5607 Lambshire Drive
About This Property
The home features 11 foot ceilings, four bedrooms, four full baths, and three half baths, with expansive living areas designed for both everyday comfort and effortless entertaining. A traditional yet open floor plan provides gracious scale throughout, while two bonus rooms offer flexibility for recreation, work, fitness, or creative pursuits.
The property's outdoor setting is truly special. The 4.3 acre grounds unfold like a private garden estate, complete with raised garden beds, fruit trees including fig, apple, and pear, blueberry bushes, and a flourishing blackberry bramble-creating a rare opportunity to enjoy seasonal harvests right at home. A large, heated pool with fountains and sun shelf anchors the outdoor living space, and a covered veranda with dining and sitting area create the perfect setting for summer gatherings or quiet afternoons surrounded by nature.
Additional features include a conditioned, three-car garage and dedicated workshop space, ideal for hobbies, storage, or projects. There is a potting shed, two-raised garden beds, and an additional out-building.
Tucked within one of North Raleigh's most established and sought-after areas, the property offers a sense of retreat while remaining convenient to Raleigh's shopping, dining, and everyday amenities. Montessori School of Raleigh and Shelley Lake are 5 miles away.
5607 Lambshire Drive presents a rare opportunity to enjoy estate-style living with space to grow, gather, and cultivate both indoors and out.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2026 | Sold | ||
| Sold | |||
| Mar 29, 2026 | In contract | - | |
| In contract | |||
| Mar 25, 2026 | Price Decreased |
$2,900,000
↓ $200K
(6.5%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by Hodge & Kittrell Sotheby's Int | $3,100,000 | |
| Listed by Hodge & Kittrell Sotheby's Int | |||
| Apr 4, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017