3516 Ranlo Drive Raleigh, NC 27612 Coming Soon
UPDATED: 06/26/2026 09:59 PM ON MARKET: New on market today
$1,825,000
5 Beds5 Baths2,945 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming soon
Purchase Type For Sale
Square Footage 2,945 sqft
Price per Sqft $619
Subdivision Coley Forest
MLS Listing ID 10176574
Style House
Bedrooms 5
Full Baths 4
Half Baths 1
HOA Y/N No
Abv Grd Liv Area 2,945
Year Built 1977
Annual Tax Amount $10,767
Lot Size 0.390 Acres
Acres 0.39
Property Sub-Type Single Family Residence
Source Triangle MLS
Property Description
This exceptional property offers the perfect blend of lifestyle, location, and income potential. Completely renovated in 2022, the estate features a beautifully appointed main residence along with a detached cottage/ADU that currently generates approximately $28,000 annually in rental income. Beyond its income-producing capabilities, the cottage offers tremendous flexibility as a mother-in-law suite, private guest house for out-of-town visitors, home office, or multi-generational living space. Located within the desirable Lacy, Oberlin and Broughton schools The extensive renovation and subsequent improvements reflect a significant investment in both aesthetics and infrastructure. Highlights include substantial plumbing updates throughout the home, a Kinetico whole-house water purification system installed in 2022, a new driveway, and a 10-inch drainage pipe system installed in 2023 to enhance stormwater management and long-term property performance. This move-in-ready property combines modern systems and thoughtful improvements with timeless charm in one of Raleigh's most desirable neighborhoods. Ideally situated in the sought-after Five Points area, the home offers convenient access to North Hills, Downtown Raleigh, premier shopping and dining, grocery stores, and Raleigh-Durham International Airport. Whether your clients are seeking luxury living, multi-generational accommodations, guest quarters, or supplemental income, this property delivers a rare combination of elegance, convenience, and investment potential.
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