8731 Faires Road
Charlotte, NC, 28215 $ 1,495,000
Bedrooms3 Baths1.0 Sq 1,440 Monthly Estimate*
$ 10,326
for $1,495,000 with 3 bedrooms and 1 full bath. This 1,440 square foot home was built in 1950 on a lot size of 7.67.
Rare 7.7-Acre Development Opportunity in Northeast Charlotte. An exceptional opportunity to own 7.7 acres of beautiful, wooded land inside Charlotte’s I-485 beltway, offering a rare combination of residential development potential, natural surroundings, and convenient access to city amenities. Currently zoned N1-A, the property allows residential development on lots of 10,000 square feet or greater, making it an attractive opportunity for builders, developers, and investors. Potential uses may include a small single-family home community of approximately 20–30 homes or a thoughtfully designed duplex or triplex development, subject to applicable zoning requirements, density limitations, and city approvals. City water and sewer are available. Whether you are a builder seeking your next residential project, a developer exploring new construction opportunities, or an investor looking for valuable land in a growing area, this property offers a unique combination of acreage, location, and potential. The property currently operates as a working farm and includes an approximately 1,400-square-foot home and two barns, adding character and potential flexibility for future plans. Ideally situated in northeast Charlotte, the property offers convenient access to I-485, Reedy Creek Park and Greenway, shopping, dining, healthcare, and everyday services while maintaining the peaceful atmosphere of a wooded, rural setting.
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FeaturesGeneralLiving Area 1440
Sewer Septic Installed
Heating Central
Cooling Central Air
Appliances Refrigerator with Ice Maker
Garage Spaces 2
Architectural Style Ranch
Construction Materials Wood
Year Built 1950
Levels One
Property Subtype Single Family Residence
Parcel Number 105-221-01
Additional Parcels Description 105-221-02
County Mecklenburg
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N Y
Full Baths 1
High School Unspecified
City Charlotte
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N Y
Standard Status Active Under Contract
Construction Type Site Built
Tax Assessed Value 556000
Listing Terms Cash Conventional USDA Loan
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ExteriorParking Features Parking Space(s)
Water Source Well
Lot Size Area 7.67
Foundation Details Slab
Road Surface Type Gravel
Road Responsibility Private Maintained Road
Main Level Garage YN Y
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InteriorBasement (Y/N) N
Fireplace Y/N N
Above Grade Finished Area 1440
Half Baths 0
Laundry Features Inside
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 1
SqFt Main 1440
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $10,326
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Charlotte, NC
Average List Price $753,903
Percent of Sale Price 50%
About Charlotte, NC 853,875 Population
49% Since 2002
$ 58,239 Median Income
36.13 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/23/2026 | $1,495,000 | | Listed Price |