Lake Forest Homes with Basement

Welcome to Lake Forest, a picturesque subdivision nestled in the heart of Chapel Hill, North Carolina. Known for its serene landscapes and vibrant community spirit, Lake Forest offers an idyllic setting for families, professionals, and retirees alike. With its charming tree-lined streets and beautifully maintained homes, this neighborhood is a true gem in Orange County.

One of the standout features of Lake Forest is its diverse range of homes, many of which boast spacious basements. These versatile spaces can be transformed into cozy family rooms, home offices, or even personal gyms, providing homeowners with the flexibility to create the perfect environment tailored to their needs. The basements not only enhance the livability of the homes but also add valuable square footage, making them a sought-after feature in this desirable community.

Residents of Lake Forest enjoy easy access to the best that Chapel Hill has to offer. From top-rated schools and local parks to a vibrant downtown filled with shops, restaurants, and cultural attractions, there’s never a shortage of activities to engage in. The community is also conveniently located near major highways, making commutes to nearby cities a breeze.

Embrace the charm of Lake Forest, where community connections flourish and homes with basements provide endless possibilities. Whether you’re looking to settle down or invest in a property, Lake Forest is a neighborhood that promises comfort, convenience, and a welcoming atmosphere. Come discover your dream home in this enchanting Chapel Hill subdivision today!

Newest Lake Forest Homes with Basement

$3,250,000

6 Beds ⋅ 7 Baths ⋅ 10195421 MLS ⋅ ACTIVE Status

This luxury lake front estate, is located in the heart of the beloved Lake Forest neighborhood on the widest most private part of Eastwood lake. This one of a kind home is where the original builder used reclaimed heart of pine floors, kiln dried hand made brick and an incredible wood front door from the Teague Estate. The almost acre flat lot is located on a quiet cul de sac, with a circular drive, and beautiful mature landscaping/grassy backyard. The lakefront has an incredible stone gazebo and deck, walk-in beach, perfect to enjoy a lake life of kayaking, windsurfing, paddle boarding, swimming, fishing or just a relaxing float. Overall, this exceptional home has been beautifully renovated with only the best new world aesthetics, but has maintained that old world charm. The Chef's kitchen has a Thermador gas range, a built in side by side Sub-zero refrigerator, granite, stainless, and eat-in kitchen island. The incredible main floor large primary suite has a retreat, walk in closet, ensuite bath, opens to a private deck and of course has endless views of the lake. The primary ensuite bath has double vanities, large soaking tub, and separate shower. The main level features reclaimed heart of pine flooring, family room with fireplace that opens to the chef kitchen and breakfast nook, a formal dining room anchored by a stunning chandelier and a grand living room with fireplace. The living room opens to a three-season enclosed porch with tongue and groove ceiling, which opens to a back deck and all have incredible lake views. The second floor has three bedrooms, two which share a jack and Jill bath and there is another full bath on this floor. The lower level has walls of windows opening to a patio, beautiful views of the lake, fireplace, recreation room, and play room. It also has a mini-kitchen, and two bedrooms all which could be a great in-law suite. One of the lower level bedrooms has a retreat as well as opens to a private patio. Finally, there is a wonderful space over the garage with a separate exterior entrance that the current owner uses as a music room, but is great flexible space and It also has a half bath. East Chapel Hill school district, minutes to shopping and fine restaurants, five minutes to UNC/Downtown Chapel Hill and fifteen minutes from Duke University. A once in a lifetime opportunity with everything you could desire at an exclusive resort, but right here at home in the southern part of heaven, Chapel Hill!

2140 N Lakeshore Dr, Chapel Hill

$589,000

3 Beds ⋅ 3 Baths ⋅ 10191067 MLS ⋅ ACTIVE Status

NATURE LOVERS! Tucked away on over half an acre in Lake Forest, this unique 3 bedroom, 2.5 bath home offers a rare sense of privacy surrounded by serene nature and best of all, no HOA dues. The wooded lot, creek, deck and gardens create your very own peaceful retreat all while still being convenient to North Raleigh. With over 2,200SF, this home just needs a little TLC to become the oasis of your dreams. Enjoy a finished sunroom, warm hardwood floors, a spacious kitchen with custom cabinetry, a fireplace and dining room. Large windows bring the outdoors in and showcase the lush surroundings from nearly every angle. The property also features a garage storage shed, and plenty of outdoor spaces to relax or garden. If you've been looking for a home with character, space, and a connection to nature, this one is it! CARPETS HAVE BEEN EDITED IN PHOTOS. SELLER OFFERING CONCESSIONS TO REPLACE STAINED CARPETS.

814 Lake Forest Dr, Raleigh

$960,000

5 Beds ⋅ 4 Baths ⋅ 10165019 MLS ⋅ ACTIVE Status

Nestled in the heart of the sought-after Lake Forest community, this private, updated 5-bedroom, 3.5-bath home offers 2,607 sq ft of light-filled living space across three levels. Built in 1967 on a 0.68-acre wooded lot, it blends timeless charm with modern updates — and sits in the award-winning Chapel Hill Schools district. A short walk away is the neighborhood's crown jewel: 47-acre Eastwood Lake, a private amenity reserved exclusively for Lake Forest residents. This rare, resident-only lake access is a defining feature of the community and one of the many reasons homes here are so highly sought after. Step onto the inviting covered front porch and into a thoughtfully designed floor plan with seamless flow between living spaces. The warm family room features custom built-ins and opens directly to a stunning screened porch and adjoining 16×20 deck — ideal for relaxing or entertaining while enjoying the surrounding natural beauty. A formal dining room connects to the updated kitchen, complete with granite countertops, stainless steel appliances, and a breakfast area. The main level includes a flexible bedroom, perfect for guests or a home office, plus a formal foyer and convenient laundry area. Upstairs, the spacious primary suite (18.3×14) offers a walk-in closet and a private bath, accompanied by three additional bedrooms. The walk-out lower level provides exceptional versatility — ideal as a recreation room, media space, or home gym — with a large 10×23 den, built-ins, a WIC, and access to a covered 14×17 deck overlooking the private, fenced backyard. Additional features include an 11-room layout, a 7×11 shed, and an unfinished basement with expansion potential. Just a short stroll to the exclusive, resident-only Eastwood Lake and moments from shopping, dining, and everyday amenities, this home offers a rare combination of privacy and convenience in one of Chapel Hill's most desirable neighborhoods.

301 Woodhaven Rd, Chapel Hill

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .