Real Estate News

$284 per square foot: Custom Cary home sells for $1.5M (and other high-end closings)

5216 Milner Dr, Raleigh
5216 Milner Dr, Raleigh TMLS

New luxury homes with price tags over $1 million are finding buyers across the Triangle.

In Cary, a 5,345-square-foot house built in the 5200 block of Milner Drive sold on Sept. 18 for $1,517,000, or $284 per square foot.

Built in 2022, this is a two-story house in the Sanctuary at Yates Mill, where homes start at $1 million on .75-acre lots in the fast-growing suburb of Raleigh.

Across town in North Raleigh, a two-story house in the 700 block of Coventry Court sold on Sept. 18 for $1,550,000, or $365 per square foot.

The house, built in 2020, has an interior space of 4,244 square feet.

Here’s a quick look at some of the transactions our real estate artificial intelligence-tool found this week.

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Chantal Allam
The News & Observer
Chantal Allam covers real estate for the The News & Observer and The Herald-Sun. She writes about commercial and residential real estate, covering everything from deals, expansions and relocations to major trends and events. She previously covered the Triangle technology sector and has been a journalist on three continents.
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