Welcome to 712 Malbay Lane! An exceptional opportunity in the heart of North Raleigh offering the perfect balance of location, breathtaking updates, and everyday comfort. Situated in a well-established neighborhood known for its convenience and charm, this home provides easy access to everything while still enjoying a peaceful, low-traffic setting. Inside, you'll find a thoughtfully modernized interior with updated flooring, including tile and carpet replacements completed in 2019. Major system updates provide added confidence, including a newer roof (2024) and a gas water heater (2026), and updated HVAC system (2025). The open layout and vaulted ceilings offer comfortable living spaces designed for both relaxing-by a gorgeous fireplace, and entertaining-in the kitchen with plenty of counter space and seats for gathering with friends and family. Downstairs, enjoy a movie room and 4th bedroom with ensuite bath, as well as a flex space for crafting, an office, or additional storage. Step outside to the backyard, with a deck, screen porch, and wired outbuilding-perfect for a yoga retreat, separate office space, or whatever flexibility you may need. The location truly stands out, just minutes from shopping, dining, and everyday conveniences. Enjoy close proximity to North Hills, Lafayette Village, and a variety of popular restaurants and boutiques. Outdoor and recreational options are nearby with parks and greenways, and the YMCA is just around the corner. Commuting is seamless with quick access to major roads including Falls of Neuse and I-540. This home offers the rare combination of a connected, active neighborhood feel with the ability to enjoy quiet surroundings on an expansive 2+ acres, making it a standout option in one of Raleigh's most desirable areas.
For sale
$899,900
712 Malbay Ln, Raleigh, NC 27615
4beds
3,961sqft
Est.:
Single Family Residence, Residential
Built in 1984
2.1 Acres Lot
$948,800 Zestimate®
$227/sqft
$8/mo HOA
What's special
Gorgeous fireplaceWired outbuildingVaulted ceilingsThoughtfully modernized interiorMovie roomScreen porchOpen layout
- 17 hours |
- 1,144 |
- 48 |
Zillow last checked: 7 hours ago
Listing updated: 21 hours ago
Listed by:
Matt Perry 919-789-1635,
Keller Williams Elite Realty,
Alyson Gulassa 919-995-6180,
Keller Williams Elite Realty
Source: Doorify MLS,MLS#: 10156012
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump
Cooling
- Ceiling Fan(s), Central Air, Heat Pump
Appliances
- Included: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer, Water Heater
- Laundry: Inside, Laundry Room, Main Level
Features
- Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Master Downstairs, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Carpet, Hardwood, Tile
- Windows: Bay Window(s)
- Basement: Finished
- Number of fireplaces: 1
Interior area
- Total structure area: 3,961
- Total interior livable area: 3,961 sqft
- Finished area above ground: 2,637
- Finished area below ground: 1,324
Property
Parking
- Total spaces: 4
- Parking features: Attached, Driveway, Garage, Garage Faces Side, Inside Entrance
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch, Porch, Screened
- Has view: Yes
Lot
- Size: 2.1 Acres
- Features: Cul-De-Sac, Hardwood Trees, Open Lot
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: 079802782162000 0131225
- Zoning: R-40W
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Cedar, Fiber Cement
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Septic Connected, Water Connected
Community & HOA
Community
- Subdivision: Shannon Woods
HOA
- Has HOA: Yes
- Services included: Insurance
- HOA fee: $100 annually
Location
- Region: Raleigh
Financial & listing details
- Price per square foot: $227/sqft
- Tax assessed value: $676,494
- Annual tax amount: $4,346
- Date on market: 3/27/2026
Estimated market value
$948,800
$863,000 - $1.05M
$4,599/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/27/2026 | Listed for sale | $899,900+30.4%$227/sqft |
Source:  Doorify MLS #10156012 Report a problem | ||
| 3/13/2024 | Sold | $690,000+2.2%$174/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 2/2/2024 | Pending sale | $675,000$170/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 2/2/2024 | Listed for sale | $675,000-3.6%$170/sqft |
Source: Doorify MLS #10009016 Report a problem | ||
| 8/1/2022 | Listing removed | -- |
Source: Doorify MLS #2443175 Report a problem | ||
| 7/7/2022 | Price change | $699,900-2.8%$177/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 6/29/2022 | Price change | $720,000-4%$182/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 5/25/2022 | Price change | $750,000-4.5%$189/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 5/18/2022 | Listed for sale | $785,000+234%$198/sqft |
Source: Doorify MLS #2443175 Report a problem | ||
| 4/5/1999 | Sold | $235,000$59/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,347 +3% | $676,494 |
| 2024 | $4,221 +29.5% | $676,494 +62.9% |
| 2023 | $3,258 +7.9% | $415,344 |
| 2022 | $3,020 +2.8% | $415,344 |
| 2021 | $2,939 +1.7% | $415,344 |
| 2020 | $2,890 -5.4% | $415,344 +11.8% |
| 2019 | $3,054 | $371,518 |
| 2018 | $3,054 +14.8% | $371,518 |
| 2017 | $2,662 +2.1% | $371,518 |
| 2016 | $2,608 -9.6% | $371,518 -9.9% |
| 2015 | $2,885 | $412,485 +6.4% |
| 2014 | -- | $387,743 |
| 2013 | -- | $387,743 |
| 2012 | -- | $387,743 |
| 2011 | -- | $387,743 |
| 2010 | -- | $387,743 |
| 2009 | -- | $387,743 |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
| 2001 | -- | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,975/mo
Principal & interest
$4457
Property taxes
$510
HOA Fees
$8
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Climate risks
Neighborhood: 27615
Nearby schools
GreatSchools rating
- 4/10Baileywick Road ElementaryGrades: PK-5Distance: 0.5 mi
- 8/10West Millbrook MiddleGrades: 6-8Distance: 2.8 mi
- 6/10Sanderson HighGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Wake - Baileywick
- Middle: Wake - West Millbrook
- High: Wake - Sanderson
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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