CondominiumResidential
8821 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 floors55 units1,042–2,526 ft²
$43M
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.
$648K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$394
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.
+51.7%vs the Raleigh ZIP median sale $/ft² ($260)
Sales Performance
$1.1M
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-4.4%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
3.6%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+2.6%per yeartypical hold 6.9 yrsfrom 46 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20082010201320152018202120242026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20082010201320152018202120242026
104 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.
Studio
Studio
55 units$648K · $394/ft²
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 · 1,754 ft²
13 units$619K · $353/ft²
Studio · 2 ba · 1,450 ft²
10 units$545K · $376/ft²
Studio · 2 ba · 2,099 ft²
10 units$902K · $430/ft²
Studio · 2 ba · 2,259 ft²
10 units$1.1M · $509/ft²
Studio · 2 ba · 1,066 ft²
4 units$335K · $315/ft²
Studio · 3 ba · 2,352 ft²
3 units$937K · $398/ft²
Studio · 3 ba · 2,526 ft²
3 units$1.1M · $433/ft²
One-off layouts
2 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.
$307K–$435K
4 units
$507K–$632K
23 units
$648K–$802K
4 units
$807K–$960K
9 units
$1M–$1.1M
9 units
$1.2M–$1.2M
4 units
$1.4M–$1.4M
1 unit
$1.6M–$1.6M
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
$389/ft²10 units · -1%
Floor 2
$413/ft²12 units · +5%
Floor 3
$403/ft²11 units · +2%
Floor 4
$436/ft²11 units · +11%
Floor 5
$404/ft²11 units · +3%
Unit lines by $/ft²Condo units stacked vertically share a unit line — the last digits of the unit number (like 05 in 1205, 1305, 1405). Lines share a layout and exposure, so comparing estimated $/ft² by line shows which position in the building commands a premium.
Line ·04
$547/ft²5 units · +39%
Line ·08
$461/ft²5 units · +17%
Line ·10
$426/ft²5 units · +8%
Line ·05
$415/ft²5 units · +5%
Line ·02
$413/ft²5 units · +5%
Line ·09
$394/ft²5 units · +0%
Line ·07
$393/ft²5 units · +0%
Line ·03
$374/ft²5 units · -5%
Line ·01
$365/ft²5 units · -7%
Line ·11
$353/ft²5 units · -11%
Line ·12
$349/ft²4 units · -12%
Ownership & Financing
Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.95%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.24%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.1 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.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.19%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$640,038
Median tax billThe middle annual property tax bill among the building's units.$6,595
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 204May 28, 2026$1,687,500$747/ft²Unit 206Feb 23, 2026$463,500$445/ft²Unit 401Jun 30, 2025$990,000$564/ft²Unit 507Jun 30, 2025$1,589,000$629/ft²Unit 412Feb 28, 2025$392,000$368/ft²Unit 405Nov 12, 2024$1,350,000$574/ft²Unit 503Nov 8, 2024$621,000$428/ft²Unit 208Sep 26, 2024$1,260,000$558/ft²Unit 203Jun 17, 2024$612,000$422/ft²Unit 512Apr 29, 2024$374,000$351/ft²
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.
EHM
Lead Mine Elementary SchoolB-
Elementary · Grades PK–5 · 0.6 mi
Sanderson High SchoolB-
High · Grades 9–12 · 2.8 mi
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.
8821 Cypress Lakes Dr Unit 101
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 102
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 103
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 104
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 105
2 ba · 1,912 ft²
8821 Cypress Lakes Dr Unit 107
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 108
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 109
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 110
2 ba · 2,099 ft²
8821 Cypress Lakes Dr # 111
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 201
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 202
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 203
2 ba · 1,450 ft²
8821 Cypress Lakes Dr # 204
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 205
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 206
1 ba · 1,042 ft²
8821 Cypress Lakes Dr Unit 207
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 208
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 209
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 210
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 211
2 ba · 1,754 ft²
8821 Cypress Lakes Dr # 212
2 ba · 1,066 ft²
8821 Cypress Lakes Dr Unit 301
2 ba · 1,754 ft²
8821 Cypress Lakes Dr # 302
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 303
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 304
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 305
3 ba · 2,352 ft²
8821 Cypress Lakes Dr Unit 307
3 ba · 2,526 ft²
8821 Cypress Lakes Dr Unit 308
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 309
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 310
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 311
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 312
2 ba · 1,066 ft²
8821 Cypress Lakes Dr Unit 401
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 402
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 403
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 404
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 405
3 ba · 2,352 ft²
8821 Cypress Lakes Dr Unit 407
3 ba · 2,526 ft²
8821 Cypress Lakes Dr Unit 408
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 409
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 410
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 411
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 412
2 ba · 1,066 ft²
8821 Cypress Lakes Dr Unit 501
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 502
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 503
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 504
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 505
3 ba · 2,352 ft²
8821 Cypress Lakes Dr Unit 507
3 ba · 2,526 ft²
8821 Cypress Lakes Dr Unit 508
2 ba · 2,259 ft²
8821 Cypress Lakes Dr Unit 509
2 ba · 1,450 ft²
8821 Cypress Lakes Dr Unit 510
2 ba · 2,099 ft²
8821 Cypress Lakes Dr Unit 511
2 ba · 1,754 ft²
8821 Cypress Lakes Dr Unit 512
2 ba · 1,066 ft²
Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.
About 8821 Cypress Lakes Dr
How many units are in 8821 Cypress Lakes Dr, Raleigh, NC?
8821 Cypress Lakes Dr, Raleigh, NC has 55 residential units across 5 floors, built in 2008, according to county assessor records.
What is a unit at 8821 Cypress Lakes Dr, Raleigh, NC worth?
The median TopHap Estimate across the 55 units at 8821 Cypress Lakes Dr, Raleigh, NC is $648,463. That works out to $394 per square foot. Units run from 1,042 to 2,526 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.
Is 8821 Cypress Lakes Dr, Raleigh, NC expensive for Raleigh?
Units at 8821 Cypress Lakes Dr, Raleigh, NC carry a median of $394 per square foot, 52% above the Raleigh median of $260 per square foot.
How often do units sell at 8821 Cypress Lakes Dr, Raleigh, NC?
2 units at 8821 Cypress Lakes Dr, Raleigh, NC sold in the last 12 months, out of 104 recorded arms-length sales all time. That is a turnover rate of 3.6% of the building per year. The median sale over that period was $1.1M.
Have units at 8821 Cypress Lakes Dr, Raleigh, NC appreciated?
Across 46 repeat sales of the same unit, 8821 Cypress Lakes Dr, Raleigh, NC returned a median 2.6% 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 6.9 years.
What floor plans does 8821 Cypress Lakes Dr, Raleigh, NC have?
The most common plan at 8821 Cypress Lakes Dr, Raleigh, NC is a 0-bedroom of 1,754 square feet, repeated 13 times, with a median estimate of $619,058. TopHap identifies 7 recurring plans in the building.
More homes on Cypress Lakes Dr Unit 512
- 8831 Cypress Lakes Dr # 409$1.2M2 ba · 1,576 ft² · Sold $1.2M · Jul 2026
- 8831 Cypress Lakes Dr # 106$726K2 ba · 1,576 ft² · Sold $2K · Jul 2026
- 8821 Cypress Lakes Dr # 204$1.6M2 ba · 2,259 ft² · Sold $1.7M · May 2026
- 8601 Cypress Lakes Dr # 407$980K2.5 ba · 2,526 ft² · Sold $2.3M · May 2026
- 8581 Cypress Lakes Dr # 308$719K2 ba · 1,205 ft² · Sold $729K · May 2026
- 8811 Cypress Lakes Dr # 301$725K2 ba · 1,606 ft² · Sold $765K · Mar 2026
- 8821 Cypress Lakes Dr # 206$435K1 ba · 1,042 ft² · Sold $464K · Feb 2026
- 8811 Cypress Lakes Dr # 511$634K2 ba · 1,240 ft² · Sold $676K · Feb 2026
- 8811 Cypress Lakes Dr # 408$625K2 ba · 1,288 ft² · Sold $666K · Feb 2026
- 8811 Cypress Lakes Dr # 508$592K2 ba · 1,288 ft² · Sold $657K · Oct 2025
- 8581 Cypress Lakes Dr # 502$594K2 ba · 1,287 ft² · Sold $621K · Oct 2025
- 8831 Cypress Lakes Dr # 204$514K2 ba · 1,242 ft² · Sold $576K · Sep 2025
Closest homes
- 8821 Cypress Lakes Dr Unit 409$521K0 ft · 2 ba · 1,450 ft² · Sold $612K · Dec 2023
- 8821 Cypress Lakes Dr Unit 301$572K0 ft · 2 ba · 1,754 ft² · Sold $259K · Aug 2009
- 8821 Cypress Lakes Dr Unit 407$1.1M0 ft · 3 ba · 2,526 ft² · Sold $1.3M · Oct 2023
- 8821 Cypress Lakes Dr Unit 408$1.1M0 ft · 2 ba · 2,259 ft² · Sold $796K · Oct 2018
- 8821 Cypress Lakes Dr Unit 505$927K0 ft · 3 ba · 2,352 ft² · Sold $639K · Jul 2020
- 8821 Cypress Lakes Dr Unit 504$1.2M0 ft · 2 ba · 2,259 ft² · Sold $869K · Aug 2021
- 8821 Cypress Lakes Dr Unit 201$611K0 ft · 2 ba · 1,754 ft² · Sold $618K · Nov 2018
- 8821 Cypress Lakes Dr Unit 307$622K0 ft · 3 ba · 2,526 ft² · Sold $662K · Feb 2010
More homes in Raleigh 27615
- 2513 Countrywood Rd$950K3.5 ba · 3,080 ft² · Sold $950K · Aug 2026
- 2912 Bolo Trl$455K2.5 ba · 2,115 ft² · Sold $466K · Aug 2026
- 2012 Chichester Ct$797K2.5 ba · 2,190 ft² · Sold $815K · Aug 2026
- 7517 Wingfoot Dr$1.6M3 ba · 4,194 ft² · Sold $1.6M · Aug 2026
- 7731 Falcon Rest Cir$250K2.5 ba · 1,200 ft² · Sold $247K · Aug 2026
- 204 Jansmith Ln$950K3 ba · 3,364 ft² · Sold $930K · Aug 2026
- 1921 Torrey Pines Pl$1.6M3.5 ba · 5,169 ft² · Sold $1.6M · Aug 2026
- 6913 Justice Dr$546K2 ba · 1,502 ft² · Sold $385K · Aug 2026
- 1820 Hunting Ridge Rd$1.5M3.5 ba · 5,047 ft² · Sold $1.4M · Aug 2026
- 5408 Winding View Ln$2M3.5 ba · 4,950 ft² · Sold $2M · Aug 2026
- 7523 Wellesley Park S$515K3.5 ba · 2,831 ft² · Sold $515K · Aug 2026
- 2221 Weybridge Dr$995K3 ba · 2,989 ft² · Sold $995K · Aug 2026
Assigned schools
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