$1 Auction – 15 Custom Home Lots (NEW RELEASE) | Carrington Lakes Subdivision | Birmingham MSA

Investment Highlights

• 15 Individually Parceled Residential Lots: Carrington Lakes provides a gated, master-planned setting within the Birmingham metropolitan area.
• Affluent Birmingham MSA Residential Setting: Average household income exceeds $145,499 (3-mile), supporting strong purchasing power across the area.
• Established Three-Mile Housing Fundamentals: Average home values reach approximately $369,283 within a three-mile radius of the property.
• Resort-Style Amenities Inside Gated Community: Residents enjoy stocked lakes, pool, clubhouse, fitness center, courts, trails, gazebo, and more.

 

Offering Summary

Brokered by Marcus & Millichap, Ingram & Associates, and powered by RealINSIGHT Marketplace, this offering includes 15 individually parceled custom home lots within the gated Carrington Lakes master-planned community in Trussville, Alabama, part of the Birmingham MSA. Offered with FIRST BID MEETS RESERVE, the Property presents a compelling residential development opportunity in an established community with resort-style amenities. The lots range from approximately 0.43 acres to 0.84 acres and benefit from access to a clubhouse, junior Olympic-sized pool, tennis courts, playground, stocked fishing lakes, boat launches, walking trails, and more. Current HOA dues are $715 annually for undeveloped lots and $1,430 annually for developed lots. Residential zoning across the offering includes R-1, R-2, and RG designations, supporting a range of single-family development options with varying minimum lot-size requirements. The combination of individually parceled sites, community amenities, and Birmingham MSA location creates flexibility for builders, developers, and investors seeking residential land in an affluent suburban setting.

Location

Trussville is one of the fastest-growing areas around Birmingham. Some of Alabama’s largest employers, including the University of Alabama at Birmingham (UAB), Regions Financial Corp., and St. Vincent’s Health System, are located in the Birmingham area. Automotive manufacturing is a dominant sector in the region, with four automakers within an 80-mile radius of downtown Birmingham. From 2020-2025, the area around the Property experienced a 5.11% population growth within a three-mile radius, with an additional 2.79% growth expected from 2025-2030. In 2025, the Property had approximately 38,081 individuals residing within a five-mile radius, with an average household income of ±$126,002.