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5168 NC 42New Hill, NC 27562
Harris Ridge
Asset ClassLand
overview of deal

Overview

  • 49 Large Lots
  • Paper entitled April 2026
  • 2.9 acre Average Lot size
  • 80K per lot
  • $2M estimated dev cost
  • 3 Miles from innovation point (Moncure megasite)
  • 10 Miles from Verida (NC Children hospital)

 

 

Harris Ridge is a 142-acre residential development in Chatham County, North Carolina, positioned just south of Harris Lake and near the Harnett and Wake County lines. The approximate address is 5200 NC Highway 42, New Hill, NC 27562, and the tract is identified as parcel ID 5683 in Chatham County. Planned as a low-density, estate-lot community, the project comprises 49 home sites, each designed to provide rural seclusion with convenient access to regional amenities.

 

Harris Ridge blends rural tranquility with strategic access to growth corridors. Estate-sized lots, individual utility systems, and county-approved wetlands delineation reduce development risk. Nearby recreation on Harris Lake and the forthcoming Triangle Innovation Point manufacturing hub enhance appeal for both lifestyle-driven buyers and investors seeking long-term appreciation. With large lots, proximity to job centers, and a setting only 1½ miles from a public boat ramp, Harris Ridge is positioned to capture demand from buyers seeking a private, semi-rural lifestyle close to the economic dynamism of the Research Triangle.

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Investment Highlights

• Estate-size lots: The 142-acre tract is subdivided into lots ranging from 1.5 to 4 acres (average ~2.8 acres), offering homeowners space and privacy.

 

• Utility infrastructure: Each lot will use individual well and septic systems. The soils have been tested and mapped, and conventional septic systems are feasible on all lots.

 

• Natural setting: The property borders wetlands and wooded areas adjacent to Harris Lake. The lake is southeast of Jordan Lake and hosts the Cross Point Landing boat ramp, a public boat access operated by the N.C.Wildlife Resources Commission.

 

• Regional roads: Harris Ridge fronts NC-42, providing direct east-west access. U.S. Highway 1 is roughly 6 miles to the east; from there, commuters can reach Interstate 540 in about 10 miles and the towns of Apex, Fuquay-Varina, and Holly Springs in 9–14 mile drives.

 

• Proximity to amenities: The development is close to daily-needs retail—13miles to both Walmart in Fuquay-Varina and Harris Teeter in Holly Springs—and minutes from recreational amenities on Harris Lake.

 

• Economic drivers: The property lies about 3 miles from Triangle Innovation Point near Moncure, where VinFast is constructing North Carolina’s first electric-vehicle manufacturing plant.

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5168 NC 42New Hill, NC 27562

Property Exclusively list by:

Robert FergusonVice President of Sales

License #: 329407

(919) 730-4348rferguson@sh-cre.com
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