4720 Cleveland Rd Smithfield, NC 27577
Cleveland NeighborhoodEstimated payment $2,956/month
Highlights
- 5.28 Acre Lot
- Partially Wooded Lot
- No HOA
About This Lot
Prime 5.28-Acre Development or Private Estate Opportunity - Cleveland Road, Smithfield, NC
Welcome to 4720 Cleveland Road, a rare 5.28-acre tract offering a unique blend of privacy, flexibility, and prime location in one of Johnston County's fastest-growing corridors. Whether you envision a private dream home sanctuary, a thoughtfully planned residential community, multifamily development, or general business use, this property delivers exceptional versatility.
Enjoy the serenity of acreage living while remaining just 7 minutes from Downtown Clayton and 10 minutes from Downtown Raleigh, perfectly positioning this site between two of the Triangle's most dynamic markets. With quick access to I-40 and I-540, the property provides seamless connectivity to Raleigh, Garner, RTP, and beyond — ideal for commuters, residents, and future tenants alike.
For builders and developers, this site presents a highly attractive opportunity with strong market demand, surrounding residential growth, and expanding commercial activity supporting long-term value. The acreage, location, and zoning flexibility allow for efficient site planning, multiple product types, and the ability to respond to today's buyer and renter preferences.
For an end user, this property is equally compelling as a private estate or luxury homestead, offering the rare opportunity to create a secluded retreat while remaining close to top schools, shopping, dining, and employment centers.
Whether you envision a single-family community, a private luxury residence, a multifamily project, or a mixed-use/business concept, this versatile acreage delivers location, scale, and growth potential in one powerful package.
Highlights:
5.28 acres on Cleveland Road
Ideal for a private dream home sanctuary or development
Minutes to Downtown Raleigh & Clayton
Easy access to I-40 & I-540
Strong surrounding growth and demand
Residential, multifamily, or general business potential
High-growth, high-demand market
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,165
Lot Details
- 5.28 Acre Lot
- Lot Dimensions are 315x513x495x260x198x205
- Property fronts a state road
- Partially Wooded Lot
- Property is zoned RAG
Schools
- Polenta Elementary School
- Swift Creek Middle School
- Cleveland High School
Utilities
- Septic Needed
- Phone Available
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 06H06014T
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,165 | $183,480 | $183,480 | $0 |
| 2024 | $594 | $73,390 | $73,390 | $0 |
| 2023 | $496 | $183,580 | $183,580 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/26/2026 01/26/26 | For Sale | $550,440 | +205.8% | -- | |
| 12/15/2023 12/15/23 | Off Market | $180,000 | -- | -- | |
| 06/06/2023 06/06/23 | Sold | $180,000 | -14.2% | -- | View Prior Sale |
| 04/23/2023 04/23/23 | Pending | -- | -- | -- | |
| 03/27/2023 03/27/23 | Price Changed | $209,900 | -4.5% | -- | |
| 03/02/2023 03/02/23 | For Sale | $219,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,000 | None Listed On Document |
Source: Doorify MLS
MLS Number: 10143098
APN: 06H06014T
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