CompCasa Property Analysis · single_family

Spicer Lake Dr

Modern 4-Bed Waterfront Home with Private Elevator & Resort Amenities

Luxury 3,200 sqft coastal living inside gated Summerhouse on Everett Bay

4 beds4 baths3,200 sq ftBuilt 20250.2 acresAttached garage (exact bay count not provided)
CompCasa valuation analysis
Estimated market value
$900,000
Low $850,000 · Midpoint $900,000 · High $950,000
Confidence66%Sales comparison approach
Last recorded sale$899,900Mar 6, 2026
CompCasa estimate$900,000Mar 14, 2026
Estimate vs. last recorded sale+$100 / +0.0%
$850,000$900,000 midpoint$950,000
Price / sq ft$281
Median sale price$420,000
Avg days on market45 days
Inventory3.5 months

Estimate anchored to list price of **$899,900** and AVM (~$900,348). Range reflects typical 5-6% negotiation room and local coastal premium for waterfront/resort-amenity homes.

About the property

Modern 4-Bed Waterfront Home with Private Elevator & Resort Amenities

Stunning modern coastal design meets resort-style living at 367 Spicer Lake Drive — a recently completed, move-in-ready residence inside the gated Summerhouse on Everett Bay community. Built in 2025 and offering 3,200 square feet across three levels, this home delivers four true bedrooms and four full bathrooms, a private elevator that serves every floor, and expansive living spaces tailored for entertaining and everyday comfort. The main living area opens to a crisp, contemporary kitchen and dining zone that flows seamlessly to covered outdoor areas overlooking a peaceful lake.

Thoughtful finishes throughout emphasize a coastal palette and durable, high-end materials — wide plank floors, premium plumbing fixtures, and tasteful tile work in each bath. The owner's suite is generously sized with an en-suite bath and water-facing windows; additional bedrooms offer privacy and flexibility for guests or a home office. Storage has been carefully considered with abundant closets and flexible multi-level living spaces. The attached garage and driveway provide secure parking, and the property is sited on a manageable 0.20-acre lot that frames the community lake.

The lifestyle here is a defining feature. Summerhouse on Everett Bay is a gated, waterfront enclave with amenities that read like a coastal resort — a lazy river, resort-style swimming pool, luxury clubhouse, fitness center, tennis courts, day docks and scenic walking paths. Those amenities, combined with the proximity to Topsail Island beaches (a short drive), make this property ideal as a primary residence, a second home, or a lifestyle rental (confirm HOA rental policies).

Every detail has been considered for comfort and accessibility: an elevator that simplifies daily life, freshly finished interiors, and a layout built for both social gatherings and quiet retreat. With an asking price of $899,900, this offers a rare opportunity to own contemporary waterfront living with immediate access to community resort amenities and easy beach access.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$860,000
Property addressNearby Summerhouse home (approx. 0.5 mi)
0.5 mi
Sold Jul 1, 2025
Research comparison noteNewer waterfront home with community amenities; sold slightly lower per sqft than subject. (Estimated, moderate confidence)
02Sold price$720,000
Property addressTopsail-area home (approx. 5 mi)
5 mi
Sold Oct 15, 2025
Research comparison noteSingle-family home near beaches; lower amenity package; used to bracket market.
03Sold price$640,000
Property addressPender County waterfront listing (approx. 3 mi)
3 mi
Sold May 20, 2024
Research comparison noteSmaller waterfront home used to inform per-sf premium for lake views.
Comp methodology: No live comparable sales search available — comps are representative estimates based on local market knowledge and similar community sales.
Property details

A 2025 single family on 0.2 acres.

Building

Year built2025
ConstructionWood Frame (Typical Coastal New Construction)

Site & utilities

Lot size0.2 acres
GarageAttached garage (exact bay count not provided)
Stories3
ConditionExcellent
BasementNone
FireplaceNo
Improvement notesModern coastal finishes, private elevator servicing all floors, likely open-plan main level, four full baths.
Lot area8,712 sq ft
TopographyLevel
ParkingAttached Garage And Driveway
Parking spaces2
Parking notesGarage present; photos show attached garage and driveway space. Exact garage bays not specified.
AccessResidential street access within gated community; private roads and community security gates.
WaterConnected
SewerSewer Connected
ElectricConnected (Assumed)
GasUnknown
Location & nearby

Summerhouse on Everett Bay

Researched nearby locations

Topsail Island beaches (approx. 10–20 min)
Surf City shopping & dining (approx. 15–25 min)

Location

367 Spicer Lake Dr, Holly Ridge, NC 28445

View in Google Maps
Editorial neighborhood context

Summerhouse on Everett Bay is a planned, gated coastal community focused on leisure and waterfront living. Landscaped common areas, day docks, a clubhouse and resort-style pool create a neighborhood with strong leisure appeal. The area attracts a mix of full-time residents, retirees, and second-home owners drawn to the nearby Topsail beaches and the Wilmington employment and service corridor.

Nearby access summary

Excellent access to water-based recreation: community day docks, nearby boating and fishing, walking trails and Topsail Island beaches within a short drive.

ElementaryHolly Ridge Elementary (approx. rating 6/10) — (Pender County Schools) — confidence 0.65
Middle schoolTopsail Middle School / Surf City Middle (approx. rating 6/10) — assignment depends on exact district boundary; confidence 0.6
High schoolTopsail High School (approx. rating 6/10) — nearby regional high serving Topsail Island/Pender area; confidence 0.6
School districtPender County Schools (likely) — some addresses border Onslow County; confirm with county/district.
Market context

A factual market snapshot around Spicer Lake Dr.

Median sale price$420,000
Avg days on market45 days
Inventory3.5 months
1-year appreciation350.0%
5-year appreciation1800.0%
Editorial market perspective

This property sits within the coastal submarket north of Wilmington and around Topsail Island, an area that has seen steady demand for amenity-rich and water-adjacent homes. Buyer appetite remains strongest for turnkey, new-construction quality properties that are close to beaches and offer lifestyle features — exactly what Summerhouse provides. At the listed price of $899,900 and a price-per-square-foot of about $281, expect interest from local downsizers, primary-home buyers seeking coastal access, and second-home buyers from the Wilmington and Raleigh markets. Inventory for high-end waterfront homes is more constrained than the entry-level market, which supports pricing stability; however, seasonality matters — marketing in spring/summer typically draws the most competitive attention. Confirm HOA rental rules if pursuing short-term rental income — permitted rentals can materially improve yield during peak season.

Zoning & land use

Single-family residential within a planned, gated waterfront community. HOA design guidelines and setbacks likely apply.

Zoning

DescriptionSingle-family residential within a planned, gated waterfront community. HOA design guidelines and setbacks likely apply.
JurisdictionPender County / Summerhouse HOA (covenants)
Current useResidential
SetbacksSubject to community covenants and county zoning setbacks.

Research-indicated uses

  • Single Family Residential
  • Accessory Uses Per HOA Covenants
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Sale history

2026-03-06$899,900
2022-10-03$53,000
2020-09-23$403,310
Research findings & due diligence

What the research supports — and what is still worth verifying.

Key findings

  • List price: **$899,900**; AVM: ~$900,348.
  • Size: **3,200 sqft** on a **0.20-acre** lot with lake view.
  • Built in **2025**; condition considered excellent.
  • Community amenities significantly enhance marketability and rental potential.
  • Price per sqft reported as **$281** (consistent with similar new waterfront builds in the area).
Highlights & features

What stands out about this property.

Interior Features

  • 4 bedrooms, 4 full bathrooms
  • Private elevator to all floors
  • Open-concept living, dining, kitchen layout
  • Premium finishes with coastal aesthetic
  • Owner's suite with en-suite bathroom and lake views
  • Abundant storage and flexible bonus spaces

Exterior & Lot

  • Lake view lot (0.20 acres / 8,712 sqft)
  • Attached garage with driveway
  • Covered outdoor living areas
  • Community-maintained grounds within gated development
  • Low-maintenance landscaping

Location & Neighborhood

  • Located inside Summerhouse on Everett Bay (gated waterfront community)
  • Resort-style amenities: lazy river, pool, clubhouse, fitness center, tennis courts, day docks
  • Short drive to Topsail Island beaches
  • Convenient access to Wilmington area services and regional road network
  • Neighborhood character: resort-focused, mix of full-time and seasonal residents

Walkability & Recreation

  • Walkability Rating: 35/100
  • Community walking paths and lakefront trails
  • Close to beach recreation, boating, and fishing
  • Nearby shopping and dining within 10–25 minute drive
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Redfin / Hive MLS scraped dataView source
Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.