$10,000 Closing Credit¹
Listing Office: Lake Tillery Properties LLC
$1,799,000 List price
205 Water Oak Way Mount Gilead, NC 27306
$10,000
Closing credit¹
5 beds
4 full, 1 partial
4,675 sqft
$385 / sqft
House
Property details
About 205 Water Oak Way
Back on the market not fault of the property. Modern farmhouse meets lake house with panoramic windows and views in the upscale Swift Island Plantation neighborhood on Lake Tillery. Expansive interior spaces transition into numerous outdoor living areas including a huge covered porch and patio, topped off by an in-ground swimming pool and a gentle walk to the boathouse. This lake property is located in a large quiet cove tucked back off the main channel boat traffic. Professional decorating and high end finishing touches make this home a must see. 774 sq. ft. three car garage with a large bonus room provides ample spaces for vehicles and flexible uses. HOA is $925 annually with a one time capital fee of $1,850 and $50 transfer fee. Gas logs have not been used and propane tank has not been set.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air, Heat Pump
Size4,675 sqft
BasementYes
Year built2020
ParkingDriveway, Attached Garage
MLS #4161733
Attached garageYes
WaterfrontBoat House, Boat Lift, Pier
FireplaceGreat Room, Propane
ViewOther, Water
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 4
- Appliances: Double Oven, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
- Basement: Yes
- Flooring Type: Concrete, Wood
- Interior: Open Floorplan, Storage, Walk-In Closet(s), Wet Bar
- Fireplace: Great Room, Propane
- Total Bedroom Count: 5
- Attached Garage: Yes
- Parking: Driveway, Attached Garage
- Waterfront: Boat House, Boat Lift, Pier
- View: Other, Water
- Exterior: In-Ground Irrigation
- Heating: Heat Pump
- Cooling: Central Air, Heat Pump
- List Price: $1,799,000
- Price/SqFt: $384
- HOA Amount: $77
- HOA Frequency: Annually
- Annual Tax Amount: $5,351
- Tax Year: 2022
- Year Built: 2020
- Living Area: 4,675 SqFt
- MLS Number: 4161733
- Office Name: Lake Tillery Properties LLC
- Office Email: robert@thelakeladyteam.com
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$1,799,000
205 Water Oak Way
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 22, 2022 | Home Sold | $2,227,000 |
| Sep 19, 2019 | Home Sold | $145,000 |
| Sep 04, 2008 | Home Sold | $169,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $839,945 | $- |
| 2023 | $839,945 | $- |
| 2022 | $839,945 | $5,351 |
| 2021 | $806,371 | $5,351 |
| 2020 | $141,360 | $- |
| 2019 | $173,600 | $- |
| 2018 | $173,600 | $1,058 |
| 2017 | $173,600 | $1,058 |
History based on county public records data.
Nearby schools
3
Norwood Elementary School
Public District KG-5
4.3 mi
•400 S Main St
4
Mount Gilead Elementary School
Public District PK-5
6.5 mi
•100 S School St
2
East Albemarle Elementary School
Public District KG-5
6.8 mi
•1813 E Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,360. Most Mount Gilead, NC residents have annual incomes less than $<35k. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
46%
<35k
31%
35k-100k
16%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
43%
Single, No Kids
8%
Single, with Kids
41%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
7%
12-17 yrs old
12%
18-34 yrs old
47%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Bass Pro Shops
Dollar General
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Ram
Oldsmobile
What do the neighbors listen to?
Classic Country
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 205 Water Oak Way
The listing price of 205 Water Oak Way property is $1,799,000.
The property 205 Water Oak Way is a house located in Mount Gilead, North Carolina, 27306.
Accepting Backup Offers: 205 Water Oak Way is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 205 Water Oak Way are: Norwood Elementary School (GreatSchools Rating 3/10), Mount Gilead Elementary School (GreatSchools Rating 4/10), East Albemarle Elementary School (GreatSchools Rating 2/10), South Stanly Middle School (GreatSchools Rating 4/10), Albemarle Middle School (GreatSchools Rating 1/10), West Middle School (GreatSchools Rating 5/10), South Stanly High School (GreatSchools Rating 4/10), Stanly County Virtual Education (GreatSchools Rating 2/10), Stanly STEM Early College (GreatSchools Rating 10/10).
According to the records, the last property tax for 2022 is $5,351 (source: MLS/based on county public records data).
The last sale was on August 22, 2022 for $2,227,000 (source: MLS/tax record).
The property at 205 Water Oak Way has 5 bedrooms and 4 full and 1 half bathrooms.
The property 205 Water Oak Way is 4,675 SqFt (source: MLS/tax record).
The year of construction for 205 Water Oak Way is 2020.
This home is located at 205 Water Oak Way in Mount Gilead, NC and zip code 27306. This 4,675 square foot home was built in 2020. Features: 5 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $1,799,000.
In April 2025 more than 0 listings in Mount Gilead, NC were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below. In April 2025 in Mount Gilead, NC there were 9.3% more homes for sale than in March. In April 2025 median list price was $299,603 and the average listing age was 62 days.
From Rocket Homes Real Estate and based on county public records data.