$64,900
↓ $10K (13.4%)
●
Land -
For Sale
2027 Long Point Trail
Sanford, NC 27332
Studio
0 Bath
$319
Est. Monthly
About This Property
Discover the perfect place to build in the gated community of
Carolina Trace with this 0.58-acre homesite located in the
desirable South Landing section. Offering one of the larger lots
currently available, this property provides plenty of room to
design and build your ideal home while enjoying the privacy and
natural surroundings the community is known for. Residents of South
Landing enjoy access to a private neighborhood pool and marina,
along with the added comfort of 24-hour gated security. Carolina
Trace spans over 2,500 acres of scenic landscape featuring creeks,
ponds, rolling hills, walking trails, and the 315-acre Lake Trace,
perfect for boating, kayaking, and fishing. The community is also
home to two Robert Trent Jones-designed championship golf courses,
a pro shop, and a member-owned country club. Conveniently located
within a short drive to Fayetteville, Cary, Apex, Pinehurst, and
Raleigh, this property offers both tranquility and accessibility.
Walk the lot and imagine the possibilities! The adjacent 0.63-acre
lot is also available, creating an opportunity to own nearly 1.21
acres combined.
Unit Size
-
Days on Market
231 days
Land Size
0.58 acres
Price per sqft
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Property Type
Land
Property Taxes
-
HOA Dues
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Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (TMLS #LP758601)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 25, 2026 | Price Decreased |
$64,900
↓ $10K
(13.4%) | |
| Price Decreased | |||
| Mar 9, 2026 | Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | $74,900 | |
| Listed by COLDWELL BANKER ADVANTAGE #5 (SANFORD) | |||
| May 12, 2023 | Sold | ||
| Sold | |||
| Mar 3, 2023 | Listed by Keller Williams Legacy | $40,000 | |
| Listed by Keller Williams Legacy | |||
| | |||
|
If you are looking for a larger lot to build on, this lot is PERFECT for you - one of the BEST in Carolina Trace! This .67 acre lot is waiting for your dream home. PRIVATE wooded lot on quiet cul-de-sac with a secluded back area. South Landing offers a private swimming pool & marina! GATED community-24 hour security. Carolina Trace covers 2,500 acres with creeks, ponds, rolling hills, walking trails, 315 acre Lake Trace for boating, kayaking, & fishing. Two 18 hole championship golf courses (Robert Trent Jones World Class), pro shop, member owned country club! Short drive to Fayetteville, Cary, Apex, Pinehurst and Raleigh. Welcome home to your own paradise! Come and walk this beautiful lot today! Adjacent lot at 2028 Long Point Trail can be purchased with this lot for more space. (1.012 acres)
| |||
Property Highlights
Exterior Details
Lot Features: Interior Lot, Level, Wooded
Lot Size Area: 0.58
Lot Size Units: Acres
Lot Size Acres: 0.58
Lot Size Square Feet: 25264.8
Comparables
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ft²
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HOA + Taxes
About Lee
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: CHRIS TACIA, COLDWELL BANKER ADVANTAGE #5 (SANFORD)
Last Updated: 4 months ago
Data Source: TMLS, MLS# LP758601
Last Updated: 4 months ago
Data Source: TMLS, MLS# LP758601
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