Investment Highlights: - 35.57± Acres in highly desirable Wake County, North Carolina - Private 0.80± Acre Lake (Gresham's Lake) offering beautiful water views and recreational opportunities - Approximately 270± Feet of Road Frontage - Development potential with 2-acre minimum lot zoning - Approximately 16± Acres of Mature Timber, providing privacy, wildlife habitat, and natural beauty - Gently rolling topography with elevations ranging from 288 to 324 feet - No FEMA 100-year or 500-year floodplain - Wetlands limited primarily to the lake and natural stream corridors - Existing residence conveys as-is - Excellent opportunity for a private estate, equestrian property, family compound, event venue, or future development - Approximately 25 minutes to Downtown Raleigh - Approximately 35 minutes to Raleigh-Durham International Airport (RDU) - Rare opportunity to own a substantial acreage tract in one of North Carolina's fastest-growing counties This exceptional property offers a lifestyle rarely available in today's market. Peaceful country living with convenient access to world-class employment, healthcare, dining, and entertainment. Properties of this caliber are becoming increasingly difficult to acquire in Wake County. Whether your goal is to create a private family estate, establish an equestrian property, host unforgettable events overlooking the water, or secure a long-term investment in one of the Southeast's strongest real estate markets, this is a legacy property with limitless possibilities. Some properties are purchased for today. Others are acquired for the generations that follow. This is one of those rare places. Whether preserved as a private family estate, developed into an equestrian retreat, or thoughtfully transformed into something entirely your own, this property offers far more than acreage, it offers the opportunity to create something lasting.
ManufacturedProperty Type
1991Year Built
35.57 acresLot Size
$1,019Price/Sq.Ft.
Listed by Andrew Walters• Mossy Oak Properties Land and
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
Jan 27, 2023 • Final
Residential hvac or water heater replacement
HVAC
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
3/10 Fire Factor
0.15% chance of being 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
66% chance of strong winds in next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Zebulon, NC • 27597
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 8341 Riley Hill Rd
$1,014,290
$86K under list price of $1.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $176K to $625K.