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Prices are high in the Falls Lake Watershed
North Raleigh near Falls Lake has new homes, and they are high priced for the Triangle! That’s because water and sewer can’t be extended in the Falls Lake Watershed, so the lots have to be large to allow for the septic systems. Land is expensive. Here is a list and history of neighborhoods with homes built in the past 5 years or so. My pricing data is from the Triangle MLS, and sometimes custom home prices aren’t entered but will show up on the deeds, so check the tax stamps ($2 per thousand) for deep research. There also will be resales, but I haven’t included them in this post. I’ll be adding photos soon. Neighborhoods change fast with new construction so I need to redo!
Marianne Howell Wright, Buyers agent specializing in new construction. Contact me to schedule a tour of these luxury communities today and text or email me before you visit the builder and we’ll meet or set up a call. 919-274-4365 [email protected] Thanks!
Miravalle
Miravalle is a small 9 lot subdivision off Mt. Vernon Church Road and Pleasant Union Church Road in North Raleigh south of Falls Lake known for its elegant homes and serene setting. The community offers large lots that allow for spacious homes, catering to buyers looking for privacy and a natural environment.
Builders and Homes: The primary builders in Miravalle include Gaylord Design Build and Robuck Design Build, with a total of three different builders contributing to the community’s development. The homes in Miravalle typically range in size from about 4,044 to 5,101 square feet, offering between four to five bedrooms and multiple bathrooms.
Price Range: Recent sales prices in Miravalle range from $1,050,000 to $1,514,000, reflecting the high-quality construction and large lot sizes.
Norwood Ridge
Norwood Ridge offers a secluded, upscale living experience with a focus on luxury and privacy. The neighborhood features custom-built homes on large lots, providing a spacious and exclusive environment.
Builders and Homes: Key builders in Norwood Ridge include Blue Heron Signature Homes and KJ Construction, with a total of four builders contributing to the neighborhood. The homes here are quite large, with sizes ranging from 5,395 to 7,394 square feet and featuring multiple bedrooms and bathrooms.
Price Range: Recent home prices in Norwood Ridge range from $2,453,000 to $2,600,000, reflecting the premium nature of the properties and their large lot sizes.
Shadow Creek Estates
Shadow Creek Estates is an exclusive, high-end community known for its expansive homes and high level of privacy. The neighborhood is designed to appeal to buyers looking for large, luxurious homes in a serene setting.
Builders and Homes: The primary builder in Shadow Creek Estates is well known and respected, Loyd Builders, who has built all the homes in this community. The homes here are very spacious, with living areas ranging from 4,756 to 10,485 square feet.
Price Range: The price range in Shadow Creek Estates is among the highest in the area, with recent sales prices between $2,560,000 and $5,833,358, reflecting the community’s exclusivity and luxury offerings.
Shinleaf Estates
Shinleaf Estates is a newer community offering luxurious, custom-built homes designed to blend with the natural surroundings of North Raleigh. This neighborhood is perfect for those seeking modern amenities within a private, upscale setting.
Builders and Homes: Notable builders in Shinleaf Estates include Homestead Building Company and Stellar Blu Construction, Inc., with a total of four builders involved in the community. Homes in Shinleaf Estates range from 4,775 to 5,427 square feet, providing ample space and multiple bedrooms and bathrooms.
Price Range: The price for homes in Shinleaf Estates is around $2,400,000, reflecting the luxurious features and large lots that characterize the community.
The Overlook at Mount Vernon
Located just mid-south of scenic Falls Lake off Highway 50 and near Highway 98, which connects Wake Forest and Durham, The Overlook at Mount Vernon is a luxury community that offers a unique blend of custom-built single-family homes and natural beauty. This neighborhood is designed to provide residents with spacious living areas, high-end finishes, and a seamless connection to the surrounding landscape. The neighborhood
Homes in The Overlook at Mount Vernon typically feature four bedrooms, with floor plans that include three to four full bathrooms and, often, an additional half bath. Recent sales in the community show that prices range from $1,100,000 to over $1,225,000, reflecting the luxury finishes and the level of customization available in these homes.
A variety of reputable builders have contributed to the development of The Overlook at Mount Vernon, including Future Homes by Jim Thompson, Legacy Custom Homes, Homes By Dickerson, McNeill Burbank, Keith Custom Construction, and others. Each builder brings their own style and expertise, ensuring that every home in the community is unique and not cookie cutter boxes.
With its blend of luxury, customization, and natural beauty, The Overlook at Mount Vernon offers an exceptional living experience for those seeking a custom builder high-end home in North Raleigh.
Falls Reserve
Falls Reserve is a smaller, intimate luxury community near Falls Lake, first developed in the mid-2010s. This neighborhood is thoughtfully designed to embrace the natural terrain and wooded surroundings, providing custom-built homes on spacious lots. The community caters to buyers seeking a private, luxurious living environment with a strong connection to nature. Homes in Falls Reserve are known for their high-end details, such as chef’s kitchens, spa-like bathrooms, and expansive outdoor areas perfect for entertaining and relaxation.
Builders Over Time in Falls Reserve
Falls Reserve has featured a diverse group of custom builders, allowing for a high level of personalization in home design. The top builders in the community include ICG Homes and Bluestone Builders, which have contributed significantly to the neighborhood’s development. In total, over 35 different builders have been involved in crafting the unique, luxury homes in Falls Reserve, allowing homeowners to create residences tailored to their specific preferences and ensuring each home is distinctive.
Current Status
Today, Falls Reserve remains a highly desirable community for those seeking luxury living in a natural setting. The community’s focus on custom homes and the integration of natural landscapes into its design make it a unique and attractive option in North Raleigh. Residents benefit from proximity to Falls Lake, offering easy access to outdoor activities and a tranquil, serene environment.
Homes in Falls Reserve typically offer generous living spaces, with recent listings showing sizes ranging from about 3,800 to 4,325 square feet. These homes often feature four to five bedrooms, multiple full bathrooms, and additional half baths, providing ample room for comfortable and luxurious living. The most recent homes, built around 2019, reflect the community’s commitment to quality and modern luxury standards.
Price Range
The price range for homes in Falls Reserve generally starts at $1.7 million for the new phase, with recent sales showing prices exceeding $2.4 million for larger, more customized homes. The diversity in home prices reflects the variety of designs and luxury features and builders available, for buyers looking for high-end, personalized living spaces in North Raleigh.
Avalaire
Avalaire is a high-end luxury community in North Raleigh that began development in 2017. The neighborhood is known for its expansive, wooded lots and a strong commitment to preserving the natural beauty of the area. Located south of Falls Lake and close to I-540, Avalaire offers residents easy access to the Triangle, including shopping and dining options, while maintaining a secluded, private feel. It’s also just 20 minutes from downtown Raleigh, striking an ideal balance between accessibility and exclusivity.
Avalaire was designed to provide a sophisticated, private living environment with a focus on luxury and exclusivity. The community features custom-built homes in a variety of architectural styles, from traditional to modern, all crafted with high-quality materials and superior craftsmanship.
Builders Over Time in Avalaire
Avalaire is home to a select group of prestigious custom builders. The leading builders, Homestead Building Company and Arthur Rutenberg Homes, have been pivotal in establishing the community’s upscale character. In total, over 19 different builders have contributed to Avalaire’s development, each bringing unique styles and high standards, ensuring every home reflects the distinct tastes of its homeowners.
Current Status
Today, Avalaire is one of North Raleigh’s premier luxury communities. It continues to attract buyers seeking custom homes on large, private lots with proximity to natural amenities like Falls Lake. The neighborhood’s dedication to preserving green spaces and natural surroundings, combined with the high craftsmanship in home construction, reinforces Avalaire’s reputation as a highly desirable place to live.
Homes in Avalaire are expansive, with living areas ranging from about 4,000 to 8,791 square feet. Most homes feature four or more bedrooms, multiple full bathrooms, and additional half baths, offering plenty of space for luxury living. The earliest homes were built in 2017, and the community has continued to develop, reflecting its commitment to quality and modern luxury standards.
Price Range
The initial homes in Avalaire were priced between $1.2 million and $2 million when the community first launched in 2017. Today, newer homes start around $1.7 million, with some of the larger, more customized properties reaching up to $3.2 million or more. This price range reflects the premium lots, custom designs, and top-tier finishes available in the community, catering to discerning buyers looking for exclusive, high-end living.
Whether you’re looking for a custom-built estate with modern amenities or a home that offers tranquility and natural beauty, the luxury neighborhoods near Falls Lake in North Raleigh provide something for every discerning buyer. These communities are not just about the homes—they’re about a lifestyle of comfort, privacy, and prestige. Remember, working with a knowledgeable buyer’s agent can make all the difference in finding the perfect home and navigating the buying process smoothly. Contact me today to learn more about these exclusive neighborhoods and start your journey to finding your dream home.
Marianne 919-274-4365
