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747 Cannonsgate Drive Lot 463, Newport, NC, 28570

5beds
5baths
4,315sqft
$2,625,000
$608price/sqft
$15,281/moest. monthly cost
$611,240/yrincome needed

About This Home

Waterfront Grandeur meets Modern Masterpiece. Positioned on the Intracoastal Waterway, this custom-built home in the exclusive, gated community of Cannonsgate offers an unparalleled coastal lifestyle. Designed to blur the lines between indoors and out, the residence captures breathtaking, panoramic views of Bogue Sound. Whether watching passing boats or enjoying sound breezes, this home offers an exceptional connection to the natural surroundings to include wildlife and Bogue Sound islands. Designed for Grand-Scale entertaining, the main level unfolds in a seamless, open-concept design anchored by a soaring family room with custom coffered ceilings and a sleek electric fireplace. At the heart of the home is a chef's kitchen equipped with a Thermador gas range, Thermador dishwasher, Thermador 36'' Dual Duel Harmony Range, Cafe French door refrigerator, specialty pasta arm faucet, Taj Mahal granite waterfall island, and custom cabinetry. Glass doors transition effortlessly to expansive , multi-level composite covered porches. Whether you are fishing at sunset on the observation deck, watching boaters and dolphins pass by, or lounging beside your private saltwater pool, the connection to nature is absolute. Spanning five bedrooms and four and a half baths, this home is accommodating for family and guest a like. The primary suite serves as a private oasis, boasting its own cozy electric fireplace, a dedicated sitting area overlooking the water, and spa-like quartz counter finishes in the ensuite. Built by Ty Gay Builders, the home features standing seam aluminum roofing, spray-foam insulation, a Rinnai tankless water recirculation, and motorized high wind-rated roll-down shutters. Cannonsgate boast resort styled amenities, such as a boat ramp, community pool, tennis court, pier with gazebo, trails, play ground, kayak launch, fish cleaning station.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

10/10
7/10
9/10
Croatan High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 2023

Materials

  • Foundation: Slab
  • Roof: Aluminum
  • Construction materials: Brick,Fiber Cement,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Cooktop,Electric Oven,Built-In Electric Oven,See Remarks,Refrigerator,Dishwasher,Tankless Water Heater
  • Laundry features: Laundry Room

Basement

  • Basement: None

Bedroom1

  • Level: Ground

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedroom5

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Bonus Room

  • Level: Fourth

Dining Room

  • Level: Third

Features

  • Walk-in Closet(s),High Ceilings,Kitchen Island,Elevator,Ceiling Fan(s),Walk-in Shower,Built-in Features,Walk-In Closet(s),See Remarks
  • Flooring: LVT/LVP,Tile,See Remarks
  • Attic: Partially Floored

Heating & Cooling

  • Heating features: Heat Pump,Forced Air
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 4,315
  • Total interior livable area: 4,315 sqft

Kitchen

  • Level: Third

Living Room

  • Level: Third

Master Bedroom

  • Level: Second

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 630504831973000
  • Zoning: Residential
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Pool features: In Ground
  • Patio & porch: Covered,Front Porch,Rear Porch
  • Exterior features: DP50 Windows
  • Fencing: Back Yard,Fenced
  • Has view: Yes
  • View description: ICW,Sound
  • Has water view: Yes
  • Water view: Sound
  • On waterfront: Yes
  • Waterfront features: Bulkhead,Salt Marsh,Sound Side,Water Access Comm,ICW Front,Sound Front
  • Frontage type: ICW Front,Sound Front
  • Living area range: 4000 - 4499

Lot

  • Lot size: 0.43 Acres
  • Features: See Remarks,Bulkhead,Salt Marsh,Sound Side,Water Access Comm
  • Lot size dimensions: 40 x 478 x 40 x 479

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Coastal Flooding
Strong Wind
Wildfire
Tsunami

FEMA Declared Disasters in Carteret County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $13,273$159,276
Home Insurance *$645$7,740
Property Taxes $962$11,544
Electricity $401$4,822
Total$15,281$183,372
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$523,920/yr
40% on housing$458,430/yr
45% on housing$407,493/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$608This listing

vs Other Active Listings

Avg $/sqft

ZIP 28570$236
Carteret County$289

vs Homes Sold Last Month

Median $/sqft

ZIP 28570$207
Carteret County$252

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-21Listed for sale$2,625,000
2020-11-10Sold$129,000
2020-09-08Pending sale$150,000
2020-08-06Listed for sale$150,000

For Sale by Agent

AgentKimberly Malone Gay
BrokerageMALONE REALTY

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