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  • Price cut: $51K (5/22)
    $699,000

    131 W Point Dr, Nebo, NC 28761

    --beds
    --baths
    1.1Acres
    Unimproved Land
    Built in ----
    1.1 Acres Lot
    $-- Zestimate®
    $--/sqft
    $108/mo HOA

    What's special

    Sweeping mountain viewsLong-range viewsPanoramic open water views
    Incredible Main Channel Lakefront Lot with Long-Range Views! Welcome to lot 131 of The Peninsula at Lake James. A rare opportunity to own one of the best remaining main channel lots on Lake James, offering sweeping mountain views and panoramic open water views. This spectacular property is tucked inside the Peninsula at Lake James, one of the area’s most desirable gated lakefront communities known for its upscale amenities and breathtaking natural beauty. Positioned on a sloping homesite, the lot provides an ideal setup for a walk-out basement, while offering year-round, uninterrupted views across the shimmering waters of Lake James and out to the Blue Ridge Mountains. With private dock eligibility (pending Duke Power approval), you'll have direct access to the lake’s beautiful water perfect for boating, paddle boarding, fishing, or relaxing with friends and family at sunset. This lot offers incredible flexibility with access to the community well system, or the option to install your own private well. Septic will need to be installed, and the lot has ample space for a home, driveway, and outdoor living areas. The Peninsula at Lake James offers a lifestyle of luxury, adventure, and relaxation, with amenities including: Outdoor Pool with mountain views Gated Entrance for privacy and peace of mind Boat Storage Area Community Day Docks for easy water access Picnic Pavilion Poolhouse Beyond the community, the location is unbeatable: just 20 minutes to Morganton or Marion, where you’ll find local shops, breweries, restaurants, and grocery stores, as well as easy access to Interstate 40. Nature lovers will love the proximity to Pisgah National Forest, Lake James State Park, the Fonta Flora Trail, Linville Gorge, and the scenic Blue Ridge Parkway, all within a short drive. Whether you're building a forever home, vacation getaway, or investment property, this lot is ideal for short-term rentals (STRs are allowed by the community). The demand for high end lakefront vacation homes in this area continues to grow. Don't miss this chance to own a piece of Western North Carolina paradise on one of the most stunning stretches of shoreline in the state. Schedule your showing today and see firsthand what makes 131 West Point Drive one of the best opportunities on Lake James.
    299 days
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    85
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    5
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    Zillow last checked:

    Listing updated:

    Listed by:

    Chuck Johnson chuckjohnson@kw.com,

    Keller Williams Elite Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4301433MLS Logo

      Facts & features

      Interior

      Property

      Features
      • Pool features: Community
      • Has view: Yes
      • View description: Mountain(s), Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Boat Slip – Community, Covered structure, Waterfront
      • Body of water: Lake James
      Lot
      • Size: 1.1 Acres
      Details
      • Parcel number: 172300792941
      • Zoning: NA
      • Special conditions: Standard

      Utilities & green energy

      • Sewer: Septic Needed
      • Water: Community Well

      Community & HOA

      Community
      • Features: Boat Storage, Clubhouse, Gated, Lake Access, Picnic Area
      • Subdivision: The Peninsula at Lake James
      HOA
      • Has HOA: Yes
      • HOA fee: $1,300 annually
      • HOA name: Cedar Management Group
      Location
      • Region: Nebo

      Financial & listing details

      • Tax assessed value: $400,000
      • Date on market: 9/11/2025
      • Cumulative days on market: 300 days
      • Listing terms: Cash,USDA Loan
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/22/2026Price change$699,000-6.8%
        Source: Canopy MLS as distributed by MLS GRID #4301433 Report a problem
        9/11/2025Listed for sale$750,000
        Source: Canopy MLS as distributed by MLS GRID #4301433 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28761

        Getting around

        11 / 100
        Car-Dependent
        5 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: North Cove
        • Middle: West McDowell
        • High: McDowell

        Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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