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    447 Luther Rd Apex, NC 27523

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    For Sale
    $1,070,000

    10.65 acres near Jordan Lake, ideal for estate or recreation.

    Property Features for 447 Luther Rd

    General Information

    Standard status
    Active

    Source: TOWN & COUNTRY REALTY, INC. Agent MIKE MONTPETIT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Secluded Land Near Jordan Lake

    This 10.65-acre property offers a secluded and private setting, situated just half a mile from Jordan Lake. The land is not subject to HOA restrictions. Adjacent to protected NC Gamelands, the property benefits from ensured privacy and a permanently undeveloped surrounding landscape. The land, previously used for pine tree harvesting 25 years ago, is now ready for new development. The surrounding area features estate homes on similar 10-acre tracts, providing a tranquil environment with no planned subdivisions. Outdoor recreation is readily accessible, with Crosswinds Marina and Farrington Point Boat Launch located 3 miles away. Potential uses for the property include building an estate home, developing a horse property, or creating a private pond. The property is currently unimproved, though underground electric is available at the corner. Note that the house visible in some photos is not part of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Restaurant Clothing Store HVAC Service Bakery Bed & Breakfast Plumbing Service Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apex
    County
    Wake
    State
    North Carolina
    Longitude
    -78.9573998
    Latitude
    35.7646571

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    FAQs

    What type of property is this?
    Land - 10.65 acres near Jordan Lake, ideal for estate or recreation.
    Where is this land located?
    The property is located at 447 Luther Rd Apex, NC.
    What is the asking price?
    The asking price for this property is $1,070,000.
    What are key features of this property?
    This property features: - 10.65 acres of secluded and private land near Jordan Lake.; - No HOA restrictions, offering freedom and flexibility.; - Adjacent to protected NC Gamelands, ensuring lasting privacy.
    Request Owner's contact information
    447 Luther Rd Apex, NC 27523
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    447 Luther Rd Apex, NC 27523
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