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CondominiumResidential

8581 Cypress Lakes Dr

RALEIGH, NC 27615
2019
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20195 floors6 units1,205–1,692 ft²
$2.9M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$503K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$405
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+73.8%vs the Raleigh ZIP median sale $/ft² ($233)

Sales Performance

$675K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
33.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
Jan

3 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Studio
6 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 2 ba · 1,287 ft²
2 units
One-off layouts
4 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$315K–$315K
1 unit
$410K–$410K
1 unit
$438K–$438K
1 unit
$567K–$599K
3 units

Value by Floor & LineAverage estimated price per square foot by floor range, using unit numbers to infer floors. Higher floors usually price higher — the gap shows how much the view is worth here.

Floor 2
$466/ft²
Floor 3
$285/ft²
Floor 4
$457/ft²
Floor 5
$465/ft²

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.83%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.67%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.2.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.100%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.0%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$511,952
Median tax billThe middle annual property tax bill among the building's units.$4,894
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 308May 4, 2026$729,000Unit 502Oct 22, 2025$621,000Unit 304Apr 17, 2024$513,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyWake
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Lead Mine Elementary SchoolB-
Elementary · Grades PK–5 · 0.6 mi
H
Sanderson High SchoolB-
High · Grades 9–12 · 2.8 mi
M
Carroll Magnet Middle SchoolC+
Middle · Grades 6–8 · 4.0 mi

District: Wake County Schools

Neighborhood · ZIP 27615These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.72
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.86
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.41

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.38%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.45,426
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,345 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$107,636
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$135,562
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

8581 Cypress Lakes Dr Unit 211
2 ba · 1,217 ft²
$567K
8581 Cypress Lakes Dr Unit 304
2 ba · 1,242 ft²
$438K
8581 Cypress Lakes Dr # 308
2 ba · 1,205 ft²
$315K
8581 Cypress Lakes Dr # 312
2 ba · 1,692 ft²
$410K
8581 Cypress Lakes Dr # 400
2 ba · 1,287 ft²
$588K
8581 Cypress Lakes Dr Unit 502
2 ba · 1,287 ft²
$599K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 8581 Cypress Lakes Dr

How many units are in 8581 Cypress Lakes Dr, Raleigh, NC?

8581 Cypress Lakes Dr, Raleigh, NC has 6 residential units across 5 floors, built in 2019, according to county assessor records.

What is a unit at 8581 Cypress Lakes Dr, Raleigh, NC worth?

The median TopHap Estimate across the 6 units at 8581 Cypress Lakes Dr, Raleigh, NC is $502,695. That works out to $405 per square foot. Units run from 1,205 to 1,692 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 8581 Cypress Lakes Dr, Raleigh, NC expensive for Raleigh?

Units at 8581 Cypress Lakes Dr, Raleigh, NC carry a median of $405 per square foot, 74% above the Raleigh median of $233 per square foot.

How often do units sell at 8581 Cypress Lakes Dr, Raleigh, NC?

2 units at 8581 Cypress Lakes Dr, Raleigh, NC sold in the last 12 months, out of 3 recorded arms-length sales all time. That is a turnover rate of 33.3% of the building per year. The median sale over that period was $675K.

What floor plans does 8581 Cypress Lakes Dr, Raleigh, NC have?

The most common plan at 8581 Cypress Lakes Dr, Raleigh, NC is a 0-bedroom of 1,287 square feet, repeated 2 times, with a median estimate of $593,482. TopHap identifies 1 recurring plans in the building.

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