Last Sold Price
17,424 Lot Size0.4 Acres
5505 Old Spring Dr, Raleigh, NC 27606

Description

Rare chance to own two neighboring parcels totaling over half an acre in a high-demand Triangle location. 5505 Old Spring Dr (.4 acre) is being sold together with the neighboring lot 5801 Heritage Springs Dr (.27 acre). Ideally situated just off Yates Mill Pond Road, you are minutes from the scenic Historic Yates Mill County Park and Lake Wheeler. Be in Downtown Raleigh or Downtown Cary in 15 mins, and only 20 minutes to RDU International Airport. Whether you choose to update the existing structure...Rare chance to own two neighboring parcels totaling over half an acre in a high-demand Triangle location. 5505 Old Spring Dr (.4 acre) is being sold together with the neighboring lot 5801 Heritage Springs Dr (.27 acre). Ideally situated just off Yates Mill Pond Road, you are minutes from the scenic Historic Yates Mill County Park and Lake Wheeler. Be in Downtown Raleigh or Downtown Cary in 15 mins, and only 20 minutes to RDU International Airport. Whether you choose to update the existing structure or explore a custom build-to-suit, this location offers the perfect balance of nature and urban convenience.
LISTING CLOSED: 06/11/2026 12:00 AM

  1. Listed by Misty Gonzalez • Daymark Realty

Property Details for 5505 Old Spring Drive

Status
MLS #
10163724
Taxes
$448 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Unimproved Land
Year Built
-
Lot Size
0.40 AC
View
Yes
Subdivision
Heritage Spring Acres

Location

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Building Information for 5505 Old Spring Drive

Lot Size0.40 AC

Payment Calculator

$433 per month

30 year fixed, 6.55% Interest

Principal and Interest

$395

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5505 Old Spring Drive

Summary
Location and General Information
  • Zoning: R-40W
  • Directions: From RDU - Follow I-40 East for approximately 11 miles, then take exit 293 to merge onto I-440 East/US-1 South/US-64 West toward Sanford/Cary. Continue for roughly 3 miles and take exit 98A for US-401 South/Tryon Road. Turn right onto SE Tryon Road and follow it for about 2 miles before turning left onto Lake Wheeler Road. Shortly after, turn right onto Simpkins Road, then make another right onto Old Spring Drive. The destination will be on your left.
  • Subdivision Name: Heritage Spring Acres
  • Latitude: 35.716482
  • Longitude: -78.705993
  • Road Frontage Type: Private Road
  • Road Surface Type: Dirt, Gravel
Taxes and HOA Information
  • Association: No
  • Tax Annual Amount: $447.72
  • City Limits YN: No
  • Lot Number: 33
  • Restrictive Covenants YN: Yes
Contract Information
  • Original MLS: Triangle MLS Inc
  • Property Leased YN: No
  • Years Owned: 1 or More Year(s)
  • Due Diligence Expiration Date: 2026-05-27
School Information
  • Elementary School: Wake County Schools
  • Middle Or Junior School: Wake County Schools
  • High School: Wake County Schools
Property
Lot Information
  • Lot Size Dimensions: New Survey Needed
  • Parcel Number: 078102752872000 0008203
  • List PriceAcre: 250000
  • Road Frontage Length: 105
  • Sold PriceAcre: 194500
  • Sold PriceList Price: 0.78
Property and Assessments
  • Photos Count: 3
  • Below Grade Finished Area Units: Square Feet
  • Senior Community: No
Utilities
  • Sewer: Septic Needed
  • Utilities: Electricity Available
  • Water Source: Public
  • Water_Sewer: Public, Septic Needed, Electricity Available
Interior and Exterior Features
Exterior Features
  • Pool Private: No
Interior Features
  • Interior: Electricity Available
Agent
Sale and Listing
  • Property Type: Land
  • Property Class Name: CrossProperty

Property History for 5505 Old Spring Drive

DateEvent & SourcePriceAppreciation
Jun 12, 2026

Price Change

TRIANGLEMLS #10163724

$100,000
Jun 11, 2026

Sold

TRIANGLEMLS #10163724

$77,800
May 21, 2026

Pending

TRIANGLEMLS #10163724

DateEvent & SourcePrice
06/12/2026

Price Change

TRIANGLEMLS #10163724

$100,000
06/11/2026

Sold

TRIANGLEMLS #10163724

$77,800
05/21/2026

Pending

TRIANGLEMLS #10163724

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5505 Old Spring Drive

Taxable ValueLand$70,000Additions-Total$70,000
Tax Record2025$448 ($37 / month)
Home Facts
Beds0Lot Size17,424 SqFtStyleMiscellaneous Vacant LandZoningR-40WCountyWAKEAPN0781.02-75-2872-000

Schools near 5505 Old Spring Drive

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Yates Mill Elementary
PublicPK to 5

Dillard Drive Middle
Public6 to 8

Athens Drive High
Public9 to 12

SCORE Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Daymark Realty

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