505 Peach Rd is a vacant land on a 2.7 acre lot. - it last sold on August 14, 2019 for $264,000. Based on Redfin's Raleigh data, we estimate the home's value is $442,680.
Vacant landProperty Type
2.7 acresLot Size
$163,956Price/Acres
Source:Public Records
Redfin Estimate
$442,680
$179K since sold in August 2019$228K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 0.5% lower than the average sale price ($445K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
RX-3
TOD
Residential Mixed Use District-3 Stories
RX is a mixed residential district intended to provide for a variety of residential building types and housing options at density in excess of 10 du per acre.; RX can serve as a land use transition between other mixed use districts and residential neighborhoods.; RX allows limited retail and services subject to use standards that limit the size and scale to the ground floor corner unit of an apartment building.
Zone overlays
Transit Overlay District
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Lodging & hospitality
Public service-Other
Recreation-Other
Park & open space
Jul 28, 2025 • Final
Commercial plumbing sub
Demolish existing buildings and the site. Grade the site and install site utilities, curb gutters, and parking lots. Construct apartment buildings and a leasing office.
Demolition
Grading
New construction
Jul 28, 2025 • Final
Non-residential demolition
Demolish an existing building and perform site demolition on the property. Grade the site, install site utilities, curb gutters, and parking lots. Construct four apartment buildings and a leasing office for a total of 119 new apartments.
Demolition
Grading
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.
Property details
Interior
Heating & Cooling
Heating Fuel Type: Gas
Exterior
Property Information
Subdivision Name: WEST PARKLAND
Legal Description: LOTS 5-9 INC PARKLAND WEST
Lot Information
# of Buildings: 1
Land Sq. Ft: 117,612
Legal Lot Number: 5
Municipality Name: RALEIGH
Acres: 2.7
Zoning Code: RX-3
County Use Description: VACANT
Financial
Assessor Information
Assessment Year: 2023
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 2.7 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Wake County
APN: 1702.14 34 5843 000
Home facts updated by county records on Jan 8, 2024
Around this home
Schools
Salem Elementary
Public PreK-5 • Assigned • 11.2mi
9/10
Salem Middle
Public 6-8 • Assigned • 11.1mi
10/10
Athens Drive High
Public 9-12 • Assigned • 3.9mi
8/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Raleigh, NC • 27603
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 9 hours in
June and 5.1 hours in December, which is comparable to the
U.S. average for solar exposure.
9 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$421,000 – $510,000
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