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4950 Canterbury Pl, Morganton, NC, 28655

5beds
6baths
6,579sqft
$2,400,000
$365price/sqft
$14,993/moest. monthly cost
$599,720/yrincome needed

About This Home

Waterfront estate situated on its own private peninsula along the pristine shores of Lake James. Sweeping, unobstructed views of the lake and surrounding mountains greet you from the wrap-around porch where Golden Hour sunsets are nothing short of extraordinary. The property is designed for easy indoor-outdoor living and entertaining with thoughtfully designed water features including 3 waterfalls and a goldfish pond, a large green space ready for croquet or even a regulation size pickleball or badminton court, a brand-new dock, a fire-pit set on the point, and 450 feet of private shoreline. A timeless Victorian home spans three levels rich in character. Inside, a dramatic foyer with soaring ceilings and a curved staircase makes a striking first impression, while the two-story circular library stands as a true architectural centerpiece. The main level is thoughtfully laid out for both everyday living and hosting, with generous living and dining spaces, a cozy den, and a kitchen complete with a wood-burning fireplace and easy access to the outdoor areas. The primary suite features a private balcony and spa-inspired bath, while additional bedrooms, flexible living areas, and a finished lower level plumbed for a kitchen provide ample space for guests, friends, and family. A truly one-of-a-kind Lake James property that must be experienced to be fully appreciated. Owner is financing available at 3.25% — a rare opportunity for a property this distinctive.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

6/10
Glen Alpine ElementaryGrades PK-53.5 mi
6/10
Table Rock MiddleGrades 6-83.4 mi
5/10
Freedom HighGrades 9-126.4 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Crawl Space
  • Construction materials: Vinyl

Type & Style

  • Home type: SingleFamily
  • Architectural style: Victorian
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Gas Oven,Gas Range,Refrigerator with Ice Maker,Trash Compactor,Washer/Dryer
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Basement Shop,Full,Interior Entry,Partially Finished,Storage Space,Walk-Out Access,Walk-Up Access,Other

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Third

Bathroom Full

  • Level: Basement

Bathroom Half

  • Level: Main

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Third

Bedroom S

  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1

Den

  • Level: Main

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Built-in Features,Soaking Tub,Kitchen Island,Pantry,Storage,Walk-In Closet(s),Walk-In Pantry
  • Door features: French Doors
  • Flooring: Carpet,Tile,Wood
  • Fireplace features: Den,Family Room,Gas Starter,Kitchen,Living Room,Primary Bedroom,Propane,Recreation Room,Wood Burning
  • Finished area below ground: 1,398
  • Finished area above ground: 5,181

Flex Space

  • Level: Basement

Heating & Cooling

  • Heating features: Heat Pump,Zoned
  • Cooling features: Central Air,Heat Pump,Zoned

Interior Area

  • Total structure area: 4,524
  • Total interior livable area: 6,579 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Upper

Library

  • Level: Main

Library

  • Level: Upper

Living Room

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Primary Bedroom

  • Level: Upper

Recreation Room

  • Level: Basement

Workshop

  • Level: Basement

Property

Details

  • Parcel number: 48205
  • Zoning: R-3
  • Special condition: Standard

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: Community
  • Patio & porch: Balcony,Covered,Front Porch,Wrap Around
  • Exterior features: Fire Pit,In-Ground Irrigation,Outdoor Shower
  • Has view: Yes
  • View description: Long Range,Mountain(s),Water,Year Round
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Beach - Private,Dock,Waterfront
  • Waterbody name: Lake James

Lot

  • Lot size: 1.14 Acres
  • Features: Cul-De-Sac,Green Area,Level,Private,Wooded,Views

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Cold Wave
Landslide
Tornado

FEMA Declared Disasters in Burke 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 $12,135$145,620
Home Insurance *$948$11,376
Property Taxes $1,298$15,576
Electricity $612$7,353
Total$14,993$179,916
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$514,045/yr
40% on housing$449,790/yr
45% on housing$399,813/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: 10.5%
10.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$365This listing

vs Other Active Listings

Avg $/sqft

ZIP 28655$181
Burke County$186

vs Homes Sold Last Month

Median $/sqft

ZIP 28655$177
Burke County$195

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)

No zestimate history available

Price History

DateEventPrice
2026-04-16Listed for sale$2,400,000
2026-03-03Listing removed$2,500,000
2025-06-20Price change$2,500,000
2025-04-28Price change$2,700,000
2024-11-06Listed for sale$2,975,000
2023-08-19Listing removed--
2023-04-03Price change$2,490,000
2022-05-06Listed for sale$2,750,000
2022-01-31Listing removed--
2021-11-12Listed for sale$2,400,000

For Sale by Agent

AgentRachel Alosky Stark, Patton Allen Real Estate LLC
BrokeragePatton Allen Real Estate LLC

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