5500 Novaglen Road, Durham, NC 27712

Local realty services provided by:Better Homes and Gardens Real Estate Paracle
5500 Novaglen Road,Durham, NC 27712
$895,000
  • 19.74 Acres
  • Lots / Land
  • Active
Listed by: bill marlowe
Office: mcv realty, llc.
MLS#:10119287
Source:RD

Price summary

  • Price:$895,000

About this home

Excellent investment opportunity in Durham, NC! This +/-10 lot subdivision proivdes by-right development for single-family well and septic lots in Durham County, NC on approximately 20 acres. Novaglen Road will need to be extended with an estimated cost of ~$500,000. Erosion control permits and DOT approval for the road construction were recently issued, so the property is ready for development! This offers residential developers a unique opportunity in a rapidly growing North Durham submarket with a strong demand for large-lot residential homes. This property allows for devleopers and homebuilders to capitalize on an incredibly strong residential sales market fueled by a lack of re-sale supply and a general lack of large lot single-family homes. Resale volume for existing product within nearby Treybutn has been strong with 34 sales in the last 12 months at prices up to $1,025,000. Overall new constructionhas been limited due to lack of supply, however, The View which

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Home facts

  • Listing ID #:10119287
  • Added:113 day(s) ago
  • Updated:December 19, 2025 at 04:14 PM

Structure and exterior

  • Lot area:19.74 Acres

Schools

  • High school:Durham - Northern
  • Middle school:Durham - Lucas
  • Elementary school:Durham - Little River

Utilities

  • Water:Need Well
  • Sewer:Septic Available, Septic Needed

Finances and disclosures

  • Price:$895,000
  • Tax amount:$27
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