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Lot/land
    • $12,000,000

    3151 New Bern Ave, Raleigh, NC 27610

    --beds
    --baths
    4.89Acres
    Unimproved Land, Land
    Built in ----
    4.89 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.
    793 days
    |
    185
    |
    5
    |

    Zillow last checked: 8 hours ago

    Listing updated: October 28, 2025 at 12:34pm

    Listed by:

    J.W. Shearin 919-819-1481,

    Coldwell Banker HPW

    Source: Doorify MLS,MLS#: 2538929MLS Logo

    Facts & features

    Property

    Features
    • Has view: Yes
    Lot
    • Size: 4.89 Acres
    • Dimensions: 247 x 650 x 1400 x 271 x 635 x 912
    • Features: Sloped
    Details
    • Parcel number: 1724221587
    • Zoning: CX12
    • Special conditions: Seller Licensed Real Estate Professional

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available

    Community & HOA

    Community
    • Subdivision: Not in a Subdivision
    HOA
    • Has HOA: No
    Location
    • Region: Raleigh

    Financial & listing details

    • Tax assessed value: $2,753,436
    • Annual tax amount: $24,012
    • Date on market: 10/25/2023
    • Road surface type: Asphalt

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,093/mo

    Price history

    Price history
    DateEventPrice
    10/25/2023Listed for sale$12,000,000
    Source: Doorify MLS #2538929 Report a problem
    9/21/2023Listing removed--
    Source: Doorify MLS #2417511 Report a problem
    9/22/2022Listed for sale$12,000,000+20%
    Source: Doorify MLS #2417511 Report a problem
    6/1/2022Contingent$10,000,000
    Source: Doorify MLS #2417511 Report a problem
    12/5/2021Listed for sale$10,000,000+1609.4%
    Source: Doorify MLS #2417511 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$24,013 +0.4%$2,753,436
    2024$23,914 +85.9%$2,753,436 +133.3%
    2023$12,862 +7.7%$1,180,044

    Find assessor info on the county website

    BuyAbility℠ payment

    Estimated monthly payment
    All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
    HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
    Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
    See how much you could borrow to make a competitive offer.

    Boost your down payment with 6% savings match

    Earn up to a 6% match & get a competitive APY with a *. Zillow has partnered with to help get you home faster.

    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: East Raleigh

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wake County Schools
    • Middle: Wake County Schools
    • High: Wake County Schools

    Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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