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$2,000,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • Updated 4 days ago
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Prime residential development property, city water, city sewer, city power all confirmed with capacity. Zoning is already correct for approximately 185 building lots, city of Albemarle has confirmed neighborhood will be approved as long as design meets ordinance which is obvious for any development. You do not need to go before city council for approval and a long entitlement process. The planning dept has 14 days to approve preliminary and make comment and then the city has 14 days to approve final. 28 days total involved from city when timed with monthly planning board meeting. There are no flood plains, endangered species, etc and if you want to work with the existing terrain then geo technical is simple. Absorb Charlotte.

Full Property Details for 1047 Pennington Rd

General

  • Price: $2,000,000
  • Status: Active
  • Type: Lots/Land
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4400336
  • Updated: 7/3/2026
  • Added to Site: 6 day(s) ago

Location

  • County: Stanly
  • Subdivision: Pennington Place
  • Driving Directions: Drive west on West Main St. Right to Concord Road/NC 73. Right to Blake Road. Property is on the right.

School Information

  • Elementary School: Central
  • Middle School: Albemarle
  • High School: Albemarle

Utilities

  • Sewer: Public Sewer
  • Water: City

Lot Features

  • Street/Road Desc.: Paved

Financial Considerations

  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Restrictions: Manufactured Home Not Allowed
  • Property ID: 6538-02-69-1076
  • Lot Number: 1880-1270

Listed by Beycome Brokerage Realty LLC

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Listing agent

— 1047 Pennington Rd —

  • Beycome Brokerage Realty LLC

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1047 Pennington Rd

School District:Stanly County Schools
NameGradesDistance
Central Elementary School, Albemarle, NC
206 North 3rd Street, Albemarle, NC 28001
K-51.5 mi
Albemarle Middle School
1811 Badin Road, Albemarle, NC 28001
6-83 mi
Albemarle High School
311 Park Ridge Road, Albemarle, NC 28001
9-121.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1047 Pennington Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/03/2026
Listed
$2,000,000
628.6%
MLS
10/06/2021
Sold
$274,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1047 Pennington Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$187
-5%
$16,686
3%
2024
$197
-91%
$16,173
-91%
2023
$2,079
31%
$170,429
-2%
2021
$1,582
-26%
$174,280
—
2022
$2,126
34%
$174,280
21%
2021
$1,582
-16%
$144,615
—
2019
$1,894
1%
$144,615
—
2018
$1,876
3%
$144,615
—
2017
$1,822
5%
$144,615
5%
2016
$1,729
1%
$137,199
—
2015
$1,711
-1%
$137,199
—
2014
$1,729
2%
$137,199
—
2013
$1,688
—
$137,199
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Beycome Brokerage Realty LLC

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1047 Pennington Road, Albemarle, NC 28001 (MLS# 4400336) is a Lots/Land property with a lot size of acres. 1047 Pennington Road is currently listed for $2,000,000 and was received on July 03, 2026. Want to learn more about 1047 Pennington Road? Do you have questions about finding other Lots/Land real estate for sale in Albemarle? You can browse all Albemarle real estate or contact a Coldwell Banker agent to request more information.

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