Estimate anchored to builder list price of **$419,900** and local Matthews townhouse market dynamics. Range +/- ~3-4% to reflect new-construction premium, proximity to downtown, and small-community scarcity (only ~62 homes in development). No live comparable sale pull executed.
New Charleston-Style Duet: 3BR/2.5BA — 1,385 SF, 2-Car Garage
Step into modern, low-maintenance living with this new-construction duet by Prosperity Builders. Unit #46 is a Charleston-style two-story home offering 1,385 finished square feet, 3 bedrooms, and 2.5 bathrooms laid out to feel like a single-family home. The main level centers on an open plan with a distinct dining area and an efficient kitchen appointed with 42" cabinets, granite countertops, stainless appliances and a thoughtful work triangle. Luxury vinyl plank flooring runs across the main level while recessed LED lighting keeps the lines clean and contemporary.
The primary suite provides room for a sitting area and features a dedicated office/flex room directly off the bedroom — perfect for a work-from-home setup. Upstairs houses additional bedrooms and a full bath; storage is plentiful and the laundry room is conveniently located. A rear-load, two-car garage with alley access and a drop zone keeps everyday routines tidy and practical.
Community life here is intentionally low-maintenance: the HOA (amount TBD) covers water, sewer and lawn care, so weekends are for local coffee shops and the nearby parks instead of mowing. Enjoy walking trails, sidewalks, a playground and a dog park within the small community of roughly 62 homes. The alley streets and front green spaces include hammock stations and intentional landscaping that give the neighborhood a cozy, curated feel.
Location is a defining feature — you’re roughly two miles from downtown Matthews with quick access to dining, local festivals and shops, and convenient routes to I-485 for Charlotte commutes. Whether you’re a downsizer seeking simpler living, a young family wanting proximity to parks and schools, or a buyer who values brand-new construction without a long build timeline, this unit balances modern finishes with practical, everyday design.
A 2026 charleston.
Building
Site & utilities
Downtown Matthews area / Cherry Gum community
Researched nearby locations
Location
5016 Cherry Gum Ct #46, Matthews, NC 28105
This property sits in a quiet, contemporary townhouse community east of downtown Matthews. The neighborhood prioritizes pedestrian connections with sidewalks, walking trails and small green spaces. Downtown Matthews offers boutique dining, coffee shops and seasonal events, while regional access to I-485 allows straightforward commutes to Charlotte. The area draws families and professionals who value a suburban feel with nearby urban conveniences.
Strong access to neighborhood walking trails, playgrounds and a dog park; several larger parks and greenways are a short drive away for biking and regional outdoor activities.
A factual market snapshot around 5016 Cherry Gum Ct #46.
Matthews remains one of South Charlotte’s strongest suburban pockets for buyer demand thanks to its walkable downtown, community parks and convenient highway access. As of early 2026 the market in Matthews is more balanced than the rapid-seller market of prior years, but well-located new-construction and low-maintenance townhouse inventory still commands attention and relatively quick sales. Median home prices in the Matthews area for similar product are near the low-to-mid $400ks; inventory remains tight in desirable micro-markets, creating an edge for move-in-ready homes that include HOA-covered utilities. Pricing this unit at $419,900 positions it competitively for owner-occupiers wanting new finishes and a short commute to downtown Matthews and Charlotte employment corridors. Expect moderate buyer activity and faster closings when incentives and builder warranties are clearly communicated.
Likely residential townhome/duet zoning or multifamily townhouse district under local ordinance; exact code to be verified with jurisdiction
Zoning
Research-indicated uses
- Single Family/Townhome Residential
- Accessory Structures Per HOA Rules
- Typical Residential Uses Consistent With Townhouse Duet Product
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Sale history
What the research supports — and what is still worth verifying.
Key findings
- List price: $419,900; size: 1,385 SF; 3 beds / 2.5 baths; year built: 2026.
- Price per SF listed at about $303 — consistent with new-townhome premium in Matthews.
- HOA-covered utilities and lawn maintenance are a notable value-add for certain buyer segments.
- Builder (Prosperity Builders) is listing directly; likely builder warranty and predictable cycle-times.
- Small-lot duet product appeals to buyers seeking single-family living feel with less maintenance.
What stands out about this property.
Interior Features
- Open plan with separate dining area
- 42" kitchen cabinets and granite countertops
- Stainless steel appliance package (electric range/oven, dishwasher, disposal)
- Luxury vinyl plank floors on main
- Designated office/flex space off primary bedroom
- Laundry room (upstairs)
- Recessed LED lighting
Exterior & Lot
- Attached 2-car rear-load garage with opener
- Alley access and driveway
- Front green space with hammock stations
- Community walking trails and sidewalks
- Playground and community bark park
- HOA-maintained lawn (HOA includes water & sewer)
Location & Neighborhood
- ≈2 miles to downtown Matthews (shops & restaurants)
- Short drive to I-485 and major Charlotte commuter routes
- Small community (~62 homes) for close-knit feel
- Builder: Prosperity Builders — new-construction finishes
Walkability & Recreation
- Walkability Rating: 62/100
- Nearby parks, greenways, and community sidewalks
- Easy pedestrian access to neighborhood amenities (playground, dog park)
- Short drive to Matthews Community Park and local trails
Sources & research confidence.
See where the property research came from and how confidence varies by field.