Property summary
This exceptional investment opportunity presents three residential builder lots nestled within the prestigious Carolina Trace, a 24-hour gated golf community in Sanford, North Carolina. Located approximately 40 minutes south of Raleigh, this prime location offers convenient access to Raleigh, Fort Liberty, and Pinehurst. The lots are situated in a highly sought-after neighborhood, boasting an array of amenities including two Robert Trent Jones-designed golf courses, a sprawling 315+ acre private lake, swimming pools, a clubhouse, and tennis courts. Carolina Trace is renowned for its active lifestyle and has hosted significant golf events, including the Will Lowery Junior Championship. Each lot is ready for development, with water and sewer taps available at an $800 fee per lot. The area exhibits strong growth potential, with Lee County projecting a 14.1% increase in population between 2020 and 2030. New construction homes in the area average $200 per square foot, with custom homes commanding higher prices. This package deal presents a unique chance to capitalize on the thriving Sanford real estate market and the desirable Carolina Trace lifestyle. The specific addresses are 1486 Kentucky Ave, 1375 Tennessee Cir, and 3289 Edinburgh Dr, all in Sanford, NC 27332.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
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