See Home Value
Cary 27511 MacGregor
403 Rutherglen Drive
$1,100,000
● Land - Off Market

403 Rutherglen Drive

Cary, NC 27511
bedrooms
Studio
bathrooms
0 Bath
$6,424
Est. Monthly
$9
HOA / Fees
1.15%
Cap Rate

About This Property

New Build Opportunity on a Street of Dreams in one of the most Coveted Golf Gourse communities in the Triangle. Bring your own builder/plans. Situated on the beautiful 15th Fairway, on the prestigious Rutherglen Drive - one will find new luxury builds lining the street... a mix of architectural styles, established hardwoods and peaceful tones. MacGregor Downs Country Club is one of the most established and elegant courses in the area, but still maintains an approachable presence. Golf membership is optional, and homeowners enjoy being in the heart of everything... Minutes from the acclaimed downtown Cary park, Regency Park, Lake Pine, Trails, Tennis, Pickleball, WholeFoods, Trader Joes, WakeMed Cary Hospital, Lifetime Fitness, Fenton Shopping and Restaurants. Amazing Highway Access. Pool Lot, with city water and sewer. Homesite lends itself to a basement home, and existing 3,500 sq ft structure is habitable, although land value is consistent with community ''tear down'' demand. Footprint for 6,400 sq ft home with 4-car garage has been templated. See MLS 10133995 for this presale concept, plus docs for survey, HOA covenants and MDCC information.
Unit Size
-
Days on Market
-
Land Size
0.76 acres
Price per sqft
-
Property Type
Land
Property Taxes
$890
HOA Dues
$9
Year Built
1983

Payment Calculator

Cap Rate Calculator

Last updated: 10 months ago (TMLS #10118957)

Price History

Date / Event Date Event Price
Feb 6, 2026 Sold
Sold
Jan 10, 2026 In contract -
In contract
Nov 20, 2025 Listed $4,725,000
Listed
Experience a Rare Presale Opportunity in one of Cary's most established & coveted neighborhoods- MacGregor Downs. Poised on the 15th Fairway and one of the most Elegant Streets in the community, this Proposed Concept blends Sleek Architectural Lines with Warmth and Livability—crafted for discerning buyers seeking more than just a house, but a Unique Statement of Design and Lifestyle. *BUYER MAY BRING THEIR OWN BUILDER, PLANS OR MODIFICATIONS. In this listing, collaborate with Mangum Design Build | Perdini - for a Truly One-of-a-Kind Property, featuring finishes that are exclusive to Europe and would otherwise not be available in the States. Unlike traditional luxury homes, a Mangum Residence is defined by Globally Sourced Finishes, as the builder travels throughout Europe for each project, to Select Exclusive Marbles, Hardwoods, and Architectural Elements, Direct from the Source - for an opportunity to incorporate the highest quality finishes, and an intentionally curated design component without the various layers of supply chain. These Directly Sourced Materials from Quarries and Ateliers, are integrated into each residence, offering a level of Authenticity and Distinction that Cannot be Replicated with Local Suppliers. The Result is a Home that feels Unique, Refined, and Timeless. For this residence, the builder will travel to the likes of Italy, Austria, Germany, Spain, Portgual & Greece for interior finishes. Spanning over 6,000 SF, the residence is designed with Expansive Indoor-Outdoor Living in mind. Floor-to-Ceiling Glass Opens the Main Living Spaces to the Surrounding Landscape, Flooding the Home with Natural Light, while creating a Seamless Flow Between Interior and Exterior. Every detail has been thoughtfully considered—from the Open Chef's Kitchen with Imported Cabinetry and Professional Appliances, to the Dramatic Living Room anchored by Hand-Selected Stone. Key Features Include: • Main Level, Casual Contemporary Inspired Living • Five Bedrooms and En Suite Baths, including a Primary Suite with Spa-Inspired Bath and Private Terrace • Professional-Grade Kitchen with Integrated Appliances, Custom Imported Cabinetry, and Scullery • Daylight, Walk-out Basement • Expansive Outdoor Living with Pool, Terrace, and Covered Entertaining Areas • Private Study, Fitness Room & Media Lounge, thoughtfully positioned for both privacy and flow • Four-Car Garage with Additional Storage for lifestyle needs • Sustainable Construction Methods combined with timeless materials for long-term value The Architectural Design balances Crisp Modern Lines with Warm Natural Finishes. Wide-plank European Oak and Limestone Flooring run throughout the home, Complemented by Marble Accent Walls and Artisan-Crafted Details. Each room is designed to frame views of the surrounding landscape, offering privacy while maintaining an open, airy character. The Primary Suite serves as a Private Retreat, featuring a Boutique-Style Dressing Room, Spa Bath with Book-Matched Marble, and Direct Access to the Pool Terrace. Guest Suites are equally well-appointed, offering comfort and privacy for family and visitors. Outdoor Spaces are an Extension of the Architecture. A Resort-Style Pool, Outdoor Kitchen, and Open Air Courtyard create an environment designed for both Entertaining and Quiet Reflection. Native landscaping enhances privacy while maintaining a low-maintenance lifestyle. This home is more than just a residence—it is a Curated Experience. For buyers seeking Exclusivity, Privacy, and Architectural Distinction, this is a Rare Offering in the Raleigh Market. Mangum builds only a handful of residences each year. They have bookings through 2027. This is one remaining placeholder for building in 2026. Minutes from the acclaimed downtown Cary park, Regency Park, Lake Pine, Trails, Tennis, Pickleball, Whole Foods, Trader Joes, WakeMed Cary Hospital, Lifetime Fitness, Fenton Shopping & Restaurants, plus Amazing Highway Access
Aug 30, 2025 Listed by Compass -- Raleigh $1,125,000
Listed by Compass -- Raleigh
Jun 4, 2025 Listed $1,150,000
Listed
Priced below tax value, this property offers the perfect opportunity for buyers seeking a home that is move-in ready now and endless potential for future renovations. Located in the prestigious MacGregor Downs Country Club, this 4-bedroom, 3.5-bath property sits on a prime lot with stunning views of the lush 15thfairway. This is your exclusive chance to remodel now or in the future, and transform a home to a gem, like many homeowners and investors have done in this neighborhood, as one of the area's most desirable ones! With a highly sought-after location and expansive backyard, this home is the perfect canvas for a luxurious renovation. Envision an open-concept living area with floor-to-ceiling windows showcasing breathtaking golf course views, a gourmet chef's kitchen, and a master suite oasis with a private terrace. Enjoy world-class amenities including a championship golf course, state-of-the-art clubhouse, tennis and pickleball courts, swimming pool, gym, fine dining, and more. Comparable remodeled homes in this exclusive community are achieving top market. Owner had done remodel blueprints and architect-designed remodel video, provided upon request. House rending is for illustration purpose only, to help buyers envision the potential. Seller can provide the complete set of files to the buyer at no additional cost once under contract.
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1990
  • Total Rooms: 10
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 1
  • Floor Count: 175
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,012
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,670
  • Total Building Area: 3,561
  • Building Area: 3,561
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,561
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: QUEENSFERRY WEST
  • Land Acres: 0000000750
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LO91 QUEENSFERRY W A PT MACGREGOR DOWN

Neighborhood

  • School District Name: Wake County Schools
  • Census Tract: 053509

Zoning

  • Zoning: R12

Geography

  • Account Number: 0105349
  • District: 04
  • Parcel: 0752.12-85-6405 0105349
  • Lot: 91
  • Municipality: CARY
  • Latitude: 35.7432
  • Longitude: -78.8025

    Address

  • Full Address: 403 Rutherglen Dr
  • Address - House Number: 403
  • Address - Street Name: Rutherglen
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Cary
  • Carrier Code: R019
  • 4-Digit Zip Code: 6436
  • Zip Code: 27511

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $766,054

    Appraisal Valuation

  • Standard Deviation: 0.1631
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 79
  • Final Value: 955,187
  • High Value: 1,111,014
  • Low Value: 799,361

    Market Valuation

  • Market Total Value: $792,176
  • Market Land Value: $630,000
  • Market Improvement Value: $162,176

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $792,176
  • Assessed Land Value: $630,000
  • Assessed Improvements Value: $162,176

    Sales

  • Current Sale Contract Date: Jan 20, 2022
  • Current Sale Recording Date: Jan 20, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 02, 1989
  • Previous Sale Contract Date: Nov 02, 1989
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About MacGregor


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 200 Glen Bonnie Lane, Cary, NC, 27511

$2,100 /mo

  • 3 Beds
  • 2 Baths
200 Glen Bonnie Lane, Cary, NC, 27511 Listing by Jade Cornae Rucker
Unit for rent at 105 Cameron Court, Cary, NC, 27511

$2,150 /mo

  • 3 Beds
  • 2 Baths
  • 1,451 ft²
105 Cameron Court, Cary, NC, 27511 Listing by BRIAN SCHAMBS


Frequently Asked Questions

When was property at 403 Rutherglen Drive built and last sold?
The property at 403 Rutherglen Drive was built in 1983 and last sold on Jan 20, 2022 for $875,000.
How much is this home worth?
The estimated value of the home located at 403 Rutherglen Drive is $4,677,400.
What are some comparable homes to 403 Rutherglen Drive?
There are currently no comparable homes to 403 Rutherglen Drive.