Avalaire Closes On More Than 100 Acres In North Raleigh For $10.5 Million
Homebuilders Prepare To Break Ground On Premier North Raleigh Community
RALEIGH, N.C., January, 2016 – Avalaire, North Raleigh’s premier destination for luxury living, recently closed on more than 100 acres of land for phase one of the community near the intersection of Durant Road and Honeycutt Road for $10.5 million. Construction is expected to begin in May 2016 on phase one, which will include 56 home sites. Each site ranges from three-fourths of an acre to just under three acres, with home prices from $1 million and up. Phase two, comprising an additional 60 acres and 34 lots, is expected to begin in 2017.
An all-star roster of the Triangle’s most exclusive builders are eager to break ground, including Rex Bost, president of Bost Custom Homes, whose team has been selected to design and build the model home in Avalaire.
“We’re tremendously excited to build in what will fast become one of Raleigh’s most beautiful and prestigious communities,” Bost said. “Avalaire is truly a gem in the sense that no community of this scope, in such a prime location, has been built in Raleigh in nearly a decade.”
The roster of builders also includes:
• Arthur Rutenberg Homes
• Homestead Building Company
• KJ Construction
• Loyd Builders
• Phil Miller Construction
• Robuck Design Build
• Rufty Homes
• Young Homes, Inc.
Notably, Avalaire will preserve 25 percent of its acreage as natural habitat, a sharp contrast from other developments that clear cut land for residential development. Spacious parks and meandering walking and biking trails will complement the community’s landscape.
“It’s exciting to see this project come to fruition,” said Mark MacDonald, Avalaire developer. “The response from builders, realtors and buyers has been incredible. As we approach the first turn of dirt at Avalaire, more and more people are recognizing that the large lot sizes, prime location and outstanding list of custom builders make this community truly special.”
Coldwell Banker Howard Perry and Walston’s The Young Team serves as the exclusive sales team for Avalaire. John and Leslie Young have been consistent multi-million dollar producers specializing in the North Raleigh luxury market and are members of the Luxury Home Marketing Group. They have received recognition as recipients of Coldwell Banker’s International President’s Elite Award and Team of the Year Award, and have been ranked among the top 10 Coldwell Banker teams in North Carolina. For more information about Avalaire visit Avalaire.com.
ABOUT AVALAIRE:
Avalaire is the greater Triangle region’s premier destination for luxury living. Located in the heart of North Raleigh just off Durant Road, Avalaire is minutes from the area’s best schools, fantastic restaurants and great shopping. Avalaire will offer beautiful parks and meandering trails throughout the community, 25 percent of which is dedicated to the preservation of its natural resources. Two-centuries-old oaks will border the grand entrance, leading the way to 56 gorgeous home sites, which range from three-fourths of an acre to just under three acres. Residents of the community will also enjoy no city taxes in addition to the serene atmosphere. For more information, visit Avalaire.com.
