Caruso Homes (www.CarusoHomes.com), a residential builder headquartered in Crofton, Maryland, announces completion of a $10 million purchase of a 213 acre property in Wake County, North Carolina for the development of a new home community, Olde Mill Trace. Located six miles south of downtown Raleigh on Lake Wheeler Road, the community will feature 155 sites with single family detached homes starting in the $400s.

Caruso Homes is proud of their reputation and commitment to excellence, building homes that exceed industry standards for construction and energy efficiency. Five distinctive floor plans will be offered on ½ to ¾ acre home sites, providing the latest in new home design with plenty of luxury upgrades and features such as first floor owner or in-law suites, upper level rec rooms, finished attics and screened porches with fireplaces.

Located off 401, just south of I-40, the Olde Mill Trace property is convenient to downtown Raleigh and all the major research, technology and educational organizations in the Research Triangle. The immediate surrounding area offers a variety of shopping, dining and service establishments within a 4 mile radius. Adjacent to the property is Lake Wheeler Park providing an abundance of green space and recreational activities such as fishing, kayaking, hiking and picnicking.

"As we expand our presence in the Raleigh area, we are pleased to showcase our luxury homes at Olde Mill Trace," says Jeffrey Caruso, CEO/Owner of Caruso Homes. "These homes were designed to fit the needs of a variety of home buyers who seek value, uncompromising quality and the ability to personalize their home to their lifestyle."

Olde Mill Trace is expected to open for sales in Spring 2017. For more information, please contact Dwayne Harrison at (240) 623-4259 or dharrison@carusohomes.com or visit online at www.carusohomes.com.

About Caruso Homes

Founded in 1986, Caruso Homes is an award-winning home builder based in Crofton, Md. offering a variety of new home communities throughout the Washington DC, Baltimore and Raleigh suburban areas. In addition to traditional single-family home communities, Caruso Homes' projects include waterfront homes, active adult communities, and Caruso Homes On Your Lot division. For more information, visit www.carusohomes.com.