Property listing for 506 Lake Head Rd, Norwood, NC 28128
ActiveSingle Family Home

$257,000

506 Lake Head Rd, Norwood, NC 28128

Move-In Ready 3BR Lake-Access Home — Built 2021, No HOA

3 Bed · 2.5 Bath · 1,334 Sq Ft

Walk to the community boat landing — turnkey lake living under $260K

3

Beds

2.5

Baths

1,334

Sq Ft

2021

Built

0.13 acres

Lot

No garage — driveway parking

Garage

About 506 Lake Head Rd

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.

Home Highlights

2021 construction — contemporary finishes and systemsLake access within walking distance; nearby marinas and waterfront diningGranite countertops throughout kitchen and bathroomsNo HOA — flexible ownership for lake enthusiastsTurnkey condition with LVP flooring and an efficient floorplan

Property Features

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

Neighborhood & Location

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.

Market Insights

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.

Nearby Schools

Norwood Elementary School

Elementary · Approx. 1-3 mi

5/10

South Stanly Middle School (or district-assigned middle)

Middle · Approx. 3-7 mi

4/10

South Stanly High School

High · Approx. 3-7 mi

4/10

Walkability & Recreation

45
Walkability
82
Recreation

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.

Investment Highlights

  • Built in 2021 — modern systems and finishes reduce near-term capital expenditure.
  • Walkable distance to community boat landing and local marinas — lake lifestyle premium.
  • No HOA — fewer restrictions for owners and potential income flexibility.
  • Turnkey interior with granite counters and LVP flooring.
  • Attractive list price in the $250k range for newer construction near lake amenities.

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.

Things to Consider

  • Utilities (water/sewer) are not specified in scraped data — verify if property is on septic or public sewer.
  • Limited lot size and no garage may reduce appeal for buyers needing storage or larger outdoor space.
  • Market comparables not verified with live MLS comps; recommended to run recent solds within 3–6 months before final pricing.

Opportunity Analysis

Acquire a recent-build, low-maintenance lakeside single-family home priced competitively for primary owners or short-term rental operators targeting lake visitors. Minimal near-term capital investment expected due to 2021 construction and updated interior finishes.

Potential Use Scenarios

  • Price within the estimated midpoint ($260k) to generate quick interest; highlight lake access and turnkey condition.
  • Verify and publicize utilities and any lake easements immediately in marketing materials.
  • Target buyers relocating from Charlotte MSA and retirees seeking low-maintenance lake living; consider light staging to showcase deck and front porch uses.

Risk Factors

  • Unknown utility connections and potential septic maintenance costs.
  • Smaller lot and no garage limit some buyer cohorts.
  • Seasonal demand for lake properties can create volatility in days-on-market.

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$245K

Midpoint

$260K

High

$275K

$195/SF estimated price per square foot

65% confidence

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.

As of 2026-03-11

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$240,000
Avg Days on Market45 days
Inventory3.5 months
1-Year Appreciation+400.0%

Demographics

Norwood and Stanly County have seen steady but modest growth as buyers priced out of Charlotte move to secondary markets; lake properties attract retirees and weekend buyers.

Nearby Points of Interest

  • Community Boat Landing (walking distance)
  • Lilly's Bridge Marina (approx. 0.5-2 mi)

Direct neighborhood access to lake amenities, small local restaurants near the lake (Boat House Restaurant, River Wild), and short drive to downtown Norwood for shopping, dining, and services.

School District

DistrictStanly County Schools
ElementaryNorwood Elementary School (Stanly County Schools) — estimated rating 5/10
MiddleSouth Stanly Middle / nearby middle (district assignment may vary) — estimated rating 4/10
HighSouth Stanly High School — estimated rating 4/10

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built2021
Constructionwood frame
Stories1
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size0.13 acres (5,662 SF)
Topographylevel
Parkingdriveway
Parking Spaces2
FrontageResidential street frontage on Lake Head Rd; neighborhood loop road with limited through traffic

Utilities

Zoning & Land Use

DescriptionLikely residential single-family (county/rural residential zoning). Verify with county zoning maps for exact code.
JurisdictionStanly County

Allowed Uses

Single family detached homesAccessory structures subject to county rules
Current Useresidential

Tax & Sale History

Tax Assessment

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