11025 Reed Mine Rd, Locust, NC – $25,900,000

  • $25.9M Price
  • 2,200 Sqft
  • 430 Acres
  • 298 DOM
  • $25.9M Price
  • 2,200 Sqft
  • 430 Acres
  • 298 DOM

11025 Reed Mine Rd

DEVELOPMENT OPPORTUNITY in the growing city of Locust, NC. Only 25 minutes from center city Charlotte, NC. The Villages At Red Bridge is an existing Golf Course community with one neighborhood already in place with homes currently under construction. There are an agreed to 1042 units that can be constructed with the city and the rights to sewer capacity for these units. Single Family homes, patio homes and condos or duplexes. Future development will require roads and underground utilities to be continued throughout the property. This is a large project for the right developer. The sale will consist of Approximately 230 +/- Acres of buildable space and the 180 +/- acre golf course. The course has been running for close to 10 years, is managed by a company and is profitable. There are still an available 40 +/- lots that are already complete with street and utilities in the current Glenwood Neighborhood that could also be discussed in addition to the current offer. Possible partnering.

Essential Information

  • MLS® #3460000
  • Price$25,900,000
  • Square Footage2,200
  • Acres430.00
  • TypeLots/Acres/Farms
  • Sub-TypeAcreage
  • StatusActive

Community Information

  • Address11025 Reed Mine Rd
  • CityLocust
  • CountyCabarrus
  • StateNC
  • Zip Code28097


Lot Description

On Golf Course, Open/Cleared, Pasture, Pond/Land Site, Wooded

School Information

  • ElementaryUnknown
  • MiddleUnknown
  • HighUnknown

Additional Information

  • Date ListedDecember 20th, 2018
  • Days on Market298
  • ZoningOPS
  • HOA Fees0.00

Listing Details

  • OfficeLandvestors Group, LLC
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Landvestors Group, LLC.

CANOPY MLS Logo Based on information submitted to the MLS GRID as of October 14th, 2019 at 10:58pm CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.