Property listing for 620 Walnut Heights Dr #103, Raleigh, NC 27610
For SaleCondo

$450,000

620 Walnut Heights Dr #103, Raleigh, NC 27610

Three-Level Modern Condo with Rooftop Deck and Private Garage

3 Bed · 2.5 Bath · 1,600 Sq Ft

New-construction 3BR/2.5BA condo minutes from downtown Raleigh

3

Beds

2.5

Baths

1,600

Sq Ft

2025

Built

1-car attached

Garage

About 620 Walnut Heights Dr #103

What sets this South Heights residence apart is its private rooftop deck—an elevated spot for skyline views of downtown Raleigh that turns evenings into events. Unit 103 occupies three thoughtful levels of new construction (2025), offering 1,600 square feet of contemporary living with a private front entry and a one-car attached garage. The paver-street community feels composed and urban at once, a short hop to restaurants and cultural venues but designed for low-maintenance everyday life.

Inside, wide-plank flooring runs through an open main level where a chef-forward kitchen anchors entertaining. Quartz countertops and stainless steel appliances frame generous prep space; adjacent living areas provide room for a full dining table and a lounge setup without crowding the flow. The thoughtful layout places convenience where it’s needed—powder room on the entry level, primary and secondary bedrooms arranged for privacy, and modern mechanicals (central heating and cooling) for year-round comfort.

Upstairs reveals the rooftop deck, a distinctive extension of the home that captures downtown light and seasonal breezes. Whether you’re hosting friends for a sunset gathering or settling in with a book, that private outdoor room dramatically expands usable living space without the upkeep of a yard. The finishes throughout reflect current tastes: clean lines, durable materials (fiber cement construction), and practical choices like a rubber roof for longevity.

Buyers who want urban access without sacrificing a sense of individual ownership will appreciate the balance here. South Heights sits about 1.5 miles from the heart of downtown Raleigh—walks to coffee, a short bike ride to Red Hat Amphitheater, and quick drives to Pullen Park or NC State. The association fee ($270/month) covers routine exterior maintenance so you can lock up and leave for weekends without worry. With strong nearby schools and proven rental demand in the development, Unit 103 appeals to owner-occupants and investors alike.

This condo is vacant and move-in ready, priced competitively at $450,000. It’s a smart option for someone who values modern finishes, private outdoor space, and immediate access to the city’s best amenities—all packaged in a low-maintenance, newly built community.

Home Highlights

Move-in readyPrivate rooftop deck with downtown skyline viewsAttached 1-car garage and private entranceNew construction (2025)Quartz countertops and stainless steel appliancesRental-friendly communityPaver-street South Heights locationHOA: $270/month

Property Features

Interior Features

  • 1,600 sq ft across three levels
  • 3 bedrooms, 2.5 bathrooms
  • Wide-plank flooring throughout main living areas
  • Quartz countertops
  • Stainless steel appliances
  • Open-plan living and dining
  • Central heating and air
  • Chef-style kitchen

Exterior & Lot

  • Private rooftop deck with downtown views
  • Attached 1-car garage
  • Private front entrance
  • Fiber cement construction
  • Paver-street community
  • Low-maintenance condo ownership

Location & Neighborhood

  • 1.5 miles to Downtown Raleigh
  • Pullen Park ~2 miles
  • Raleigh City Market ~1.7 miles
  • Red Hat Amphitheater ~1.8 miles
  • North Carolina State University ~3 miles
  • South Heights neighborhood character

Walkability & Recreation

  • Walkability Rating: 75/100 — Some errands on foot
  • Pullen Park (2 miles) — playgrounds and green space
  • Raleigh City Market (1.7 miles) — weekend events
  • Red Hat Amphitheater (1.8 miles) and downtown venues
  • North Carolina State University recreational facilities (3 miles)
  • Neighborhood sidewalks and paver streets for local strolls

Neighborhood & Location

South Heights blends urban convenience with a residential calm—paver streets and thoughtfully scaled buildings create a village-like feel a short distance from downtown Raleigh. Weekday routines can include quick trips to nearby cafes and restaurants, while weekends offer easy access to Pullen Park, Raleigh City Market, and frequent live events at Red Hat Amphitheater. The area attracts young professionals and families who value walkability, strong nearby schools, and straightforward access to downtown’s cultural and employment hubs.

Market Insights

The South Heights pocket of Raleigh currently reflects a balanced-to-leaning-seller market: inventory sits at roughly 3.5 months and average days on market are about 76, indicating steady demand without the extreme scarcity that pushes prices rapidly higher. Median sale price in the area is near $450,000, and the neighborhood has seen approximately 5% appreciation in the past year and about 25% over five years. Recent unit sales within the same development traded in the high $400Ks to low $500Ks, giving strong local comps for valuation.

For condominium buyers, this environment suggests opportunity—prices are aligned with comparable new units and rental demand is solid. Lease comps show rents around $2,200–$2,250/month (roughly $1.38–$1.41/sf), producing a gross rental yield near 5.9% based on the current list price. Investors will also note that community rules permit both short- and long-term rentals, broadening revenue options. Trade-offs to consider: HOA dues of $270/month and estimated annual taxes near $4,000 affect net returns and ownership cost.

Overall, this is a measured market where well-priced, turnkey new-construction condos—especially those with private outdoor space and attached parking—move steadily. Buyers seeking proximity to downtown Raleigh with low maintenance obligations should consider acting while inventory remains moderate and rental fundamentals hold.

Nearby Schools

Fuller Elementary

Elementary

6/10

Carnage Middle

Middle

10/10

Needham Broughton High

High

7/10

Walkability & Recreation

75
Walkability
80
Recreation

Excellent access to urban recreation: Pullen Park and Raleigh City Market within 2 miles, Red Hat Amphitheater and downtown cultural venues under 2 miles, and university recreational facilities about 3 miles away.

Investment Highlights

  • New construction with modern design and amenities
  • Private rooftop deck with downtown Raleigh views
  • Proximity to downtown Raleigh (1.5 miles)
  • Attached 1-car garage and private entrance
  • Community allows both short-term and long-term rentals
  • Steady market appreciation with 5% growth in the past year

Key Findings

  • Listed at $450,000 ($281 per square foot)
  • Comparable unit sold for $499,000 in October 2025
  • Located in South Heights development with paver road system
  • 1.5 miles from downtown Raleigh
  • HOA fees are $270 per month
  • Annual property taxes estimated at $4,000

Things to Consider

  • HOA fees of $270 per month may impact affordability
  • Limited historical data due to new construction
  • Market appreciation rates may vary in the future
  • Potential for noise due to proximity to downtown

Opportunity Analysis

Modern, low-maintenance condo near downtown Raleigh with strong rental potential and steady appreciation prospects.

Potential Use Scenarios

  • Consider as a primary residence for urban living with modern amenities
  • Evaluate potential for short-term or long-term rental income
  • Monitor market trends for future appreciation potential

Risk Factors

  • HOA fees impacting overall affordability
  • Market appreciation rates subject to change
  • Potential noise levels due to proximity to downtown

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

AI Valuation Estimate

Low

$440K

Midpoint

$450K

High

$460K

$281/SF estimated price per square foot

85% confidence

Sales comparison approach using recent listings and sales within the South Heights development. Adjusted for unit size, features, and market conditions.

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$450,000
Avg Days on Market76 days
Inventory3.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$65,000

The area has experienced steady population growth and urban development, attracting young professionals and families seeking proximity to downtown amenities.

Nearby Points of Interest

  • Downtown Raleigh (1.5 mi)
  • North Carolina State University (3 mi)
  • Pullen Park (2 mi)
  • Raleigh City Market (1.7 mi)
  • Red Hat Amphitheater (1.8 mi)

Proximity to downtown Raleigh offers access to dining, entertainment, and cultural venues. Nearby parks and educational institutions enhance the area's appeal.

School District

DistrictWake County Public School System
ElementaryFuller Elementary (6/10)
MiddleCarnage Middle (10/10)
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 Built2025
Constructionfiber cement
Stories3
Roofrubber
Heatingcentral
Coolingcentral air
Basementnone
FireplaceNo
Conditionnew

Lot & Site

Topographylevel
Parkingattached_garage
Parking Spaces1

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-10
DescriptionResidential-10
JurisdictionCity of Raleigh

Allowed Uses

single familymulti familytownhousecondominium
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Annual Tax (2025)$4,000

Sale History

2025-04-26$499,000

$312/SF

Initial listing price

2025-10-02$485,000

$303/SF

Price reduction

2025-11-06$450,000

$281/SF

Current listing price

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