$899,000
3104 Lake Wheeler Rd #0, Raleigh, NC 27603
Spacious 4BR Transitional Home on 1.29 Acres near Lake Wheeler
4 Bed · 3 Bath · 3,739 Sq Ft
Custom finishes, main-floor primary, screened porch — no HOA
4
Beds
3
Baths
3,739
Sq Ft
2007
Built
1.29 acres
Lot
No attached garage; ample driveway parking
Garage
About 3104 Lake Wheeler Rd
This thoughtfully detailed transitional home offers generous scale and outdoor privacy on just over 1.29 acres in South Raleigh. At approximately 3,739 finished square feet, the floorplan centers on comfortable living and purposeful storage: a main-level primary suite includes two walk-in closets and a spa-like ensuite with heated floors, while custom built-ins and abundant cabinetry appear throughout the main living areas.
The kitchen was designed for functional entertaining — granite counters, double ovens, tile backsplash and two built-in refrigerated wine drawers pair with a convenient butler's pantry adjacent to the dining area. A flexible office/flex room with its own closet and a full bath on the main level offers private guest or work-from-home accommodations. Upstairs, three bedrooms share a full bath, and a large bonus room plus a walk-in attic deliver storage and expansion potential.
Outdoor living is a standout: the screened porch, covered deck and open deck create multiple entertaining zones overlooking a wrought-iron fenced backyard — an ideal layout for family gatherings or quiet evenings. The large lot also provides room for future additions, detached parking, or landscaping projects where local zoning permits. With no HOA, this property gives you flexibility while staying minutes from Lake Wheeler Park, retail along Fayetteville Road, and direct routes downtown.
This home is presented in move-in-ready condition with mature landscaping and custom details rare in today’s resale market. Schedule a showing to experience the scale, privacy, and conveniences this Lake Wheeler Rd property delivers.
Home Highlights
Property Features
Interior Features
- Main-level primary bedroom with two walk-in closets
- Primary ensuite with heated floors
- Hardwood floors on main level (per listing remarks)
- Kitchen with granite counters, tile backsplash, double ovens
- Two built-in refrigerated wine drawers
- Butler's pantry adjacent to dining area
- Flexible office/flex room with custom cabinetry and closet
- Large upstairs bonus room and walk-in attic storage
Exterior & Lot
- Approximately 1.29-acre lot (56,192 SF)
- Screened porch, covered deck, open deck
- Wrought-iron fenced backyard
- Mature landscaping and private rear yard
- No HOA — flexible exterior use (verify with zoning)
Location & Neighborhood
- South Raleigh location near Lake Wheeler Park
- Short drive to Fayetteville Rd retail and dining corridors
- Reasonable commute to downtown Raleigh and RTP
- Neighborhood character: established single-family lots with mature trees
Walkability & Recreation
- Walkability Rating: 40/100
- Close access to Lake Wheeler Park and local greenways
- Drive to shopping and restaurants in under 10–15 minutes
Neighborhood & Location
The Lake Wheeler / South Raleigh area blends established residential pockets with nearby outdoor amenities. Properties here often feature larger lots and mature landscaping, offering a quieter, suburban feel within an easy drive of downtown Raleigh, Fayetteville Road retail, and several parks. Buyers here prioritize privacy and space while maintaining quick access to city conveniences.
Market Insights
South Raleigh continues to attract buyers who want larger lots and easy access to downtown and RTP without the price of inner-city neighborhoods. Inventory for single-family homes remains relatively tight, particularly for properties with big yards and main-level primary suites that appeal to downsizers and multi-generational households. Median sale prices across the southern Raleigh/27603 submarket have risen in recent years (mid-single-digit annual appreciation), and homes that combine quality finishes with an oversized lot—like this one—tend to receive strong interest and multiple-offer scenarios when marketed correctly. With an asking price of $899,000 and price-per-square-foot of approximately $240, this home is competitively positioned among larger-lot listings. Buyers should verify school assignments and consult recent sold comps for final pricing strategy.
Nearby Schools
Athens Drive High School
High · 3-5 mi
Assigned Middle School (verify with Wake County)
Middle · 2-4 mi
Assigned Elementary School (verify with Wake County)
Elementary · 1-3 mi
Walkability & Recreation
Excellent access to Lake Wheeler Park and nearby green spaces; multiple outdoor living areas on property expand usable recreation space.
Investment Highlights
- Large 1.29-acre lot — rare in this part of South Raleigh
- Main-level primary suite with heated bathroom floors and two walk-in closets
- Extensive custom built-ins, butler's pantry, double ovens and dual wine drawers
- Multiple outdoor living spaces: screened porch, covered deck, open deck, wrought-iron fenced yard
- No HOA — flexibility for accessory structures or exterior changes (subject to zoning)
Key Findings
- 3,739 SF of living space with 4 beds/3 baths (2007 construction)
- List price $899,000; AVM ~$905k; estimated value range $855k–$950k
- Large, mature lot (56,192 SF) increases relative value vs. typical 27603 parcels
- Main-level primary and office/flex with adjacent full bath increases marketability
- No attached garage recorded — creates optional upside to add structured parking
Things to Consider
- No garage may be a deficiency for some buyers; verify parking and storage needs
- Zoning specifics and setbacks not confirmed — potential for limitations on future additions
- School assignment details must be validated for buyers with children
- Valuation lacks live sold-comp pull; recommended to run three to five recent local comps
Opportunity Analysis
Acquire a spacious single-family residence on a large lot in South Raleigh that offers strong owner-occupier appeal and optional value-add through finishing attic space, adding structured parking or minor modernizations.
Potential Use Scenarios
- Market to downsizers and multigenerational families emphasizing the main-level primary and flexible office/flex space.
- Consider modest updates (kitchen hardware, bathroom refreshes) to justify pricing at the top of the estimated range.
- If investor: explore rental comps and cap rates; consider adding a detached garage or converting attic storage to conditioned space if permitted.
Risk Factors
- Potentially higher maintenance costs tied to lot and outdoor structures
- Local competition from newer construction in other south Raleigh pockets
- Exposure to shifts in single-family demand if interest rates rise
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$855K
Midpoint
$903K
High
$950K
$240/SF estimated price per square foot
Estimate anchored to MLS list price ($899K) and Redfin AVM (~$905K), adjusted ±5–6% to reflect lot size (~1.29 acres), main-level primary suite, custom finishes and current South Raleigh market conditions. No live comparable sales pulled — recommended verification with recent sold comps.
As of 2026-03-14
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
South Raleigh has seen steady population growth with a mix of long-time residents and newer infill development. Demand for low-maintenance single-family homes within 15–20 minutes of downtown remains strong.
Nearby Points of Interest
- Lake Wheeler Park (0.5–1 mi)
- Fayetteville Rd retail corridor (2-3 mi)
Quick access to Lake Wheeler Park and outdoor recreation, grocery and dining along Fayetteville Rd and Tryon Road, and convenient commute routes to downtown Raleigh, RDU and Research Triangle Park.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
Are You the Listing Agent?
Claim this property page to feature your contact info, photos, and list price.
Claim This Listing — $49One-time fee. Your info appears on this page across CompCasa.
Request a Showing
Connect with a licensed local agent in this area.
Request a ShowingAre you a buyer's agent?
Claim ZIP 27603 — $49/yrProperty details may be compiled from public records, MLS-derived data, and automated analysis. Agent claim indicates the agent has claimed this profile or confirmed representation of the property; it does not mean the agent has verified all property details.