2494 Cherry Ln, Denver, NC, 28037
About This Home
Experience waterfront living at its finest in this beautifully renovated 5 bedroom, 3 bathroom home on Lake Norman. Thoughtfully redesigned from top to bottom, this home blends modern luxury with breathtaking lake views and an open, inviting floor plan perfect for everyday living and entertaining. The heart of the home is the stunning chef's kitchen, featuring a dramatic quartz waterfall island, two tone shaker cabinetry, stainless steel appliances, and seamless flow into the spacious living and dining areas. A 10 foot folding glass door opens the entire living space to the expansive deck, creating an effortless indoor-outdoor lifestyle while showcasing incredible views of the lake. The main level primary suite offers a peaceful retreat, while multiple additional bedrooms and expansive living spaces provide flexibility for family and guests. The finished walk-out lower level features a large recreation room, wet bar, and additional entertaining space with easy access to the backyard and waterfront. Outside, enjoy multiple outdoor living spaces including a screened porch, expansive deck, and a gentle walk to your private dock. Nestled in a quiet cove with beautiful long range water views, this property offers the perfect balance of peaceful waterfront living and convenient access to everything Lake Norman has to offer. Whether you're looking for a full-time residence or the perfect lake retreat, this move-in-ready home delivers modern finishes, exceptional entertaining spaces, and an unbeatable waterfront lifestyle.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1994
Materials
- Construction materials: Brick Partial,Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Exhaust Hood,Microwave
- Laundry features: Electric Dryer Hookup,Laundry Room,Main Level,Sink,Washer Hookup
Bar Entertainment
- Level: Basement
Basement
- Has basement: Yes
- Basement: Bath/Stubbed,Daylight,Exterior Entry,Finished,Interior Entry,Storage Space,Walk-Out Access,Walk-Up Access
Bathroom Full
- Level: Main
Bathroom Full
- Level: Main
Bathroom Full
- Level: Basement
Bedroom S
- Level: Main
Bedroom S
- Level: Main
Bedroom S
- Level: Basement
Bedroom S
- Level: Basement
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 3
Family Room
- Level: Basement
Features
- Kitchen Island,Open Floorplan,Pantry,Storage,Walk-In Closet(s),Wet Bar
- Door features: French Doors,Sliding Doors
- Flooring: Tile,Vinyl,Wood
- Fireplace features: Family Room,Living Room,Propane
- Finished area below ground: 1,440
- Finished area above ground: 1,833
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 1,833
- Total interior livable area: 3,273 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Primary Bedroom
- Level: Main
Property
Details
- Parcel number: 54220
- Zoning: R-SF
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Deck,Front Porch,Rear Porch,Screened
- Has view: Yes
- View description: Water,Year Round
- Has water view: Yes
- Water view: Water
- On waterfront: Yes
- Waterfront features: Dock,Paddlesport Launch Site,Pier,Waterfront
- Waterbody name: Lake Norman
Lot
- Lot size: 1.02 Acres
- Features: Views
Parking
- Total spaces: 2
- Parking features: Driveway,Attached Garage,Garage Door Opener,Garage Faces Front,Garage on Main Level
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- 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
- Ice Storm
- Lightning
- Tornado
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Lincoln County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $9,076 | $108,912 |
| Home Insurance * | $497 | $5,964 |
| Property Taxes | $915 | $10,980 |
| Electricity | $304 | $3,658 |
| Total | $10,792 | $129,504 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-17 | Listed for sale | $1,795,000 |
| 2026-01-02 | Listing removed | $1,650,000 |
| 2025-12-05 | Price change | $1,650,000 |
| 2025-11-01 | Price change | $1,665,000 |
| 2025-09-26 | Price change | $1,675,000 |
| 2025-08-29 | Price change | $1,685,000 |
| 2025-07-29 | Price change | $1,698,000 |
| 2025-07-12 | Listed for sale | $1,748,000 |
| 2024-09-16 | Sold | $900,000 |
| 2024-07-09 | Price change | $950,000 |
| 2024-06-19 | Listed for sale | $1,049,000 |
| 1998-12-17 | Sold | $335,500 |
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