$2,350,000
↓ $49K (2%)
●
House -
For Sale
360 Democracy Place
Apex, NC 27523
4 Beds
5 Baths,
2
Half Baths
5,138 Ft²
$12,568
Est. Monthly
$90
HOA / Fees
About This Property
Stunning 5100ft. multi-generational, custom home with private pool,
built on a waterfront lot in sought after Heritage Pointe in Apex!
Large 4+ acre lot with water views, water access and dock. Canoe,
kayak and fish in your pond! This home has an open floorplan,
main floor master and 2 more main floor bedrooms with ensuite
bathrooms, large great room, covered main level deck and covered
basement level patio. Full finished basement with separate
entrance, second kitchen, second master bedroom, exercise room,
craft/flex room, perfect for in-laws. Features high end appliances,
(granite, marble and quartz) counters, gourmet kitchen with hidden
walk in pantry. Large 3-bay garage and additional outside parking.
Truly a one of a kind property that is close to NC-540 and
Jordan Lake.
Unit Size
5,138 Ft²
Days on Market
122 days
Land Size
4.10 acres
Price per sqft
$457
Property Type
House
Property Taxes
$939
HOA Dues
$90
Year Built
-
Listed By
Michael Day
1 Red Shoe Realty
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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: 17 days ago (TMLS #10178079)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$2,350,000
↓ $49K
(2%) | |
| Price Decreased | |||
| Sep 17, 2026 | Price Decreased |
$2,399,000
↓ $66K
(2.7%) | |
| Price Decreased | |||
| Sep 9, 2026 | Price Decreased |
$2,465,000
↓ $25K
(1%) | |
| Price Decreased | |||
| Aug 6, 2026 | Price Decreased |
$2,490,000
↓ $85K
(3.3%) | |
| Price Decreased | |||
| Jul 3, 2026 | Listed by 1 Red Shoe Realty | $2,575,000 | |
| Listed by 1 Red Shoe Realty | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Concrete, Driveway, Garage
Garage Spaces: 3
Open Parking Spaces: 6
Interior Details
Half Bathrooms: 2
Full Bathrooms: 5
Interior Features: Bidet, Bookcases, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, In-Law Floorplan, Kitchen Island, Low Flow Plumbing Fixtures, Open Floorplan, Pantry, Walk-In Closet(s), Apartment/Suite, Keeping Room, Quartz Counters, Radon Mitigation, Walk-In Shower
Appliances: Built-In Electric Range, Built-In Gas Range, Built-In Range, Built-In Refrigerator, Dishwasher, Dryer, Electric Range, Microwave, Water Heater, Range Hood, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Washer/Dryer, Wall Oven
Flooring Type: Carpet, Luxury Vinyl, Tile, Wood
Laundry Features: Laundry Room, Lower Level, Multiple Locations, Upper Level
Rooms: 16
Has Fireplace
Fireplace Features: Gas Log, Living Room
Fireplaces: 1
Basement: Apartment, Daylight, Exterior Entry, Finished, Interior Entry, Walk-Up Access, Heated
Exterior Details
Square Footage: 5138
Architectural Style: Farmhouse, Traditional
Year Built: 2022
Building Area Total: 5138
Levels: Two
Construction Materials: Brick, Brick Veneer, Concrete
Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Patio, Porch, Screened
Pool Features: Fenced, Gunite, Heated, In Ground, Outdoor Pool, Private, Salt Water
Pool is Private
Lot Features: Pond on Lot
Lot Size Area: 4.1
Lot Size Units: Acres
Lot Size Acres: 4.1
Lot Size Square Feet: 178596
Water Source: Public
Financial Details
Tax Assessed Value: $1,604,777
Tax Annual Amount: $11,266
Utilities Details
Cooling Type: Central Air, Dual, Multi Units
Heating Type: Central, Fireplace(s), Propane
Sewer : Engineered Septic
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee: $1,082
HOA Fee Frequency: Annually
Condo/Coop Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Chatham
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Listed by: Michael Day, 1 Red Shoe Realty
Last Updated: 17 days ago
Data Source: TMLS, MLS# 10178079
Last Updated: 17 days ago
Data Source: TMLS, MLS# 10178079
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