Sales comparison approach using recent waterfront property sales on Lake Gaston. Adjusted for size, condition, and amenities. Income approach considers potential rental income from Airbnb during summer months.
Lake Gaston Waterfront Home with Private Boathouse and Expansion Potential
What first arrests you at 92 Old Crow Circle is the shoreline: a private boathouse completed in 2023 and direct frontage on Lake Gaston that turns routine weekends into boating, fishing and sunset rituals. This contemporary 4-bedroom, 3.5-bath home sits on a gently sloping 0.7-acre parcel in the Two Creeks subdivision, offering true lake access and expansive views framed by mature shoreline vegetation.
Inside, the main level is appointed with high-end LVP flooring, 9-foot ceilings and crown molding that give public rooms a tailored, finished feel. The bright kitchen features granite countertops and ample prep space—an understated, practical hub for lake living. Thoughtful systems include central AC and a heat pump; utilities are propane, septic and public water, serviced by Dominion Energy. The home’s condition is listed as excellent and presents as a refined, move-in-ready primary residence or seasonal getaway.
The property’s most compelling investment attribute is the full walkout basement—approximately 1,900 square feet—currently unfinished but roughed in for a kitchen and two bathrooms. That built-in expansion potential allows for multiple outcomes: a large in-law suite, a separate rental unit to capture summer demand, or additional living and entertainment areas that would significantly increase the home’s usable square footage and long-term value.
Outside, the lot handles cars and trailers easily with a generous gravel driveway and parking for multiple vehicles (no attached garage). At the water’s edge, the recently built boathouse provides sheltered slip access and elevates the property’s practical appeal for boat owners. For those who want to explore the area, Eaton Ferry Marina is about 3 miles away, Lake Gaston Golf Club around 6 miles, and downtown Littleton offers dining and shopping within a short drive.
Priced at $950,000 and competitively positioned among recent waterfront sales in the neighborhood, this home is a rare combination of turnkey living and clear upside. Buyers seeking a weekend retreat, a family lake home, or an income-producing property should appreciate the finished quality upstairs and the sizable, customizable basement below. Schedule a showing to experience the waterfront orientation in person—contact Betty Harris at Wilkie Real Estate (252-537-9012 / info@wilkierealestate.com) for details and private tours.
See the properties helping shape the valuation.
Comparable sales
- 190 SF larger
- 1 fewer bedroom
- 0.5 fewer bathrooms
- Similar lot size
- 16 years newer
- 326 SF larger
- 1 fewer bedroom
- 0.5 fewer bathrooms
- 9,508 SF larger lot
- 18 years older
- 1,000 SF larger
- 1 fewer bedroom
- 19,508 SF larger lot
- 16 years older
A 2005 contemporary on 0.7 acres.
Building
Site & utilities
Two Creeks
Researched nearby locations
Location
92 Old Crow Cir, Littleton, NC 27850
Two Creeks is a lakeside subdivision on Lake Gaston prized for year-round water access and recreational lifestyle. Residents enjoy boating and fishing right from their properties, easy drives to Eaton Ferry Marina and nearby Lake Gaston Golf Club, and a short trip into downtown Littleton for dining and local shops. The area sees seasonal visitor influxes in summer, making it popular for weekend retreats and rental income strategies. While nearby public schools trend below state averages, the neighborhood’s outdoor amenities and relaxed waterfront culture draw buyers seeking recreation-first living.
Excellent waterfront recreation with direct Lake Gaston access, Eaton Ferry Marina ~3 miles away, Lake Gaston Golf Club ~6 miles away, and abundant boating and fishing opportunities.
A factual market snapshot around 92 Old Crow Cir.
The Lake Gaston / Two Creeks market is currently balanced with localized strength for waterfront parcels. Inventory sits near three months—below a neutral six-month supply—so quality lakefront homes tend to move faster than non-waterfront stock. Median sale price in the area is approximately $750,000, with one-year appreciation around 3% and five-year gains near 15%, reflecting steady long-term demand. Comparable waterfront sales within two miles have closed between $875,500 and $1,185,000, and typical days on market for similar properties average about 45 days. For this property, the listed $950,000 equates to roughly $328 per square foot, in line with recent premium comparables.
Single-family waterfront homes remain a resilient asset class here: limited inventory and lifestyle-driven demand support pricing stability, while seasonal tourism boosts short-term rental potential in summer months. Lease data and rent estimates put typical monthly rent near $2,200–$2,300, with higher yields during peak season—making this attractive to buyers who want rental upside. With a roughed-in walkout basement offering ~1,900 sq ft of potential living area, finishing that space represents one of the clearest value plays. In sum, this is a market where motivated sellers command attention and buyers with financing in place and a readiness to act can secure prime lakefront locations.
Single Family Residential
Zoning
Research-indicated uses
- Single Family
- Accessory Dwelling Unit
- Home Occupation
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 450 SF smaller
- 1.5 fewer bathrooms
- 600 SF smaller
- 1 fewer bedroom
- 1.5 fewer bathrooms
What the research supports — and what is still worth verifying.
Key findings
- Assessed value in 2025: $604,000 (land: $328,700; improvements: $275,300)
- Annual property tax in 2025: $5,635
- Zoned Residential by Halifax County
- Recent comparable sales range from $875,500 to $880,000
- Average days on market for similar properties: 45 days
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm lot dimensions and boundaries
- Verify permits for basement rough-in and boathouse construction
- Professional home inspection
- Review HOA regulations and fees
- Assess potential rental income and occupancy rates
What stands out about this property.
Interior Features
- 4 bedrooms, 3.5 bathrooms
- High-end LVP flooring on main level
- Granite countertops in kitchen
- 9-foot ceilings with crown molding on main floor
- Unfinished walkout basement (~1,900 sq ft) roughed in for kitchen and two bathrooms
- Central AC and heat pump
Exterior & Lot
- 0.7-acre gently sloping lot
- Private boathouse built in 2023 with direct Lake Gaston access
- Gravel driveway with ample parking (no garage)
- Waterfront frontage and mature shoreline vegetation
- Dimensional shingle roof; aluminum and vinyl siding
Location & Neighborhood
- Two Creeks subdivision — lakefront community
- Eaton Ferry Marina (≈3 miles)
- Downtown Littleton (≈5 miles) — shops and restaurants
- Lake Gaston Golf Club (≈6 miles)
- Halifax County jurisdiction; Roanoke Rapids micropolitan area
Walkability & Recreation
- Walkability Rating: 20/100 — Almost all errands require a car
- Direct access to Lake Gaston for boating and fishing
- Eaton Ferry Marina and multiple public launch points nearby
- Lake Gaston Golf Club within short drive
- Neighborhood suited for active waterfront lifestyle and seasonal recreation
Sources & research confidence.
See where the property research came from and how confidence varies by field.