506 Bayberry Drive Chapel Hill, NC 27517

****Property available for sale or rent. Rare Chapel Hill home near UNC offering flexible living, expansive outdoor space, and no HOA--ideally located in the Chapel Hill school district with the advantage of lower county taxes. Set on an elevated lot just minutes from the NC Botanical Garden and UNC campus and hospital, this thoughtfully updated home offers a unique blend of functionality, privacy, and character that stands apart from typical neighborhood properties. The reworked main level centers around a bright, open kitchen and living space, flowing seamlessly to two front decks with built-in seating--ideal for everyday living or entertaining. The kitchen features an induction cooktop, steam oven, warmer drawer, and a refrigerator that produces sparkling water. A large island which anchors the kitchen and opens to the dining area, includes a built-in beverage refrigerator. A gas line is available under the house for future use. The home's flexible layout provides multiple options for work-from-home, guest space, or multi-generational living, including a well-loved lower level that buyers consistently gravitate toward. The spacious family room comfortably accommodates 2 separate seating areas, one centered around a gas fireplace. The home offers 4 bedrooms and three and a half baths, along with a dedicated office and flexible additional room currently used as a home gym. A unique feature of the layout is the presence of two ensuite bedrooms, offering the flexibility of a primary suite on either the main floor or the second floor. The main floor bedroom is adjacent to the flex space and could serve as a nursery, office, gym, or additional living space. Upstairs you will find three additional bedrooms and a versatile bonus room currently used as a home office. One of the upstairs bedrooms also includes a Murphy bed, adding further flexibility to the space. Outdoors, the property truly shines.The expansive yard, set on a natural knoll, offers multiple usable zones for play, relaxation, or gardening along with a fully built treehouse tha can serve as a creative retreat, office, or play space. With no HOA and a rare sense of privacy, this is a property that invites you to live both inside and out. A storage building also conveys with the property. Extensive upgrades provide long-term peace of mind, including a 2019 metal shingle roof, HardiePlank siding , sealed attic and crawlspace, tankless water heaters, updated windows, and interior improvements throughout--delivering durability and low maintenance for years to come. The home also offers flexibility for future customization. Buyers seeking a dedicated laundry room or expanded primary suite will find multiple layout option to tailor the space to their needs over time. A rare opportunity to own a distinctive Chapel Hill home that balances location, lifestyle, and long-term potential.