Estimate anchored to listed price of $257,000, AVM ~ $257.7K, and local market price-per-sqft for similar 2020s-built lake-area homes. No live comps search performed; adjust after verified comparables and inspection.
Move-In Ready 3BR Lake-Access Home — Built 2021, No HOA
Tucked on a quiet neighborhood loop just steps from the community boat landing, 506 Lake Head Rd is a modern, efficient home built in 2021 that delivers easy lake living without the upkeep. The open main level centers on a practical kitchen with granite countertops, tile backsplash and an island with seating — the layout flows to a roomy living area finished in durable LVP flooring. Bedrooms are carpeted for comfort, and the primary suite includes its own updated bath; overall the house offers 3 bedrooms and 2.5 bathrooms across 1,334 square feet.
Outdoor living is a clear advantage: unwind on the back deck after an afternoon on the water or greet neighbors from the covered front porch. The property’s modest lot (approx. 5,662 sqft) keeps yard work minimal while still providing space for a grilling area or container garden. There’s no HOA, so boat trailers and other toys typically associated with lakeside life are easier to accommodate — check local rules and easements for specifics.
Beyond the immediate shore, the neighborhood provides convenient lake-oriented amenities. The community boat landing and nearby marinas (Lilly’s Bridge Marina and local launch points) put water access within minutes, and lakeside dining options — The Boat House Restaurant and River Wild — are close by for casual meals after a day on the water. Downtown Norwood is a short drive for groceries, banking and local services.
This home is well-suited for primary buyers wanting low-maintenance, amenity-forward living or for seasonal owners looking for an efficient, contemporary lakeside base. With a 2021 build date, modern finishes and an asking price of $257,000, the property offers strong value in the Norwood lake corridor. Schedule a showing to see how the layout and location come together — quick possession may be available.
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Comparable sales
A 2021 single family on 0.13 acres.
Building
Site & utilities
Lake Tillery / Norwood lakeside community
Researched nearby locations
Location
506 Lake Head Rd, Norwood, NC 28128
The property sits within a small lakeside neighborhood in Norwood that loops around a portion of the shoreline, providing residents with recreational access and a quiet street pattern. The area attracts a mix of full-time residents, retirees and weekend lake-goers; properties are primarily single-family homes built across several decades with a cluster of newer construction. Local flavor centers on the lake: marinas, boat launches and waterfront restaurants create a relaxed, amenity-focused lifestyle while downtown Norwood remains an easy drive for errands and services.
Excellent lake access and nearby marinas provide strong recreation opportunities for boating, fishing, and waterside dining; green spaces and neighborhood loops support walking and golf-cart-style mobility.
A factual market snapshot around 506 Lake Head Rd.
Norwood and the Stanly County lake corridors have seen steady demand from buyers priced out of larger Charlotte suburbs and from second-home buyers seeking recreational access. Median sale prices for comparable newer single-family homes in the area cluster around the low-to-mid $200ks; inventory is moderate and well-priced turnkey homes near the lake generally move quicker than inland listings. At $257,000 this property sits within the market’s sweet spot: attractive to move-in buyers and investors targeting long-term rentals. Market indicators suggest modest appreciation (single-digit annual growth recently) and average days-on-market for well-priced lake homes that are staged and marketed effectively can be substantially lower than county averages. Recommended marketing: emphasize lake access, recent construction (2021), and the no-HOA flexibility to attract out-of-area buyers and local families.
Likely residential single-family (county/rural residential zoning). Verify with county zoning maps for exact code.
Zoning
Research-indicated uses
- Single Family Detached Homes
- Accessory Structures Subject To County Rules
What the research supports — and what is still worth verifying.
Key findings
- 3 beds / 2.5 baths, 1,334 sqft, built 2021 (from listing data).
- List price $257,000 and AVM $257,703 (very close agreement).
- Lot size 5,662 sqft (~0.13 acres), modest yard and efficient footprint.
- No attached garage; driveway parking only.
- Neighborhood offers lake access, marinas, and local restaurants within short drives/walks.
What stands out about this property.
Interior Features
- 3 bedrooms, 2.5 bathrooms
- 1,334 sqft single-story plan
- Luxury Vinyl Plank flooring in main living areas
- Carpeted bedrooms for comfort
- Kitchen with granite countertops, tile backsplash and island seating
- Modern finishes from 2021 construction
Exterior & Lot
- Approx. 5,662 sqft lot (~0.13 acres)
- Back deck and covered front porch
- Driveway parking (no garage)
- Low-maintenance yard, established landscaping
- No HOA — greater flexibility for boats/trailers (confirm local rules)
Location & Neighborhood
- Walking distance to community boat landing
- Close to Lilly's Bridge Marina and lakeside restaurants
- Short drive to downtown Norwood for shopping and services
- Quiet loop street with limited through traffic
Walkability & Recreation
- Walkability Rating: 45/100
- Nearby water recreation and marinas
- Easy access for boating, fishing, and lakeside dining
Sources & research confidence.
See where the property research came from and how confidence varies by field.