South Lakes, Fuquay-Varina NC: Neighborhood Guide and Homes for Sale

Caul Group Residential, brokered by eXp Realty

South Lakes is a master-planned community in Fuquay-Varina, built around a 30-acre lake with a kayak launch and a fishing pier (Main & Broad). Wake County records show 798 homes on South Lakes plats, most built from 2010 to 2023, with a median of about 2,699 heated square feet. The 59 recorded sales from October 2025 through September 2026 had a median of $515,000.

Here is where South Lakes is, the lake and pools, what the homes are like, recent sale prices, the HOA and how to check school assignment.

Where South Lakes is

South Lakes is inside the Town of Fuquay-Varina planning area, east of downtown, in the 27526 ZIP code (Wake County property records). The main entrance is on Jones Lake Road (Main & Broad).

Road distances from the South Lakes bath house, 3042 Jones Lake Road (OpenStreetMap routing, October 2026):

  • Fuquay-Varina Town Hall: 4.3 miles
  • Holly Springs Town Hall: 8.7 miles
  • NC State Capitol, downtown Raleigh: 17.3 miles
  • RDU Airport: 28.9 miles
  • Research Triangle Park: 33.4 miles

A short history

Wake County records show the first South Lakes homes in 2007. In 2009, South Lakes was named Master Planned Community of the Year by the N.C. Home Builders Association (Main & Broad). Of the 798 homes counted here, 58 date from the 2000s, 518 from the 2010s and 222 from 2020 or later, and building is still going on: 31 homes date from 2025 or 2026 (Wake County property records). The newer section is called North Lakes (Main & Broad).

The lake, pools and trails

The 30-acre lake separates South Lakes and North Lakes and has a kayak launch, a fishing pier and a picnic shelter. The community also has nearly 130 acres of green space, walking trails, two pools and a playground, as described in 2019 (Main & Broad). Wake County records show a bath house at 3042 Jones Lake Road, owned by South Lakes Master Association, with a 2008 date (Wake County property records).

Homes in South Lakes

Across the 798 homes (Wake County property records, October 2026):

  • Year built: 2010 at the 10th percentile, 2016 median, 2023 at the 90th percentile
  • Heated area: 1,980 square feet at the 10th percentile, 2,699 median, 3,302 at the 90th percentile
  • Lot size: 0.15 acres at the 10th percentile, 0.21 median, 0.31 at the 90th percentile

787 of the homes are detached. The 11 townhomes counted here were all built in 2026. Owners on record in October 2026 include builders Dream Finders Homes and H&H Constructors (Wake County property records).

Recent sale prices

Wake County records show 59 recorded sales from October 2025 through September 2026. The median was $515,000, the middle 80% ranged from about $365,500 to $710,000, and the highest was $825,000. 11 of the sales were homes built in 2025 or later. Resales alone had a median of $532,500 (Wake County property records).

HOA

County records show common areas owned by South Lakes Master Association, and a separate North Lakes Townes Homeowners Association. Ask which association a home belongs to. Ask for the dues, any special assessments and the resale fees for a specific home on the NC Residential Property and Owners' Association Disclosure Statement.

The South Lakes market right now

For the 27526 ZIP code, which covers Fuquay-Varina, Redfin reports for the three months ending September 2026:

  • Median sale price: $436,372, down 4.5% year over year
  • Median days on market: 59, compared with 42 a year earlier
  • Homes sold in September: 408, compared with 464 a year earlier
  • Sale-to-list price: 98.8%
  • Homes sold above list price: 10.5%
  • Homes with a price drop: 40.5%

What it means: the 27526 market slowed this fall, with a lower median, fewer sales and homes taking about 59 days to sell. South Lakes sold above the ZIP median. Pricing and presentation matter more when buyers have time and choices.

Assigned schools

The Wake County Public School System assigns by address. For 2026-27, all 60 sampled South Lakes addresses of detached homes were zoned for South Lakes Elementary, Fuquay-Varina Middle and Willow Spring High, all on a traditional calendar (WCPSS). None of the three was listed as capped. Confirm any address with the WCPSS address lookup tool.

Things to do nearby

  • The South Lakes lake, trails, pools and playground, for residents.
  • Downtown Fuquay-Varina and Town Hall, about 4.3 miles away.
  • Downtown Holly Springs, about 8.7 miles away.

Buying in South Lakes: what to check

  • Whether the home is a resale or new construction, and the builder warranty.
  • HOA dues, and which association the home belongs to.
  • Lake views, trail access and lot position.
  • School assignment by exact address.

See our buyer services page for how we help buyers.

Selling in South Lakes: what buyers ask about

  • Year built and the updates you have made.
  • How your home compares with new builder homes in the community.
  • Recent comparable resales in South Lakes.
  • HOA dues and amenities.
  • School assignment.

See how we sell homes, or start with a home value estimate.

South Lakes FAQs

Where is South Lakes?

South Lakes is in Fuquay-Varina, in ZIP 27526, with its main entrance on Jones Lake Road. It is about 4.3 miles by road from Fuquay-Varina Town Hall.

How big is the lake in South Lakes?

The lake is about 30 acres, with a kayak launch, a fishing pier and a picnic shelter. It separates South Lakes from the newer North Lakes section.

What do homes in South Lakes cost?

Wake County records show 59 sales from October 2025 through September 2026, with a median of $515,000 and a middle 80% range of about $365,500 to $710,000.

Is there new construction in South Lakes?

Yes. Wake County records show 31 homes dated 2025 or 2026, and builders still own lots in the community.

Does South Lakes have a pool?

Yes. The community has two pools, and county records show the bath house at 3042 Jones Lake Road owned by South Lakes Master Association.

Does South Lakes have an HOA?

Yes. County records show South Lakes Master Association, plus a separate North Lakes Townes Homeowners Association.

Which schools serve South Lakes?

In a sample of 60 addresses for 2026-27, all were zoned for South Lakes Elementary, Fuquay-Varina Middle and Willow Spring High. Check any address with the WCPSS address lookup tool.

Thinking of selling in South Lakes?

South Lakes homes range from early 2010s resales to brand new builder homes, and buyers weigh both. We price from recent South Lakes resales of comparable homes, with an eye on what new construction nearby is offering.

Caul Group Residential is the #1 Resale Team in the Triangle. Our office is at 201 Shannon Oaks Circle, Suite 200, Cary, NC 27511. RealTrends Verified 2026 (based on 2025 sales) ranks our team, "Caul Team," #1 in Raleigh by sides and by volume. See the RealTrends profile. We have 5.0 stars on Zillow from 1,200+ reviews (Oct 2026). Read the reviews.

More on the area: Fuquay-Varina, Holly Springs, Sunset Ridge and our Apex agents.