Sales comparison approach using recent listings and sales of similar new construction homes in West Raleigh. Adjusted for size, features, and location.
Brand-New 3BR/3BA Cottage with Detached 2-Car 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.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Same year built
- Same living area
- Same year built
A 2025 cottage.
Building
Site & utilities
West Raleigh
Researched nearby locations
Location
722 Powell Dr, Raleigh, NC 27606
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.
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.
A factual market snapshot around 722 Powell Dr.
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.
Residential-6
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
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
- 282 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 552 SF smaller
- 1 fewer bedroom
- 0.5 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Listed at $644,900 ($360 per square foot)
- Assessed land value of $99,000 as of 2025
- Zoned R-6 allowing single-family and accessory dwelling units
- Located 0.1 miles from Powell Drive Park and 1.5 miles from NC State University
- Nearby schools rated 8/10 or higher
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm completion of construction and obtain certificate of occupancy
- Verify any HOA fees and regulations
- Assess property tax implications post-construction assessment
- Review builder's warranty and any included appliances or fixtures
What stands out about this property.
Interior Features
- 1,792 square feet, 2 stories
- 3 bedrooms, 3 full bathrooms
- Chef's kitchen with large island
- Stone countertops
- Stainless steel appliances
- Main-level guest bedroom / office
- Oversized upstairs primary suite
- Central AC and forced-air gas heating
- Open, efficient floorplan
Exterior & Lot
- Detached two-car garage
- EV-ready conduit in garage
- Architectural shingle roof
- Level lot with standard residential driveway
- Wood-frame construction (2025 build)
- Low-maintenance exterior finishes
Location & Neighborhood
- West Raleigh neighborhood
- 0.1 miles to Powell Drive Park
- 1.5 miles to NC State University
- 3 miles to Downtown Raleigh
- Near Cameron Village shopping and Pullen Park
- Zoning: R-6 (single-family, ADU potential)
Walkability & Recreation
- Walkability Rating: 72/100 — Some Errands On Foot
- Powell Drive Park (0.1 miles)
- Pullen Park (≈2 miles) and greenways nearby
- NC State campus walking/biking access (1.5 miles)
- Cameron Village shopping (≈2.5 miles)
- Community paths and neighborhood recreation within short drives
Sources & research confidence.
See where the property research came from and how confidence varies by field.