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About this home
To be built on a rare, flat two acre homesite in Raleigh, this proposed luxury home offers approximately 4,534 square feet with 5 bedrooms, 6 baths, a 3 car garage and exceptional indoor and outdoor living. The main level features soaring ceilings, a dedicated home office, open living and dining spaces and a gourmet kitchen with an oversized island, generous cabinetry, walk in pantry and butler's pantry. Expansive doors open to an extended screened porch with an outdoor fireplace. The first floor owner's suite includes a luxurious bath with soaking tub, walk in shower, dual vanities and generous walk in closet, while a separate main floor guest suite provides added privacy and flexibility. Upstairs, three additional bedrooms are joined by a spacious game room with wet bar, dedicated media room and second floor covered porch. The flat two acre setting offers incredible possibilities for a pool, gardens, outdoor entertaining and plenty of open space. Enjoy the privacy and flexibility of acreage while remaining close to Downtown Raleigh and Downtown Cary, Fenton, Waverly Place, shopping, dining, RDU, RTP and major roadways connecting you throughout the Triangle. To be built by Drees Custom Homes. Photos are of a previously completed home featuring the same approximately 4,534 square foot floor plan and are intended to illustrate the proposed design, layout and potential finishes. Final plans, features, selections, specifications, pricing and square footage are subject to change.
Single-familyProperty Type
1920Year Built
2 acresLot Size
$364Price/Sq.Ft.
3 garage spacesParking
Listed by Cynthia Quarantello Realty Group - Brokered by Real Broker, LLC Quarantello• Real Broker LLC
Rare, flat two acre homesite in an exceptional Raleigh location. Bring your own builder and create the home you have envisioned, or explore the separate residential listing mls 10192727 featuring a proposed luxury home, floor plan and design for this remarkable property. With city water and sewer available, no HOA and beautiful mature hardwoods, the property offers incredible flexibility and space to create a private retreat, including room for a pool and expansive outdoor living. Enjoy the rare combination of acreage and accessibility, with Downtown Raleigh and Downtown Cary nearby, along with Fenton, Waverly Place, Trader Joe's, Whole Foods, RDU International Airport, Research Triangle Park and major roadways connecting you throughout the Triangle. An increasingly hard to find opportunity to build a custom home on two usable acres while staying close to everything Raleigh and Cary have to offer.
TMLS #10129482
Dec 2, 2025
Sold
$470,000
$104/sq ft
Oct 28, 2025
Pending
—
Oct 24, 2025
Listed
$550,000
$122/sq ft
+29
Discover a rare opportunity in one of Raleigh's most desirable areas. This charming 1920 farmhouse sits on two acres of beautiful, usable land surrounded by mature trees and open space, just minutes from NC State, Lake Johnson, Cary, and downtown Raleigh. With no HOA, the possibilities are endless. Steeped in historic character and southern charm, the home offers original details that tell a story of simpler times while inviting you to dream of what could be. Renovate and restore this classic home to its original beauty, or design and build your dream home from the ground up on this stunning lot. The combination of history, location, and acreage creates an unmatched opportunity to live close to everything while enjoying the privacy and tranquility of a rural setting. Whether you're a developer, investor, or simply ready to build your forever home, 5033 Theys Road is a rare find, an opportunity to own a piece of Raleigh history with the freedom to create your future exactly as you imagine it.
Year
Property tax
Land + Additions
Assessment*
2025
$2,345 (+3.0%)
$204,000 + $159,466
$363,466
2024
$2,277 (+30.8%)
$204,000 + $159,466
$363,466
2023
$1,740 (+7.9%)
$204,000 + $159,466
$363,466
2022
$1,614 (+2.7%)
$149,000 + $71,650
$220,650
2021
$1,571 (+1.7%)
$149,000 + $71,650
$220,650
2020
$1,545 (+3.0%)
$149,000 + $71,650
$220,650
2019
$1,499 (+8.7%)
$149,000 + $71,650
$220,650
2018
$1,379 (+5.5%)
$140,000 + $41,139
$181,139
2017
$1,308 (+2.1%)
$140,000 + $41,139
$181,139
2016
$1,281 (−10.1%)
$140,000 + $41,139
$181,139
2015
$1,425 (+5.5%)
$140,000 + $41,139
$181,139
2014
$1,351 (+7.0%)
$140,000 + $62,352
$202,352
2013
$1,262
$140,000 + $62,352
$202,352
2012
$1,262
$140,000 + $62,352
$202,352
2011
$1,262
$140,000 + $62,352
$202,352
Public record
Public record
Zoning
Permits
Beds
—
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
2 Acres
Year renovated
1960
Finished Sq. Ft.
1,624
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,624
Year built
1920
Style
Single Family Residential
County
Wake County
APN
0781.03 14 8851 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
R-40W
Residential-40 Watershed District
The R-40W zoning districts are known as residential watershed districts. These districts allow very-low-density residential development in the form of single-family detached dwellings and duplexes. A limited number of nonresidential uses are also allowed, but generally only if the Board of Adjustment first reviews and approves a site plan and Special Use Permit for such use.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Mobile home park
Park & open space
Jul 19, 2019 • Final
Residential or farm trade permit. electrical, mechanical or plumbing
Gas
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 105° expected this year, 17 days in 30 years
6/10 Wind Factor
52% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Raleigh, NC • 27606
Average low and high temperatures (°F)
49
31
55
37
70
47
77
56
79
61
90
70
92
74
83
69
81
65
72
54
66
47
54
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
8.9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5033 Theys Rd
$1,641,636
$5,636 over list price of $1.64M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $925K to $1.3M.