$644,900
3 Bed · 3 Bath · 1,792 Sq Ft
Modern West Raleigh cottage steps from Powell Drive Park
3
Beds
3
Baths
1,792
Sq Ft
2025
Built
2-car detached
Garage
What sets 722 Powell Dr apart is its thoughtful combination of cottage scale and contemporary finishes — a freshly completed 1,792 sq ft home by Redeeming Development Group that places everyday conveniences within easy reach. The façade and proportions read like a classic West Raleigh cottage, but step inside and the home reveals a clean, modern palette: wide-plank-style flooring across the main level, a chef’s kitchen anchored by a generous island, stone countertops, and stainless-steel appliances. The plan was laid out with both entertaining and daily life in mind, providing clear sightlines from kitchen to living spaces and an efficient footprint that feels larger than its square footage suggests.
On the main level you’ll find a guest bedroom (ideal for visitors or a dedicated home office) and a full bathroom — a flexible arrangement that suits multi-generational living or frequent guests. Upstairs, the oversized primary suite delivers a private retreat with ample closet space and a well-appointed bath. Attention to contemporary needs shows in the detached two-car garage with EV-ready infrastructure and a drive approach off Powell Drive.
Location is a core feature here: Powell Drive Park sits about a block away for quick walks or weekend pick-up soccer, NC State University is approximately 1.5 miles, and Downtown Raleigh is roughly 3 miles — giving buyers fast access to campus energy, dining, and employment centers without sacrificing a quiet residential street. Quality schools nearby (Lufkin Road Middle, Adams Elementary, Athens Drive High) add tangible family appeal. The home is listed at $644,900 (about $360/sq ft), and comparable new builds on Powell Drive support this pricing bracket.
A practical note for buyers and lenders: this is brand-new construction — confirm final inspections and certificate of occupancy as part of your due diligence. With R-6 zoning, the lot supports accessory dwelling opportunities subject to permitting, offering future flexibility. For those seeking a modern, move-in-ready home tucked into one of Raleigh’s most walkable pockets, 722 Powell Dr presents a compelling blend of design, location, and long-term value.
West Raleigh blends residential calm with quick access to campus life and downtown amenities. Tree-lined streets, neighborhood parks like Powell Drive Park and proximity to Pullen Park provide daily recreation options. Cameron Village offers boutique shopping and restaurants a short drive away, while NC State’s campus adds cultural and dining vibrancy. The area draws families for well-rated schools and professionals seeking short commutes to downtown and Research Triangle employment centers. Community-oriented and walkable pockets make West Raleigh a desirable, steadily appreciating neighborhood.
West Raleigh is firmly favoring sellers in the current cycle: inventory is tight at roughly 2.5 months and homes average about 30 days on market. Median sale price in the area sits near $450,000, with one-year appreciation around 5% and five-year growth near 25%. New construction homes are particularly buoyant — buyers are paying a premium for modern systems, efficient layouts, and turnkey condition. Recent nearby closings (724 Powell Dr at $624,900 and 728 Powell Dr at $634,900) validate pricing in the low-to-mid $600Ks for comparable 1,792 sq ft cottages, supporting the $644,900 list price here (≈$360/sq ft).
For investors, rental demand in West Raleigh remains strong due to proximity to NC State and the downtown employment base; estimated monthly rents for similar 3-bedroom product are in the $2,400–$2,600 range, yielding a modest gross return (roughly 4.6% per current rental estimates). For owner-occupants, limited inventory and steady appreciation make this a favorable entry point—actively marketed new builds often attract multiple offer scenarios. Buyers should, however, confirm construction completion, certificate of occupancy, and any HOA or post-construction assessments as part of contract contingencies.
Adams Elementary
Elementary
Lufkin Road Middle
Middle
Athens Drive High
High
Very good access to parks and campus green space — Powell Drive Park is a block away, NC State and Pullen Park are within a few miles, plus nearby greenways and community paths for walking, biking, and family recreation.
Brand-new, well-designed home in a prime Raleigh location with strong market fundamentals and growth potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$620K
Midpoint
$640K
High
$660K
$357/SF estimated price per square foot
Sales comparison approach using recent listings and sales of similar new construction homes in West Raleigh. Adjusted for size, features, and location.
As of 2026-03-07
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
West Raleigh has experienced steady growth with increasing property values and demand for new construction homes.
Close proximity to parks, educational institutions, and shopping centers. Easy access to major highways and downtown Raleigh.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$360/SF
New construction listing
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