Acreage at 520 Lawrence Gray Road, Charlotte
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$699,999

520 Lawrence Gray Road
Charlotte, NC 28262
Listed by Wallace Crawford · MATHERS REALTY.COM
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Builders, come take advantage of this prime location area to build multiple homes. This 3.24 acres is located right by Mallard Creek and 485. This land is zoned for single family residential but according to Char Meck Zoning, could support up to tri-plexes. It can not be rezoned multifamily. There is a home currently located on 1 of the 3 parcels. It appears to have good bones but needs a lot of rehab. From my estimation, you maybe able to get up to 8 homes on these lots. All 3 parcels to be sold together. City water available but not city sewer. The main for sewer stops at Mallard Woods. City says builder could connect to main but city will not do it. House being sold as is

Property details

MLS
Canopy MLS
MLS #
CAR4179423
Property type
Acreage
Subdivision
none
Status
Active
Days on market
326
On market date
September 6, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
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
Mallard Creek Elementary
2.28 mi away · Grades 0-5
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
515
Student:teacher ratio
15.6:1
District
Charlotte-Mecklenburg Schools
Middle
Ridge Road Middle
1.47 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
1,113
Student:teacher ratio
17.4:1
District
Charlotte-Mecklenburg Schools
High
Cato Middle College High School
6.57 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).

13
Very car-dependent
out of 100
EPA National Walkability Index
2.3 / 20 -- Least walkable
Google Places amenity density
15 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops4
Pharmacies0

Market position

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

On the market 326 days -- 257 more days than Charlotte's current average of 69 days.
For reference, the median list price across 5,683 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
$4,365/mo
$140,000 down
$559,999 loan
Principal & interest$3,632
Property tax (est.)$583
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 31, 2026.

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.