502 Lake Shore Drive, Norwood, NC

About the home

Cross listed at MLS#4381915. This perfectly tucked away gated estate contains two parcels. The first 7.37 acres (416 Lake Shore) includes a 1,300 sq ft rustic cabin, barn, waterside dock with boat lift and entertaining deck with kitchen. The adjoining 7 acres (502 Lake Shore) include the 7,000 sq ft lodge, barn, riding arena, and 3 fenced acres with a run-in shed. The total property is just over 14 acres, named "Hawk's Nest". Nestled on one of the highest spots on Lake Tillery, the equestrian property comes complete with rows of orchards, roses, meticulous landscaping and custom finishes throughout the property. The lodge has 3 bedrooms, living room, office and Viking kitchen on the main floor. The second floor is made for entertaining with a large event room with picturesque views of the lake, commercial grade kitchen including custom Italian Scavolini cabinets and appliances, 2 half bathrooms and a meeting room complete with wet bar plus side, back and front decks. The 3rd floor has breathtaking views of Lake Tillery and the surrounding area from multiple locations, a half bath, bonus room and more storage. Residential grade elevator installed for easy transitions between the levels. Also on the property, a second living quarters, barn complete with office space, workshop and 4 stalls. Pasture includes a run-in shed, doghouse with wooded and open green space. Property is zoned Low-Density Residential, however also in the Tourism Encouragement Area, outlined in the Town of Norwood Land Use Plan, which allows for development options. **For more pictures of the property, please see the land listing MLS#4381915.

Price in context

• Asking $550 per square foot.
• That is 31% below the $800 median across 5 active $1.5M+ homes in Norwood.
• 3rd highest asking price of 5 active $1.5M+ homes in Norwood.
• 2nd largest by living area of the 4 with a recorded size.
• Reduced $800,000 (16.8%) from the original $4,750,000 asking price.
• 94 days on the market, listed 2026-05-15.
• County tax assessment $1,125,205; the asking price is 3.51× the assessed value.

Location

Neighborhood: None, Stanly County, ZIP 28128.

Straight-line distances

• Charlotte Country Club: 38.9 mi
• SouthPark Mall: 41.2 mi
• Uptown Charlotte: 41.5 mi
• Quail Hollow Club: 42.9 mi
• Wilson Air Center (private aviation, CLT): 46.5 mi
• Charlotte Douglas International Airport: 47.2 mi

Features

Levels

Three

Construction

Wood

Bathrooms

4 full, 4 half

Interior

Built-in Features, Elevator, Kitchen Island, Open Floorplan, Pantry, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar

Flooring

Tile

Kitchen & appliances

Dishwasher, Exhaust Fan, Exhaust Hood, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater, Washer

Heating

Central, Ductless

Cooling

Central Air, Ductless

Garage

2 spaces

Parking

Attached Garage, Garage Faces Rear

Exterior

Fence, In-Ground Irrigation

Waterfront

Boat House, Boat Lift, Boat Slip (Deed), Covered structure

View

Long Range, Water, Year Round

Lot

Hilly, Pasture, Private, Wooded, Views, Waterfront

County

Stanly

Comparable homes on the market

• 416 Lake Shore Drive, Norwood — $3,950,000, 0.1 mi away
• 1329 Berry Hill Drive, Norwood — $2,975,000, 2 bd, 2,768 sq ft, 0.5 mi away
• 123 Cove Point, Mount Gilead — $12,950,000, 5 bd, 8,141 sq ft, 1.1 mi away
• 154 Peninsula Pointe Drive, Norwood — $4,299,000, 6 bd, 5,682 sq ft, 1.5 mi away
• 127 Brightwood Court, Norwood — $6,900,000, 5 bd, 8,183 sq ft, 2.3 mi away
• 142 Forest Lake Court, Mount Gilead — $2,750,000, 4 bd, 4,289 sq ft, 2.4 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 980-391-4595. Request a private showing.