Property listing for 722 Powell Dr, Raleigh, NC 27606
For SaleSingle Family Home

$644,900

722 Powell Dr, Raleigh, NC 27606

Brand-New 3BR/3BA Cottage with Detached 2-Car Garage

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

About 722 Powell Dr

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.

Home Highlights

Move-in ready new construction (2025)Chef's kitchen with stone countertopsDetached 2-car garage with EV-ready optionsMain-level guest room / home officeOversized primary suite upstairs1,792 sqft comfortable footprintPrime West Raleigh location steps to park

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Adams Elementary

Elementary

8/10

Lufkin Road Middle

Middle

10/10

Athens Drive High

High

8/10

Walkability & Recreation

72
Walkability
78
Recreation

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.

Investment Highlights

  • Brand-new construction with modern design and high-quality finishes
  • Desirable West Raleigh location with proximity to NC State University and Downtown
  • Detached two-car garage with EV-ready options
  • Open floor plan with chef's kitchen and main-level guest room
  • Strong local market with 5% annual appreciation and limited inventory

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

Things to Consider

  • New construction—verify completion and certificate of occupancy
  • Assess potential HOA fees and regulations
  • Confirm property tax implications post-construction assessment

Opportunity Analysis

Brand-new, well-designed home in a prime Raleigh location with strong market fundamentals and growth potential.

Potential Use Scenarios

  • Ideal for primary residence with modern amenities and convenient location
  • Potential for rental income given proximity to NC State University
  • Long-term appreciation potential in a growing market

Risk Factors

  • New construction—ensure all permits and inspections are finalized
  • Market conditions—monitor for any shifts in demand or pricing trends

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

AI Valuation Estimate

Low

$620K

Midpoint

$640K

High

$660K

$357/SF estimated price per square foot

85% confidence

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.

Market & Area Data

Market Trends

Area Median Price$450,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)15,000
Median Income (1 mi)$75,000

West Raleigh has experienced steady growth with increasing property values and demand for new construction homes.

Nearby Points of Interest

  • Powell Drive Park (0.1 mi)
  • NC State University (1.5 mi)
  • Downtown Raleigh (3 mi)
  • Pullen Park (2 mi)
  • Cameron Village Shopping Center (2.5 mi)

Close proximity to parks, educational institutions, and shopping centers. Easy access to major highways and downtown Raleigh.

School District

DistrictWake County Public School System
ElementaryAdams Elementary (8/10)
MiddleLufkin Road Middle (10/10)
HighAthens Drive High (8/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2025
Constructionwood frame
Stories2
Roofarchitectural shingle
Heatingforced air gas
Coolingcentral AC
Basementnone
FireplaceNo
Conditionnew

Lot & Site

Topographylevel
Parkingdetached_garage
Parking Spaces2

Utilities

Waterpublic
Sewerpublic
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeR-6
DescriptionResidential-6
JurisdictionCity of Raleigh

Allowed Uses

single familyaccessory dwelling unithome occupation
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$99,000
Land$99,000
Improvements$0

Sale History

2025-10-14$644,900

$360/SF

New construction listing

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