Date
Details
Price
Change
Source
3/10/2026
Listed
$6,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Prime multifamily development opportunity in one of Raleigh's most active growth corridors. 8.30 acres with 437.5± LF of road frontage on Lake Wheeler Road, zoned R-10 with an Apartment land use designation. By-right density supports approximately 83 units; rezoning potential to 150-200 units for qualified developers. City of Raleigh gravity sewer confirmed at property boundary. No wetlands, no hydric soils -- Cecil sandy loam dominant, well-drained and highly buildable throughout. Two existing structures (c. 1927) on-site; demolition required. Situated in the rapidly developing Lake Wheeler Road/Dorothea Dix Park corridor with $21.8M in City-funded road improvements underway, The Weld (675-unit luxury high-rise) under construction nearby, and Allora Pines (224-unit Class A community, 2024) immediately adjacent. Approximately 4 miles to Downtown Raleigh, 4 miles to NC State University, and 20 minutes to Research Triangle Park. Offering Memorandum available upon request. Do not disturb occupants.
Full Property Details
Full Property Details for 2521 Lake Wheeler Rd
General
- Price: $6,000,000
- Taxes: $18,301
- Status: Active
- Type: Lots/Land
- Source: 2218
- MLS ID: 10151560
- Updated: 3/10/2026
- Added to Site: 2 day(s) ago
Additional Information
- Shared Amenities: None
Location
- County: Wake
- Subdivision: Not in a Subdivision
- Driving Directions: From Downtown Raleigh, take South Saunders Street south -- road becomes Lake Wheeler Road. Property on right at 2501, just past Bristlecone Trail. GPS: 35.7454° N, 78.6751° W.'' Do not disturb occupants -- appointment required for all showings. Contact Ken Stancil at (919) 422-1093.
- City Limits: Yes
School Information
- Elementary School: Wake - Yates Mill
- Middle School: Wake - Dillard
- High School: Wake - Athens Dr
Community
- Assoc. Fees Include: None
Utilities
- Sewer: Public Sewer, Septic Tank
- Water: Public, None
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- Current Bldg. Use: Single Family
Lot Features
- Property View: None
- Lot Size (Acres): 8.3
- Lot Size (Sq. Ft.): 361,548
- Lot Dimensions: 444.12' x 339.25 x 820.26' x 110.30' x 119.37'
- Frontage: State Road
- Street/Road Desc.: Asphalt, Paved
- Fence: Yes
- Lot Features: Cleared, Wooded
- Best Use: Development, Investment, Mixed Use, Residential, Singl
- Zoning: R-10
- Fencing (Description): None
Financial Considerations
- Price Per Acre: $722,891.57
- Tax Amount: $18,301.23
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 792663596
Listed by Performance Property Partners LLC, Ken Stancil (919) 422-1093 and Performance Property Partners LLC, Lisa Johnson (919) 625-1676
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 2521 Lake Wheeler Rd —
Ken Stancil
Performance Property Partners LLC
Lisa Johnson
Performance Property Partners LLC
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 2521 Lake Wheeler Rd
School District:Wake County Schools
| Name | Grades | Distance |
|---|---|---|
Yates Mill Elementary 5993 Yates Mill Pond Road, Raleigh, NC 27606 | PK-5 | 3.1 mi |
Dillard Drive Middle 5200 Dillard Drive, Raleigh, NC 27606 | 6-8 | 2.8 mi |
Athens Drive High 1420 Athens Drive, Raleigh, NC 27606 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2521 Lake Wheeler Rd
Estimate the Cost
Estimate the Cost for 2521 Lake Wheeler Rd
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- Single Family
- Active
- Updated 2 hours ago
- 3Beds
- 3Total Baths
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2521 Lake Wheeler Road, Raleigh, NC 27603 (MLS# 10151560) is a Lots/Land property with a lot size of 8.3 acres. 2521 Lake Wheeler Road is currently listed for $6,000,000 and was received on March 10, 2026. Want to learn more about 2521 Lake Wheeler Road? Do you have questions about finding other Lots/Land real estate for sale in Raleigh? You can browse all Raleigh real estate or contact a Coldwell Banker agent to request more information.