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$10,500,000

469 Posey Farm Road, Raeford, NC 28376
Raeford, NC 28376
Listed by George Manley · Carolina Summit Group, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2023

About this home

Shahbain Farms & Event Center offers an opportunity to acquire a +/- 30,000 SF facility on 16.11 acres in Raeford, NC. The property includes a main building and a smaller secondary building, both with expansive interior layouts, complemented by landscaped grounds featuring a palm-lined entrance, pond, fountain, and outdoor areas. Ample on-site parking accommodates high-capacity events, and the site is zoned RA-20. Conveniently located near Fayetteville and Southern Pines, this property provides a substantial special-purpose facility with significant acreage.

Property details

MLS #
100569450
Property type
Improved
Subdivision
Forest View
Status
Active
Days on market
167
On market date
April 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
16.11 acres
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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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Rockfish Hoke Elementary
1.93 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
651
Student:teacher ratio
14.2:1
District
Hoke County Schools
Middle
Sandy Grove Middle
3.37 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
646
Student:teacher ratio
17.0:1
District
Hoke County Schools
High
Hoke County High
6.6 mi away · Grades 9-12
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
1,988
Student:teacher ratio
15.9:1
District
Hoke County Schools

Walkability

Blended score for Raeford'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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

16
Very car-dependent
out of 100
EPA National Walkability Index
3.2 / 20 -- Least walkable

Market position

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

On the market 167 days -- 52 more days than Raeford's current average of 115 days.
For reference, the median list price across 445 active listings in Raeford right now is $315,000.

Mortgage calculator

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

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Est. monthly payment
$63,382/mo
$2,100,000 down
$8,400,000 loan
Principal & interest$54,482
Property tax (est.)$8,750
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 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.