GlenLake South is just west of Raleigh in the hills overlooking Crabtree Valley. The neighborhood was initially designed with a mix of cottage homes, manor homes, villas, and townhomes boasting early 20th century architectural styled homes with lots of stone, brick, and cedar shake accents. Home prices were set from $700k to over a million, but that’s about to change.
Ashton Woods Homes has purchased the remaining lots from SouthTrust bank for approximately $7 million. No home price estimates have been reported, but speculations is that home prices will probably be in the area of $500,000.
More details can be found from the Triangle Business Journal report GlenLake Finds Buyer