4950 Canterbury Place

Morganton, NC
$ 2,400,000 Beds 5 Baths 5.5 Sq 6,579 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 2,400,000
  • City
  • Morganton
  • Bedrooms
  • 5
  • Full Bathrooms
  • 5
  • County
  • BURKE
  • Half Bathrooms
  • 1
  • Area
  • Burke County
  • Lot Size
  • 1.14 Acres
  • Zip
  • 28655
  • Sqr Footage
  • 6,579
  • Year Built
  • 1994
  • Style
  • Victorian
  • MLS#
  • 4368973
Listed By: Patton Allen Real Estate LLC; rachel@pattonallenre.com
Data Source: Canopy MLS

Features

General

Living Area 6579
Sewer Septic Installed
Heating Heat Pump,Zoned
Cooling Central Air,Heat Pump,Zoned
Roof Architectural Shingle
Appliances Dishwasher,Gas Oven,Gas Range,Refrigerator with Ice Maker,Trash Compactor,Washer/Dryer
Patio/Porch Features Balcony,Covered,Front Porch,Wrap Around
Architectural Style Victorian
Construction Materials Vinyl
Year Built 1994
View Long Range,Mountain(s),Water,Year Round
Levels Three
Property Subtype Single Family Residence
Parcel Number 48205
Waterfront Features Beach - Private,Dock
Community Features Clubhouse,Outdoor Pool,Street Lights,Tennis Court(s)
County Burke
New Construction No
Property Type Residential
HOA Yes
Subdivision Name East Shores
Garage Y/N No
Other Structures Shed(s)
Full Baths 5
High School Freedom
City Morganton
Body of Water Lake James
Senior Community Y/N No
Lot Size Units Acres
Carport Y/N No
Elementary School Glen Alpine
Middle/Junior High School Table Rock
Additional Parcels Y/N No
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Restrictions Rental – See Restrictions Description
Tax Assessed Value 1856541
Listing Terms Cash,Conventional,Owner Financing

Interior Features

Interior Amenities Built-in Features,Entrance Foyer,Garden Tub,Kitchen Island,Pantry,Storage,Walk-In Closet(s),Walk-In Pantry
Basement Basement Shop,Full,Interior Entry,Partially Finished,Storage Space,Walk-Out Access,Walk-Up Access,Other
Flooring Carpet,Tile,Wood
Fireplace Features Den,Family Room,Gas Starter,Kitchen,Living Room,Primary Bedroom,Propane,Recreation Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 5181
Half Baths 1
Laundry Features Laundry Room
Total Bedrooms 5
Below Grade Finished Area 1398
Total Baths 6
SqFt Main 2591
SqFt Upper 1933

Exterior Features

Exterior Amenities Fire Pit,Dock - Floating,In-Ground Irrigation,Outdoor Shower
Parking Features Driveway
Lot Features Cul-De-Sac,Green Area,Level,Private,Wooded,Views,Waterfront
Water Source Public
Lot Size Area 1.14
Foundation Details Basement,Crawl Space
Road Surface Type Asphalt,Paved
Door Features French Doors
Other Equipment Fuel Tank - Owned
Road Responsibility Publicly Maintained Road
Main Level Garage YN No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hickory, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Glen Alpine Elementary School
Middle School Table Rock Middle School
High School Freedom High School

Price History

4/16/2026 Listed $2,400,000

Property vs Zip Code Average in 28655

Price
AVG $500K
$2.4M
Year Built
AVG 1983
1994
Visits
AVG 175
415
Data Provided by Inside Real Estate®

4950 Canterbury Place Morganton, NC is a Single Family Home for sale at $2400000 with 6579 sqft and a lot size of 1.14 Acres Acre(s). 4950 Canterbury Place Morganton has 5 bedrooms, 5 baths and was built in 1994. The property's zip code is 28655 which is in Morganton, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.