New Builder Announcement: Now Selling in Peninsula, Anchor Homes!


There are few words that are synonymous with Preston Development Company: Prestige. Exceptional Quality. Success.

For over twenty years, our founders Tim Smith and Julian “Bubba” Rawl have established a solid foundation in Raleigh and Cary Research Triangle Park. Collectively, they’ve created a superb standard of living with first-class communities and commercial developments that have become landmarks in the cities where they are located.

Preston Development is diverse in its offerings and partnerships within the industry: We’re known locally for upscale residential communities such as: Preston and Prestonwood Country Club, McGregor West, Wessex, Weston Estates, Camden Forest as well as Stanton Place and Landfall in Wilmington.

their vision

Preston Development Company is recognized as one of the premier development teams in the nation. Founders Tim Smith and Julian “Bubba” Rawl, have established a reputation for planning and producing only the highest quality development projects.

Born in upscale Cary, North Carolina, Preston Development Company has established a solid foundation with a name that is instantly recognized with great esteem in the Southeast. Preston has achieved excellence in all of their projects from the capital city’s Research Triangle Area, a pre-eminent tech and biotech center, to the sweeping shores of the North Carolina Coast. Preston Development is known locally for high-end residential communities such as Preston and the Prestonwood Country Club, MacGregor West, Wessex, Weston Estates, Camden Forest, Magnolia Woods and Stanton Place.

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Located on the Southern Outer Banks in historic Beaufort, Beau Coast offers a relaxed atmosphere and lifestyle. Kayak in the morning, take a water taxi to see the wild horses in the afternoon, walk into town for dinner at night.

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