OFF MARKET

Off market nov 2024 for $1.3M

$1,319,165

Land

•

11.07

acres (lot)

0 Penny Rd, Raleigh, NC 27606

About this home

Vacant landProperty Type

11.07 acresLot Size

$119,166Price/Acres

Listed by Doug Jacobs • Coldwell Banker Advantage

Bought with Davis Holt • Compass -- Cary

Redfin checked: 2 minutes ago

•Source:TMLS #2527002

Redfin Estimate

$1,319,165

$61K since sold in November 2024$214K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 0% higher than the average sale price ($1.32M) of 6 comparable homes.

SOLD JUN 22, 2026
$1,320,000
A
4 beds3.5 baths4,265 sq ft
6005 Heatherstone Dr, Raleigh, NC 27606
SOLD JUL 20, 2026
$999,900
B
5 beds4.5 baths3,816 sq ft
7829 Penny Rd, Raleigh, NC 27606
SOLD JUN 17, 2026
$2,330,000
C
3 beds3.5 baths4,556 sq ft
6205 View Water Dr, Raleigh, NC 27606
SOLD SEP 8, 2026
$640,000
D
3 beds2.5 baths2,363 sq ft
3505 Creekwood Bluffs Ct, Apex, NC 27539
SOLD SEP 8, 2026
2922 Bells Pointe Ct, Apex, NC 27539
$1,400,000
E
3 beds4.5 baths4,456 sq ft
2922 Bells Pointe Ct, Apex, NC 27539
SOLD AUG 17, 2026
$1,225,000
F
4 beds2.5 baths4,418 sq ft
3405 Clay Hall Ct, Raleigh, NC 27606

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Earn from this home

Sell

$174,360

Est. take-home

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Market trends in 27606, NC

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.0%

0.4% MoM

Median sale price

$471K

$6K MoM

Avg. days on market

35d

1 days MoM

Recently sold homes

128

9 MoM

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See all

Provided by Redfin

Sale history for 0 Penny Rd

Date

Event

Price

TMLS #2527002

Nov 14, 2024

Sold

$1,380,000

Nov 28, 2023

Pending

—

Sep 11, 2023

Contingent

—

Aug 15, 2023

Listed

$1,350,000

TMLS #2484050

Nov 14, 2024

Sold

$1,380,000

Nov 28, 2023

Pending

—

Sep 11, 2023

Contingent

—

Jul 10, 2023

Price Changed

$2,300,000

Jun 2, 2023

Price Changed

$2,400,000

Nov 17, 2022

Listed

$2,500,000

+21

Rare Acreage Available In SW Wake County. 3 Parcels Totaling 19.09 acres consisting of a 11.07 acre undeveloped tract with Mature Oaks and Other Hardwoods, a 4.08 acre tract with an existing older Ranch style Home and a 3.94 acre tract with an existing Ranch style Home and an Approx. 1.5 acre Pond. The property is Ideally Located and is a Great Candidate for Large/Estate Lot Development or Use as an Executive Estate in Keeping with Surrounding Development. Zoning is R-40W with Wake County. See MLS #2527002 for Just 11.07 Acres Separately

Tax history for 0 Penny Rd

*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
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

10.54 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Vacant Land

County

Wake County

APN

0770.02 89 1950 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

Property details

Exterior

Land Information
Current Use: Vacant
Horse: Yes
Vegetation: Wooded

Lot Information
Lot Size Acres: 11.07
Lot Size Area: 11.07
Lot Size Square Feet: 482209.2
Lot Size Units: Acres

Financial

Financial Information
Buyer Financing: Other

Utilities

Utility Information
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available
Water Source: Need Well

Location

School Information
Elementary School: Wake - Swift Creek
Middle Or Junior School: Wake - Dillard
High School: Wake - Athens Dr

Location Information
County Or Parish: Wake
Directions: Follow Penny Rd East from Intersection with Lake Wheeler. After Crossing the Lake, the Property is on the Right. Use 7901 Penny Rd for GPS. Property is located across Penny Rd. Look for sign, can't miss it.
Latitude: 35.700863
Longitude: -78.736965
Postal Code: 27606
Road Surface Type: Paved

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 10.54 acres
Style: Vacant Land
Year Built: —
Year Renovated: —
County: Wake County
APN: 0770.02 89 1950 000

Home facts updated by county records on Aug 10, 2026

Other

Listing Date Information
Contract Status Change Date: 2024-11-14
Documents Change Timestamp: 2024-06-14T21:46:00Z
Photos Change Timestamp: 2023-09-23T13:18:43Z

Around this home

Schools

Swift Creek Elementary

Public K-5 • Assigned • 3.1mi

8/10

Dillard Drive Middle

Public 6-8 • Assigned • 3.6mi

7/10

Athens Drive High

Public 9-12 • Assigned • 4.9mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 104° 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)

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

Estimated sale price

$1.25M – $1.52M

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Home values near 0 Penny Rd

Data from public records.

Address	Redfin Estimate
7800 Penny Road, Raleigh, NC 3 Beds \| 2 Baths \| 1174 Sq. Ft.	$369,106
7700 Penny Road, Raleigh, NC - Beds \| 3 Baths \| 2418 Sq. Ft.	$659,265

Address	Redfin Estimate
7829 Penny Road, Raleigh, NC 5 Beds \| 4.5 Baths \| 3816 Sq. Ft.	$973,970
7620 Penny Road, Raleigh, NC 3 Beds \| 2 Baths \| 1456 Sq. Ft.	$444,429

Address	Redfin Estimate
8012 Penny Road, Raleigh, NC - Beds \| 1 Baths \| 1184 Sq. Ft.	$439,222
8016 Penny Road Unit Nc, Raleigh, NC 5 Beds \| 4 Baths \| 3610 Sq. Ft.	$1,307,894

Property information provided by TMLS when last listed in 2023. This data may not match . Learn more.

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