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3312 Milton Rd, Raleigh, NC, 27609

4beds
5baths
4,116sqft
$1,999,900
$486price/sqft
$12,335/moest. monthly cost
$493,400/yrincome needed

About This Home

A Tony Frazier design, custom built, inside the beltline home, proudly overlooking a cul-de-sac in the highly sought after Drewry Hills neighborhood. Completed in April '24, this home is like brand new barely lived-in and features: Built-in closet system. Site-finished oak hardwoods. Thermador chef's kitchen with 100 bottle wine column, 36" dual fuel stove/double ovens. Scullery pantry with sink. Custom built-in bookshelves. Outdoor Kitchen - piped gas grill, trash can, refrigerator, smoker. Two and a half car garage with finished floors. Media room pre-wired for sound system and ceiling projector. Wired speakers inside and outside with Sonos system for music or TV sound. Gas lanterns over garage. Built-in mudroom cubbies with sitting bench. Double desk work space with granite tops

Getting Around

44
WalkingCar-Dependent
32
TransitSome Transit
40
BikeSomewhat Bikeable

Schools

7/10
Root Elementary SchoolGrades PK-50.9 mi
7/10
Oberlin Middle SchoolGrades 6-81.6 mi
7/10
Needham Broughton HighGrades 9-122.7 mi

Construction

Condition

  • Year built: 2024

Materials

  • Foundation: Block,Brick/Mortar,Slab
  • Roof: Shingle
  • Construction materials: Brick,Brick Veneer,Fiber Cement,Frame,Glass,HardiPlank Type

Type & Style

  • Home type: SingleFamily
  • Architectural style: Modern, Tudor
  • Property subType: Single Family Residence,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2

Features

  • Bar,Bookcases,Built-in Features,Pantry,Cathedral Ceiling(s),Ceiling Fan(s),Crown Molding,Double Vanity,Dressing Room,Entrance Foyer,High Ceilings,Kitchen Island,Open Floorplan,Quartz Counters,Recessed Lighting,Room Over Garage,Separate Shower,Smart Camera(s)/Recording,Smart Home,Smart Thermostat,Smooth Ceilings,Soaking Tub,Vaulted Ceiling(s),Walk-In Closet(s),Walk-In Shower,Water Closet,Wet Bar,Wired for Data,Wired for Sound
  • Flooring: Carpet,Hardwood,Stone,Tile
  • Finished area below ground: 0
  • Finished area above ground: 4,116

Heating & Cooling

  • Heating features: None
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,116
  • Total interior livable area: 4,116 sqft

Property

Details

  • Parcel number: 170512863009000 0456650
  • Zoning: R-4
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Exterior features: Barbecue,Built-in Barbecue,Fire Pit,Gas Grill,Lighting,Outdoor Grill,Outdoor Kitchen,Rain Gutters,Smart Lock(s)
  • Has view: Yes

Lot

  • Lot size: 0.42 Acres
  • Lot size dimensions: 75 x 275

Parking

  • Total spaces: 3
  • Parking features: Garage - Attached
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Hail
Heat Wave

FEMA Declared Disasters in Wake County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $10,112$121,344
Home Insurance *$452$5,424
Property Taxes $1,388$16,656
Electricity $383$4,600
Total$12,335$148,020
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$422,914/yr
40% on housing$370,050/yr
45% on housing$328,933/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.6%
4.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$486This listing

vs Other Active Listings

Avg $/sqft

ZIP 27609$364
Wake County$220

vs Homes Sold Last Month

Median $/sqft

ZIP 27609$340
Wake County$224

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-04Price change$1,999,999
2026-07-23Listed for sale$1,999,900
2018-05-10Sold$240,000

For Sale by Agent

AgentCraig Tribus
BrokerageBEYCOME BROKERAGE REALTY LLC

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