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Investment Highlights

  • ±74.96 total acres across two contiguous tracts
  • Conceptual sketch plan indicating approximately 75 single-family lots (100’ x 200’ typical)
  • Convenient to Rolesville, Wake Forest, North Raleigh, and Research Triangle Park
  • Wake County R-30 and GB zoning designations (PINs 1757349473 & 1757434781)
  • Conceptual community well system with individual septic; municipal utility availability has not been verified
  • Pricing guidance: $108,000 per acre ($8,100,000 Total)

Executive Summary

±74.96-acre residential development opportunity located at 0 Mitchell Mill Road and 3305 Peebles Road in northeast Wake County. Zoned R-30, the property includes two contiguous tracts and offers potential for a sizable single-family residential community. A conceptual sketch plan has been prepared for approximately 75 lots.
The property is located in the growing Rolesville–Wake Forest area, offering a combination of rural surroundings and convenient access to nearby residential communities, shopping, schools, and employment centers. Its location provides connectivity to Rolesville, Wake Forest, North Raleigh, and the broader Research Triangle region.

Property Facts

Price $11,255,112 CAD
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Single Family Development
Total Lot Size 74.96 AC
Cross Streets Peebles Rd
Zoning R-30 and GB - R-30 Residential | GB General Business | Low-Scale Residential & Special Study Area Future Land Use

1 Lot Available

Lot

Price $11,255,112 CAD
Price Per AC $150,148.24 CAD
Lot Size 74.96 AC

±74.96-acre residential development opportunity located at 0 Mitchell Mill Road and 3305 Peebles Road in northeast Wake County. Zoned R-30, the property includes two contiguous tracts and offers potential for a single-family residential community.

Description

±74.96-acre residential development opportunity located at 0 Mitchell Mill Road and 3305 Peebles Road in northeast Wake County. Zoned R-30, the property includes two contiguous tracts and offers potential for a sizable single-family residential community. A conceptual sketch plan has been prepared for approximately 75 lots.

Not walkable
10/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 1757.03-43-4781-000
  • 1757.03-34-9473-000
Land Assessment
$2,328,726 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,328,726 CAD
  • Listing ID: 41893425

  • Date on Market: 2026-08-26

  • Last Updated:

  • Address: 0 Mitchell Mill rd, Wake Forest, NC 27587

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