CondominiumResidential
8831 Cypress Lakes Dr
RALEIGH, NC 27615
2021
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 20195 floors57 units1,203–1,895 ft²
$36M
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.
$650K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$424
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.
+79.0%vs the Raleigh ZIP median sale $/ft² ($237)
Sales Performance
$1.2M
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
+116.4%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
1.8%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
202020212022202420252026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
202020212022202420252026
11 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
57 units$650K · $424/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 · 1,203 ft²
10 units$541K · $450/ft²
Studio · 2 ba · 1,576 ft²
10 units$650K · $412/ft²
Studio · 2 ba · 1,895 ft²
10 units$703K · $371/ft²
Studio · 2 ba · 1,287 ft²
8 units$569K · $442/ft²
Studio · 2 ba · 1,692 ft²
8 units$682K · $403/ft²
Studio · 2 ba · 1,217 ft²
4 units$546K · $449/ft²
Studio · 2 ba · 1,242 ft²
4 units$546K · $440/ft²
Studio · 2 ba · 1,500 ft²
3 units$636K · $424/ft²
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.
$476K–$546K
16 units
$569K–$650K
19 units
$671K–$709K
20 units
$765K–$765K
1 unit
$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
$442/ft²6 units · +4%
Floor 2
$413/ft²12 units · -3%
Floor 3
$421/ft²13 units · -1%
Floor 4
$451/ft²13 units · +6%
Floor 5
$422/ft²13 units · +0%
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 ·09
$484/ft²5 units · +14%
Line ·07
$471/ft²5 units · +11%
Line ·08
$456/ft²5 units · +8%
Line ·11
$455/ft²4 units · +7%
Line ·00
$442/ft²4 units · +4%
Line ·04
$431/ft²4 units · +2%
Line ·06
$431/ft²5 units · +2%
Line ·02
$424/ft²4 units · +0%
Line ·01
$423/ft²3 units · +0%
Line ·03
$403/ft²4 units · -5%
Line ·12
$403/ft²4 units · -5%
Line ·10
$372/ft²5 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.37%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.6.0 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.80%
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.15%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$533,482
Median tax billThe middle annual property tax bill among the building's units.$5,929
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 409Jul 30, 2026$1,246,500$791/ft²Unit 204Sep 29, 2025$576,000$464/ft²Unit 202Jun 20, 2024$563,000$437/ft²Unit 110May 1, 2024$882,000$465/ft²Unit 408May 25, 2022$567,000$471/ft²Unit 511Jul 30, 2021$495,000$407/ft²Unit 206Apr 13, 2021$662,000$420/ft²Unit 105Feb 10, 2021$536,000$283/ft²Unit 308Nov 10, 2020$504,000$419/ft²Unit 412Nov 10, 2020$558,000$330/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 SchoolC+
High · Grades 9–12 · 2.8 mi
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.
8831 Cypress Lakes Dr # 105
2 ba · 1,895 ft²
8831 Cypress Lakes Dr # 106
2 ba · 1,576 ft²
8831 Cypress Lakes Dr # 107
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 108
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 109
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 110
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 200
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 202
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 203
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 204
2 ba · 1,242 ft²
8831 Cypress Lakes Dr Unit 205
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 206
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 207
2 ba · 1,203 ft²
8831 Cypress Lakes Dr # 208
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 209
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 210
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 211
2 ba · 1,217 ft²
8831 Cypress Lakes Dr Unit 212
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 300
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 301
2 ba · 1,500 ft²
8831 Cypress Lakes Dr Unit 302
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 303
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 304
2 ba · 1,242 ft²
8831 Cypress Lakes Dr Unit 305
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 306
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 307
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 308
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 309
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 310
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 311
2 ba · 1,217 ft²
8831 Cypress Lakes Dr Unit 312
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 400
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 401
2 ba · 1,500 ft²
8831 Cypress Lakes Dr Unit 402
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 403
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 404
2 ba · 1,242 ft²
8831 Cypress Lakes Dr Unit 405
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 406
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 407
2 ba · 1,203 ft²
8831 Cypress Lakes Dr # 408
2 ba · 1,203 ft²
8831 Cypress Lakes Dr # 409
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 410
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 411
2 ba · 1,217 ft²
8831 Cypress Lakes Dr Unit 412
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 500
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 501
2 ba · 1,500 ft²
8831 Cypress Lakes Dr Unit 502
2 ba · 1,287 ft²
8831 Cypress Lakes Dr Unit 503
2 ba · 1,692 ft²
8831 Cypress Lakes Dr Unit 504
2 ba · 1,242 ft²
8831 Cypress Lakes Dr Unit 505
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 506
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 507
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 508
2 ba · 1,203 ft²
8831 Cypress Lakes Dr Unit 509
2 ba · 1,576 ft²
8831 Cypress Lakes Dr Unit 510
2 ba · 1,895 ft²
8831 Cypress Lakes Dr Unit 511
2 ba · 1,217 ft²
8831 Cypress Lakes Dr Unit 512
2 ba · 1,692 ft²
Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.
About 8831 Cypress Lakes Dr
How many units are in 8831 Cypress Lakes Dr, Raleigh, NC?
8831 Cypress Lakes Dr, Raleigh, NC has 57 residential units across 5 floors, built in 2019, according to county assessor records.
What is a unit at 8831 Cypress Lakes Dr, Raleigh, NC worth?
The median TopHap Estimate across the 57 units at 8831 Cypress Lakes Dr, Raleigh, NC is $649,639. That works out to $424 per square foot. Units run from 1,203 to 1,895 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.
Is 8831 Cypress Lakes Dr, Raleigh, NC expensive for Raleigh?
Units at 8831 Cypress Lakes Dr, Raleigh, NC carry a median of $424 per square foot, 79% above the Raleigh median of $237 per square foot.
How often do units sell at 8831 Cypress Lakes Dr, Raleigh, NC?
1 units at 8831 Cypress Lakes Dr, Raleigh, NC sold in the last 12 months, out of 11 recorded arms-length sales all time. That is a turnover rate of 1.8% of the building per year. The median sale over that period was $1.2M.
What floor plans does 8831 Cypress Lakes Dr, Raleigh, NC have?
The most common plan at 8831 Cypress Lakes Dr, Raleigh, NC is a 0-bedroom of 1,203 square feet, repeated 10 times, with a median estimate of $541,109. TopHap identifies 8 recurring plans in the building.
More homes on Cypress Lakes Dr Unit 308
- 8831 Cypress Lakes Dr # 409$1.2M2 ba · 1,576 ft² · Sold $1.2M · Jul 2026
- 8831 Cypress Lakes Dr # 106$765K2 ba · 1,576 ft² · Sold $2K · Jul 2026
- 8821 Cypress Lakes Dr # 204$1.2M2 ba · 2,259 ft² · Sold $1.7M · May 2026
- 8601 Cypress Lakes Dr # 407$969K2.5 ba · 2,526 ft² · Sold $2.3M · May 2026
- 8581 Cypress Lakes Dr # 308$715K2 ba · 1,205 ft² · Sold $729K · May 2026
- 8811 Cypress Lakes Dr # 301$713K2 ba · 1,606 ft² · Sold $765K · Mar 2026
- 8821 Cypress Lakes Dr # 206$427K1 ba · 1,042 ft² · Sold $464K · Feb 2026
- 8811 Cypress Lakes Dr # 511$623K2 ba · 1,240 ft² · Sold $676K · Feb 2026
- 8811 Cypress Lakes Dr # 408$614K2 ba · 1,288 ft² · Sold $666K · Feb 2026
- 8811 Cypress Lakes Dr # 508$580K2 ba · 1,288 ft² · Sold $657K · Oct 2025
- 8581 Cypress Lakes Dr # 502$590K2 ba · 1,287 ft² · Sold $621K · Oct 2025
- 8831 Cypress Lakes Dr # 204$503K2 ba · 1,242 ft² · Sold $576K · Sep 2025
Closest homes
- 8831 Cypress Lakes Dr Unit 412$682K0 ft · 2 ba · 1,692 ft² · Sold $558K · Nov 2020
- 8831 Cypress Lakes Dr$765K0 ft · 2 ba · 1,576 ft² · Sold $2K · Jul 2026
- 8831 Cypress Lakes Dr Unit 300$569K0 ft · 2 ba · 1,287 ft² · Sold $477K · Oct 2020
- 8831 Cypress Lakes Dr Unit 212$682K0 ft · 2 ba · 1,692 ft² · Sold $572K · Nov 2020
- 8831 Cypress Lakes Dr Unit 204$503K0 ft · 2 ba · 1,242 ft² · Sold $576K · Sep 2025
- 8831 Cypress Lakes Dr Unit 202$476K0 ft · 2 ba · 1,287 ft² · Sold $563K · Jun 2024
- 8831 Cypress Lakes Dr Unit 200$569K0 ft · 2 ba · 1,287 ft²
- 8831 Cypress Lakes Dr$541K0 ft · 2 ba · 1,203 ft² · Sold Jan 1900
More homes in Raleigh 27615
- 10320 Grafton Rd$990K3 ba · 3,408 ft² · Sold $981K · Oct 2026
- 8708 Belford Valley Ln$300K2.5 ba · 1,360 ft² · Sold $290K · Oct 2026
- 8108 Bellingham Cir$415K2 ba · 1,228 ft² · Sold $400K · Oct 2026
- 7804 Milltrace Run$505K2.5 ba · 2,482 ft² · Sold $500K · Oct 2026
- 4628 Hidden Harbor Ln$1.2M3.5 ba · 4,305 ft² · Sold $1.1M · Oct 2026
- 6709 Ebon Ct$520K2.5 ba · 1,759 ft² · Sold $507K · Oct 2026
- 2324 Dahlgreen Rd$450K2.5 ba · 2,304 ft² · Sold $440K · Oct 2026
- 2412 Beechview Ct$1.2M3 ba · 4,787 ft² · Sold $1.1M · Oct 2026
- 6701 Millbridge Ct$475K2 ba · 1,564 ft² · Sold $475K · Oct 2026
- 6621 Tealbriar Dr$498K2.5 ba · 1,757 ft² · Sold $490K · Oct 2026
- 7909 Twin Oak Ct$365K1 ba · 1,022 ft² · Sold $355K · Oct 2026
- 8000 Morgans Way$850K3.5 ba · 2,943 ft² · Sold $885K · Oct 2026
Assigned schools
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