5301 Thayer Drive Raleigh, NC 27612 Active

UPDATED: 12/11/2025 12:48 PM ON MARKET: 43 days on market

$485,000

4 Beds3 Baths2,994 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,994 sqft

Price per Sqft $161

Subdivision North Hills Estates

MLS Listing ID 10136719

Style House

Bedrooms 4

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 2,994

Year Built 1971

Annual Tax Amount $4,162

Lot Size 0.450 Acres

Acres 0.45

Property Sub-Type Single Family Residence

Source Triangle MLS

Property Description

Discover a rare North Hills teardown opportunity on nearly a half-acre corner basement lot that backs to the Mine Creek Greenway. The existing home was built on a slab foundation over unstable fill and has experienced significant structural issues over time; the property is being sold for land value only. Square footage is based on tax records and may not accurately reflect current conditions. Exterior viewings only.

Located just 5 minutes from North Hills and 5 minutes from Crabtree Valley Mall, this site offers unmatched convenience to Midtown's top dining, shopping, parks, and magnet school options. Easy access to I-440, Shelley Lake, and the North Hills Club makes this an exceptional setting for those looking to build in a high-demand area.

Ideal for custom-home clients, spec builders, or anyone seeking a build-on-your-lot opportunity in a proven luxury infill corridor. With mature trees, generous frontage, and excellent visibility, 5301 Thayer Drive presents a standout canvas for a future new-construction home with strong long-term value in one of Raleigh's most desirable neighborhoods.