Lexington · Lexington, NC
362 Shepps Boat Dock Road
Lexington, NC · 1,607 sqft
$974,900
Reduced from $1,098,000
- 2Beds
- 5Baths
- 1,607SqFt
- 2012Year
- 51Days on market
About this home
LIST PRICE BELOW APPRAISAL! RARE HIGH ROCK LAKE WATERFRONT INVESTMENT opportunity offering approximately 2,900± total heated sq. ft. across three separate yet versatile living spaces! The beautifully renovated 1,607± sq. ft. main waterfront home features 2 bedrooms, a flexible room with Murphy bed, and 3 full baths. The 1,300± sq. ft. barndominium includes two additional living spaces: a renovated studio apartment and separate apartment with full kitchen, luxury bath, and sleeping room. In total, the property offers 5 sleeping areas and 5 full baths, providing exceptional flexibility for multi-generational living, extended family, guests, a lake retreat, and potential income-producing/short-term rental use. No restrictions. Enjoy long-range lake views, sandy beach area, private dock, firepit, and deep-water year-round. Furnished option. Includes 1/9 ownership interest in nearby community RV/boat storage lot. A rare opportunity for lake living and investment potential!
Property details
- Beds
- 2
- Baths
- 5
- SqFt
- 1,607
- Lot
- —
- Year built
- 2012
- Type
- Single Family
- Days on market
- 51
- Style
- Barndominium, Other
- Heating
- Heat Pump
- Cooling
- Central Air
- Foundation
- Slab
- Flooring
- Carpet, Tile, Vinyl
- View
- Water
Features
- Attic Other
- Pantry
- Walk-In Pantry
- Fire Pit
- In-Ground Irrigation
- Storage
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$7,053/ month
- Principal & interest
- $6,037
- Property tax (~0.90%)
- $731
- Homeowners insurance
- $284
- HOA dues
- —
Down payment
$48,745 down · $926,155 financed
Income to qualify (28% rule)
~$302,287 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.