*OFFERED BELOW MARKET VALUE FOR INSTANT EQUITY! Motivated sellers offering tremendous amount of equity in this impeccably maintained property in exchange for a quick, clean sale!*Save up to $878/mo with LENDER PAID RATE BUYDOWN - ask agent for info!*Spacious, sunny, & sturdy MCM home! Tucked away on a private lakefront lot in the heart of Haymount, 501 Valley Rd offers a rare combination of privacy, space, & convenience. Designed by renowned NC architect Dan MacMillan & featured on the NC Modernist website [https://www.ncmodernist.org/macmillan.htm], the home's remarkably preserved mid-century modern character is a hallmark trait. Set back from the street behind thoughtful landscaping & a subtle privacy wall, this hidden oasis enjoys protected water views that will never be obstructed & abundant natural light throughout. Despite its secluded setting, the home is within walking distance of some of Haymount's most beloved destinations, inc. the Cape Fear Regional Theatre, Haymount Truck Stop, Curate Essentials, Leclair's General Store, Miller's Brew, the Museum of the Cape Fear, & the future NC Civil War History Museum, as well as Forest Lake's own Highland Country Club. Downtown Fayetteville's restaurants, shops, museums, & baseball stadium are just 5 minutes away, while Cape Fear Valley Hospital is less than 10 minutes from your door & Fort Bragg's All American Gate is approximately 15 minutes away. Inside, the home showcases generous proportions and striking architectural details—soaring ceilings, floor-to-ceiling windows & doors, and extensive built-ins offer openness & sophistication. Plantation shutters add timeless style, while MCM touches—including a statement Sputnik chandelier in the dining room—enhance the home's distinctive character. Designed for both everyday living & entertaining, the large eat-in kitchen features granite countertops, abundant cabinetry, double ovens, & a premium gas range with wok burner & ring, all complemented by a powerful yet remarkably quiet vent hood. An expansive custom wet bar & huge walk-in pantry add another layer of functionality for hosting. Storage is exceptional throughout, with copious closet space & an oversized two-car garage offering additional room for organization & hobbies. Enjoy the gorgeous view of Branson Lake from the huge deck, which you can access from both the living room or the primary bedroom (which also boasts lake views).The spacious primary suite serves as a private retreat, complete with 2 closets, dressing room with built-ins, & beautifully renovated bathroom featuring double sinks & showerheads. Two secondary bedrooms share a Jack-and-Jill bathroom with a jetted tub & separate shower, ensuring each of the three main floor bedrooms has en-suite bathroom access. The lower-level in-law suite provides outstanding flexibility with its own bedroom, full bath, & generous living area—ideal for guests, multigenerational living, or a private workspace. Outdoor living is equally inviting, with a massive front deck overlooking the lake & a secluded, fenced backyard & rear patio perfect for relaxing or entertaining. The grounds offer both established beauty & future potential, featuring mature plantings and fruit trees. A gardener's blank canvas, the expansive front yard offers plenty of sun, space to play & plant, & an uninterrupted view of the lake - while the waterfront parcel across the street has been cultivated as a native pollinator garden, creating a vibrant habitat for butterflies, bees, & other beneficial wildlife. In addition to the historical value of the home, modern upgrades that simplify homeowner maintenance abound: new roof with architectural shingles 2025, HVAC 2022, gas stove & fireplace logs 2025, reverse osmosis water filtration 2023, LVP in lower level 2022. Offering a unique blend of architectural character, generous living space, natural beauty, & one of Haymount's most desirable locations, 501 Valley Road is a truly exceptional place to cal
For sale
Price cut: $50K (9/20)
$600,000
501 Valley Rd, Fayetteville, NC 28305
4beds
3,917sqft
Single Family Residence
Built in 1970
1.01 Acres Lot
$583,900 Zestimate®
$153/sqft
$-- HOA
What's special
Soaring ceilingsAbundant natural light throughoutFloor-to-ceiling windows and doorsPrivate lakefront lotLarge eat-in kitchenGranite countertopsExpansive custom wet bar
- 118 days
- 1,935
- 207
Zillow last checked:
Listing updated:
Listed by:
Bonnie Gambardella 919-624-5471,
The Douglas Realty Group
Source: Doorify MLS,MLS#: 10170651
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bedroom 3
- Level: Main
Bedroom 4
- Level: Lower
Primary bathroom
- Level: Main
Bathroom 2
- Level: Main
Bathroom 4
- Level: Lower
Breakfast room
- Level: Main
Dining room
- Level: Main
Other
- Level: Main
Family room
- Level: Lower
Great room
- Level: Main
Kitchen
- Level: Main
Heating
- Heat Pump, None
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Built-In Gas Range, Cooktop, Dryer, Double Oven, Dishwasher, Exhaust Fan, Free-Standing Refrigerator, Gas Cooktop, Microwave, Oven, Range, Refrigerator, Range Hood, Washer, Washer/Dryer, Water Purifier, Water Softener, Wall Oven
- Laundry: Inside, Laundry Room, Main Level
Features
- Built-in Features, Bookcases, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, His and Hers Closets, In-Law Floorplan, Open Floorplan, Pantry, Primary Downstairs, Recessed Lighting, Stone Counters, Vaulted Ceiling(s), Wet Bar, Bathtub/Shower Combination
- Flooring: Hardwood, Parquet, Tile, Wood
- Basement: Daylight,Finished,Interior Entry
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 3,917
- Total interior livable area: 3,917 sqft
- Finished area above ground: 3,917
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Attached, Concrete, Garage
- Garage spaces: 2
- Uncovered spaces: 4
Features
- Levels: One,Two
- Stories: 2
- Patio & porch: Deck, Front Porch, Patio, Porch, Side Porch, Terrace
- Exterior features: Balcony, Garden, Private Yard, Rain Gutters, Fenced Yard
- Fencing: Back Yard,Fenced
- Has view: Yes
- View description: Lake, Trees/Woods
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake
- Body of water: Forest Lake
- Frontage type: Lakefront,Waterfront
Lot
- Size: 1.01 Acres
- Features: Back Yard, Corner Lot, Garden, Native Plants, Waterfront, Hardwood Trees
Details
- Additional structures: Garage(s)
- Parcel number: 0427728846000
- Zoning: SF15
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch,Modern
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Combination, Slab, Crawlspace
- Roof: Shingle
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Lake, Suburban
- Security: Smoke Detector(s)
- Subdivision: Forest Lakes
HOA
- Has HOA: No
Location
- Region: Fayetteville
Financial & listing details
- Price per square foot: $153/sqft
- Tax assessed value: $660,700
- Annual tax amount: $6,755
- Date on market: 6/3/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
$583,900
$555,000 - $613,000
$2,733/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/20/2026 | Price change | $600,000-7.7%$153/sqft |
Source: | ||
| 8/20/2026 | Price change | $650,000-3.7%$166/sqft |
Source: | ||
| 6/28/2026 | Price change | $675,000-3.4%$172/sqft |
Source: | ||
| 6/3/2026 | Listed for sale | $699,000+16.5%$178/sqft |
Source: | ||
| 5/3/2022 | Sold | $600,000+0.8%$153/sqft |
Source: | ||
| 3/21/2022 | Pending sale | $595,000$152/sqft |
Source: | ||
| 3/7/2022 | Price change | $595,000-7%$152/sqft |
Source: | ||
| 2/21/2022 | Pending sale | $639,900$163/sqft |
Source: | ||
| 2/14/2022 | Listed for sale | $639,900$163/sqft |
Source: | ||
| 2/7/2022 | Pending sale | $639,900$163/sqft |
Source: | ||
| 12/23/2021 | Listed for sale | $639,900$163/sqft |
Source: | ||
| 3/15/2019 | Listing removed | $639,900$163/sqft |
Source: Coldwell Banker Advantage #547549 Report a problem | ||
| 8/13/2018 | Listed for sale | $639,900$163/sqft |
Source: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE #547549 Report a problem | ||
| 4/12/2016 | Listing removed | $639,900$163/sqft |
Source: Coldwell Banker Advantage #451243 Report a problem | ||
| 8/6/2015 | Listed for sale | $639,900-25.6%$163/sqft |
Source: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE #451243 Report a problem | ||
| 12/29/2006 | Sold | $860,000$220/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,756 -6.1% | $660,700 +35.8% |
| 2024 | $7,198 +3.7% | $486,700 |
| 2023 | $6,944 +4.1% | $486,700 |
| 2022 | $6,673 | $486,700 |
| 2021 | $6,673 | $486,700 -23% |
| 2020 | -- | $631,780 +29.8% |
| 2019 | $6,638 | $486,700 |
| 2018 | $6,638 | $486,700 |
| 2017 | $6,638 -16.3% | $486,700 -22.6% |
| 2016 | $7,929 +1.1% | $628,600 |
| 2015 | $7,844 +0.1% | $628,600 |
| 2014 | $7,837 +2.6% | $628,600 |
| 2013 | $7,640 | $628,600 |
| 2012 | $7,640 | $628,600 |
| 2011 | $7,640 | $628,600 |
| 2010 | -- | $628,600 |
| 2009 | -- | $628,600 +57.6% |
| 2008 | -- | $398,901 |
| 2007 | -- | $398,901 |
| 2006 | -- | $398,901 |
| 2005 | -- | -- |
| 2004 | -- | $398,901 |
| 2003 | -- | $398,901 +35.2% |
| 2002 | -- | $295,000 |
| 2001 | -- | $295,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28305
Nearby schools
Schools provided by the listing agent
- Elementary: Cumberland - Vanstory Hills Elementary
- Middle: Cumberland - R Max Abbott Middle
- High: Cumberland - Terry Sanford High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





