896 Monterey Valley DrivePending

$617,500

896 Monterey Valley Drive, Chapel Hill, NC 27516

Pending

Status

14

Days Listed

Source MLS Verified

Photos

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About This Property

Build your dream home on this 10-acre lot, in a magical setting that feels like you are in the mountains, yet only 10 minutes to UNC, downtown Chapel Hill, and Carrboro. This private, peaceful location is at the end of the neighborhood, and it borders the UNC-owned, 626-acre University Lake property that has large, light-recreational lake and protected, wooded forests. This building site has hundreds of mature trees and native plants along with native rock outcroppings and gentle slopes. The neighborhood features a variety of custom-built homes on multi-acre lots and a private, paved road. The surrounding area features rolling countryside with farms and forests - a lovely drive to this special property.

Property Details

Lot Size

10.01 acres

Property Type

Unimproved Land

HOA Fee

$3000/mo (Annually)

Sewer

Septic Needed

Water

Need Well

Location

Listing Timeline

Apr 1, 2026

Pending (New Listing)

Monthly Payment Estimate

$6,122/mo

30-year fixed estimate

20% ($123,500)
6.5%
Principal & Interest$3,122
HOA$3,000

Estimate only. Does not include taxes or insurance.

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