Property details
About 517 Buck Jones Rd
Prime Development Opportunity with Immediate Cash Flow in Raleigh, NC This exceptional 3186 sq. ft. property features a fully renovated Midcentury home, currently operating as a successful short-term rental, generating steady cash flow while your development project progresses. The site has ASR approval for a 64-unit multifamily apartment development, with the flexibility to convert to a 54-unit townhome community with minor modifications to the approved ASR. Strategic Location: Situated in a Frequent Transit Area, this property supports higher density and offers significant growth potential in Raleigh's booming market. Market Insights: Townhomes in the area are selling for $589K per unit, highlighting strong demand and the high value of this site. Affordable Housing Component: The project requires 20% of units (beyond the first 12) to meet affordability criteria, aligning with the growing demand for attainable housing while enhancing community impact and project appeal. Inclusions: The sale includes Lot 5323 Barclay Dr., Raleigh, NC. This is a rare opportunity to capitalize on Raleigh's thriving market, delivering a high-impact project in a prime location with unmatched accessibility to major hubs, all while benefiting from immediate rental income from the renovated Midcentury home
Highlights
Summary
- View: Trees/Woods
- List Price: $2,380,890
- Annual Tax Amount: $10,924
- Tax Year: 2024
- Lot: City Lot
- Directions: From Crossroads area, turn right onto Buck Jones. Pass 1st roundabout and continue straight. Property is on the right opposite all Saints Orthodox Church. Driveway is immediately past the black mailbox. Down Slope Driveway
- Lot Size: 4.84 Acres
- MLS Number: 10097033
- MLS Name: Doorify MLS
- Office Name: NorthGroup Real Estate, Inc.
- Office Phone: (704) 412-2804
- Office Email: info@northgroupre.com
- Listing Agent: Charles Santos
Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. 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.
Properties subject to prior sale, change, withdrawal or rental. 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/18/2025, 12:50:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,380,890
517 Buck Jones Rd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 14, 2022 | Home Sold | $1,500,000 |
| Sep 02, 2021 | Home Sold | $347,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,255,579 | $10,924 |
| 2023 | $405,063 | $4,435 |
| 2022 | $357,889 | $3,643 |
| 2021 | $357,889 | $3,502 |
| 2020 | $357,889 | $3,438 |
| 2019 | $292,044 | $3,210 |
| 2018 | $292,044 | $3,058 |
History based on county public records data.
Nearby schools
3
Dillard Drive Elementary School
Public District PK-5
1.7 mi
•5018 Dillard Dr
6
Combs Magnet Elementary School
Public Magnet PK-5
1.7 mi
•2001 Lorimer Rd
6
Adams Elementary School
Public District PK-5
1.7 mi
•805 Cary Towne Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,239. Typical income of Raleigh, NC residents is between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Express/Express For Men
Forever 21
Banana Republic
Where do the neighbors go to eat?
Starbucks
Dominos Pizza
Sonic
What do the neighbors drive?
Pontiac
Mazda
Infiniti
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits- Alternative
Frequently asked questions
About 517 Buck Jones Rd
The listing price of 517 Buck Jones Rd property is $2,380,890.
The property 517 Buck Jones Rd is land located in Raleigh, North Carolina, 27606.
Active Listing: 517 Buck Jones Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 517 Buck Jones Rd are: Dillard Drive Elementary School (GreatSchools Rating 3/10), Combs Magnet Elementary School (GreatSchools Rating 6/10), Adams Elementary School (GreatSchools Rating 6/10), Connections Academy (GreatSchools Rating 1/10), Mount Vernon (GreatSchools Rating 3/10), Dillard Drive Magnet Middle School (GreatSchools Rating 3/10), Athens Drive Magnet High School (GreatSchools Rating 8/10), Score Academy (GreatSchools Rating 1/10), Crossroads Flex (GreatSchools Rating 10/10).
According to the records, the last property tax for 2024 is $10,924 (source: MLS/based on county public records data).
The last sale was on October 14, 2022 for $1,500,000 (source: MLS/tax record).
The property 517 Buck Jones Rd is 4.84 acres.
This home is located at 517 Buck Jones Rd in Raleigh, NC and zip code 27606 in the Roylene Acres neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 17, 2025 and is currently priced at $2,380,890.
While more than 113 listings in Raleigh, NC in May 2025 were sold above asking price, there were more than 122 listings sold at asking price, and more than 309 were sold below. The inventory of homes for sale in Raleigh, NC between April and May 2025 increased by 8%. The median list price of listings available in May 2025 was $458,464, while the average time on the real estate market was 35 days.