8601 O'Neal Road
About This Property
Inside, the residence offers 4 bedrooms, 4.5 baths, a main-level guest suite, and a versatile flex room that may serve as a fifth bedroom. A spacious bonus room and walk-up attic-ready for future customization-add both function and possibility. The entry foyer opens to a handsome office with coffered ceilings and an elegant dining room, establishing a sense of sophistication from the start.
The chef's kitchen is a showcase of form and function, featuring a gas cooktop framed by an arabesque backsplash, wall and convection ovens, a generous center island, butler's pantry, walk-in pantry, and premium refrigerator. A thoughtfully designed drop zone with custom storage and built-in charging completes this highly functional wing of the home.
Open-concept living continues in the expansive family room, accented with custom built-ins, a gas fireplace, and double sliders that extend the living space to a screened porch with tranquil lake views. Hardwood floors, tall wainscoting, and plantation shutters enhance the sense of refinement throughout the main level.
Upstairs, the light-filled primary suite evokes the ambiance of a private retreat with a spa-inspired bath, including a soaking tub overlooking the water, an oversized walk-in shower, and a large dressing closet. Three additional bedrooms, each with direct bath access, plus a generous laundry room, complete the second level.
Outdoors, the property unfolds into a private sanctuary. Multiple firepit areas invite evening gatherings, while sweeping lake views and the natural landscape create a setting of rare beauty.
This residence offers the ideal blend of craftsmanship, comfort, and a coveted waterfront lifestyle in one of Northwest Raleigh's most distinguished communities.
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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 |
|---|---|---|---|
| Oct 23, 2025 | Sold | ||
| Sold | |||
| Sep 25, 2025 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Compass -- Raleigh | $1,100,000 | |
| Listed by Compass -- Raleigh | |||
| Oct 8, 2018 | Sold | ||
| Sold | |||
| Dec 5, 2017 | Listed by Coldwell Banker HPW | $780,000 | |
| Listed by Coldwell Banker HPW | |||
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Beautiful Wooded Lot Over an Acre in N. Raleigh! Leesville Schools! LiveGreen Energy Efficient Home! Hardwoods in Main Living Areas! Designer Lghtng & Hrdwre! Kit: 42" Cstm Cabinets w/SftClose Doors & Drwrs, Granite Ctops, Tile Bcksplsh, Lg CntrIslnd w/BrkfastBar & Accent Lights, Frigidaire SS Appliances, WI Pantry! Mstr Suite: BR w/Trey Ceilg, Bath w/Tile Flr, Cstm Cabs, Granite Ctop, Garden Tub, Sep Tile Srrnd Shower! FamRm:
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017