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$379,900

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,139 Sq. Ft.
  • 0.43 Acres
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🏡 Investor Alert: Turnkey Opportunity with Reliable Tenancy Through 2026! This updated 3-bedroom, 2-bath ranch in the heart of Holly Springs offers immediate income potential with a tenant in place through June 30, 2026. Featuring durable hardwood flooring throughout and a modern kitchen equipped with soft-close cabinetry, granite countertops, and a tile backsplash, this property is designed for long-term value and minimal upkeep. Both bathrooms have been stylishly renovated with tile flooring, recessed lighting, and glass shower doors-appealing upgrades that enhance tenant satisfaction and retention. The spacious back deck and fully fenced, landscaped yard back directly to Bass Lake Trail, offering a unique lifestyle amenity that adds to the property's rental appeal. Located minutes from Holly Springs' thriving retail, dining, and recreational hubs, this home combines strong location fundamentals with turnkey condition. Whether you're expanding your portfolio or seeking a stable, income-producing asset, this property checks all the boxes.

Full Property Details for 408 Teal Lake Dr

General

  • Price: $379,900
  • HOA FEE: $41/month
  • HOA FEE FREQ.: Quarterly
  • Taxes: $2,908
  • Status: Active
  • Type: Single Family
  • Source: 2218
  • MLS ID: 10116254
  • Updated: 8/21/2025
  • Added to Site: 156 day(s) ago

Rental Information

  • Lease/Rent Term: 12 Months

Interior

  • Number of Rooms: 8
  • Interior Features: Master Downstairs
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Appliances: Dishwasher, Range, Refrigerator
  • Flooring: Hardwood, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Additional Information

  • Shared Amenities: Clubhouse, Tennis Court(s), Trail(s)
  • Spa Description: None

Exterior

  • Porch/Patio/Deck: Deck

Parking

  • Parking Features: Driveway

Location

  • County: Wake
  • Subdivision: Somerset Farm
  • Driving Directions: From N Main St in Fuquay Varina turn left onto Wake Chapel Rd, turn left onto NC 55 Broad St. Turn right onto Teal Lake Drive.
  • City Limits: Yes

School Information

  • Elementary School: Wake - Herbert Akins Road
  • Middle School: Wake - Holly Grove
  • High School: Wake - Holly Springs

Community

  • Association: Yes
  • Assoc. Fees Include: None

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Architectural Style: Ranch
  • Structure Type: House
  • Exterior Const.: HardiPlank Type
  • Basement: Yes
  • Basement Desc.: Crawl Space
  • Roof: Shingle
  • Stories/Levels: 1
  • Building Size: 1139
  • Square Feet: 1,139
  • Sq. Ft. Source: Other
  • Finished Above Grnd: 1,139 Sq. Ft.
  • Year Built: 1997

Additional Structures

  • Other Structures: Shed(s)

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Size (Sq. Ft.): 18,730.8
  • Fence: Yes
  • Lot Features: Back Yard, Landscaped, Level
  • Zoning: SR
  • Fencing (Description): Back Yard, Privacy

Financial Considerations

  • Association Fee: $122
  • Assoc Fee Freq.: Quarterly
  • Tax Amount: $2,908.01

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 658266518
  • Lot Number: 76

Listed by eXp Realty, LLC - C, Karen Dupree Williams (919) 809-0241

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Listing agent

— 408 Teal Lake Dr —

  • Karen Dupree Williams

    eXp Realty, LLC - C

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 408 Teal Lake Dr

School District:Wake County Schools
NameGradesDistance
Herbert Akins Rd Elementary
2275 Herbert Akins Road, Fuquay-Varina, NC 27526
PK-51.5 mi
Fuquay-Varina High
201 Bengal Boulevard, Fuquay-Varina, NC 27526
9-123 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 408 Teal Lake Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/15/2025
Listed
$379,900
8.54%
MLS
12/02/2022
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 408 Teal Lake Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,533
—
$336,991
—
2024
$2,522
16%
$336,991
69%
2023
$2,169
4%
$199,281
—
2022
$2,095
2%
$199,281
—
2021
$2,056
—
$199,281
—
2020
$2,056
13%
$199,281
33%
2019
$1,827
11%
$150,154
—
2018
$1,652
4%
$150,154
—
2017
$1,593
1%
$150,154
—
2016
$1,571
2%
$150,154
4%
2015
$1,538
3%
$144,676
—
2014
$1,486
5%
$144,676
—
2013
$1,422
—
$144,676
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 408 Teal Lake Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by eXp Realty, LLC - C, Karen Dupree Williams (919) 809-0241

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408 Teal Lake Drive, Holly Springs, NC 27540 (MLS# 10116254) is a Single Family property with 3 bedrooms and 2 full bathrooms. 408 Teal Lake Drive is currently listed for $379,900 and was received on August 15, 2025. Want to learn more about 408 Teal Lake Drive? Do you have questions about finding other Single Family real estate for sale in Holly Springs? You can browse all Holly Springs real estate or contact a Coldwell Banker agent to request more information.

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