View all 48 photos →

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.

Location

Begin the conversation

When you're
ready, so am I.

Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.