Chatham Park developer snaps up nearly 50 acres in Lee County
One of the developers behind Chatham Park recently turned his gaze southward to Lee County.
1715 Carthage Street LLC – a business addressed to Cary-based Preston Development – purchased about 48 acres in Lee County for $1.9 million, according to a deed filed March 17. The land sits along Carthage Road about five minutes south of downtown Sanford.
The purchase signifies how hot of a housing market Sanford, and Lee County in general, has become. During one Sanford City Council meeting earlier this month, over 1,000 new homes were approved.