CompCasa Property Analysis · Single Family Residential

722 Powell Dr

Brand-New 3-Bed, 3-Bath Cottage in West Raleigh

Cottages at Powell Park — modern new build with detached 2-car garage

CompCasa valuation analysis
Estimated market value
$654,900
Low $628,704 · Midpoint $654,900 · High $681,096
Confidence65%Sales comparison approach
CompCasa estimate$654,900Current analysis
$628,704$654,900 midpoint$681,096
Price / sq ft$365

Derived from Redfin listing LD+JSON

About the property

Brand-New 3-Bed, 3-Bath Cottage in West Raleigh

At the Cottages at Powell Park, 722 Powell Drive introduces a fresh option for buyers seeking new construction in West Raleigh. This thoughtfully planned single-family home offers 1,792 finished square feet, three bedrooms and three full baths, and a detached two-car garage — a rare combination so close to downtown. The design emphasizes generous room sizes and a layout that puts daily life front-and-center: an open main level with a large kitchen island and stone countertops that anchor gatherings, while stainless steel appliances provide modern convenience.

A main-level guest suite creates flexibility for visitors, long-term guests, or a private home office without sacrificing privacy. Flow from the kitchen into living and dining areas engineered for everyday living and weekend entertaining. Upstairs the primary suite is intentionally spacious and paired with its own full bath; a second upstairs bedroom and full bath complete the private wing for family or roommates.

Outdoor living includes a covered porch that extends your living footprint and a private setting sheltered within the community. Practical systems include full A/C and the convenience of a detached garage for two cars and storage. The home’s finishes — stone counters and durable, modern fixtures — are selected to deliver low-maintenance living in a central location.

Location is a major draw: minutes to Downtown Raleigh and with quick access to I-440, I-40, Research Triangle Park and RDU Airport, this address streamlines commutes and weekend plans. Lifestyle destinations nearby include Fenton, North Hills, Umstead State Park and the Lenovo Center for sports and events. New construction this central to West Raleigh is uncommon; this home presents a rare chance to secure a brand-new residence with thoughtfully appointed spaces and true proximity to the city’s best amenities.

Location & nearby

Raleigh, NC

Researched nearby locations

Minutes to Downtown Raleigh
Convenient commute to Research Triangle Park (RTP)
Close to RDU Airport
Near Fenton and North Hills shopping and dining
Proximity to Umstead State Park and the Lenovo Center
Nearby parks and green spaces including Umstead State Park
Hiking and biking trails within a short drive
minutes from major regional employment centers such as RTP

Location

722 Powell Dr, Raleigh, NC, 27606

View in Google Maps
Editorial neighborhood context

West Raleigh around Powell Drive blends established residential streets with steadily increasing new-construction pockets like the Cottages at Powell Park. Residents enjoy speedy access to Downtown Raleigh’s restaurants and cultural venues while still being minutes from major regional employment centers such as RTP. Nearby retail and entertainment at Fenton and North Hills add daily convenience; outdoor recreation is anchored by Umstead State Park’s trails and greenways. The neighborhood appeals to buyers seeking a centrally located, low-maintenance home that keeps commutes short and leisure options plentiful.

Nearby access summary

Very good outdoor recreation access with Umstead State Park nearby for hiking and trails, community greenways for daily walking and biking, and sports/events at the Lenovo Center just minutes away.

Market context

A factual market snapshot around 722 Powell Dr.

Editorial market perspective

This listing sits at the intersection of limited new-construction supply and steady buyer demand in West Raleigh. The broker list price of $654,900 aligns with the valuation midpoint ($654,900) and a price-per-square-foot of approximately $365 — metrics that reflect premium positioning for centrally located, move-in-new homes. Local buyers continue to prioritize newer, low-maintenance single-family homes close to employment centers (RTP) and downtown amenities; inventory for comparable product types remains constrained relative to demand, making well-priced new builds more competitive. For sellers, that dynamic supports firm pricing; for buyers, it means timely decisions often win contracts. Given the home's central location and full build-out, this property is likely to attract both professionals commuting to RTP and buyers seeking long-term stay-in-place options, so expect focused interest and limited negotiating runway compared with more plentiful resale inventory farther from core Raleigh.

Highlights & features

What stands out about this property.

Interior Features

  • 3 bedrooms, 3 full bathrooms
  • 1,792 square feet of finished living space
  • Main-level guest suite suitable for visitors or office
  • Large kitchen island
  • Stone countertops
  • Stainless steel appliances
  • Upstairs primary suite with private bath
  • Central air conditioning

Exterior & Lot

  • Detached two-car garage
  • Covered front porch
  • Private community setting
  • New construction (2026)

Location & Neighborhood

  • Minutes to Downtown Raleigh
  • Quick access to I-440 and I-40
  • Convenient commute to Research Triangle Park (RTP)
  • Close to RDU Airport
  • Near Fenton and North Hills shopping and dining
  • Proximity to Umstead State Park and the Lenovo Center

Walkability & Recreation

  • Walkability Rating: 55/100 — Some walkable amenities
  • Nearby parks and green spaces including Umstead State Park
  • Hiking and biking trails within a short drive
  • Recreation and events at the Lenovo Center (nearby)
  • Running/walking paths and neighborhood sidewalks
  • Easy access to Fenton and North Hills retail for errands