Lot #38 for sale in Duchy Airpark (near Chapel Hill, NC). This beautiful 1.14AC lot was chosen by the developer as he had purchased it for himself and planned on relocating there someday. I was able to acquire this choice lot from the developer and had a dream of building my own home on it, however, my plans have changed and I'm moving in a different direction, and unfortunately for me, it is now available for sale, but I have high hopes that someone else may enjoy it!

The asking price is now $59,999.00 or possible trade (full or partial) for Porsche or boat, or whatever asset you have of similar value

Beautiful, private airpark in North Carolina’s popular Research Triangle Park area
4-year old 3500’ x 45’ paved runway (5NC5)
Gated, meticulously-maintained community with 3 acre pond
1.2 acre lot for sale located on highest area of the airpark, overlooking the runway approach and pond
Partially wooded lot, underground natural gas/electric/cable tv utilities
Approved for on-site well water
Approved/perked for on-site septic system

Duchy Airpark (5NC5) Information

Approach Aid: No
Average Lot Size: 1 acre to 2 acres
Currently Based Aircraft: 10
Building Restrictions: Yes
Electricity: Yes
Elevation: 650
Fuel: No
Identifier: 5NC5
Lights: No
Maintenance of Field: No
Natural Gas: Yes
Number of Lots: 40
Obstructions: No
Owner Association: Yes
Ownership: Private
Runway Length: 3500
Runway Surface: Paved with asphalt
Sewer Type: Septic
Tie Downs: No
User Fees: No
Use Type: Private
Water Type: Well
Year Opened: 2006
HOA Dues: $1450/yr (increased to $1835 in 2018)
Property Taxes: approx $677/yr (Just re-assessed in 2017, so anticipating a reduction in taxes)

Duchy Plat Plans: (see docs below)

All dues, taxes, and one-time runway assessment fee are paid-in-full.

About 9 completed homes out of 40 lots total for the subdivision, great neighbors with plenty of passion for aviation, several of them own both certified and home built aircraft.

Build your own custom house and hangar and start living the dream today!

Attached are PDF files of Duchy Airpark recorded plat plans.

Here is a link to the covenants for the Duchy Airpark (5NC5).

Edit: Updated link to covenants.

Edit: $10K price reduction, now $114,999!!

Edit: Motivated to sell. Another $10K price reduction, now $104,999!! Taxes for 2016 paid in full.

Out of curiosity I tried to read the covenants but got:

Server not found

Firefox can't find the server at http://www.theduchy-chapelhill.com.

They're here: http://duchypoa.weebly.com/governing-documents1.html

Nothing overly obnoxious, but the max gross weight for the runway is 5250#, keeping out my 58P (unless it's "as flown" rather than "as certified")

It's "as flown" because my Beech Baron E55 has a gross weight of 5300 lbs and I have agreed to operate it at 5250 lbs or less.

I have put forth a request to the membership to have the max gross weight increased since the purpose of that rule was really about noise abatement and not about weight.

Motivated even more, have another "investment" in mind, therefore another $10K price reduction, now $99,999!!

More photos... Another lot owner on the runway has a house currently under construction...

I'm confused:
House under construction elsewhere in the development or on the subject piece of property?

Another lot owner and future neighbor. Updated the previous post to clarify.

Real estate in the Raleigh area is starting to boom once again. It was tough to get construction loans in several of the previous years, not so much any more. The challenge today is finding a builder that can fit you in their busy schedule.

I tinkered with building a spec home on the property, but was advised against the risk, particularly with an airpark property, where selections on hangar door size and height may prohibit a certain type plane. I'd hate to build something where someone loved it but their T-bone or motor glider wouldn't fit in the hangar.

(bump)

UPDATE: A new month and another price reduction! New price is $92,000.00!

UPDATE: Another new month and another price reduction! New price is $85,000.00!

Also, I have been approached by the adjacent lot owner who committed to a new life in the midwest and therefore extended an offer to me purchase his lot, which is 1.13AC and can be combined with my lot into a larger single 2.27AC lot.

Send your kids to UNC for 30% of the cost since they could actually commute 10 miles to in lieu of room and board expenses.