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Pending
  • $1,350,000

    115 Washburn Lake Rd, Reidsville, NC 27320

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    Investment
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    58.8 Acres Lot
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    $-- HOA

    What's special

    Historic washburn lake property
    Investor Alert! Rare chance to own a cash-flowing mobile home park with a private fishing retreat just off Hwy 29 at Exit 149. Washburn Mobile Home Park 31 lots at $400/month, serviced by a community well and individual septic systems. Situated outside the city limits of Reidsville but within the ETJ, the park cannot be expanded without a special-use permit from the City of Reidsville. The 58.8± acre tract also includes the historic Washburn Lake property—once a popular fishing destination—featuring an 8-acre catfish lake, 2-acre carp pond, 1-acre raising pond, and bait/tackle building. There is a unique blend of steady income, recreation, and future potential for revival or improvement. Ideal for investors, outdoor enthusiasts, or visionary redevelopment. The septic lines for Lots 130 & 138 are on the adjoining property, with deeded easement access. Owners do not own any of the mobile homes. Community well and septic systems. Lot rents $400 per month beginning 4/1/26 one lot vacant.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Teresa S. Knowles 336-613-8835,

    CENTURY 21 THE KNOWLES TEAM

    Source: Triad MLS,MLS#: 1208997MLS LogoOriginating MLS: Greensboro

      Facts & features

      Interior

      Features
      • Has basement: No
      • Has fireplace: No

      Property

      Features
      • Has view: Yes
      • View description: Lake, Water
      • Has water view: Yes
      • Water view: Lake,Water
      • Waterfront features: Lake Privileges, Pond, Lake
      Lot
      • Size: 58.8 Acres
      • Features: Cleared, Dead End, Multi Zones, Natural Land, Partially Wooded, See Remarks
      • Residential vegetation: Partially Wooded
      Details
      • Parcel number: 148816
      • Zoning: RA20R
      • Special conditions: Owner Sale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Investment

      Utilities & green energy

      • Gas: Available: Nearby
      • Sewer: Septic Tank
      • Water: Private

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Reidsville

      Financial & listing details

      • Tax assessed value: $504,159
      • Annual tax amount: $3,341
      • Date on market: 2/12/2026
      • Cumulative days on market: 22 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        3/3/2026Pending sale$1,350,000
        Source: Triad MLS #1208997 Report a problem
        2/12/2026Listed for sale$1,350,000-10%
        Source: Triad MLS #1208995 Report a problem
        11/28/2025Listing removed$1,500,000
        Source: Triad MLS #1181907 Report a problem
        10/31/2025Listed for sale$1,500,000
        Source: Triad MLS #1181907 Report a problem
        10/10/2025Pending sale$1,500,000
        Source: Triad MLS #1181907 Report a problem
        7/21/2025Price change$1,500,000-16.7%
        Source: Triad MLS #1181907 Report a problem
        5/22/2025Listed for sale$1,800,000
        Source: Triad MLS #1181907 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,341 +16.9%$504,159 +42%
        2023$2,857 $354,947
        2022$2,857 $354,947
        2021$2,857 $354,947
        2020$2,857 $354,947
        2019$2,857 +18%$354,947 +18.2%
        2018$2,421 $300,380
        2017$2,421 $300,380
        2015$2,421 $300,380
        2014$2,421 $300,380

        Find assessor info on the county website

        Monthly payment

        Est. payment

          Payment breakdown

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 27320

          Getting around

          13 / 100
          Car-Dependent
          21 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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