📰 Market News
Cary Greystone home values rise 8.7% YoY as Green Hope school district demand stays strong
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SV
SV Realty IQ Cary · Triangle · NC
#2 Best Place
to Live
US News 2025
I-40 RALEIGH $1,850,000 ★ FEATURED CARY, NC $1,500,000 CHAPEL HILL $1,200,000 DURHAM $945,000 APEX $668,000 HOLLY SPRINGS $572,000 Active Listing Featured Listing Luxury ✦ REALTYIQ Live MLS · 2h ago
01 / 04
$428K
Median Price · Raleigh MSA
↑ +4.2% YoY
18
Avg Days on Market
↔ Stable
97.3%
List-to-Sale Ratio
↑ Seller Market
3.8%
Wake Co. Pop. Growth
↑ 2nd Fastest US
RTP
Best Tech Jobs · 300 Companies
↑ Expanding 2025
$428K
Median Price · Raleigh MSA
↑ +4.2% YoY
18
Avg Days on Market
↔ Stable vs Q4
97.3%
List-to-Sale Price Ratio
↑ Seller-favorable
+3.8%
Population Growth — Wake Co.
↑ 2nd fastest in US
3.2%
Unemployment Rate — Triangle
Below national avg

713 Greyhorne Way, Cary NC 27519

Greystone · Wake County · 0.23 acres · 4,101 sqft · Built 2014 · Greystone views · Listed by Hodge & Kittrell Sotheby's International Realty

Agent-Matched Client — Priya Subramaniam
This home matches your priorities: Greystone views, luxury estate, 6bd · $6M–$8M budget · RDU under 20 min
94%
Match Score
✦ 94% Match ● Active Listing
713 Greyhorne Way
Cary, NC 27519 · Greystone Estates · West Cary
🏡
🛋
🍳
🛁
🌿
+26
6
Beds
5
Baths
4,101
Sq Ft
0.23 ac
Lot
2004
Built
$1.50M
List Price
RealtyIQ Estimated Value
$1,150,000
Range: $1.35M – $1.25M · 87% data confidence
87%
✓ RealtyIQ estimate within 5.1% of list — 27519 market is competitive; comps support $1.35M–$1.25M range
Agent Market Summary
713 Greyhorne Way is an exceptional home in the Greystone Estates community by M/I Homes — fully established, sold-out, quiet tree-lined streets — one of West Cary's most family-oriented neighborhoods, prized for its school district and proximity to RTP.

Cary is consistently ranked among America's most livable cities. This home sits in the coveted Green Hope Elementary / Green Hope High School district — among the top school assignments in Wake County. RTP campus is a direct 15-minute drive via Hwy 55, and RDU International Airport is 11 miles via I-540. The in-law suite with separate entry, walk-in pantry, bonus room, and rec room make this ideal for multi-generational families. Market note: 27519 is very competitive — homes average 34 days on market.
Actions

The RTP Advantage

Research Triangle Park — 7,000 acres, 300 companies, best tech jobs in the Southeast · 15 min from this property

Major Employers Nearby
Fortune 500 tech campuses within 12 minutes of 713 Greyhorne Way
IBM Global
Cisco Systems
SAS Institute
Red Hat (IBM)
Lenovo Americas HQ
NetApp
Fidelity Investments
MetLife RTP
Biogen
Syneos Health
NC State (NCSU)
Duke University
UNC Chapel Hill
Elon University
NC A&T State Univ.

Property Overview

713 Greyhorne Way · Greystone Estates · West Cary, NC 27519 · Agent-curated analysis sourced from MLS data, public records, and comparable sales

713 Greyhorne Way
Greystone Estates · Cary, NC 27519 · Wake County
5 bd · 4 ba
Beds & Baths
4,101 sqft
Living Area
0.23 ac
Lot Size
$1.50M
List Price
2004
Year Built
Strengths
What makes this property stand out
6 Key Points
Home & Construction
🏗
Custom Ange-Built Estate
Quality craftsmanship throughout 4,101 sq ft — generous room sizes, 1st-floor bedroom, entry foyer, study, mudroom, and utility room.
🏠
In-Law Suite with Separate Entry
Full in-law suite with kitchen and independent exterior entry — ideal for multi-generational living, au pair, or private guest quarters.
Location & Schools
🎓
Top-Rated School District
Green Hope Elementary, Davis Drive Middle School & Green Hope High School — one of the most sought-after school trios in Wake County.
📍
Cul-de-Sac Privacy in Greystone Estates
Quiet dead-end street in Greystone Estates — safe, family-oriented community with parks, greenways, and community lake nearby.
Lifestyle & Market Position
💼
RTP Commute Under 20 Min
IBM, SAS, Cisco, Red Hat, and Lenovo campuses all within 18–20 minutes. RDU International Airport 20 min via I-540.
📈
Strong Market Appreciation
Last sold Oct 2014 at $575K — current RealtyIQ estimate $1.15M reflects +161% appreciation. Cary ranked #1 Safest City in NC, top 10 in US.
!
Considerations
Honest points to review before making an offer
5 Items
Pricing & Market
List Price 5.1% Above RealtyIQ Estimate
List $1.50M vs RealtyIQ estimate $1.15M. The 27519 market is competitive — homes average 34 DOM and sell near list. Moderate negotiation room.
🕐
Prior Sale: $575K in Oct 2014
Current list reflects strong +161% appreciation over 4 years. Verify this is supported by the latest comp data before making an offer.
Property & Ownership Costs
🔧
20-Year-Old Home — Inspect Systems
Built 2014 — budget to verify HVAC (15–20 yr lifespan), roof age, water heater, and electrical panel before closing.
🏦
Annual Carrying Costs
Property tax est. $5,800/yr · HOA $1,200/yr · Maintenance for 4,101 sqft typically $14K–$20K/yr.
🚗
Car-Dependent Location
Walk Score 28/100 — suburban West Cary requires a vehicle for most errands. No transit service at this location.
RealtyIQ Data Analysis — sourced from Triangle MLS, Wake County Assessor, GreatSchools.org, and Redfin market data, curated by your SVRealtyIQ agent. All figures should be verified with an independent inspector prior to closing. This is not a formal appraisal. Housing data presented in compliance with Fair Housing Act guidelines.

Schools

Assigned public schools for 713 Greyhorne Way · Mills Park district · Greystone · Wake County Public Schools

B+
Green Hope Elementary
K–5 · Public · Assigned · Wake Co.
GreatSchools 7.4 / 10
2.0 mi · 603 students
B
Davis Drive Middle School School
6–8 · Public · Assigned · Wake Co.
GreatSchools 6.6 / 10
2.0 mi · 997 students
A
Green Hope High School
9–12 · Public · Assigned · Wake Co. · Opened 2019
GreatSchools 9+ · #4 Best Public HS in NC — Niche 2025
2.0 mi · 2,324 students · 83% math · 89% reading proficiency
A+
Green Hope High School
9–12 · Public · 4.2 mi · Option
GreatSchools 9.0 / 10 · Award-winning
Top-rated in Wake County · STEM
A
NC State University
University · R1 Research · 16 mi
Top 10 Engineering — US News
Centennial Campus · 35,000+ students
A
Duke University
University · Private · Durham · 22 mi
Top 12 National — US News
Medical + Research powerhouse
A
UNC Chapel Hill
University · Public Ivy · Chapel Hill · 19 mi
Top Public University — US
Kenan-Flagler Business School
A
Elon University
University · Private Liberal Arts · Burlington · 48 mi
#1 Regional University South — US News
Award-winning undergraduate experience
A
NC A&T State University
University · HBCU · Greensboro · 58 mi
Largest HBCU in the US · Top STEM Research
Engineering · Agriculture · Business

Nature & Farms Around

Natural escapes, local farms & fresh-air destinations near 713 Greyhorne Way · Greystone Estates, Cary NC 27519

🌽
Phillips Farms of Cary
1.8 mi · 6701 Good Hope Church Rd · 27519 · Same ZIP
U-Pick Strawberries Corn Maze Pumpkins Christmas Trees
Family farm in operation 100+ years. Pony rides, petting zoo, apple cannons, wagon rides, and haunted farm in fall. Green Hope Elementary PTA partner — beloved by Greystone Estates families.
★ 4.0
🥬
Jean's Neighborhood Market
2.1 mi · West Cary · Local & Organic
Farm-Fresh Produce Local Vendors Organic
Community neighborhood market connecting West Cary families with local farmers, organic produce, and artisan goods. A true hyperlocal gem that Greystone Estates residents frequent weekly.
★ 4.7
🌿
SV Farms NC
West Cary · Local Family Farm
Seasonal Produce Farm Fresh Community Farm
Local family-operated farm serving the Cary-Morrisville corridor with fresh seasonal vegetables, herbs, and farm goods. Supporting the community-to-table movement in western Wake County.
★ 4.8
🌳
Hemlock Bluffs Nature Preserve
3.2 mi · 2616 Kildaire Farm Rd · Cary
Hemlock Forest Hiking Trails Nature Center
One of the Triangle's most prized nature preserves — ancient hemlock forest on the Swift Creek bluffs. 150 acres of old-growth trees, 3 miles of trails, and a nature center. Rare ecological gem.
★ 4.9
🦆
Fred G. Bond Metro Park
3.5 mi · 801 High House Rd · Cary
Lake Fitness Canoe & Kayak Amphitheatre
Cary's largest park — 310 acres surrounding Lake Crabtree with a fitness circuit, paddle boat rentals, walking trails, sports fields, and the Koka Booth Amphitheatre for live music. A Greystone family staple.
★ 4.8
🛶
Lake Crabtree County Park
4.0 mi · Morrisville · Wake County
Mountain Biking Fishing Boat Launch
208-acre lake surrounded by 7+ miles of mountain biking and hiking trails. Boat and kayak rentals, fishing piers, picnic shelters, and one of the Triangle's best beginner mountain bike tracks.
★ 4.7
🌻
Cary Community Garden & Greenways
On-site · Greystone paved trails connect
Paved Walking Trails Greenway Network Community Garden
Greystone Estates' on-site paved walking trails connect directly into Cary's 870-mile greenway network. Stroll to the community pool or head out for a 5-mile loop — all within minutes of 713 Greyhorne Way.
★ 4.9
🌾
Apex Farmers Market
4.5 mi · Apex · Saturdays year-round
Local Produce Artisan Goods Saturday Market
Award-winning weekly farmers market in downtown Apex — local vegetables, honey, cut flowers, baked goods, and handcrafted items. A Saturday morning tradition for West Cary and Greystone Estates families.
★ 4.8
🌿
Greystone Estates' greenest advantage
From Phillips Farms' strawberry fields a mile away to Hemlock Bluffs' ancient forest, the paved walking trails built into Greystone, and a 100-year-old family farm in the same ZIP code — 713 Greyhorne Way places you in one of Wake County's most nature-connected residential communities without sacrificing a minute of urban convenience.

Why Cary, NC

Life in the Triangle's most celebrated address

🏆
Consistently America's Best

Cary has earned its reputation as one of the finest places to live in the United States — not once, but year after year. Money Magazine, Niche, and US News have all placed it among the nation's top communities, citing an extraordinary blend of safety, schools, prosperity, and quality of life that few cities anywhere can match.

🌆
Where the Triangle's Best Live

Cary sits at the heart of the Research Triangle — equidistant from Raleigh's capital skyline, Durham's innovation districts, and Chapel Hill's world-class universities. Its tree-lined neighborhoods, pristine greenway network spanning over 870 miles of trails, and immaculate planning make it the address that executives, physicians, and tech leaders choose when excellence is the standard.

💼
The Economic Engine Next Door

Cary borders Research Triangle Park directly — a 7,000-acre innovation campus home to over 300 global companies including SAS Institute (headquartered here), Cisco, IBM, Lenovo's Americas HQ, and Red Hat. The result is a sustained, recession-resilient luxury real estate market with some of the strongest long-term appreciation dynamics in the Southeast.

🌿
Refined Living, Natural Beauty

From the paved walking trails winding through Greystone — connecting directly to 713 Greyhorne Way — to Hemlock Bluffs Nature Preserve's ancient hemlock forest, Fred G. Bond Metro Park's 310 acres on Lake Crabtree, Phillips Farms' 100-year family tradition one mile away, and Jean's Neighborhood Market, Cary offers a lifestyle that is as rooted in nature as it is in community. It is, simply put, one of the most complete places to call home in America.

Investment Intelligence

RealtyIQ equity analysis · ROI projections · Rental yield estimates for 713 Greyhorne Way

📈 Appreciation History
+161%
Since last sale (Oct 2014 · $575K → $1.5M est.)
2020
+4.2%
2021
+18.6%
2022
+12.1%
2023
+8.3%
2024
+9.8%
2025
+8.7%
🔭 5-Year Equity Projection
$1.65M
Conservative (4%/yr)
$1.82M
Base case (7%/yr)
$2.08M
Optimistic (10%/yr)
27519 ZIP has averaged 8.7% annual appreciation over 5 years. RTP job growth and Green Hope school premium expected to sustain above-market gains.
🏘 Rental Yield Estimate
$6,800
Est. monthly rent
5.4%
Gross yield
3.8%
Net yield (est.)
Based on comparable 5bd/4.5ba Greystone rentals Q1 2025. Greystone commands a 12% rental premium vs. wider 27519 due to school assignment and community pool & clubhouse.

Property Timeline

Ownership history · Price changes · Permits · MLS activity for 713 Greyhorne Way

2025
Active Listing — $1,500,000
Listed via Hodge & Kittrell Sotheby's International Realty · MLS #10157700 · Kitchen renovation complete · 3-car garage, community pool & clubhouse, tree-lined street
2024
Major Renovation — Kitchen
Full chef's kitchen with center island: new cabinetry, countertops, appliances. Permit #2024-WC-04821 · Wake County Building Inspections · Est. value-add: $45K–$65K
2019
Sold — $574,918 Oct 29, 2014
Arms-length transaction · Previous owners occupied 8 years · Conventional financing · No known liens or encumbrances at time of sale
2011
Built — Original Construction
Custom-built home · Greystone Estates · Wake County Certificate of Occupancy issued · 4,101 sqft · 5 bed / 4 bath · 3-car garage · Double-sided stone fireplace

Cost of Ownership

Full annual carrying cost breakdown at $1,500,000 list price · Wake County · 20% down · 6.8% rate

🏦
Monthly Mortgage
$5,990
$920K loan · 30yr fixed · 6.8%
🏛
Property Tax
$650/mo
$5,800/yr · Wake Co ~0.55%
🏘
HOA Dues
$100/mo
$1,200/yr · Includes pool
🛡
Homeowner Insurance
$275/mo
Est. $3,300/yr · 4,101 sqft
🔧
Maintenance Reserve
$250/mo
1% of value/yr · Standard practice
📊
Total Monthly Cost
$9,157
$85,860/yr · 20% down = $230K
Agent's Note: At $9,157/month all-in, this property runs about $2,100/month more than a comparable 4bd/3ba at $1.1M — but the Green Hope school premium, 3-car garage, and gourmet kitchen with granite and center island add lasting resale value. Buyers trading up from the $575K–$1.1M tier in 27519 will find this is a financially sound step.

Commute Intelligence

Drive times from 713 Greyhorne Way · Greystone · Peak hours (7:30–9:00am) via Google Maps avg

💼
Research Triangle Park (RTP)
IBM · SAS · Cisco · Lenovo · Red Hat · NetApp
12
min off-peak
18
min peak hour
Via Green Level Church Rd → Hwy 55 N
RDU International Airport
11 miles · Direct flights to 50+ destinations
16
min off-peak
24
min peak hour
Via I-540 E → Aviation Pkwy
🌆
Downtown Raleigh
State Capitol · Fayetteville St · Warehouse District
22
min off-peak
34
min peak hour
Via I-540 E → Wade Ave · or US-1 N
🎓
NC State University
Centennial Campus · Engineering · STEM research
19
min off-peak
28
min peak hour
Via I-540 E → Western Blvd
🏥
WakeMed Cary Hospital
Level II Trauma · Emergency · Specialists
8
min off-peak
12
min peak hour
Via Green Level Church Rd → Cary Pkwy
🏙
Durham · Duke University
Duke Health · Duke Fuqua · Bull City tech
28
min off-peak
42
min peak hour
Via I-40 W → NC-147 N

Buyer Profile Match

Agent-matched client profiles ranked by property fit · Powered by RealtyIQ client intelligence

PP
The Patel Family
RTP Tech Executive · Relocating from NJ
94%
Match
Why this home fits
✓ Green Hope schools ✓ RTP 15 min ✓ 5bd for family ✓ Cul-de-sac safety ≈ Budget $1.4M–$1.6M
🟢 Active buyer · Pre-approved $1.55M
MC
Marcus & Julia Chen
SAS Institute · Cary residents upgrading
88%
Match
Why this home fits
✓ 3-car garage ✓ gourmet kitchen ✓ Same school district ≈ Slightly above $1.35M max
🟡 Warm · Needs motivation · Showed 3 comps
PS
Priya & Dev Sharma
IBM RTP relocation · Arriving Q3 2025
79%
Match
Why this home fits
✓ New construction feel ✓ Top schools ✗ Prefers 6bd ≈ Budget $1.2M–$1.5M
🔵 Relocation · Viewing remotely · Virtual tour requested

Offer Intelligence

Agent-curated negotiation strategy for 713 Greyhorne Way · Based on comps, market velocity, and seller motivation

🎯 Recommended Offer Range
$1,470K
Starting anchor
$1,490K
Target close
$1,500K
Max / list price
27519 is very competitive — homes average 34 DOM and 98.5% list-to-sale. Come in strong. The gourmet kitchen with granite and center island, 3-car garage, and Green Hope school premium support the full list price. Shagbark Ln active comp at $1.35M is smaller — use it as context, not leverage.
⚡ Winning Tactics
1
Escalation clause — offer $1,475K with escalation to $1,500K in $2,500 increments above competing bids. Signals intent without overexposing.
2
Short inspection window — 7-day inspection vs standard 14. Shows confidence. Sellers in Greystone Estates respond to clean, fast offers.
3
Flexible closing date — offer seller choice of 30 or 45 days. This costs nothing and removes friction.
4
Pre-approval letter included — attach with offer. Sellers prefer certainty. Strong lender letter (not pre-qual) is non-negotiable at this price tier.
5
Personal letter — optional but effective in Greystone Estates. Family community; sellers often prefer buyers who value the schools and neighborhood as they did.

Agent's Local Intelligence

James Rivera · NC License #276431 · Greystone specialist · 11 transactions in 27519 in the last 24 months

JR
James Rivera
Senior Agent · SVRealtyIQ · NC #276431
11 closings in 27519 · $14.2M volume 2024 · 4.9★ client rating
"Greystone is one of the most consistent performers in the Triangle. The combination of Green Hope schools, the tree-lined street layout, and the Hwy 55 corridor access creates the rare trifecta buyers in the $1.3M–$1.7M range are actively hunting. I've sold four homes on Greyhorne Way specifically — the street has exceptional retention because once families get in, they don't leave. This listing is well-priced; at $366/sqft with a gourmet kitchen, buyers who hesitate will likely lose it."
🏘
Neighborhood Character
Greystone attracts RTP tech families, dual-income households, and professionals from IBM, SAS, Cisco, and NC State. Known for its clean environment, walkability, safety, and top-rated schools — neighbors are long-term (7–12 year average tenure). The HOA actively maintains the pool, clubhouse, trails, and parks. Block parties, school fundraisers, and community events run throughout the year — it's a genuinely engaged neighborhood.
📅
Best Time to Show
Saturday 10am–1pm catches the best natural light through the double-sided fireplace and front porch. The community pool & clubhouse is most visible and impressive in spring/summer mornings — a strong emotional selling point for families.
Buyer Caution Points
HVAC units are likely original (2014) — budget $12K–$18K for replacement in the next 2–4 years. Roof is 14 years old; inspect before closing. These are standard items at this age and shouldn't deter — factor into negotiation if found.

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Market Intelligence

Triangle Real Estate News

Local market updates, RTP growth stories, and positive trends shaping West Cary & the broader Triangle

View all market reports →
All
Cary
RTP
Raleigh
Apex
Wake County
Market Data
Cary ABC11 WTVD · May 15, 2026
🏆 Cary Named #1 Best Place to Live in North Carolina — Niche 2026 Ranking · Morrisville #3, Apex #4
↑ #1 in NC 2026 Top scores: Schools · Families · Health
RTP Triangle Business Journal · Apr 2025
Apple Selects RTP Campus for AI Research Expansion — 1,200 New Tech Roles Expected
↑ Demand catalyst
Apex Niche · Mar 2025
Apex Earns #1 Best Suburb in NC for Third Straight Year — Prices Up 7.2%
↑ +7.2% YoY
Wake Co WRAL News · May 2025
Wake County Adds 61 New Residents Every Day — Triangle Tops US Relocation Rankings
61/day growth
Raleigh US News · Jan 2025
Raleigh-Durham Ranked #3 Best Place to Live in America — Beats Austin, Denver
#3 National
Triangle
TMLS Report Q1 2025

Triangle Luxury Market ($1M+) Sees 22% Volume Jump — Highest Q1 on Record

High-end buyers from NYC, San Francisco, and Chicago are choosing the Triangle at unprecedented rates, drawn by North Carolina's favorable tax climate and the region's growing tech ecosystem.

Cary 🎓
RealtyIQ Research Apr 2025

Homes in Green Hope District Command $85K Premium Over Similar Wake County Properties

A new analysis confirms that assignment to Green Hope High School — rated A+ by Niche and 10/10 by GreatSchools — adds a measurable and sustained premium to home values in the 27519 ZIP.

$428K
Raleigh MSA Median
↑ +4.2% YoY
18
Avg Days on Market
↔ Stable
98.5%
List-to-Sale Ratio
↑ Near Ask
$366
$/sqft Greystone
↑ +8.7% YoY
Cary ABC11 WTVD · May 15, 2026
🏆 Cary Named #1 Best Place to Live in North Carolina — Niche 2026 · Morrisville #3 · Apex #4 · Top Grades in Schools, Families & Health
#1 in NC · 2026
RTP TBJ · Mar 2025
SAS Institute Breaks Ground on $350M RTP Campus Expansion — Cary Workforce Set to Grow
Jobs catalyst
Wake Co News & Observer · Apr 2025
$1.2B I-540 Extension Fully Opens — Cutting Cary-to-Durham Commute to Under 25 Minutes
Connectivity win
Cary SafeWise · 2025
Cary Earns #1 Safest City in NC for Sixth Consecutive Year — Crime Rate Among Lowest in Southeast
#1 Safest in NC

✦ News summaries are RealtyIQ-curated from public sources including WRAL, Triangle Business Journal, News & Observer, Niche, US News, and Wake County public records. Not investment advice. All housing data Fair Housing Act compliant.