Skip main navigation
Off market
  • $800,300

    721 Malbay Ln, Raleigh, NC 27615

    4beds
    4,200sqft
    SingleFamily
    Built in 2006
    1.34 Acres Lot
    $800,300 Zestimate®
    $191/sqft
    $5,747 Estimated rent

    Home value

    $800,300

    $752,000 - $856,000

    $5,747/mo

    Zestimate® history
    Loading...

    Owner options

    List your home for rent

    $5,747/mo

    Rent Zestimate®

    Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

    Learn more

    $5,747/mo

    Rent Zestimate®

    Refinance and save

    $4,667/mo

    Est. payment

    Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

    See today's rates

    $4,667/mo

    Est. payment

    Explore your selling options

    Work with a Zillow partner agent

    Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

    Get started

    List with your own agent

    Get your home in front of millions of buyers by listing it on Zillow.

    Learn how to do it

    Sell it yourself

    Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

    List your home

    What's special

    This 4+ bedroom, /4.5 bath Shannon Woods, North Raleigh home has SO much character & SPACE, and beautiful updates! The first floor features gorgeous shiplap accents and tons of custom built-ins. An oversized great room has lots of light and a gas log fireplace. The kitchen has white cabinets, stainless appliances -including a gas range- and a eat-in breakfast bar. Notice the French doors between the formal dining room & the living room- great for open space entertaining or for closing it up for separate spaces! Both living and dining room also have custom built in storage cabinetry! As if that were not enough, the main floor also boasts another bedroom that could also be used as an office or den. The absolutely enormous Grand Master Suite is on the second floor and has two entrances (private back stairway access or hallway access) & its own sitting rm.The custom built huge master walk-in closet is the actually closet of your DREAMS! Notice the large additional bedrooms have their own bathrooms. This could easily could be a two master home! The third floor features a bedroom/suite/flex space and full bath and separate office space. The gorgeous 1.34 acre cul de sac yard extends to the side area, which backs to woods and is often visited by the most beautiful deer (including an rare albino Momma- see the pics!). There is a large fenced in area for dogs/kids/separation of space. New sod! The like-new deck is so huge! Check out the Amazing TREE HOUSE with swings, slide, rope swing, loft, screen door and deck- a child's paradise! The convenient I-540 is right behind this home, and price reflects the fact that you can hear it outside, but inside is noise is very minimal, and there are double windows installed for sound reduction.This is a very rare opportunity to have a home and yard like this in this very sought after North Raleigh location, for under $500k. It is just minutes from Trinity Academy, less than a mile from Magellan Charter School, less than 4 miles to Ravenscroft. This Neighborhood is across the street from the 50-acre Baileywick Park which was just approved by Wake County for a massive renovation. Walk to trails, playgrounds, ballpark and sports fields!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 4
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Gas
    Cooling
    • Central, Other
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer
    Features
    • Flooring: Tile, Carpet, Laminate
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 4,200 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    Lot
    • Size: 1.34 Acres
    Details
    • Parcel number: 0798677807

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conventional
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 2006

    Community & neighborhood

    Location
    • Region: Raleigh

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $8 monthly

    Price history

    DateEventPrice
    4/3/2020Sold$455,000-2.2%$108/sqft
    Source: Doorify MLS #2293011 Report a problem
    2/19/2020Pending sale$465,000$111/sqft
    Source: NextHome Triangle Properties #2293011 Report a problem
    2/12/2020Price change$465,000-2.1%$111/sqft
    Source: NextHome Triangle Properties #2293011 Report a problem
    1/16/2020Price change$475,000-4%$113/sqft
    Source: NextHome Triangle Properties #2293011 Report a problem
    1/9/2020Price change$495,000-0.8%$118/sqft
    Source: NextHome Triangle Properties #2293011 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,483 +3%$697,786
    2024$4,353 +19.4%$697,786 +50%
    2023$3,647 +7.9%$465,115

    Find assessor info on the county website

    Neighborhood: 27615

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Wake - Baileywick
    • Middle: Wake - West Millbrook
    • High: Wake - Sanderson

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $800,300
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $800,300