Norwood · Norwood, NC
502 Lake Shore Drive
Norwood, NC · 7,184 sqft
$4,750,000
- 5Beds
- 6Baths
- 7,184SqFt
- 2018Year
About this home
Cross listed at MLS#4381915. This perfectly tucked away gated estate contains two parcels. The first 7.37 acres (416 Lake Shore) includes a 1,300 sq ft rustic cabin, barn, waterside dock with boat lift and entertaining deck with kitchen. The adjoining 7 acres (502 Lake Shore) include the 7,000 sq ft lodge, barn, riding arena, and 3 fenced acres with a run-in shed. The total property is just over 14 acres, named "Hawk's Nest". Nestled on one of the highest spots on Lake Tillery, the equestrian property comes complete with rows of orchards, roses, meticulous landscaping and custom finishes throughout the property.
The lodge has 3 bedrooms, living room, office and Viking kitchen on the main floor. The second floor is made for entertaining with a large event room with picturesque views of the lake, commercial grade kitchen including custom Italian Scavolini cabinets and appliances, 2 half bathrooms and a meeting room complete with wet bar plus side, back and front decks. The 3rd floor has breathtaking views of Lake Tillery and the surrounding area from multiple locations, a half bath, bonus room and more storage. Residential grade elevator installed for easy transitions between the levels. Also on the property, a second living quarters, barn complete with office space, workshop and 4 stalls. Pasture includes a run-in shed, doghouse with wooded and open green space.
Property is zoned Low-Density Residential, however also in the Tourism Encouragement Area, outlined in the Town of Norwood Land Use Plan, which allows for development options.
**For more pictures of the property, please see the land listing MLS#4381915.
Property details
- Beds
- 5
- Baths
- 6
- SqFt
- 7,184
- Lot
- —
- Year built
- 2018
- Type
- Single Family
- Garage
- 2
- Heating
- Central, Ductless
- Cooling
- Central Air, Ductless
- Foundation
- Slab
- Flooring
- Tile
- View
- Long Range, Water, Year Round
Features
- Built-in Features
- Elevator
- Kitchen Island
- Open Floorplan
- Pantry
- Storage
- Walk-In Closet(s)
- Walk-In Pantry
- Wet Bar
- Fence
- In-Ground Irrigation
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$34,959/ month
- Principal & interest
- $29,418
- Property tax (~1.05%)
- $4,156
- Homeowners insurance
- $1,385
- HOA dues
- —
Down payment
$237,500 down · $4,512,500 financed
Income to qualify (28% rule)
~$1,498,276 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.