
507 Phar Lap LaneBahama, NC 27503
Listed by Choice Residential Real EstateSet back among mature trees, this property gives you a rare combination in Raleigh: space to breathe and room for animals, without giving up a real neighborhood feel. From the moment you pull into the driveway, this home invites you in. The front porch is begging you to stay a while. Stop and enjoy the views from the swing: privacy, mature trees and the 1.53 acre lot. You may spot the neighbors moving their horses between neighborhood trails or pastures. Inside, the main floor offers a bedroom and full bath — great for guests, in-laws, or one-level living down the road. The kitchen's expansive counter space makes meal prep easy with plenty of work space to spread out. The formal living room looks out over the wooded yard. It could also function well as a home office, a game room (mahjong anyone?) or additional living space. Upstairs, three bedrooms have generous closet space. The primary suite is spacious with an updated bath and his and hers walk-in closets. The hidden surprise in this home is a partial basement that is unfinished but very usable. It stays temperate year-round, so it can provide storage, a workshop, a place for a ping pong table , a home gym, or whatever you need it to be. The 2-car garage has an expansive walk-up attic space offering tons of extra storage. The large back deck is a great space for gathering family and friends or sitting in peace at the end of a long day. This home is permitted for a 3 bedroom septic but has a 4th room with a closet. It would be easy to have 2 main floor offices in this home or it offers multigenerational living with a main floor bedroom and 2nd living space on the main floor. The beauty of this traditional floor plan is that it can transition for your way of living. Black Horse Run offers exceptional amenities including a brand new olympic sized pool with an active summer swim team. There is also a clubhouse, tennis courts, basketball courts, playground and picnic area. Horse trails wind throughout the neighborhood and there is a barn for boarding if space is available.
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.
* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

Listed by Choice Residential Real Estate
Listed by Coldwell Banker HPW
Listed by Compass -- Raleigh
Listed by Keller Williams Elite Realty
Listed by Redfin Corporation
Listed by Century 21 Southern Lifestyles
Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Triangle MLS, Inc. of North Carolina. Real estate listings held by brokerage firms other than REMAX Executive are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumer's personal, noncommercial use. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. This site is monitored for scraping. Any use of listing data obtained from this web site, other than by a consumer looking to purchase real estate, is prohibited. This data has been updated as of Sep 20, 2026.