$960,000
SOLD JUL 10, 2025

147 Pearl Bay Dr New London, NC 28127

4 Beds
3.5 Baths
3,510 Sq Ft
0.8 Acres

Recently Sold

$274 Per Sq Ft

91% Below List Price

91 Days on Market

Highlights

  • Access To Lake
  • Waterfront
  • Wood Flooring
  • Boat Slip
  • Clubhouse
  • Screened Porch

About This Home

As of July 2025

Imagine a morning cup of coffee on one of the two back decks of this
elegant waterfront home in a beautiful Badin Lake gated community.
The home features a formal living room and large dining room, but the
heart of the home is a vaulted open design kitchen, family room with
fireplace, and breakfast nook connected to a screened porch. The four
bedrooms and three and half bathrooms offer privacy, while the common
areas offer ample opportunities for fun and fellowship. The large bonus
room over the garage could function as a media room or provide extra
sleeping space. An open upstairs room serves as excellent office space.
Ample storage is provided by multiple closets, an attic, and the oversized
garage. Although there is no private dock, the deeded boat slip is directly
behind the house, just a short walk down a level path. The manicured lawn
and inground fire pit encourage games by day and s’mores by night. Heron Bay has so much to offer

Last Agent to Sell the Property

Diane Maness

Divine Real Estate Boutique, LLC Brokerage Email: diane.p.maness@gmail.com License #292683 Listed on: 03/19/2025

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,173

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • Irrigation

HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Asbestos Shingle Roof
  • Stone Siding
  • Hardboard

Interior Spaces

  • 1.5-Story Property
  • Wet Bar
  • Central Vacuum
  • Entrance Foyer
  • Family Room with Fireplace
  • Screened Porch
  • Water Views
  • Crawl Space

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Access To Lake
  • Boat Slip

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 666208982641

Community Details

Overview

  • Henderson Association
  • Boat Slip Association
  • Heron Bay Subdivision
  • Mandatory home owners association

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,173

Year Built

Built in 2007

Lot Details

0

HOA Fees

$108 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2007
  • Restrictions: Architectural Review
  • Special Assessment Yn: 1
  • Special Assessment Description: 250
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One and One Half
  • Ratio CurrentPrice/TotalPropertyHLA: 273.50
  • Geocode Confidence: High
  • Attribution Contact: diane.p.maness@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Central Vacuum, Entrance Foyer, Kitchen Island, Pantry, Walk-In Closet(s), Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2426
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1084
  • Appliances: Dishwasher, Exhaust Fan, Gas Cooktop, Gas Oven, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 3510
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas
  • Living Area: 3510
  • Bedroom Main: 3
  • Room Count: 1

Exterior Features

  • Exterior Features: In-Ground Irrigation
  • New Construction: No
  • Roof: Asbestos Shingle
  • Construction Type: Site Built
  • View: Water
  • Water Body Name: Badin Lake
  • Waterfront Features: Boat Slip (Deed)
  • Construction Type: Hardboard Siding, Stone
  • Patio And Porch Features: Enclosed, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 483
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Forced Air
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Main Level
  • Cooling: Heat Pump
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Boat Storage, Clubhouse, Gated, Lake Access, Other
  • Association Fee: 523
  • Association Fee Frequency: Semi-Annually
  • Association #2 Fee: 125
  • Association #2 Fee Frequency: Semi-Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association: Boat Slip
  • Association Name: Henderson

Association/Amenities

  • Association Annual Expense: 1296.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Waterfront
  • Lot Size Area: 0.8
  • Lot Size Units: Acres
  • Parcel Number: 666208982641
  • Additional Parcels: No
  • Zoning Specification: R

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2025
Closed on
Jul 10, 2025
Sold by
Edwards Phillip Kenneth and Edwards Sandra E
Bought by
Cornatzer Neil D
Seller's Agent
Diane Maness
Divine Real Estate Boutique, LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$11,000,000
Sold Price
$960,000
Premium/Discount to List
-$10,040,000
-91.27%
Views
187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
224.79%

Purchase Details

Closed on
Dec 29, 2016
Sold by
Edwards Phillip Kenneth and Edwards Sandra E
Bought by
Edwards Phillip Kenneth and Edwards Sandra E

Purchase Details

Closed on
Feb 2, 2015
Sold by
Koury Flake M and Koury Cynthia
Bought by
Edwards Phillip Kenneth and Smith Sandra Early

Purchase Details

Closed on
Aug 31, 2006
Sold by
Corn David Thomas and Corn Karen Mason
Bought by
Koury Flake M and Trader Free

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $960,000 None Listed On Document
Warranty Deed $960,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $494,000 None Available
Warranty Deed $132,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $127,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2025 07/10/25 Sold $960,000 -11.1% $274 / Sq Ft
05/08/2025 05/08/25 Price Changed $1,080,000 -90.2% $308 / Sq Ft
03/19/2025 03/19/25 For Sale $11,000,000 -- $3,134 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,173 $463,215 $99,000 $364,215
2023 $3,173 $463,215 $99,000 $364,215
2022 $3,173 $463,215 $99,000 $364,215
2021 $3,104 $463,215 $99,000 $364,215
2020 $3,104 $463,215 $99,000 $364,215
2019 $3,393 $502,700 $108,000 $394,700
2018 $3,393 $502,700 $108,000 $394,700
2017 $3,393 $502,700 $108,000 $394,700
2016 $3,393 $502,700 $108,000 $394,700
2015 $3,167 $502,700 $0 $0
2014 $3,167 $502,711 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4235730

Canopy MLS (Canopy Realtor® Association)

APN: 6662-08-98-2641