$575,000
NEW CONSTRUCTION $25K PRICE DROP

1206 Masters Place Way Unit 151 Durham, NC 27703

Eastern Durham Neighborhood

Estimated payment $3,426/month

Total Views 2,587
3 Beds
3.5 Baths
2,615 Sq Ft
$220 Price per Sq Ft

Highlights

  • On Golf Course
  • Tennis Courts
  • Active Adult
  • Fitness Center
  • New Construction
  • Clubhouse

About This Home

Welcome home to luxury living in this vibrant 55+ community! This stunning Thorpe plan offers 3 bedrooms and 3.5 bathrooms, thoughtfully designed for both comfort and style—all nestled on a spacious, beautifully landscaped lot with a view of the golf course! Step inside and you're immediately greeted by a generously sized guest suite with its own private full bath, perfectly paired with a versatile study just across the hall—ideal for a home office, library, or creative space. At the heart of the home, the bright and airy kitchen is a chef's delight, boasting a hidden walk-in pantry, an impressive 10-foot island, and ample room for entertaining. The open-concept layout flows effortlessly into the dining and family room, creating a warm and inviting space for gatherings of any size. Glass sliding doors lead directly from the family room to your covered patio—an ideal spot for outdoor dining, morning coffee, or simply taking in the peaceful green surroundings. The private primary suite is a true retreat, featuring a beautifully designed bathroom with dual vanities, a seated shower, and a sprawling walk-in closet built for convenience and style. A third bedroom, complete with its own ensuite bath, offers ultimate privacy for guests or extended family. Don't miss this rare opportunity to embrace elevated, low-maintenance living in a home that checks every box. Schedule your private showing today—your dream home awaits!

Listing Agent

Jolene Johnson

SM North Carolina Brokerage License #254251 Listed on: 06/30/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,097

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 9,878 Sq Ft Lot
  • On Golf Course
  • Partially Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Property Views

  • Golf Course
  • Woods

Home Design

  • Home is estimated to be completed on 9/30/25
  • Traditional Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,615 Sq Ft Home
  • 1-Story Property
  • Smooth Ceilings
  • High Ceiling
  • Entrance Foyer
  • Home Office
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Walk-In Pantry
  • Built-In Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island

Flooring

  • Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Primary bathroom on main floor
  • Private Water Closet
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Tennis Courts
  • Covered Patio or Porch

Schools

  • Oakgrove Elementary School
  • Neal Middle School
  • Southern High School

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Gas Water Heater
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 0861-93-2621

Community Details

Overview

  • Active Adult
  • Association fees include cable TV, ground maintenance
  • Elite Management Association, Phone Number (919) 233-7660
  • Built by Stanley Martin Homes, LLC
  • Falls Village Subdivision, The Thorpe Floorplan
  • Falls Village 55+ Community
  • Maintained Community

Amenities

  • Clubhouse
  • Recreation Room

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,097

Year Built

Built in 2025 | New Construction

Lot Details

0

HOA Fees

$275 per month

Parking

2

Listing Details

  • Builder Name: Stanley Martin Homes, LLC
  • Building Name: Stanley Martin Homes
  • Builder Model: The Thorpe
  • Year Built: 2025
  • Prop. Type: Residential
  • Road Frontage Type: Golf Course
  • Reso Association Fee Includes: Cable TV, Maintenance Grounds
  • Subdivision Name: Falls Village
  • Above Grade Finished Sq Ft: 2615.0
  • Architectural Style: Ranch, Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: Yes
  • Effective Year Built: 2025
  • General Property Information Association Fee Required YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Wall Oven: Yes
  • Architectural Style Ranch: Yes
  • Attic Features Pull-Down Stairs: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Tile: Yes
  • Foundation Details Slab: Yes
  • Interior Features Water Closet: Yes
  • Laundry Features Laundry Room: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Security Features Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Contract Information Estimated Completion Date: 2025-09-30
  • Interior Features Smooth Ceilings: Yes
  • Lot Features Hardwood Trees: Yes
  • Property Condition Framed: Yes
  • Room Types Bedroom 2 Level: Main
  • Room Types Bedroom 3 Level: Main
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: Main
  • Interior Features Shower Only: Yes
  • General Property Information Association Phone: 919-233-7660
  • General Property Information Senior Community YN: Yes
  • General Property Information Enhanced Accessible2: No
  • General Property Information Monthly Association Fees2: 275.0
  • Roof:Shingle: Yes
  • Cooling Gas3: Yes
  • General Property Information Above Grade Finished Area: 2615.0
  • General Property Information Carport YN: No
  • Room Types Primary Bathroom Level: Main
  • View TreesWoods: Yes
  • Vegetation Partially Wooded: Yes
  • General Property Information Senior Community Name: Falls Village 55+
  • Frontage Type Golf Course2: Yes
  • View Golf Course3: Yes
  • General Property Information Lot Size Square Feet2: 9878.0
  • General Property Information Building Name: Stanley Martin Homes
  • General Property Information Lot Size Acres: 0.2268
  • General Property Information Stories2: 1
  • Other Structures Tennis Court(s)4: Yes
  • General Property Information Builder Name: Stanley Martin Homes, LLC
  • General Property Information Builder Model: The Thorpe
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1
  • Year Renovated: 2025

Interior Features

  • Flooring: Luxury Vinyl, Tile
  • Interior Amenities: Entrance Foyer, High Ceilings, High Speed Internet, Kitchen Island, Pantry, Primary Downstairs, Shower Only, Smooth Ceilings, Walk-In Closet(s), Water Closet
  • Appliances: Dishwasher, Gas Cooktop, Gas Water Heater, Wall Oven
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Gas Cooktop: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Gas Water Heater: Yes
  • Interior Features:High Speed Internet: Yes
  • Community Features:Golf: Yes
  • Interior Features:Kitchen Island: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.23
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Porch
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:On Golf Course: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 4.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage: Yes
  • General Property Information:Garage Spaces: 2.0
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Parking Total: 4.0
  • General Property Information:Open Parking YN2: Yes
  • General Property Information:Open Parking Spaces2: 2.0

Utilities

  • Heating: Forced Air
  • Cooling: Gas
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Community Features: Golf
  • Senior Community: Yes
  • Association Fee: 275.0
  • Association Fee Frequency: Monthly
  • Association Name: Elite Management
  • Phone: 919-233-7660
  • Association: Yes

Association/Amenities

  • General Property Information:Association Name: Elite Management
  • Association Amenities:Pool: Yes
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Cable TV2: Yes
  • Association Amenities:Tennis Courts: Yes
  • Association Amenities:Clubhouse: Yes
  • Association Amenities:Golf Course: Yes
  • Association Amenities:Dog Park: Yes
  • Association Amenities:Landscaping: Yes
  • Association Amenities:Recreation Room: Yes
  • Association Amenities:Fitness Center: Yes
  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 275.0
  • General Property Information:Association Fee Frequency: Monthly

Schools

  • Ninth Grade High School: Durham - Southern
  • Middle Or Junior School: Durham - Neal

Lot Info

  • Lot Size Sq Ft: 9878.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0861-93-2621

Tax Info

  • Tax Annual Amount: 0.99
  • Tax Year: 2025

MLS Schools

  • Elementary School: Durham - Oakgrove

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,097 $110,700 $110,700 $0
2024 $1,744 $125,000 $125,000 $0
2023 $1,637 $125,000 $125,000 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2025 09/20/25 Price Changed $575,000 -3.4% $220 / Sq Ft
09/18/2025 09/18/25 Price Changed $595,000 -0.8% $228 / Sq Ft
06/30/2025 06/30/25 For Sale $600,000 -- $229 / Sq Ft
Source: Doorify MLS

Source: Doorify MLS

MLS Number: 10106563

Doorify MLS

APN: 232915