Here is your chance to build on over a half acre of paradise minutes from downtown Raleigh & even closer to Cary & ultra convenient to Lake Johnson park with walking trails & pool. Mature oaks line the front & it is located perfectly out of the way of busy roads but with convenient access to the Beltline, Tryon, and Jones Dairy. The opportunity you've been waiting for to dream, develop and build a custom home in a quiet subdivision moments from every amenity the heart desires.
Vacant landProperty Type
0.58 acresLot Size
$352,117Price/Acres
Listed by Marshall Rich• Rich Realty Group
Listed by Ryan Sabatini• Rich Realty Group
Bought with Jennifer Romero• Keller Williams Realty
Here is your chance to build on over a half acre of paradise minutes from downtown Raleigh & even closer to Cary & ultra convenient to Lake Johnson park with walking trails & pool. Mature oaks line the front & it is located perfectly out of the way of busy roads but with convenient access to the Beltline, Tryon, and Jones Dairy. The opportunity you've been waiting for to dream, develop and build a custom home in a quiet subdivision moments from every amenity the heart desires.
TMLS #2192025
Feb 13, 2019
Listing Removed
—
May 16, 2018
Listed
$485,000
TMLS #2136021
May 16, 2018
Listing Removed
—
Jun 23, 2017
Listed
$485,000
TMLS #1644225
May 20, 2009
Sold
$132,000
May 13, 2009
Listing Removed
—
Jan 26, 2009
Listed
$139,900
Public Records
Dec 22, 1994
Sold
$75,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,023 (+3.0%)
$160,000
2024
$994 (+69.9%)
$160,000
2023
$585 (+8.0%)
$160,000
2022
$542 (+2.8%)
$75,000
2021
$527 (+1.7%)
$75,000
2020
$518 (−9.3%)
$75,000
2019
$572 (+8.8%)
$75,000
2018
$525 (−59.0%)
$70,000
2017
$1,280 (+2.1%)
$70,000
2016
$1,254 (+5.0%)
$70,000 + $107,220
$177,220
2015
$1,194 (+5.5%)
$70,000 + $107,220
$177,220
2014
$1,132 (+7.0%)
$68,000 + $101,087
$169,087
2013
$1,058
$68,000 + $101,087
$169,087
2012
$1,058
$68,000 + $101,087
$169,087
2011
$1,058
$68,000 + $101,087
$169,087
Tax history for 5410 Olive Rd
Year
Property tax
Land + Additions
Assessment*
2025
$1,023 (+3.0%)
$160,000
2024
$994 (+69.9%)
$160,000
2023
$585 (+8.0%)
$160,000
2022
$542 (+2.8%)
$75,000
2021
$527 (+1.7%)
$75,000
2020
$518 (−9.3%)
$75,000
2019
$572 (+8.8%)
$75,000
2018
$525 (−59.0%)
$70,000
2017
$1,280 (+2.1%)
$70,000
2016
$1,254 (+5.0%)
$70,000 + $107,220
$177,220
2015
$1,194 (+5.5%)
$70,000 + $107,220
$177,220
2014
$1,132 (+7.0%)
$68,000 + $101,087
$169,087
2013
$1,058
$68,000 + $101,087
$169,087
2012
$1,058
$68,000 + $101,087
$169,087
2011
$1,058
$68,000 + $101,087
$169,087
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.58 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Wake County
APN
0782.06 37 0788 000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 10, 2026.
May 22, 2028 • Active
Permit for residential wastewater (septic)
Apply for a septic permit for a residential development. This includes permitting a new wastewater system to connect to an existing wastewater system.
Plumbing
Dec 22, 2026 • Active
New single family dwelling/duplex/triplex/quadruplex/adu
Construct a new single-family home on a monolithic slab foundation with a fireplace in the family room.
New construction
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
Exterior
Land Information
Current Use: Vacant
Vegetation: Brush
Lot Information
Lot Size Acres: 0.58
Lot Size Area: 0.58
Lot Size Square Feet: 25264.8
Lot Size Units: Acres
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Utilities: Cable Available, Electricity Available
Water Source: Well
Location
School Information
Elementary School: Wake - Dillard
Middle Or Junior School: Wake - Dillard
High School: Wake - Cary
Location Information
County Or Parish: Wake
Directions: From Tryon Rd. turn on Olive Rd. - property will be on the left.
Latitude: 35.749355
Longitude: -78.719854
Postal Code: 27606
Road Surface Type: Paved
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.58 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Wake County
APN: 0782.06 37 0788 000
Home facts updated by county records on Aug 10, 2026