
$329,000 $152/sqft
501 W 2nd Avenue
Lexington, NC 27292
4 bd · 2 ba · 2,170 sqft · 1911 · 19 d ago
Park Place has the feel of a small historic pocket tucked into Lexington, where older homes, mature landscaping, and front porches give the streets a settled, lived-in character.
Community overview based on MLS listing data for Park Place, Lexington
Park Place has the feel of a small historic pocket tucked into Lexington, where older homes, mature landscaping, and front porches give the streets a settled, lived-in character. The architecture leans into personality rather than uniformity, and that makes the neighborhood stand out right away. A 1920s home with a covered porch, original details, and modern updates captures the tone well: classic Southern presence paired with everyday comfort.
"Park Place blends historic character with the kind of updates that make daily living feel effortless."
This is a residential area made up of single-family homes, with the oldest examples dating to the early 1900s and the newest from the late 1920s. That range creates a consistent historic rhythm, even when individual homes have been renovated in different ways. Many homes feature generous lots, and the average lot size is just under half an acre, which helps the setting feel open without losing its neighborhood scale.
Interior details often lean toward the traditional side: fireplaces, formal dining spaces, large closets, and flexible rooms that can adapt to changing needs. Covered parking is common, and basement space appears in many homes as well, adding useful storage or bonus functionality. The overall impression is of a community that values character, space, and practical upgrades.
Park Place is not defined by a long list of subdivision amenities; instead, its appeal comes from the homes themselves and the way the neighborhood sits within the city. Covered porches, fenced yards, mature trees, and established landscaping shape the daily experience here. Historic features like stained glass, wood floors, and masonry details appear alongside refreshed kitchens, updated systems, and modern conveniences, so the neighborhood feels both rooted and ready for today.
"The charm here is architectural, while the convenience comes from being close to Lexington’s downtown core."
Park Place sits in the heart of Lexington, close to downtown arts, boutique shopping, dining, breweries, concerts, and the annual BBQ Festival. One listing also places the neighborhood moments from Childress Vineyards, reinforcing how centrally located this area is within the city’s everyday activity. The community is best understood as a downtown Lexington address rather than a subdivision on a major suburban corridor.
Specific school assignments were not provided in the MLS details, so the school section remains unspecified here. Even so, the location is straightforward for local errands and downtown outings, with the neighborhood’s central setting doing much of the work. For buyers who want an established address with historic appeal and easy access to Lexington’s core, Park Place delivers a distinctive option.
Palmetto Park Realty Team · Lexington
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2 recently sold in Park Place, Lexington
| Property | Sold | Sold Price | Days on Market | Size | Sold to Ask | Sold $/SF |
|---|---|---|---|---|---|---|
| | Jun 15 2026 | $546,500 | 58 | 4,540 sq ft | 99.5% | $120 |
| | Aug 26 2022 | $420,000 | 42 | 4,323 sq ft | 100.0% | $97 |
Closed sales from MLS history for Park Place, Lexington
Not enough recent sales in Park Place to chart a trend.
The Park Place real estate market shows balanced market conditions. Homes typically sell within 50 days. With 1 active listing and 1 home sold in the past year, a healthy balance exists between buyers and sellers.
Listings taken off the market in the past year in Park Place, Lexington
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