Sales comparison approach using recent listings and sales within the building and nearby downtown condos. Adjusted for floor level, view, and unit condition.
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.
See the properties helping shape the valuation.
Comparable sales
- 409 SF larger
- 1 additional bedroom
- 1 additional bathroom
- Same year built
- 355 SF larger
- 1 additional bedroom
- 1 additional bathroom
- Same year built
- 15 SF larger
- Same year built
A 2008 penthouse.
Building
Site & utilities
Downtown Raleigh
Researched nearby locations
Location
301 Fayetteville St 27601/unit 3311, NC
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.
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.
A factual market snapshot around 301 Fayetteville St.
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.
Downtown Mixed Use with 40-story height limit
Zoning
Research-indicated uses
- Residential
- Commercial
- Office
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 25 SF larger
- Same living area
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
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.