Homes/North Carolina/Raleigh/301 Fayetteville St
CompCasa Property Analysis · condo

301 Fayetteville St

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

Downtown Raleigh penthouse-level living with premium building amenities

1 beds1 baths975 sq ftBuilt 20081-car assigned in secure garage
CompCasa valuation analysis
Estimated market value
$502,500
Low $490,000 · Midpoint $502,500 · High $515,000
Confidence85%Sales comparison approach
Last recorded sale$360,000May 18, 2015
Assessed value$490,9792025 assessment
CompCasa estimate$502,500Mar 7, 2026
Estimate vs. last recorded sale+$142,500 / +39.6%
$490,000$502,500 midpoint$515,000
Price / sq ft$515
Median sale price$500,000
Avg days on market30 days
Inventory2.5 months

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

About the property

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

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$848,500
Property address301 Fayetteville St Unit 3301, Raleigh, NC 27601
2 bed2 bath1,384 sq ftBuilt 20080 mi$613/SF
Sold Apr 6, 2022
Subject difference
  • 409 SF larger
  • 1 additional bedroom
  • 1 additional bathroom
  • Same year built
Research comparison noteLarger 2-bedroom unit with similar amenities and views.
02Sold price$685,000
Property address301 Fayetteville St Unit 2601, Raleigh, NC 27601
2 bed2 bath1,330 sq ftBuilt 20080 mi$515/SF
Sold Nov 15, 2024
Subject difference
  • 355 SF larger
  • 1 additional bedroom
  • 1 additional bathroom
  • Same year built
Research comparison noteMid-level 2-bedroom unit with updated finishes.
03Sold price$509,600
Property address301 Fayetteville St Unit 2911, Raleigh, NC 27601
1 bed1 bath990 sq ftBuilt 20080 mi$515/SF
Sold Jun 1, 2025
Subject difference
  • 15 SF larger
  • Same year built
Research comparison noteSimilar 1-bedroom unit on a lower floor.
Comp methodology: Comparable sales and rentals were selected from within the same building to ensure consistency in amenities, location, and market conditions.
Property details

A 2008 penthouse.

Building

Year built2008
ConstructionConcrete And Steel
RoofMembrane
Heatingforced air
Coolingcentral air

Site & utilities

Garage1-car assigned in secure garage
Stories1
ConditionExcellent
BasementNone
FireplaceNo
Improvement notes11-foot ceilings, floor-to-ceiling windows, modern kitchen with stainless steel appliances, custom walk-in closet, flex space with built-in desk and Murphy bed
TopographyLevel
ParkingAssigned Garage
Parking spaces1
Parking notesOne assigned parking space in secure garage
AccessAccess via building lobby with 24-hour attendant
WaterMunicipal
SewerMunicipal
ElectricAvailable
GasAvailable
Location & nearby

Downtown Raleigh

Researched nearby locations

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)

Location

301 Fayetteville St 27601/unit 3311, NC

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryWiley Elementary (5/10)
Middle schoolOberlin Middle School (6/10)
High schoolNeedham Broughton High (7/10)
School districtWake County Public School System
Market context

A factual market snapshot around 301 Fayetteville St.

Median sale price$500,000
Avg days on market30 days
Inventory2.5 months
1-year appreciation5.0%
5-year appreciation25.0%
Editorial market perspective

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.

Zoning & land use

Downtown Mixed Use with 40-story height limit

Zoning

Zoning codeDX-40
DescriptionDowntown Mixed Use with 40-story height limit
JurisdictionCity of Raleigh
Assessor useCondominium
Current useResidential

Research-indicated uses

  • Residential
  • Commercial
  • Office
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed improvements$490,979
Total assessed$490,979
Assessment year2025
Annual property tax$4,636
Tax year2025

Sale history

2015-05-18$360,000 · $369/SF
2012-04-24$317,000 · $325/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$2,150/mo
Property address301 Fayetteville St Unit 2905, Raleigh, NC 27601
1 bed1 bath1,000 sq ft$2.15/SF
Leased Nov 15, 2025
Subject difference
  • 25 SF larger
Research comparison noteComparable 1-bedroom unit with similar amenities.
02Monthly rent$2,250/mo
Property address301 Fayetteville St Unit 3311-1, Raleigh, NC 27601
1 bed1 bath975 sq ft$2.31/SF
Leased Nov 19, 2025
Subject difference
  • Same living area
Research comparison noteSame unit previously rented at this rate.
Research findings & due diligence

What the research supports — and what is still worth verifying.

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

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm HOA fees and inclusions
  • Verify parking space assignment and availability
  • Review building maintenance records
  • Assess noise levels during different times of day
  • Confirm any upcoming special assessments
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
MLS listing for 301 Fayetteville St Unit 3311View source
2
Zillow listing for 301 Fayetteville St Unit 3311View source
3
Realtor.com listing for 301 Fayetteville St Unit 3301View source
4
Realtor.com listing for 301 Fayetteville St Unit 2601View source
5
Zillow listing for 301 Fayetteville St Unit 2911View source
6
Homes.com listing for 301 Fayetteville St Unit 2905View source
7
Allen Tate listing for 301 Fayetteville St Unit 3311-1View source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.