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Updated over 8 years ago,

Account Closed
  • Full-Time Investor
  • Charlotte, NC
1,562
Votes |
2,280
Posts

Latest Multi Million Dollar Spec Development in Charlotte, NC

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted

Purchased an outdated house on a large piece of property in one of the most exclusive infill neighborhoods near center city Charlotte, North Carolina for 890,000.  We subdivided this property into 3 lots and built 3 new construction spec houses.  Due to the size of the homes (4300-5100 sq ft each) and the level of detail required, these homes did take about 10 months to build out.  The 3 plans were similar, all homes being 3 stories to maximize square footage on narrow lots, and used a ton of porch space to make up for the smaller yards.  We also had to take several measures to keep neighbors happy and mature trees safe!  Sales prices were between 1.2 million through 1.35 million.  Pics below:

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