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$12,000,000

3151 New Bern Avenue, Raleigh, NC 27610
Raleigh, NC 27610
Listed by J.W. Shearin · Coldwell Banker HPW
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

This property has been rezoned by the City of Raleigh for CX-12-UG-CU (TOD). The zoning allows for a Residential Commercial mix development from 16 to 20 stories possible. Up to 928 units of condos, apartment and or hotel rooms. The City is underway for the first proposed BRT station at this location on New Bern Avenue. In addition to the 928 units, there is 70k square of office and 20k for commercial uses.

Property details

MLS #
2538929
Property type
Unimproved Land
Subdivision
Not in a Subdivision
Status
Active
Days on market
1036
On market date
October 25, 2023
Stories
N/A
Garage spaces
N/A
Lot size
4.89 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Douglas Elementary
4.19 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
562
Student:teacher ratio
12.5:1
District
Wake County Schools
Middle
Martin Middle
5.73 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,003
Student:teacher ratio
14.5:1
District
Wake County Schools
High
Enloe High
1 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
2,416
Student:teacher ratio
17.0:1
District
Wake County Schools

Mortgage calculator

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Est. monthly payment
$72,415/mo
$2,400,000 down
$9,600,000 loan
Principal & interest$62,265
Property tax (est.)$10,000
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated July 18, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.