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740 Cedar Brook Way, Chapel Hill, NC, 27516

2beds
3baths
2,924sqft
$2,500,000
$855price/sqft
$15,415/moest. monthly cost
$616,600/yrincome needed

About This Home

A rustic ramble through twenty-eight picturesque acres of Piedmont forest in Chapel Hill suddenly reveals this singular and stunning cozy Brutalist home, perched over idyllic Neville creek encircling a secluded property surrounded by lush flora and fauna. Designed by revered local architect Louis Cherry, the house draws inspiration from the domestic architecture of modernist masters Le Corbusier and Carlo Scarpa with their emphasis on graceful functionality, industrial materials, and open spaces. A classic modernist deck house once stood on the building site; unfortunately, it could not be saved. For his vision of the new home, the owner fully embraced the concept of ruinenlust, leaving the abandoned brick chimney and former foundation to provide contrast and counterpoint, counterpoising these discrete derelict structures alongside the bold, clean lines of the new cantilevered concrete construction. The house is rich in materials that soften the industrial concrete framework, from the reclaimed 19th century wide-plank hardwood floors (each hand-stained for uniformity), to the inviting tactility of the burlap walls in the living room, to the design-forward Enzo Mari-esque plywood kitchen. These thoughtful details are further elevated by the sweeping floor-to-ceiling windows, which suffuse the expansive interior spaces with sunlight and shadowplay, reflecting flickering glimpses of the landscape outdoors onto the walls and across the floors. The house unfolds over three levels, including two bedrooms, each with an ensuite bathroom featuring Heath Ceramics tiles, Duravit sinks and Hansgrohe faucets. The library sitting room, which could double as a third bedroom, is just off the long corridor overlooking the front courtyard. The heart of the home is the open entertaining space, with ample room for an oversized dining table, and the deep sunken living room, with its impressive fireplace hearth and custom built-in cabinetry. The stairs lead up to a third level and open out onto a spacious screened-in porch and an open rooftop deck that offers a tree-house vista of the surrounding scenic woodlands. A network of trails weaves through the property, leading to a magnolia grove established by the former owners of the original deck house, who were expert rare magnolia specimen collectors. It's an outdoor space perfect for peaceful contemplation, parties, or even pastoral weddings. This dreamy location is surprisingly only 3 miles from downtown Carrboro, where you can frequent all the best bars, coffee shops, restaurants, and grocery stores in the area. This remarkable home is truly incomparable, utterly unlike any other in the Triangle.

Getting Around

1
WalkingCar-Dependent
0
TransitNo Nearby Transit
5
BikeSomewhat Bikeable

Schools

8/10
Mcdougle Middle SchoolGrades 6-82.3 mi
9/10
Chapel Hill High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 2015

Materials

  • Foundation: Concrete,Concrete Perimeter
  • Roof: Membrane
  • Construction materials: Concrete

Type & Style

  • Home type: SingleFamily
  • Architectural style: Modern
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Dishwasher,ENERGY STAR Qualified Dishwasher,Free-Standing Refrigerator,Gas Range,Instant Hot Water,Oven,Plumbed For Ice Maker,Stainless Steel Appliance(s),Tankless Water Heater,Washer/Dryer,Water Heater,Water Purifier Owned,Water Softener

Basement

  • Has basement: Yes
  • Basement: Concrete, Storage Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Eat-in Kitchen,Entrance Foyer,High Ceilings,Kitchen Island,Kitchen/Dining Room Combination,Open Floorplan,Separate Shower,Smart Home,Smart Thermostat,Sound System,Storage,Walk-In Shower
  • Window features: Aluminum Frames,Skylight(s)
  • Flooring: Hardwood,Tile
  • Finished area below ground: 0
  • Finished area above ground: 2,924

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,924
  • Total interior livable area: 2,924 sqft

Property

Details

  • Parcel number: 9768506679
  • Zoning: RB
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Patio & porch: Covered,Deck,Patio,Porch,Screened
  • Exterior features: Balcony,Courtyard,Garden,Outdoor Shower,Private Entrance,Private Yard,Storage,Uncovered Courtyard
  • Fencing: None
  • Has view: Yes
  • View description: Creek/Stream,Forest,Panoramic,Trees/Woods
  • Has water view: Yes
  • Water view: Creek/Stream

Lot

  • Lot size: 28.44 Acres
  • Features: Back Yard,Garden,Gentle Sloping,Hardwood Trees,Landscaped,Native Plants,Orchard(s),Partially Cleared,Private,Rolling Slope,Secluded,Views,Wooded

Parking

  • Parking features: Gravel,Outside,Parking Pad,Shared Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Lightning
Tornado
Winter Weather

FEMA Declared Disasters in Orange County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,641$151,692
Home Insurance *$692$8,304
Property Taxes $1,810$21,720
Electricity $272$3,268
Total$15,415$184,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$528,514/yr
40% on housing$462,450/yr
45% on housing$411,066/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$855This listing

vs Other Active Listings

Avg $/sqft

ZIP 27516$285
Orange County$271

vs Homes Sold Last Month

Median $/sqft

ZIP 27516$266
Orange County$264

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$2,500,000
2011-03-31Sold$525,000

For Sale by Agent

AgentSamantha Greaves
BrokerageCompass -- Chapel Hill - Durham

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