5505 Old Spring Dr

Raleigh, NC 27606

$180,000
Price
17,424 / 0.4
Lot Size / Acres
Get preapproved with Rocket Mortgage1
Pending
Pending
20260319020609294717000000-o
20260322214534847498000000-o
20260319020938625095000000-o

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.
  1. Listed by Misty Gonzalez • Daymark Realty

Property Details for 5505 Old Spring Drive

View
Yes
Subdivision
Heritage Spring Acres
LISTING UPDATED: 05/21/2026 10:02 PM

Property Details for 5505 Old Spring Drive

StatusPending
MLS #10163724
Days on Market63
Taxes$448 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size0.40 AC
CountyWake County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Daymark Realty
Add your commute

Building Information for 5505 Old Spring Drive

Lot Size0.40 AC

Payment Calculator

Get preapproved with Rocket Mortgage1

$934 per month

30 year fixed, 6.36% Interest

Principal and Interest

$897

Property Taxes

$37

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

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: 450000
  • Road Frontage Length: 105
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
May 21, 2026

Pending

TRIANGLEMLS #10163724

—
Mar 19, 2026

Listed (Active)

TRIANGLEMLS #10163724

$180,000—
DateEvent & SourcePrice
05/21/2026

Pending

TRIANGLEMLS #10163724

—
03/19/2026

Listed (Active)

TRIANGLEMLS #10163724

$180,000

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 0008203

Schools near 5505 Old Spring Drive

This home is within Wake County School District.
Rating
School
Type
Grades
Distance
Yates Mill Elementary
Public - PK to 5
Dillard Drive Middle
Public - 6 to 8
Athens Drive High
Public - 9 to 12
SCORE Academy
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.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Daymark Realty

Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use. Copyright 2024 Doorify MLS of North Carolina. All rights reserved.