It’s all about the views! Build your waterfront dream home or lakeside retreat in The Peninsula at Lake James, a premier gated mountain lake community.
This 1.80-acre waterfront homesite features a gentle slope and offers breathtaking, million-dollar views of the Blue Ridge Mountains and the pristine waters of Lake James—an ideal setting for your custom mountain getaway.
Residents of The Peninsula enjoy exceptional community amenities, including a saltwater pool, pavilion, fire pit, community day dock, and boat storage. The neighborhood is continuing to grow, with beautiful custom homes currently under construction throughout the community.
Waterfront opportunities on Lake James are becoming increasingly rare, and properties in this sought-after area are selling quickly—don’t miss your chance to own a piece of this incredible mountain lake lifestyle.
Conveniently located less than an hour from Asheville and Black Mountain, the area also offers endless outdoor recreation. Explore nearby hiking destinations such as Table Rock, Shortoff Mountain, and Linville Gorge, or enjoy biking and hiking at Fonta Flora Trails and Lake James State Park. Spend your days on the water boating, fishing, and taking in the natural beauty that makes Lake James so special.
Short-term rentals are allowed, offering excellent flexibility for personal use or investment potential.
Active
Price cut: $30K (4/21)
$495,000
154 W Point Dr, Nebo, NC 28761
--beds
--baths
1.8Acres
Unimproved Land
Built in ----
1.8 Acres Lot
$-- Zestimate®
$--/sqft
$100/mo HOA
What's special
- 117 days |
- 317 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
Marilyn Varnes marilynvarnesNC@gmail.com,
Berkshire Hathaway HomeServices Blue Ridge REALTORS®
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4354838
Facts & features
Interior
Interior area
- Finished area below ground: 0
Property
Features
- Has view: Yes
- View description: Long Range, Water, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Boat Slip – Community, Waterfront
- Body of water: Lake James
Lot
- Size: 1.8 Acres
- Features: Rolling Slope, Views
Details
- Parcel number: 172300797848
- Zoning: R-1
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Needed
- Water: Community Well, Tap Fee Required
Community & HOA
Community
- Subdivision: The Peninsula at Lake James
HOA
- Has HOA: Yes
- HOA fee: $1,200 annually
- HOA name: Cedar Management
- HOA phone: 877-252-3327
Location
- Region: Nebo
Financial & listing details
- Tax assessed value: $275,000
- Date on market: 3/11/2026
- Cumulative days on market: 118 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Price change | $495,000-5.7% |
Source: | ||
| 3/12/2026 | Listed for sale | $525,000 |
Source: | ||
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
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 4/10North Cove Elementary SchoolGrades: PK-5Distance: 6 mi
- 3/10West McDowell Junior High SchoolGrades: 6-8Distance: 6.5 mi
- 10/10McDowell Early CollegeGrades: 9-12Distance: 6.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- McDowell County
- Nebo
- 28761
- 154 W Point Dr






