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$644,900
● House - For Sale

724 1/2 Powell Drive

Raleigh, NC 27606
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,792 Ft²
Upcoming Open House
2PM - 4PM, Sun, Nov 1 -
Book now
$3,560
Est. Monthly
$373
HOA / Fees

About This Property

Final Opportunities at Cottages at Powell Park! West Raleigh, reimagined. This brand-new home at Cottages at Powell Park pairs low-maintenance living with a design sensibility that feels both fresh and enduring:  three bedrooms, three full baths, and a detached two-car garage, all working together with quiet efficiency. Inside, the open-concept plan does the heavy lifting: living, dining, and kitchen spaces flow into one another, unbroken and light-filled. A main-level guest suite adds real flexibility - a private retreat for visitors, a home office, or a multigenerational solution that doesn't feel like a compromise. The kitchen anchors it all. A generous island, stone counters, and stainless appliances make it as functional for a Tuesday morning as it is for hosting. Upstairs, the primary suite offers a genuine sense of retreat, while a second bedroom and full bath keep the arrangement easy for family or guests. A covered porch extends the living space outdoors, framing a private homesite. The detached two-car garage isn't just practical - it lends the kind of architectural character that defines the neighborhood. Cottages at Powell Park is a boutique enclave in one of Raleigh's best-connected corners of town - minutes to Downtown Raleigh, RTP, RDU, I-440, and I-40, with Fenton, North Hills, Umstead Park, and Lenovo Center all close at hand. New construction. A rare address. Very few homesites remain.
Unit Size
1,792 Ft²
Days on Market
110 days
Land Size
0.10 acres
Price per sqft
$360
Property Type
House
Property Taxes
$20
HOA Dues
$373
Year Built
1963

Listed By

Frank DeRonja
DeRonja Real Estate
John Butler
DeRonja Real Estate

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Last updated: 2 days ago (TMLS #10179592)

Price History

Date / Event Date Event Price
Aug 11, 2026 Sold
Sold
Jul 11, 2026 Listed by Corcoran DeRonja Real Estate $644,900
Listed by Corcoran DeRonja Real Estate
Jun 28, 2026 In contract -
In contract
May 26, 2026 Listed by Corcoran DeRonja Real Estate $634,900
Listed by Corcoran DeRonja Real Estate
Ideally positioned in West Raleigh, this brand-new home at Cottages at Powell Park offers a fresh take on low-maintenance living with thoughtfully designed spaces and timeless modern style. Featuring 3 bedrooms, 3 full baths, and a detached two-car garage, the home balances comfort, flexibility, and everyday functionality. Inside, the open-concept design creates an airy and inviting atmosphere with generous living spaces that connect effortlessly. A main-level guest suite adds versatility, ideal for visitors, a private office, or multigenerational living. The kitchen serves as the centerpiece of the home, complete with a large island, stone countertops, and stainless steel appliances, designed for everything from casual mornings to entertaining with ease. Upstairs, the spacious primary suite provides a relaxing retreat, while an additional bedroom and full bath offer comfortable accommodations for family or guests. Outdoor living continues with a covered porch overlooking a private homesite, while the detached two-car garage adds both convenience and classic neighborhood character. Cottages at Powell Park is a boutique community tucked into one of Raleigh's most connected locations, just minutes from Downtown Raleigh, RTP, RDU Airport, I-440, and I-40. Fenton, North Hills, Umstead Park, Lenovo Center, and some of the Triangle's best shopping, dining, and entertainment are all nearby. A rare opportunity to enjoy brand-new construction and modern convenience in the heart of West Raleigh.

Property Highlights

Garage
Air Conditioning
Parking Details
Has Garage
Has Open Parking
Parking Features: Detached, Garage
Garage Spaces: 2
Open Parking Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Stone Counters, Walk-In Shower
Appliances: Gas Range
Flooring Type: Carpet, Simulated Wood, Tile
Laundry Features: Laundry Closet, Upper Level
Rooms: 7
Exterior Details
Square Footage: 1792
Property Condition: New Construction
Architectural Style: Cottage
Year Built: 2026
Building Name: Redeeming Development Group LLC
Building Area Total: 1792
Levels: Two
Construction Materials: Brick, Cement Siding
Patio and Porch Features: Rear Porch
Lot Size Area: 0.1
Lot Size Units: Acres
Lot Size Acres: 0.1
Lot Size Square Feet: 4356
Water Source: Public
Financial Details
Tax Annual Amount: $234
Utilities Details
Cooling Type: Central Air, Electric
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Storm Water Maintenance
HOA Fee: $350
HOA Fee Frequency: Quarterly
Condo/Coop Fee: $280
Condo/Coop Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1970
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 2
  • Building Style: 15
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 1,548
  • Building Area: 1,548
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SUNSET TERRACE
  • Land Acres: 0000001040
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO260-261 SUNSET TERR BL10 BM1935-00001

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 052407

Zoning

  • Zoning: R-6

Geography

  • Account Number: 0012798
  • District: 01
  • Parcel: 0783.07-59-0264 0012798
  • Municipality: RALEIGH
  • Latitude: 35.7808
  • Longitude: -78.7134

    Address

  • Full Address: 724 Powell Dr
  • Address - House Number: 724
  • Address - Street Name: Powell
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Raleigh
  • Carrier Code: C008
  • 4-Digit Zip Code: 1626
  • Zip Code: 27606

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $338,372

    Appraisal Valuation

  • Standard Deviation: 0.128
  • Valuation Date: Apr 19, 2023
  • Confidence Score: 85
  • Final Value: 474,782
  • High Value: 535,594
  • Low Value: 413,970

    Market Valuation

  • Market Total Value: $332,219
  • Market Land Value: $168,750
  • Market Improvement Value: $163,469

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $332,219
  • Assessed Land Value: $168,750
  • Assessed Improvements Value: $163,469
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southwest Raleigh


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Frequently Asked Questions

When was property at 724 Powell Drive built and last sold?
The property at 724 Powell Drive was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 724 Powell Drive is $638,205.
What are some comparable homes to 724 Powell Drive?
There are currently no comparable homes to 724 Powell Drive.