Rare 7.7-Acre Development Opportunity in Northeast Charlotte
An exceptional opportunity to own 7.7 acres of beautiful, wooded land inside Charlotte’s I-485 beltway, offering a rare combination of residential development potential, natural surroundings, and convenient access to city amenities.
Currently zoned N1-A, the property allows residential development on lots of 10,000 square feet or greater, making it an attractive opportunity for builders, developers, and investors. Potential uses may include a small single-family home community of approximately 20–30 homes or a thoughtfully designed duplex or triplex development, subject to applicable zoning requirements, density limitations, and city approvals. City water and sewer are available.
Whether you are a builder seeking your next residential project, a developer exploring new construction opportunities, or an investor looking for valuable land in a growing area, this property offers a unique combination of acreage, location, and potential.
The property currently operates as a working farm and includes an approximately 1,400-square-foot home and two barns, adding character and potential flexibility for future plans.
Ideally situated in northeast Charlotte, the property offers convenient access to I-485, Reedy Creek Park and Greenway, shopping, dining, healthcare, and everyday services while maintaining the peaceful atmosphere of a wooded, rural setting.
Active
$1,495,000
8731 Faires Rd, Charlotte, NC 28215
--beds
--baths
7.67Acres
Unimproved Land
Built in ----
7.67 Acres Lot
$380,500 Zestimate®
$--/sqft
$-- HOA
What's special
Working farm
- 11 hours
- 42
- 3
Zillow last checked:
Listing updated:
Listed by:
Jenny Greenspon Jenny@JennySellsCharlotte.com,
ERA Live Moore
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4430903
Facts & features
Interior
Interior area
- Finished area below ground: 0
Property
Features
- Fencing: Fenced
Lot
- Size: 7.67 Acres
Details
- Additional parcels included: 105-221-02
- Parcel number: 10522101
- Zoning: N1-A
- Special conditions: Standard
- Horse amenities: Barn
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: None
Location
- Region: Charlotte
Financial & listing details
- Tax assessed value: $556,000
- Annual tax amount: $3,111
- Date on market: 10/22/2026
- Listing terms: Cash,Conventional
- Exclusions: Camper and Horse Walker
- Road surface type: Gravel
Estimated market value
$380,500
$342,000 - $415,000
$1,723/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2026 | Listed for sale | $1,495,000+647.9% |
Source: | ||
| 4/27/2015 | Listing removed | $199,900+11.1% |
Source: CENTURY 21 Providence #3066042 Report a problem | ||
| 4/23/2015 | Sold | $180,000-24.8% |
Source: | ||
| 12/14/2014 | Listing removed | $239,500 |
Source: Prime 1 Realty #3045997 Report a problem | ||
| 12/14/2014 | Price change | $239,500-9.5% |
Source: Prime 1 Realty #3045997 Report a problem | ||
| 11/3/2014 | Price change | $264,500-11.5% |
Source: Prime 1 Realty #3024419 Report a problem | ||
| 10/30/2014 | Price change | $299,000-9.4% |
Source: Prime 1 Realty #3024419 Report a problem | ||
| 8/29/2014 | Price change | $329,900-15.2% |
Source: Prime 1 Realty #3024419 Report a problem | ||
| 7/29/2014 | Listed for sale | $389,000+116.1% |
Source: Prime 1 Realty #3024419 Report a problem | ||
| 4/23/2014 | Sold | $180,000 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,111 +1.5% | $438,400 |
| 2024 | $3,064 +1.6% | $438,400 |
| 2023 | $3,016 +60.8% | $438,400 +114.1% |
| 2022 | $1,876 +2.4% | $204,800 |
| 2021 | $1,832 +0.6% | $204,800 |
| 2020 | $1,821 +1.3% | $204,800 |
| 2019 | $1,798 -26.2% | $204,800 -5% |
| 2018 | $2,436 +2.2% | $215,500 |
| 2017 | $2,385 | $215,500 |
| 2016 | $2,385 | $215,500 |
| 2015 | $2,385 +2.8% | $215,500 |
| 2014 | $2,320 | $215,500 |
| 2013 | -- | $215,500 -1.1% |
| 2012 | -- | $217,900 -7.4% |
| 2011 | -- | $235,300 +42% |
| 2010 | -- | $165,700 |
| 2009 | -- | $165,700 |
| 2008 | -- | $165,700 |
| 2007 | -- | $165,700 |
| 2006 | -- | $165,700 |
| 2005 | -- | $165,700 |
| 2004 | -- | $165,700 |
| 2003 | -- | $165,700 +28% |
| 2002 | -- | $129,410 |
| 2001 | -- | $129,410 |
| 2000 | -- | $129,410 |
Find assessor info on the county website




