721 King Street · Cary, NC 27513
Cary, NC 27513 · Oakwood Heights
$345,000
3
Bedrooms
3
Bathrooms
1,712
Square feet
0.32
Acres
1975
Year built
721 King StreetActive
Highlights
- Downtown Cary
- High Efficiency Condensing Furnace
- Smart Thermostat
- Tankless Natural Gas Water Heater
About this home
Prime Downtown Cary Renovation Opportunity in Oakwood Heights! Bring your vision and your contractor to this rare fixer-upper located just blocks from the heart of Downtown Cary, Downtown Cary Park, Academy Street dining, breweries, and the Cary Train Depot. The heavy demolition is already behind you—the interior is largely gutted and ready for your custom layout and finishes.
Major value-adds already completed: 80% of the sub-flooring has been replaced, with extra structural reinforcement added beneath the kitchen and bathrooms. Plus, enjoy peace of mind on big-ticket mechanicals with an approximately 5-year-old HVAC system (furnace & central A/C) and a ~10-year-old roof. Whether you are an investor looking for your next high-ROI flip or an owner-occupant ready to design a custom home in one of the Triangle's most sought-after walkable neighborhoods, 721 King Street is a clean slate with massive upside.
Property is being sold strictly AS-IS; showings by appointment only. Agents, please read private remarks for additional disclosure items. The Good: Roof is ~10 Years Young with Architectural Shingles, 5 Year Old HVAC System with High Efficiency Condensing Furnace and Smart Thermostat, 80% of the Sub Floor was replaced with Floor Joists Replaced or Sistered in "heavy/wet" areas. Tankless Natural Gas Water Heater circa 2011. Partially gutted to save you time and money in your renovation efforts!
The Bad: Crawlspace could use a vapor barrier, the front steps have settled and need to be re-built or adjusted, some siding is deteriorated and needs to be replaced, some downspouts are missing from the gutters, the chain link fence is damaged in some areas, the retaining wall landscape timbers are deteriorated, and the home has Aluminum Wiring.
The Vibe: This was once a loved and cared-for family home that fell on hard times, but the potential is here for an incredible ranch in a highly-desirable area. The stage has been set, the debris has been cleared, and the house is ready to be transformed – just in time for the Spring market. Good bones and a blank slate! Come and make it yours today.
16 categories
Interior features
- Beamed Ceilings
- Ceiling Fan(s)
- Crown Molding
- Entrance Foyer
- High Ceilings
- Pantry
- Recessed Lighting
- Smart Thermostat
- Vaulted Ceiling(s)
- Walk-in Closet(s)
- Master Downstairs
Laundry
- Electric Dryer Hookup
- In Kitchen
- Washer Hookup
Flooring
- Concrete
- None
- See Remarks
- Wood
Windows
- Double Pane Windows
- Insulated Windows
- Screens
Exterior features
- Private Yard
- Rain Gutters
- Fenced Yard
Lot features
- Back Yard
- Gentle Sloping
- Native Plants
- Rectangular Lot
- Rolling Slope
- Sloped Down
- Sloped
- Hardwood Trees
- Partially Cleared
Fencing
- Back Yard
- Chain Link
- Fenced
- Full
Patio / Porch
- Covered
- Patio
- Porch
- Rear Porch
Style
- Ranch
- Tudor
Construction
- Board & Batten Siding
- Brick
- Wood Siding
Foundation
- Raised
- Crawlspace
Roof
- Asphalt
- Shingle
Utilities
- Cable Available
- Electricity Available
- Electricity Connected
- Natural Gas Available
- Natural Gas Connected
- Phone Available
- Sewer Available
- Sewer Connected
- Underground Utilities
- Water Available
- Water Connected
Water
- Public
Sewer
- Public Sewer
Courtesy of
- Office
- Compass — Raleigh
- Agent
- Steven Squires
- Phone
- 919-726-6548
Location
Cary Township · Wake County · Cary, NC
Property history
- Listed for saleSource:
Doorify MLS #10203055$345,000$202/sqft
Documents
1 floor plan · 1 document
Nearby listings
Near 721 King Street · Cary, NC 27513
Status
Living area
Price
Date range
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
How the price compares
Examining another house that is similar, nearby, and recently sold can help determine if the price of this home for sale is priced appropriately.
This home
$202
per sq ft
City of Cary
$260
median · this home is 22% below
Cary Township
$266
median · this home is 24% below
Wake County
$221
median · this home is 9% below
Updated
- Sold for
- $455,000
- Per sq ft
- $284
- Size
- 1,600 sq ft
- Lot
- 0.24 acres
715 White Oak Drive
Sold Sep 10, 2026
Sold for $110k more112 sq ft smaller$82 higher per sq ftFully finished and move-in ready
This sold listing is in the same neighborhood and provides a clear picture of what a completed home commands nearby. While 721 King Street gives you slightly more square footage and some major rough-in updates like reinforced subfloors and newer mechanicals, it is completely gutted inside and requires substantial finish work. In contrast, this home on White Oak Drive is move-in ready with a bright kitchen, updated primary suite, fresh flooring, and a screened porch. The significant price gap reflects the difference between a turnkey living space and a major renovation project.
Bottom line
721 King Street gives a buyer plenty of equity upside if they are ready to tackle a full interior build-out, but its lower price directly accounts for the extensive work needed to reach the level of this sold listing.
- Sold for
- $300,000
- Per sq ft
- $216
- Size
- 1,388 sq ft
- Lot
- 0.28 acres
125 Red Bud Court
Sold Aug 13, 2026
Sold for $45k less324 sq ft smaller$14 higher per sq ftDated fixer-upper condition
Both properties cater directly to buyers looking for a project in Oakwood Heights. This sold home on Red Bud Court went for less total money, but it is over 300 square feet smaller and has heavily worn interiors, including dated cabinetry, stained carpets, and exterior maintenance needs. 721 King Street is partially gutted, which actually saves significant demolition labor, and it already has reinforced subflooring in key areas along with a relatively young HVAC and roof. The additional space and prep work at 721 King Street justify the higher total price point.
Bottom line
Comparing two prime renovation candidates, 721 King Street appears fairly priced given its larger footprint and the head start it provides on major prep work.
- Sold for
- $585,000
- Per sq ft
- $299
- Size
- 1,956 sq ft
- Lot
- 0.26 acres
101 Bayoak Drive
Sold Aug 7, 2026
Sold for $240k more244 sq ft larger$97 higher per sq ftExtensively renovated luxury finishes
This sold listing is an immaculately updated two-story home featuring high-end quartz countertops, custom built-ins, and refinished hardwoods. By comparison, 721 King Street is a single-level ranch that currently sits down to the studs, needing drywall, flooring, kitchen cabinets, and bathrooms before it can be lived in. While single-story living generally carries strong appeal, the massive premium paid for this home on Bayoak Drive reflects its generous finished space and designer-level condition.
Bottom line
If you are looking for a completed, stylish residence, this property sets the standard, whereas 721 King Street is strictly for someone wanting to create their own custom dream home from scratch.
Take the next step
You’ve just seen more about this home than you will see anywhere.
What nearby homes sold for, the full listing history, the neighborhood numbers — that’s the homework we do on every home before you make a move.
- Whether the asking price holds up, and what to offer
- What it could become — staging, updates, and what they return
- What your own home would sell for, if a move means selling first
Pick any open time · Phone or video · Just looking is fine
Cameron Saemann
Broker in Charge
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.
Listings marked with an icon are provided courtesy of the Doorify MLS, Inc. of North Carolina, Internet Data Exchange Database.
Copyright 2025 Doorify MLS, Inc. of North Carolina. All rights reserved.
Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.