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8004 Penman Springs Dr, Waxhaw, NC, 28173

5beds
3baths
3,230sqft
$730,000
$226price/sqft
$4,664/moest. monthly cost
$186,560/yrincome needed

About This Home

Welcome to 8004 Penman Springs Drive in Waxhaw—an inviting and spacious home offering a versatile layout and exceptional indoor-outdoor living. The main level features a full bedroom and bath, ideal for guests or multigenerational living, along with a formal dining room and formal living room that provide elegant spaces for entertaining. A welcoming great room with a fireplace flows seamlessly into the large kitchen, offering ample cabinetry, counter space, and room to gather. Upstairs, you’ll find four additional bedrooms, including the expansive primary suite complete with a walk-in closet, large shower, and relaxing garden tub. Three secondary bedrooms offer flexibility, with one currently used as a bonus room featuring a wet bar—perfect for a media room, game room, or home office. Step outside to enjoy a large, level backyard that is fully fenced. A screened porch and adjacent deck create the perfect setting for outdoor dining, entertaining, or simply relaxing year-round. This home combines comfort, functionality, and space in a desirable Waxhaw location.

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

7/10
9/10
9/10
Marvin Ridge High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 2007

Materials

  • Foundation: Crawl Space
  • Construction materials: Brick Partial,Vinyl

Type & Style

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

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Electric Cooktop,Exhaust Fan,Microwave,Wall Oven
  • Laundry features: Inside,Laundry Room,Upper Level

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Upper

Bedroom S

  • Level: Main

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bedrooms: 1

Breakfast

  • Level: Main

Dining Room

  • Level: Main

Features

  • Breakfast Bar,Soaking Tub,Open Floorplan,Pantry,Walk-In Closet(s),Wet Bar
  • Door features: Insulated Door(s)
  • Window features: Insulated Windows
  • Flooring: Carpet,Tile
  • Fireplace features: Great Room
  • Finished area below ground: 0
  • Finished area above ground: 3,230

Great Room

  • Level: Main

Heating & Cooling

  • Heating features: Central,Floor Furnace,Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,230
  • Total interior livable area: 3,230 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Upper

Living Room

  • Level: Main

Other

  • Level: Upper

Primary Bedroom

  • Level: Upper

Property

Details

  • Parcel number: 06159368
  • Zoning: AJ5
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: Community
  • Patio & porch: Deck,Screened
  • Exterior features: Fire Pit
  • Fencing: Back Yard,Fenced

Lot

  • Lot size: 0.43 Acres
  • Features: Cul-De-Sac,Level,Wooded

Parking

  • Total spaces: 2
  • Parking features: Driveway,Attached Garage,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
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Tornado
Cold Wave
Lightning
Strong Wind
Winter Weather

FEMA Declared Disasters in Union 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 $3,691$44,292
Home Insurance *$205$2,460
Property Taxes $468$5,616
Electricity $300$3,610
Total$4,664$55,968
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$159,908/yr
40% on housing$139,920/yr
45% on housing$124,373/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: 9.3%
9.3%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$226This listing

vs Other Active Listings

Avg $/sqft

ZIP 28173$252
Union County$223

vs Homes Sold Last Month

Median $/sqft

ZIP 28173$235
Union County$205

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
2026-05-13Price change$730,000
2026-04-16Price change$745,000
2026-01-08Listed for sale$750,000
2008-01-15Sold$377,000

For Sale by Agent

AgentGreg Martin
BrokerageMartinGroup Properties Inc

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