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3 Beds
3 Baths
2,862 sqft

$2,985,000

401 Laurel Hill Road, Chapel Hill NC, 27514

Price per sqft$1,042.98
Built in1939
Property size2,862 sqft
Property typeResidential
Listing courtesy of Local Market Realty, LLC

Overview

Active

Listed Mar 20, 2026

Updated Jul 19

Prime Development Opportunity: 2.42 Acres in the Heart of Chapel Hill. Secure a once-in-a-generation canvas in one of Chapel Hill's most storied enclaves, Rocky Ridge Farm. Spanning 2.42 pristine acres, this expansive lot offers the rare scale and seclusion required for a landmark custom estate, all within walking distance of the UNC campus. *Unrivaled Acreage: Over 300 linear feet of frontage on Laurel Hill Road, characterized by a majestic canopy of stately oaks, hickories, and established evergreens creates a peaceful setting and habitat for deer, owls, foxes, hawks, and a variety of songbirds. .*A Natural Sanctuary: The property offers a level of privacy seldom found in the campus core, bordering the 67-acre UNC Outdoor Education Center with its extensive trail network of hiking and running trails, mountain bike paths, an 18 hole disc golf course, and tennis and volleyball courts. *University Atmosphere: It's an absolute delight to sit outside and listen to the quarter-hour chimes from the Bell Tower, the sounds of the Marching Tar Heels practicing and the eruption of sound from the football and baseball games. *Development Potential -Build-to-Suit Canvas: Whether you choose to renovate and add on to the historic 1939 Dr. Harold W. Brown house or redevelop the site entirely, the lot size easily accommodates a significant architectural expansion, a modern luxury estate, or a multi-structure compound. *Existing Infrastructure: The grounds currently feature a concrete pool and terraced gardens, providing a mature landscape foundation for new construction. *Historical Prestige: Located in Rocky Ridge Farm, one of the nation's first planned subdivisions designed by Dr. W.C. Coker, this is an opportunity to own a piece of North Carolina history while defining its future. Rarely does a contiguous 2.4-acre parcel become available in this location. Bring your architect and your vision to Chapel Hill's most significant residential opening. Whether you choose to restore the historic 1939 residence or start fresh with a modern architectural masterpiece, this is the ultimate canvas for a legacy home.

$19,859/mo

Est. mortgage payment based on a $2,985,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
10154602

Interior Features

Bedrooms
3
Bathrooms
3
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
2.42 Acres

Other Property Details

Taxes
$20,213
Tax Frequency
Annually
View
Yes
Pool
Yes
55+/Senior Community
No
MLS provider logo

Listed by Michele Burris, , Local Market Realty, LLC

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Data last updated 3:08 AM UTC, 7/19/2026

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