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CondominiumResidential
$952,606$405 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 87How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $639,000 on Jul 20, 2020

8601 CYPRESS LAKES DR UNIT 505

RALEIGH, NC 27615
Building report
3
Baths
2,352 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
2008
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.

Valuation

$953K
$826K low$1.1M high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$639,000 · Jul 20, 2020

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,580 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$981,517 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$981,517
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$981,517
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$981,517

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.Central
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

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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%

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

How this home compares

8601 Cypress Lakes Dr Unit 505 measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 93% of homes in North Raleigh
  • Costs more per square foot than 98% of homes in North Raleigh
  • Bigger than 66% of homes in North Raleigh
  • Newer than 93% of homes in North Raleigh

What homes are worth in Raleigh 27615

Each bar is how many homes fall in that price range. The marker is this home.

This home
$216K$1.8M

This home is worth more than 86% of homes in Raleigh 27615.

How it measures up in Raleigh 27615

The dot is this home. The mark in the middle is the typical home in Raleigh 27615.

Estimated value$952,606
CheaperTypical $523,185Pricier

Pricier than 86% of homes nearby

Price per ft²$405
CheaperTypical $244Pricier

Pricier than 97% of homes nearby

Living area2,352 ft²
SmallerTypical 2,179 ft²Bigger

Bigger than 56% of homes nearby

Year built2008
OlderTypical 1986Newer

Newer than 93% of homes nearby

How 8601 Cypress Lakes Dr Unit 505 ranks against every home in each area.
MeasureThis homeNorth RaleighRaleigh 27615Wake County
Estimated valuepricier than$952,60693% of homes86% of homes91% of homes
Price per ft²pricier than$40598% of homes97% of homes96% of homes
Living areabigger than2,352 ft²66% of homes56% of homes59% of homes
Year builtnewer than200893% of homes93% of homes69% of homes

About 8601 Cypress Lakes Dr Unit 505

How much is 8601 Cypress Lakes Dr Unit 505, Raleigh, NC worth?

The TopHap Estimate for 8601 Cypress Lakes Dr Unit 505, Raleigh, NC is $952,606 as of Aug 30, 2026. The likely range is $826,118 to $1,079,094. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 8601 Cypress Lakes Dr Unit 505, Raleigh, NC last sell?

8601 Cypress Lakes Dr Unit 505, Raleigh, NC last sold on Jul 20, 2020 for $639,000, according to the county's recorded deed.

How big is 8601 Cypress Lakes Dr Unit 505, Raleigh, NC?

8601 Cypress Lakes Dr Unit 505, Raleigh, NC has 3 bathrooms and 2,352 square feet of living space.

When was 8601 Cypress Lakes Dr Unit 505, Raleigh, NC built?

8601 Cypress Lakes Dr Unit 505, Raleigh, NC was built in 2008, making it 18 years old. It is a condo/apartment home. The building has 1 story.

What schools serve 8601 Cypress Lakes Dr Unit 505, Raleigh, NC?

8601 Cypress Lakes Dr Unit 505, Raleigh, NC is assigned to Lead Mine Elementary School (elementary), rated B-; Sanderson High School (high), rated B-; Carroll Magnet Middle School (middle), rated C+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 8601 Cypress Lakes Dr Unit 505, Raleigh, NC compare to other homes in Raleigh 27615?

Among the 15,140 homes in Raleigh 27615, it is worth more than 86% of them ($952,606 against a typical $523,185), its price per square foot is higher than 97% of them ($405 against a typical $244), it is bigger than 56% of them (2,352 ft² against a typical 2,179 ft²) and it is newer than 93% of them (2008 against a typical 1986). Measured against all of Wake County, it is worth more than 91% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 8601 Cypress Lakes Dr Unit 505, Raleigh, NC?

The 2025 property tax bill for 8601 Cypress Lakes Dr Unit 505, Raleigh, NC was $8,580. The county assessed it at $981,517.

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