LOCATION, LOCATION, LOCATION!Exceptional opportunity to live in the heart of downtown Chapel Hill's coveted Historic District. This custom-built home (2008) is situated within an Opportunity Zone, offering valuable tax incentives for those reinvesting capital gains.Enjoy unmatched walkability--just two blocks from Franklin Street and the University of North Carolina's picturesque campus, including Kenan Stadium and the Dean Dome.The home's timeless exterior blends beautifully with an open interior layout. Its elevated setting fills the home with natural light, while the warm design palette and fine finishes create a welcoming atmosphere. The home measures 4,420 sq. ft. above grade and an additional 1,528 sq. ft. below grade.The grand entryway opens to an elegantly paneled dining room and a flexible guest suite or home office. The spacious family room centers around a natural stone, woodburning fireplace handcrafted by a local artisan. A set of three French doors connects the indoor living space to a large rear deck. The chef's kitchen is highlighted by an oversized granite island, walk-in butler's pantry, stainless steel appliances, and designer lighting. These features are perfect for entertaining. Upstairs, the Owner's Suite offers a serene retreat with a luxurious bath, custom walk-in closet, private seating area, and balcony. The third floor includes a media room with a cozy lounge area, perfect for movie nights or quiet relaxation.The lower level (1,528 sq. ft.) provides interior and exterior access and includes a full kitchen, flexible bedrooms, and exercise or studio space. This can serve as additional guest space, rental income, or multigenerational living.Recent upgrades include fresh interior paint and deck paint along with new light fixtures, carpet, and landscaping.