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Lake Terrace Homes for Sale in Shelby, SC

Lake Terrace has the feel of a small Shelby-area pocket where older ranch homes and newer construction sit along established streets with generous lots.

Active
2
Recently Sold
6

Active & Pending Listings

About Lake Terrace

Community overview based on MLS listing data for Lake Terrace, Shelby

First Impressions

Lake Terrace has the feel of a small Shelby-area pocket where older ranch homes and newer construction sit along established streets with generous lots. The setting leans residential and grounded, with Lakehurst Drive and nearby roads giving the neighborhood a straightforward, unpretentious character. Many homes here have the kind of practical curb appeal that comes from brick exteriors, front porches, and simple one-level layouts.

"A modest Shelby neighborhood shaped by roomy lots, brick homes, and a close-to-nature setting."

Home Styles & Community Feel

The housing mix is centered on single-family homes, with construction spanning from the late 1970s through a recent 2024 build. That range gives Lake Terrace a layered look: some homes show classic brick ranch styling, while others bring updated finishes such as granite countertops, vaulted ceilings, LVP flooring, and refreshed systems. Lot sizes are notably spacious for the area, and several properties pair that room with fenced backyards, decks, storage buildings, or carports. The overall impression is one of usable space rather than tight subdivision formality.

Brick appears often enough to define part of the streetscape, though not every home follows the same material palette. The neighborhood’s low-rise profile, modest home sizes, and open-yard feel create an easygoing residential rhythm that is more about space and simplicity than ornament.

Amenities & Daily Rhythm

Lake Terrace does not read like an amenity-heavy master plan, but it does offer the everyday comforts many buyers notice first: larger yards, outdoor decks, covered porches, and a setting close to Kennedy Lake and Hendricks Lake. Those nearby water features help shape the atmosphere, even when homes are not directly on the water. Mature landscaping, fenced yards, and the occasional creek or storage building add to the lived-in feel.

"Room to spread out, with lakeside scenery and practical homes that favor everyday use."

Location & Schools

In practical terms, Lake Terrace sits just north and just outside central Shelby, with nearby references pointing to the Fallston area as well. That places it in the Shelby region of western North Carolina, where local roads connect quickly to town services while still keeping a more open, edge-of-town feel. Public remarks point to Kennedy Lake and Hendricks Lake as nearby landmarks, and one listing also references the community’s proximity to Fallston.

School assignments commonly associated with the neighborhood are Fallston School for elementary, Burns Middle for middle grades, and Burns for high school. Together, those schools help define the local service area and give the neighborhood a clear connection to the surrounding Shelby-Fallston corridor.

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Nearby Communities

Communities similar to Lake Terrace

Recently Sold in Lake Terrace 6 recently sold in Lake Terrace, Shelby with dates and property details ↓

Recently Sold

6 recently sold in Lake Terrace, Shelby

Property Sold Sold Price Days on Market Size Sold to Ask Sold $/SF
721 Lakehurst Street sold home in Shelby, SC 721 Lakehurst Street 3 bd · 1 ba May 28 2026 $113,000 37 — 91.9% —
718 Lakehurst Drive sold home in Shelby, SC 718 Lakehurst Drive 3 bd · 2 ba Dec 17 2024 $263,950 55 1,124 sq ft 101.5% $235
729 Lakehurst Drive sold home in Shelby, SC 729 Lakehurst Drive 2 bd · 1 ba May 14 2024 $182,500 115 936 sq ft 98.6% $195
719 Lakehurst Drive sold home in Shelby, SC 719 Lakehurst Drive 3 bd · 1 ba Jun 26 2023 $205,000 38 1,125 sq ft 93.2% $182
731 Lakehurst Drive sold home in Shelby, SC 731 Lakehurst Drive 3 bd · 1 ba Sep 23 2020 $85,000 51 970 sq ft 106.3% $88
600 Deerfield Road sold home in Shelby, SC 600 Deerfield Road 3 bd · 1 ba Apr 30 2020 $127,000 34 1,183 sq ft 98.4% $107

Market Trends

Closed sales from MLS history for Lake Terrace, Shelby

Shelby 1 yr ▴ 4.2%

Below trend-line threshold — city median shown for context

$150k $200k $250k 20222023202420252026 $250k Shelby Sales closed per quarter peak 1

The Lake Terrace real estate market shows balanced market conditions. Homes typically sell within 44 days. With 2 active listings and 1 home sold in the past year, a healthy balance exists between buyers and sellers.

Pricing

Median Price
$227,000
Average Price
$227,000
$/Sq.Ft (Q1)
$107
1-Yr Price Trend
−57.2%

Property Details

Avg Bedrooms
2.9
Avg Bathrooms
1.1
Avg Lot Size
0.78 acres

Market Activity

Active Listings
2
Sold Last Year
1
Median Days to Sell
44 days

Community Info

Median Year Built
1980
New Construction
0%
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