Property listing for 301 Fayetteville St 27601/unit 3311, NC
For SaleCondo

$490,000

301 Fayetteville St 27601/unit 3311, NC

Penthouse 1BR/1BA Condo with 11-Foot Ceilings and City Views

1 Bed · 1 Bath · 975 Sq Ft

Downtown Raleigh penthouse-level living with premium building amenities

1

Beds

1

Baths

975

Sq Ft

2008

Built

1-car assigned (secure garage)

Garage

About 301 Fayetteville St

The penthouse-level Unit 3311 at PNC Plaza announces itself with dramatic 11-foot ceilings and expansive floor-to-ceiling windows that frame sweeping downtown Raleigh panoramas. At 975 square feet this one-bedroom layout reads larger than the numbers suggest: an open living plan allows for distinct zones—living, dining, and a flexible work nook—while generous ceiling height and glass create an airy backdrop for contemporary furnishings and art.

The kitchen is thoughtfully appointed with stainless steel appliances, warm wood cabinetry and a breakfast bar that opens directly to the living area—perfect for casual evenings or hosting a small group. The primary suite includes a custom-designed walk-in closet; the bath pairs an elegantly tiled shower with a separate garden tub, delivering both practicality and a touch of spa-like comfort. A built-in desk and Murphy bed in the flexible alcove make the unit especially well-suited to buyers who need a dedicated home office that converts to guest space on demand.

Residents enjoy a full suite of on-site amenities: a staffed 24-hour lobby, pool deck with grilling and fire-pit areas, fitness center, community theater room and conference facilities. Practical conveniences include one assigned parking space in the secure garage and a separate storage unit on the 22nd floor. The HOA covers essential services (note: current monthly fee reported at $563), and the building’s concrete-and-steel construction offers strong sound and climate performance.

Location is a central selling point—this is urban living within easy walking distance of major cultural anchors: Raleigh Convention Center, Duke Energy Center for the Performing Arts, Red Hat Amphitheater and Moore Square Park are all minutes away. Whether you work downtown, commute regionally, or simply want immediate access to restaurants, nightlife and cultural programming, Unit 3311 delivers a high-style, low-maintenance downtown lifestyle.

From an investment perspective, recent in-building comps and market trends support the pricing strategy: downtown condo inventory remains tight, median sale prices hover near $500,000, and rental comps indicate strong leasing demand for one-bedroom units (estimated rent roughly $2,250/month). Buyers should note limited on-site parking and potential downtown noise during events, but for professionals and urban-oriented buyers this penthouse-level offering balances skyline views, premium amenities and turnkey convenience.

Home Highlights

Penthouse-level unit with panoramic city views11-foot ceilings and floor-to-ceiling windowsModern kitchen with stainless steel appliancesFlex space with built-in desk and Murphy bedAssigned secure garage parking and 22nd-floor storage unitBuilding amenities: pool deck, fitness center, theater room, 24-hour lobby attendant

Property Features

Interior Features

  • 11-foot ceilings
  • Floor-to-ceiling windows with panoramic city views
  • 975 sqft open floor plan
  • Stainless steel appliances
  • Wood cabinetry and breakfast bar
  • Custom walk-in closet in primary suite
  • Elegantly tiled shower plus garden tub
  • Flex space with built-in desk and Murphy bed
  • Central air and forced air heating
  • Excellent condition

Exterior & Lot

  • Assigned 1-car space in secure garage
  • Storage unit on 22nd floor
  • Pool deck with grilling and fire pit areas
  • Concrete and steel construction
  • 24-hour attended lobby
  • Membrane roof

Location & Neighborhood

  • Downtown Raleigh address — walking distance to major cultural venues
  • Raleigh Convention Center (≈0.2 mi)
  • Duke Energy Center for the Performing Arts (≈0.3 mi)
  • Red Hat Amphitheater (≈0.4 mi)
  • Moore Square Park (≈0.5 mi)
  • State Capitol Building (≈0.6 mi)

Walkability & Recreation

  • Walkability Rating: 95/100 — Highly Walkable
  • Nearby parks and green spaces: Moore Square Park and nearby plazas
  • Hiking and biking trails and urban greenways accessible within the Raleigh metro
  • Running/walking paths and waterfront promenades nearby
  • Community recreation facilities: building pool and fitness center

Neighborhood & Location

Downtown Raleigh blends cultural institutions, weekend entertainment and everyday conveniences into a highly walkable urban neighborhood. Residents enjoy immediate access to performing arts venues, convention programming and a lively restaurant scene, plus green spaces like Moore Square for outdoor downtime. The area has seen consistent residential and commercial growth, attracting professionals and creatives who value short commutes, transit options and a rich calendar of public events. Downtown also offers access to Wake County public schools and a range of local boutiques and services a short walk from home.

Market Insights

Downtown Raleigh currently leans toward a seller's market driven by constrained inventory and steady buyer demand. Local metrics show roughly 2.5 months of available inventory and an average days-on-market near 30, signaling brisk activity for well-priced condos. Median sale prices in the area sit around $500,000 with one-year appreciation near 5% and five-year gains roughly 25%, reflecting regional growth and sustained interest in urban living. Condominiums in PNC Plaza and nearby towers perform strongly because of building amenities, security and proximity to employment and cultural centers—those factors typically shorten marketing times and support price resilience. That said, buyers have leverage when pricing aligns with recent in-building comps; Unit 3311’s current list at $490,000 sits competitively against recent one- and two-bedroom sales and may represent a timely entry given strong rental demand (estimated rent ~$2,250/month) and a gross rental yield around 5.4%. Prospective purchasers should confirm HOA inclusions, parking assignment details and any pending assessments, but overall the downtown condo sector remains an attractive play for both move-in owners and investor buyers seeking exposure to Raleigh’s expanding urban core.

Nearby Schools

Needham Broughton High

High

7/10

Oberlin Middle School

Middle

6/10

Wiley Elementary

Elementary

5/10

Walkability & Recreation

95
Walkability
90
Recreation

Excellent downtown access to parks and entertainment with Moore Square and Red Hat Amphitheater nearby; building amenities include a pool and fitness center, and urban greenways and trailheads are available within the Raleigh metro for biking and walking.

Investment Highlights

  • Penthouse-level unit with panoramic city views
  • 11-foot ceilings and floor-to-ceiling windows
  • Modern kitchen with stainless steel appliances
  • Flex space with built-in desk and Murphy bed
  • Access to premium building amenities including pool, fitness center, and theater room
  • Prime downtown location with walkable access to dining, entertainment, and cultural venues

Key Findings

  • Assessed value in 2025: $490,979
  • Annual property tax: $4,636
  • Previously listed at $515,000 in August 2025; currently listed at $490,000 as of March 2026
  • Comparable units in the building have sold between $500,000 and $550,000 in the past year
  • Downtown Raleigh condo market experiencing steady appreciation with low inventory

Things to Consider

  • Monthly HOA fee of $563 may be considered high by some buyers
  • Limited on-site parking with only one assigned space
  • Potential for noise due to central downtown location

Opportunity Analysis

Luxurious penthouse condo offering modern amenities and panoramic city views in a prime downtown Raleigh location. Competitive pricing aligns with current market trends, presenting a strong investment opportunity.

Potential Use Scenarios

  • Ideal for professionals seeking urban living with luxury amenities
  • Potential for rental income given high demand for downtown residences
  • Long-term appreciation potential due to ongoing downtown development

Risk Factors

  • Monthly HOA fees may impact affordability
  • Limited parking may be a drawback for multi-car households
  • Potential for noise due to proximity to downtown events and nightlife

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$490K

Midpoint

$503K

High

$515K

$515/SF estimated price per square foot

85% confidence

Sales comparison approach using recent listings and sales within the building and nearby downtown condos. Adjusted for floor level, view, and unit condition.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$500,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$75,000

Downtown Raleigh has experienced significant residential and commercial growth over the past decade, attracting a diverse population seeking urban living.

Nearby Points of Interest

  • Raleigh Convention Center (0.2 mi)
  • Duke Energy Center for the Performing Arts (0.3 mi)
  • Red Hat Amphitheater (0.4 mi)
  • Moore Square Park (0.5 mi)
  • State Capitol Building (0.6 mi)

Located in the heart of downtown Raleigh, offering walkable access to dining, entertainment, and cultural venues.

School District

DistrictWake County Public School System
ElementaryWiley Elementary (5/10)
MiddleOberlin Middle School (6/10)
HighNeedham Broughton High (7/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2008
Constructionconcrete and steel
Stories1
Roofmembrane
Heatingforced air
Coolingcentral air
Basementnone
FireplaceNo
Conditionexcellent

Lot & Site

Topographylevel
Parkingassigned_garage
Parking Spaces1

Utilities

Watermunicipal
Sewermunicipal
Electricavailable
Gasavailable

Zoning & Land Use

Zoning CodeDX-40
DescriptionDowntown Mixed Use with 40-story height limit
JurisdictionCity of Raleigh

Allowed Uses

residentialcommercialoffice
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Total Assessed$490,979
Improvements$490,979
Annual Tax (2025)$4,636

Sale History

2015-05-18$360,000

$369/SF

Public record sale

2012-04-24$317,000

$325/SF

Public record sale

Find a Local Agent

Looking to buy or sell? Connect with a licensed local agent who knows this area.

Request a Showing

Your inquiry will be connected with a licensed local real estate professional through our brokerage partner.

Are You a Local Agent?

No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.

Learn About the Partner Program

CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.