Karl Mistry Of Toll Brothers Acquires Land In Pittsboro For $5.5M To Develop Ridgecrest Estates

A sale transaction has occurred for a single-family asset located at 130 Manns Chapel Road in Pittsboro, NC. The sale price for the property was $5,500,000. This property is set to be developed into Ridgecrest Estates, which will consist of 27 luxury homes starting from the low $900,000s.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $5,500,000
• Buyer: Karl Mistry
• Buyer’s Company: Toll Brothers
• Location: 130 Manns Chapel Road, Pittsboro, NC

This transaction contributes to the growth of high-end residential developments in Chatham County, which has seen a population increase of about 9,000 since 2020. The development will add to the area's expanding pipeline of luxury housing options.