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CondominiumResidential

8601 Cypress Lakes Dr

RALEIGH, NC 27615
2008
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20085 floors12 units1,077–2,526 ft²
$9.5M
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.
$812K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$417
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+75.8%vs the Raleigh ZIP median sale $/ft² ($237)

Sales Performance

$2.3M
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+96.5%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
8.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+2.9%per yeartypical hold 13.2 yrsfrom 10 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20082010201220152017202220242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20082010201220152017202220242026

23 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.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$382K$638K$894K$1.2M1,077 ft²1,367 ft²1,657 ft²1,946 ft²2,236 ft²2,526 ft²
Studio
Studio
12 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 · 1,450 ft²
3 units
Studio · 2 ba · 2,099 ft²
3 units
Studio · 2.5 ba · 2,526 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.

$382K–$382K
1 unit
$496K–$496K
1 unit
$578K–$649K
2 units
$729K–$747K
2 units
$877K–$939K
2 units
$969K–$999K
3 units
$1.2M–$1.2M
1 unit

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 1
$447/ft²
Floor 2
$418/ft²
Floor 3
$476/ft²
Floor 4
$363/ft²
Floor 5
$385/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.58%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.58%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.2.8 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.83%
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.17%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$777,553
Median tax billThe middle annual property tax bill among the building's units.$7,110
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 407May 28, 2026$2,254,500Unit 202Aug 25, 2025$1,147,500Unit 310Aug 25, 2025$1,156,500Unit 409Oct 29, 2024$630,000Unit 110Aug 30, 2024$1,080,000Unit 206Mar 4, 2022$378,000Unit 104Sep 30, 2021$1,080,000Unit 509Mar 18, 2021$581,000Unit 207May 15, 2017$725,000Unit 101Oct 16, 2015$612,000

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

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.41 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

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.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
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 SchoolC+
High · Grades 9–12 · 2.8 mi
M
Carroll Magnet Middle SchoolC
Middle · Grades 6–8 · 4.0 mi

District: Wake County Public 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.

8601 Cypress Lakes Dr # 101
2.5 ba · 1,754 ft²
$729K
8601 Cypress Lakes Dr # 103
2 ba · 1,450 ft²
$649K
8601 Cypress Lakes Dr # 104
2 ba · 2,259 ft²
$1.2M
8601 Cypress Lakes Dr # 110
2 ba · 2,099 ft²
$877K
8601 Cypress Lakes Dr # 202
2 ba · 2,099 ft²
$991K
8601 Cypress Lakes Dr # 206
1 ba · 1,077 ft²
$382K
8601 Cypress Lakes Dr Unit 207
2 ba · 1,754 ft²
$747K
8601 Cypress Lakes Dr Unit 310
2 ba · 2,099 ft²
$999K
8601 Cypress Lakes Dr # 407
2.5 ba · 2,526 ft²
$969K
8601 Cypress Lakes Dr Unit 409
2 ba · 1,450 ft²
$496K
8601 Cypress Lakes Dr # 507
2.5 ba · 2,526 ft²
$939K
8601 Cypress Lakes Dr # 509
2 ba · 1,450 ft²
$578K

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

About 8601 Cypress Lakes Dr

How many units are in 8601 Cypress Lakes Dr, Raleigh, NC?

8601 Cypress Lakes Dr, Raleigh, NC has 12 residential units across 5 floors, built in 2008, according to county assessor records.

What is a unit at 8601 Cypress Lakes Dr, Raleigh, NC worth?

The median TopHap Estimate across the 12 units at 8601 Cypress Lakes Dr, Raleigh, NC is $811,966. That works out to $417 per square foot. Units run from 1,077 to 2,526 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 8601 Cypress Lakes Dr, Raleigh, NC expensive for Raleigh?

Units at 8601 Cypress Lakes Dr, Raleigh, NC carry a median of $417 per square foot, 76% above the Raleigh median of $237 per square foot.

How often do units sell at 8601 Cypress Lakes Dr, Raleigh, NC?

1 units at 8601 Cypress Lakes Dr, Raleigh, NC sold in the last 12 months, out of 23 recorded arms-length sales all time. That is a turnover rate of 8.3% of the building per year. The median sale over that period was $2.3M.

Have units at 8601 Cypress Lakes Dr, Raleigh, NC appreciated?

Across 10 repeat sales of the same unit, 8601 Cypress Lakes Dr, Raleigh, NC returned a median 2.9% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 13.2 years.

What floor plans does 8601 Cypress Lakes Dr, Raleigh, NC have?

The most common plan at 8601 Cypress Lakes Dr, Raleigh, NC is a 0-bedroom of 1,450 square feet, repeated 3 times, with a median estimate of $577,818. TopHap identifies 3 recurring plans in the building.

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