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$600,000

0 Palms Way
Forest City, NC 28043
Listed by Emily Macon · Robert Greene Real Estate, Inc
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
2007

About this home

This exceptional developed subdivision in Forest City, North Carolina offers a rare investment and development opportunity across ~38 acres. The property includes 29 individual parcels, making it ideal for developers, investors, or builders looking to complete a thoughtfully planned residential community. Much of the groundwork has already been completed; with utilities available including water, natural gas, w/some sewer access, and streets with curbing, drainage and lighting, all significantly reducing upfront development costs and timelines. The layout provides flexibility for a variety of residential home styles while maintaining the charm and appeal of a small-town setting. Located in a growing area known for its scenic surroundings and convenient access to nearby amenities, the property combines development readiness with strong long-term potential. With demand increasing for quality housing in the region, this subdivision represents a strategic opportunity to bring a desirable community to market. Whether you're a developer seeking a ready-to-finish project, an investor looking for long-term value, or a builder wanting multiple mature homesites, this Forest City subdivision offers the scale, infrastructure, and location to make your vision a reality.

Highlights

Private pool

Property details

MLS
Canopy MLS
MLS #
CAR4404590
Property type
N/A
Subdivision
N/A
Status
Active
Days on market
N/A
On market date
July 16, 2026
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
Forest City-Dunbar Elementary School
0.88 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
470
Student:teacher ratio
12.7:1
District
Rutherford County Schools
Middle
East Rutherford Middle School
3.2 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
543
Student:teacher ratio
14.3:1
District
Rutherford County Schools
High
East Rutherford High School
4.01 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
685
Student:teacher ratio
13.4:1
District
Rutherford County Schools

Walkability

Blended score for Forest City'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).

24
Car-dependent
out of 100
EPA National Walkability Index
5.7 / 20 -- Least walkable
Google Places amenity density
18 / 100
Restaurants & cafes2
Grocery stores1
Parks0
Schools1
Transit stops1
Pharmacies0

Market position

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

On the market 0 days -- 161 fewer days than Forest City's current average of 161 days.
For reference, the median list price across 137 active listings in Forest City right now is $235,000.

Mortgage calculator

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

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Est. monthly payment
$3,763/mo
$120,000 down
$480,000 loan
Principal & interest$3,113
Property tax (est.)$500
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 16, 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.