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For sale
  • Price cut: $75K (7/24)
    $900,000

    5223 Margon Pl, Hillsborough, NC 27278

    4beds
    4,599sqft
    : 
    $5,440/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 2002
    10.38 Acres Lot
    $869,100 Zestimate®
    $196/sqft
    $50/mo HOA

    What's special

    Workshop areaBreakfast barGleaming hardwood floorsHardwood flooringExtensive recessed lightingWalk-in showerAbundant custom cabinetry
    Private 10-Acre Estate | Dual Primary Suites | Chef's Kitchen | Minutes to Chapel Hill. Tucked at the end of a quiet road on 10.38 private, wooded acres, 5223 Margon Place is the rare estate that delivers true seclusion without sacrificing convenience. Just 20 minutes from Chapel Hill, UNC, and historic downtown Hillsborough, with easy access to I-40 and I-85, this exceptional property offers over 4,100 finished square feet of thoughtfully designed living space across three levels. The moment you step inside, gleaming hardwood floors guide you through soaring cathedral ceilings with rich wood beam accents and an expansive open-concept layout built for everyday comfort and gracious entertaining. The heart of the home is the chef's kitchen, a true showpiece featuring a high-end gas range, sprawling granite center island, stainless steel appliances, abundant custom cabinetry, dual sinks, breakfast bar, and extensive recessed lighting. A signature expanded window floods the space with natural light and is perfect for cultivating fresh herbs year-round. What sets this home apart is the rare flexibility of two spacious primary suites, one conveniently on the main level and a second on the upper floor. It's an ideal setup for multigenerational living, in-laws, or long-term guests. The upper primary suite delivers a beautifully updated spa-inspired bath with walk-in shower, dual vanities, custom cabinetry, hardwood flooring, and a generous walk-in closet. A dramatic family room with soaring cathedral ceiling anchors the home, while a formal living room offers additional versatility for hosting. Seamless indoor-to-outdoor living awaits through multiple access points to expansive covered and open decks overlooking the tranquil, wooded backyard. Whether it's morning coffee, an evening gathering, or simply taking in the natural surroundings, this is where the home truly comes alive. The finished walk-out lower level adds even more value, with heated and cooled recreational space ideal for a media room, gym, or playroom, plus a workshop area, generous storage, and an oversized attached garage with interior entry. Standout features include newer HVAC systems (2020 and 2021), dual tankless water heaters for endless hot water throughout the home, an owned water softener system, whole-home propane, a circular driveway with abundant parking, private well and septic, three levels of beautifully designed living, and accessibility-friendly design throughout including accessible bedroom, kitchen, and central living area. Tucked among mature hardwoods with remarkable privacy yet moments to historic downtown Hillsborough and a short drive to Chapel Hill, UNC, Duke, and the Research Triangle, this property is also part of the Grady Brown Elementary, A.L. Stanback Middle, and Cedar Ridge High school district. It's estate living without the commute, and the kind of opportunity that doesn't come around often. Schedule your private tour today. Please note that a portion of the home's finished square footage was completed without permits, including the finished lower level and the kitchen and primary bath remodels. Buyer and buyer's agent to verify all square footage and permit status to their satisfaction.
    90 days
    |
    524
    |
    33
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Vlad Feldman 919-262-8819,

    Real Broker, LLC

    Source: Doorify MLS,MLS#: 10169077MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Forced Air, Propane
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Down Draft, Dryer, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Range, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Stainless Steel Appliance(s), Tankless Water Heater, Washer, Washer/Dryer, Water Softener, Water Softener Owned
      • Laundry: In Hall, Inside, Laundry Closet, Washer Hookup
      Features
      • Bathtub/Shower Combination, Breakfast Bar, Built-in Features, Cathedral Ceiling(s), Ceiling Fan(s), Chandelier, Crown Molding, Double Vanity, Eat-in Kitchen, Entrance Foyer, Granite Counters, High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Second Primary Bedroom, Smooth Ceilings, Stone Counters, Track Lighting, Vaulted Ceiling(s), Walk-In Closet(s), Walk-In Shower
      • Flooring: Carpet, Ceramic Tile, Hardwood, Tile, Wood
      • Doors: French Doors
      • Windows: Wood Frames
      • Basement: Bath/Stubbed, Concrete, Daylight, Exterior Entry, Partially Finished, Unfinished, Walk-Out Access
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 4,599
      • Total interior livable area: 4,599 sqft
      • Finished area above ground: 4,156
      • Finished area below ground: 443
      Video & virtual tour

      Property

      Parking
      • Total spaces: 12
      • Parking features: Attached, Basement, Drive Through, Driveway, Garage, Garage Door Opener
      • Attached garage spaces: 2
      • Uncovered spaces: 10
      Features
      • Levels: Three Or More, Two
      • Stories: 2
      • Patio & porch: Covered, Deck, Front Porch, Patio, Rear Porch, Wrap Around
      • Exterior features: Private Yard, Rain Gutters, Smart Camera(s)/Recording
      • Has view: Yes
      • View description: Forest, Trees/Woods
      Lot
      • Size: 10.38 Acres
      • Features: Front Yard, Gentle Sloping, Hardwood Trees, Landscaped, Sloped
      Details
      • Parcel number: 9842802152
      • Zoning: AR
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional, Transitional
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick, Brick Veneer, Wood Siding
      • Foundation: Concrete Perimeter, Permanent
      • Roof: Asphalt, Shingle
      Condition
      • New construction: No
      • Year built: 2002

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Features: Gated
      • Subdivision: Orange Grove
      HOA
      • Has HOA: Yes
      • Services included: Road Maintenance
      • HOA fee: $600 annually
      Location
      • Region: Hillsborough

      Financial & listing details

      • Price per square foot: $196/sqft
      • Tax assessed value: $964,100
      • Annual tax amount: $6,828
      • Date on market: 5/22/2026
      • Road surface type: Asphalt, Gravel

        Estimated market value

        $869,100

        $826,000 - $913,000

        $4,180/mo

        Price history

        DateEventPrice
        7/24/2026Price change$900,000-7.7%$196/sqft
        Source: Doorify MLS #10169077 Report a problem
        5/22/2026Listed for sale$975,000-11.4%$212/sqft
        Source: Doorify MLS #10169077 Report a problem
        3/10/2026Listing removed$1,100,000$239/sqft
        Source: Doorify MLS #10135319 Report a problem
        1/14/2026Price change$1,100,000-11.3%$239/sqft
        Source: Doorify MLS #10135319 Report a problem
        12/1/2025Listed for sale$1,240,000+175.6%$270/sqft
        Source: Doorify MLS #10135319 Report a problem
        12/4/2018Sold$450,000+109.3%$98/sqft
        Source: Doorify MLS #2202298 Report a problem
        2/12/2004Sold$215,000$47/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,967 +29%$964,100 +73.2%
        2024$5,400 +2.8%$556,500
        2023$5,251 +1.5%$556,500
        2022$5,172 +2.5%$556,500
        2021$5,047 0%$556,500 +6.1%
        2020$5,049 $524,300
        2018$5,049 +2.1%$524,300
        2017$4,948 -2.1%$524,300 +0.5%
        2016$5,053 $521,781
        2015$5,053 +1.4%$521,781
        2014$4,981 $521,781
        2013-- $521,781
        2012-- $521,781
        2011-- $521,781
        2010-- $521,781
        2009-- $521,781 +23.1%
        2008$4,191 +5%$423,783
        2007$3,992 +26.5%$423,783
        2006$3,156 $423,783 +17.8%
        2005$3,156 $359,868 +2.5%
        2004-- $351,232 +22.7%
        2003$2,531 $286,276
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 27278

        Getting around

        0 / 100
        Car-Dependent
        11 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Orange - Grady Brown Elementary
        • Middle: Orange - A L Stanback Middle
        • High: Orange - Cedar Ridge High

        Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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