
507 Phar Lap LaneBahama, NC 27503
Listed by Choice Residential Real EstateWelcome to the equestrian community of Black Horse Run. Located in the Southern section of the subdivision and adjacent to the ample community amenities, this one acre lot allows you to have horses onsite. The first floor features hardwood flooring throughout the living spaces. A Formal Living Room off the foyer opens to the Formal Dining Room. The Kitchen is thoughtfully designed, featuring a peninsula adjacent to the Breakfast Bay that enhances both functionality and social interaction within the space, as well as offering great cabinet storage and pantry space with shelving. The Family Room provides a focal point for relaxation and entertainment, centered around an inviting masonry fireplace and includes built in bookshelves. Further enhancing the property's utility is a large two car garage with mud sink and storage room. A Laundry Room off the garage entry hall features an additional laundry sink and storage closet. Four bedrooms and two full bathrooms on the second level, as well as a bonus room with rear staircase. The T-shaped bonus is large enough to accommodate a pool table, poker/sitting area, and a wing that housed a sitting/TV area and small bar. The third floor offers a teen/in-law suite with sitting area and full bathroom. Outside enjoy the three season room with sliding glass windows and natural gas heater. The three season room (142 sq.ft. included in heated square footage, but not cooled) is adjacent to the large screened porch off the family room. The screened porch opens to the tiered deck that overlooks a wooded backyard with a small creek meandering through the back portion of your one acre lot. Community Amenities include Pool, Clubhouse, Tennis/Pickleball, Basketball, Playground, and Horse Pastures, Riding Ring, and 11+ miles of trails. Limited opportunities for stall rentals open from time to time at the community barn. Sealed Crawlspace. Tankless Hot Water. 2025 1st Floor HVAC.
Property boundary from county GIS
Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.
| Date | Event | Price | Change |
|---|---|---|---|
| Sep 10, 2026 | Price Reduced | $700,000 → $675,000 | ▾ $25,000 (3.6%) |
| Aug 19, 2026 | Price Change | $735,000 | — |
* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

Listed by Choice Residential Real Estate
Listed by Howard Hanna Allen Tate Hillsb
Listed by Coldwell Banker Advantage
Listed by Carolina's Choice Real Estate
Listed by Long & Foster Real Estate INC/Raleigh
Listed by Ace Realty Group, LLC
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