Single Family Residence at 8731 Faires Road, Charlotte
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$1,495,000

8731 Faires Road
Charlotte, NC 28215
Listed by Jenny Greenspon · ERA Live Moore
Bedrooms
3
Bathrooms
1
Living area
1,440 sqft
Year built
1950

About this home

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.

Property details

MLS
Canopy MLS
MLS #
CAR4430963
Property type
Single Family Residence
Subdivision
None
Status
Active
Days on market
1
On market date
October 22, 2026
Stories
N/A
Total bathrooms
1
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Reedy Creek Elementary
0.28 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
915
Student:teacher ratio
17.3:1
District
Charlotte-Mecklenburg Schools
Middle
Northridge Middle
2.89 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
1,041
Student:teacher ratio
17.6:1
District
Charlotte-Mecklenburg Schools
High
Cato Middle College High School
2.94 mi away · Grades 11-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
166
Student:teacher ratio
41.5:1
District
Charlotte-Mecklenburg Schools

Walkability

Blended score for Charlotte's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

29
Car-dependent
out of 100
EPA National Walkability Index
6.2 / 20 -- Below average walkable
Google Places amenity density
25 / 100
Restaurants & cafes0
Grocery stores0
Parks4
Schools2
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Charlotte, from live MLS data.

On the market 1 days -- 67 fewer days than Charlotte's current average of 68 days.
For reference, the median list price across 5,664 active listings in Charlotte right now is $359,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$9,153/mo
$299,000 down
$1,196,000 loan
Principal & interest$7,757
Property tax (est.)$1,246
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 1 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.