45 Acres on Lake Tillery NC

48055 Randalls Church Rd, Norwood, NC 28128

$2,300,000 After Repair Value -
$2,300,000 Asking Price -
$0 Cost of Repairs =
$0 Potential Profit

Property Details

Asking Price $2,300,000

After Repair Value $2,300,000

Costs of Repairs $0

Potential Profit $0

Living Area N/A

Property Type Land

Bedrooms 0

Bathrooms 0

Half Bathrooms 0

Parking 0

Listed with Agent Yes

Property Description

Lake Tillery is a reservoir between Falls Reservoir and Blewett Falls Lake in the Uwharrie Lakes Region of North Carolina. It is entirely within Stanly County and Montgomery County, - you are looking for a rare find, this is your once in a lifetime opportunity to own and develop a beautiful lake front community. This is a 45-acre tract of land located in Norwood NC on Lake Tillery. There is over 4000 feet of shoreline on this property consisting of 2 peninsula shaped areas. Possibilities include subdividing the waterfront into several larger estate lots or multiple smaller individual lots on Lake Tillery. I personally would love to see a nice active adult community since Lake Tillery does not currently have this type of offering. The 45 acres also encompasses an old home place with a small house. This part of the property could possibly be developed for interior lots or homes that would accommodate a different price point but still have access to Lake Tillery with amenities offered by the developer or builder. The town of Norwood annexed and provides water/ sewer the adjoining developments of Edgewater and Eagle Pointe. This property on Randalls Church would need to be annexed to also for eligibility for services.

Lake Tillery is located in the Piedmont area of North Carolina about 50 miles from Charlotte NC, 45 miles from Pinehurst, and 100 miles from Raleigh. This area is also known as “ The Central Park of the South” because it is close to larger more urban areas but a perfect place for people to come play and enjoy the unspoiled natural resources of the area. Lake Tillery differs from other North Carolina lakes like Lake Norman and Lake Whylie in that its shoreline features 2 areas that will never be developed. On the Northern end of the lake you will find Morrow Mountain State Park on one side and the Uwharrie National Forest on the other. There are a few commercial facilities on the southern end of the lake such as Lilly’s Bridge Marina and River Wild restaurant that provide just enough amenities for boaters and Lake Tillery guests to enjoy without spoiling what brings people to the lake in the first place.


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