7304 Oak Leaf Drive
About This Property
7304 Oak Leaf Drive is a wooded lot of over half an acre, uniquely positioned to feel private and tucked away while still being connected to an established neighborhood. The lot is easy to build on with public utilities available at Curlew Dr, which takes a major variable off the table for your construction budget and timeline. You get the charm of Chapel Hill, but Durham County taxes and permitting.
To help you see the potential, I partnered with the award-winning team at Trinity Design/Build to create a conceptual rendering. I highly recommend working with their team, but you are free to bring your own architect and builder to the project. This is your canvas.
You are minutes from everything Chapel Hill has to offer, from Franklin Street to UNC to the trails and greenways that make this area so easy to love. If you have been waiting for the right lot in the right location, let's talk.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jul 10, 2026 | Price Decreased |
$347,500
↓ $3K
(0.7%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Nest Realty of the Triangle | $350,000 | |
| Listed by Nest Realty of the Triangle | |||
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Aug 6, 2025 | In contract | - | |
| In contract | |||
| Jul 31, 2025 | Listed by Silver Realty | $325,000 | |
| Listed by Silver Realty | |||
| | |||
|
Long held by the original developer, who personally selected this choice wooded lot decades ago and reserved it for himself and his family, this rare 0.57-acre property presents an increasingly rare opportunity in a highly coveted Southwest Durham location.
Just 1.9 miles from I-40, the quiet and natural setting offers unbeatable access to everything: 4.6 miles to UNC,4.8 miles to Southpoint Mall, 5.3 miles to Downtown Chapel Hill, 5.5 miles to UNC Hospitals, 9.2 miles to the Durham Bulls Athletic Park, 9.6 miles to Duke University, and 10 miles to Duke Hospital. With no HOA, minimal deed restrictions, no required builder, paved road access, and no timeline to build, you have the freedom to design and construct the home that perfectly fits your lifestyle, on your schedule. Whether you're seeking peace and privacy, proximity to top-tier universities and medical facilities, or a unique investment in a fast-growing market, this property offers exceptional potential. Custom home sites in this area are increasingly rare. Don't miss your chance to build your dream home or secure a valuable piece of land in one of the Triangle's most desirable locations.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017