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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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401 Laurel Hill Rd , Chapel Hill, NC 27514
$2,985,000
Est. Payment: $15,382.32/mo
3 Bed
3 Bath
2862 Sqft
Status: active | Days on site: 119
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Prime Development Opportunity: 2.42 Acres in the Heart of Chapel Hill. Secure a once-in-a-generation canvas in one of Chapel Hill's most storied enclaves, Rocky Ridge Farm. Spanning 2.42 pristine acres, this expansive lot offers the rare scale and seclusion required for a landmark custom estate, all within walking distance of the UNC campus. *Unrivaled Acreage: Over 300 linear feet of frontage on Laurel Hill Road, characterized by a majestic canopy of stately oaks, hickories, and established evergreens creates a peaceful setting and habitat for deer, owls, foxes, hawks, and a variety of songbirds. .*A Natural Sanctuary: The property offers a level of privacy seldom found in the campus core, bordering the 67-acre UNC Outdoor Education Center with its extensive trail network of hiking and running trails, mountain bike paths, an 18 hole disc golf course, and tennis and volleyball courts. *University Atmosphere: It's an absolute delight to sit outside and listen to the quarter-hour chimes from the Bell Tower, the sounds of the Marching Tar Heels practicing and the eruption of sound from the football and baseball games. *Development Potential -Build-to-Suit Canvas: Whether you choose to renovate and add on to the historic 1939 Dr. Harold W. Brown house or redevelop the site entirely, the lot size easily accommodates a significant architectural expansion, a modern luxury estate, or a multi-structure compound. *Existing Infrastructure: The grounds currently feature a concrete pool and terraced gardens, providing a mature landscape foundation for new construction. *Historical Prestige: Located in Rocky Ridge Farm, one of the nation's first planned subdivisions designed by Dr. W.C. Coker, this is an opportunity to own a piece of North Carolina history while defining its future. Rarely does a contiguous 2.4-acre parcel become available in this location. Bring your architect and your vision to Chapel Hill's most significant residential opening. Whether you choose to restore the historic 1939 residence or start fresh with a modern architectural masterpiece, this is the ultimate canvas for a legacy home.

Highlights

Listed by Michele Burris , 919-619-1870 Local Market Realty, LLC , 919-442-8619. Triangle MLS, Inc. of North Carolina mls logo

Property Type

Residential

Lot/Acreage
2.42

Year Built

1939

County

Orange

Neighborhood

Rocky Ridge

Listing ID

10154602

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:3
  • Full Bathrooms:2
  • 1/2 Bathrooms:1
Appliances:Built-In Electric Oven, Dryer, Gas Cooktop, Ice Maker, Washer
Air Cond:Central Air,Electric
Fireplaces:Living Room,Wood Burning
Floor:Hardwood,Tile
Above Ground Sq Ft:2862
Below Ground Sq Ft:0
Basement:Concrete,Interior Entry,Unfinished,Walk-Out Access
Other:Bidet,Bookcases,Ceiling Fan(s),Eat-in Kitchen,High Speed Internet,Smooth Ceilings,Storage,Walk-In Shower,Office
Other:Public

Exterior Features

Lot:Back Yard,Front Yard,Garden,Gentle Sloping,Hardwood Trees,Landscaped,Native Plants,Private,Wooded
Lot Dimensions:300 x 237 x 259 x 187 x 472
Zoning:R-1
Roof:Shingle
Others:Garden,Rain Gutters,Enclosed,Glass Enclosed,Patio
Sewer:Public Sewer
Parking Features:Driveway,Paved
Principal Interest
$15,382
Taxes
$1,684

Home Price

$2,985,000

Loan Details

30 yrs
6.683%

Down Payment

20%
$597,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$15,382.32

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,382.32 $1,684.39 $0.00 $17,066.71
Yearly $184,587.83 $20,212.63 $0.00 $204,800.46
Total $5,537,635.02 $606,378.90 $0.00 $6,144,013.92

Today's Rates

30 Year

6.68%

20 Year

6.55%

15 Year

6.13%

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Market insight data is pulled from the same city as the listing being viewed (Chapel Hill, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information Not Guaranteed.
Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database.
©2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

Data last updated: 2026-08-02T03:27:34.000Z

© 2026 Triangle MLS, Inc. of North Carolina

MLS Logo - Triangle MLS, Inc. of North Carolina