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.
For sale
$2,985,000
401 Laurel Hill Rd, Chapel Hill, NC 27514
3beds
2,862sqft
Single Family Residence, Residential
Built in 1939
2.42 Acres Lot
$2,705,200 Zestimate®
$1,043/sqft
$-- HOA
What's special
Terraced gardensMature landscape foundation
- 103 days |
- 511 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Michele Burris 919-619-1870,
Local Market Realty, LLC
Source: Doorify MLS,MLS#: 10154602
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Built-In Electric Oven, Dryer, Gas Cooktop, Ice Maker, Washer
- Laundry: In Basement
Features
- Bidet, Bookcases, Ceiling Fan(s), Eat-in Kitchen, High Speed Internet, Smooth Ceilings, Storage, Walk-In Shower
- Flooring: Hardwood, Tile
- Basement: Concrete, Interior Entry, Unfinished, Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 2,862
- Total interior livable area: 2,862 sqft
- Finished area above ground: 2,862
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Paved
Features
- Levels: Three Or More
- Stories: 2
- Patio & porch: Enclosed, Glass Enclosed, Patio
- Exterior features: Garden, Rain Gutters
- Has private pool: Yes
- Pool features: In Ground, Outdoor Pool, Private
- Has view: Yes
- View description: Garden, Pool, Trees/Woods
Lot
- Size: 2.42 Acres
- Dimensions: 300 x 237 x 259 x 187 x 472
- Features: Back Yard, Front Yard, Garden, Gentle Sloping, Hardwood Trees, Landscaped, Native Plants, Private, Wooded
Details
- Parcel number: 9788848122
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial, Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Brick
- Foundation: Block, Brick/Mortar, Combination
- Roof: Shingle
Condition
- New construction: No
- Year built: 1939
- Major remodel year: 1939
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Subdivision: Rocky Ridge
HOA
- Has HOA: No
Location
- Region: Chapel Hill
Financial & listing details
- Price per square foot: $1,043/sqft
- Tax assessed value: $1,571,500
- Annual tax amount: $20,212
- Date on market: 3/21/2026
Estimated market value
$2,705,200
$2.57M - $2.84M
$3,877/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2026 | Listed for sale | $2,985,000$1,043/sqft |
Source: | ||
| 12/13/2025 | Listing removed | $2,985,000$1,043/sqft |
Source: | ||
| 10/5/2025 | Listed for sale | $2,985,000+49.3%$1,043/sqft |
Source: | ||
| 9/13/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/15/2022 | Listed for sale | $1,999,999+331%$699/sqft |
Source: Owner Report a problem | ||
| 4/27/1998 | Sold | $464,000$162/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $20,592 +70.2% | $1,571,500 +121.1% |
| 2024 | $12,097 +2.8% | $710,800 |
| 2023 | $11,762 +4.4% | $710,800 |
| 2022 | $11,271 +1.3% | $710,800 |
| 2021 | $11,125 -4.1% | $710,800 +2% |
| 2020 | $11,603 | $697,200 |
| 2018 | $11,603 +2.3% | $697,200 |
| 2017 | $11,342 -11.3% | $697,200 -10.3% |
| 2016 | $12,783 | $777,370 |
| 2015 | $12,783 +0.4% | $777,370 |
| 2014 | $12,734 | $777,370 |
| 2013 | -- | $777,370 |
| 2012 | -- | $777,370 |
| 2011 | -- | $777,370 |
| 2010 | -- | $777,370 -28% |
| 2009 | -- | $1,079,252 +74.6% |
| 2008 | $10,354 +3.8% | $617,983 |
| 2007 | $9,971 +4.2% | $617,983 |
| 2006 | $9,569 | $617,983 |
| 2005 | $9,569 +8.6% | $617,983 +16% |
| 2004 | $8,815 +3.6% | $532,625 |
| 2003 | $8,511 +1.5% | $532,625 |
| 2002 | $8,389 +4.2% | $532,625 |
| 2001 | $8,048 -1.2% | $532,625 +12.9% |
| 2000 | $8,148 | $471,788 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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: Laurel Hill - Rocky Ridge
Nearby schools
GreatSchools rating
- 10/10Glenwood Elementary SchoolGrades: K-5Distance: 0.6 mi
- 6/10Grey Culbreth Middle SchoolGrades: 6-8Distance: 2 mi
- 9/10East Chapel Hill High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Chapel Hill Carrboro - Glenwood Elementary School
- Middle: Chapel Hill Carrboro - Grey Culbreth Middle School
- High: Chapel Hill Carrboro - East Chapel Hill High School
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- North Carolina
- Orange County
- Chapel Hill
- 27514
- Laurel Hill - Rocky Ridge
- 401 Laurel Hill Rd







