$170,000
●
Land -
Off Market
5160 Osprey Point
Sanford, NC 27332
Studio
0 Bath
$1,002
Est. Monthly
$35
HOA / Fees
About This Property
**Lakefront Property in Gated Golf Community** Build your dream
home on one of the few remaining lots with lake frontage! This
stunning 0.17-acre waterfront lot nestled in a quiet cul-de-sac in
the desirable Mallard Cove section of Carolina Trace-a private,
gated community in Sanford, NC. Enjoy breathtaking lake views,
peaceful surroundings, and the luxury of your own private dock
(once built).
The lot has been partially cleared and comes with utilities ready to connect-including water, sewer, and electric. A survey with the building envelope has already been completed by the current owners. Engineered home plans for a 3,676 sq ft home are also available for purchase, with preliminary approval already secured from the POA president. Final architectural committee approval is required before construction.
Carolina Trace offers a premier lifestyle with access to boating, golfing, walking trails, and clubhouse amenities. This property is subject to POA restrictions.
Whether you're planning to build soon or secure the perfect future homesite, this lot combines convenience, serenity, and resort-style living.
The lot has been partially cleared and comes with utilities ready to connect-including water, sewer, and electric. A survey with the building envelope has already been completed by the current owners. Engineered home plans for a 3,676 sq ft home are also available for purchase, with preliminary approval already secured from the POA president. Final architectural committee approval is required before construction.
Carolina Trace offers a premier lifestyle with access to boating, golfing, walking trails, and clubhouse amenities. This property is subject to POA restrictions.
Whether you're planning to build soon or secure the perfect future homesite, this lot combines convenience, serenity, and resort-style living.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
$82
HOA Dues
$35
Year Built
-
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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: 12 months ago (TMLS #10114748)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Listed by Long & Foster Real Estate INC/Triangle East | $180,000 | |
| Listed by Long & Foster Real Estate INC/Triangle East | |||
| Nov 18, 2024 | Sold | ||
| Sold | |||
| Sep 15, 2024 | In contract | - | |
| In contract | |||
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About Lee
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Listed by: Katti Battaglia, Long & Foster Real Estate INC/Triangle East
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10114748
Last Updated: 12 months ago
Data Source: TMLS, MLS# 10114748
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