1301 Cosmic Drive
About This Property
Welcome to Stella View by Lennar, Durham's newest master-planned community, nestled among serene woodlands and ideally located just minutes from US-70. The Landrum is a thoughtfully designed two-story home that blends timeless charm with modern comfort, offering over 2,700 square feet of flexible living space.
Upon entry, you're greeted by a formal dining room, perfect for entertaining guests or hosting family gatherings. The open-concept main living area features a gourmet kitchen with 42'' cabinets, quartz countertops, tile backsplash, and stainless steel appliances, flowing seamlessly into the great room and screened porch for effortless indoor-outdoor living. A private first-floor guest bedroom with full bath provides an ideal retreat for visitors or a flexible home office space.
Upstairs, the home offers a spacious game room and three secondary bedrooms, while the luxurious owner's suite includes a walk-in closet and private bath, creating a true sanctuary. Every corner of the Landrum has been designed for comfort, style, and everyday practicality.
Stella View offers a vibrant amenity-rich lifestyle, including a saltwater pool with cabana, dog park, tot lot, play lawn, and an all-weather walking trail, all designed to enhance leisure, wellness, and community living. Low-maintenance vinyl siding and thoughtful design details make this home as practical as it is beautiful.
The community's prime location puts residents near Brier Creek Shopping Plaza, Falls Lake Recreation Area, Falls Village Golf Club, and The Crossings Golf Club. Commuters enjoy easy access to US-70, US-98, and I-885, providing quick routes to Research Triangle Park and other key destinations.
Currently under construction, the Landrum at Stella View offers a perfect combination of modern design, functional living, and an amenity-rich lifestyle in Durham, NC. Photos and virtual tours are for illustrative purposes only; final finishes may vary.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 13, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| Aug 5, 2025 | Listed by Lennar Carolinas LLC | $499,805 | |
| Listed by Lennar Carolinas LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017