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    Water Oak Way, Unit 11 Mount Gilead, NC 27306

    Sponsored
    For Sale
    $265,000

    LAND - Mount Gilead, NC

    Lot size:
    1.34 Acres
    Days on Market:
    15
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for Water Oak Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    Rooms
    Basement
    APN
    6575-07-69-5332
    Lot size
    1.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Water front
    1

    Mark McRae Properties, LLC (704) 985-3128 [email protected]

    Listing agent Mark McRae (704) 985-3128

    Listing date Dec 24, 2025

    MLS# 3934831 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Lot in Gated Community

    This property, identified as Lot 11, is part of the newly subdivided portion of Swift Island Plantation on Lake Tillery. The homesite lot spans over 1.34 acres and features more than 190 feet of shoreline. A second parcel is included with the property, offering over 400 feet of shoreline and a point overlooking the cove. The location provides views and significant water depth. The land features abundant hardwoods. The subdivision is serviced by county water and city sewer, along with underground utilities. Swift Island Plantation is a gated community with an established HOA. Current Duke Energy guidelines indicate that the property qualifies for a lease, potentially allowing for a boathouse and bulkhead, subject to confirmation by the buyer with Duke Energy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mount Gilead
    County
    Montgomery
    State
    North Carolina
    Longitude
    -80.087703
    Latitude
    35.284001

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    FAQs

    What type of property is this?
    Residential land & home lot - 1.34 acre lot with 190+ ft shoreline in gated community.
    Where is this residential land & home lot located?
    The property is located at Water Oak Way, Unit 11 Mount Gilead, NC.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: - 1.34+ acre homesite with 190+ feet of shoreline on Lake Tillery; - Additional parcel included with 400+ feet of shoreline on a point; - Qualifies for a boathouse and bulkhead lease (buyer to confirm with Duke Energy)
    (704) 985-3128
    Request Owner's contact information
    Water Oak Way, Unit 11 Mount Gilead, NC 27306
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    Mount Gilead, NC 27306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Water Oak Way, Unit 11 Mount Gilead, NC 27306
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