds and 2full baths, space
for storage, and a huge bonus room with a wet bar and wine fridge.
The 3 car garage offers ample storage and the backyard
invites outdoor living with a stone patio.
Unit Size
3,547 Ft²
Days on Market
20 days
Land Size
0.38 acres
Price per sqft
$314
Property Type
House
Property Taxes
$702
HOA Dues
$110
Year Built
2018
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 20 days ago (TMLS #10197699)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 9, 2026 | Listed by LPT Realty, LLC | $1,115,000 | |
| Listed by LPT Realty, LLC | |||
| May 28, 2021 | Sold | ||
| Sold | |||
| Mar 15, 2021 | Listed by LPT Realty, LLC | $750,000 | |
| Listed by LPT Realty, LLC | |||
| Apr 1, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2018 | Listed by LPT Realty, LLC | $600,000 | |
| Listed by LPT Realty, LLC | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Concrete, Driveway, Garage, Garage Door Opener, Garage Faces Side
Garage Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Beamed Ceilings, Bookcases, Ceiling Fan(s), Crown Molding, Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Natural Woodwork, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Storage, Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Wired for Sound, Dining L, Separate Shower, Smooth Ceilings
Appliances: Built-In Gas Oven, Dishwasher, Electric Water Heater, Gas Cooktop, Wine Refrigerator
Flooring Type: Carpet, Ceramic Tile, Laminate
Door Features: French Doors
Laundry Features: Electric Dryer Hookup, Laundry Room, Lower Level
Rooms: 4
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 2
Exterior Details
Square Footage: 3547
Architectural Style: Transitional
Year Built: 2019
Building Area Total: 3547
Levels: Two
Window Features: Blinds, Double Pane Windows, Drapes, Skylight(s), Window Coverings
Construction Materials: Fiber Cement, Radiant Barrier, Shake Siding, Stone
Patio and Porch Features: Covered, Porch, Rear Porch, Screened
Lot Features: Landscaped, Hardwood Trees
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Lot Size Square Feet: 16553
Water Source: Public
Financial Details
Tax Map Number: 114
Tax Assessed Value: $863,569
Tax Annual Amount: $8,428
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Forced Air, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA/Condo/Coop Amenities: Clubhouse, Fitness Center, Playground, Pool, Trail(s)
HOA Fee: $110
HOA Fee Frequency: Monthly
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Wake
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Listed by: Brenda Hinojo, LPT Realty, LLC
Last Updated: 20 days ago
Data Source: TMLS, MLS# 10197699
Last Updated: 20 days ago
Data Source: TMLS, MLS# 10197699
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
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