Discover the ultimate Lake James lifestyle in the gated community of The Arbor. This stunning craftsman home showcases remarkable post-and-beam construction, with exposed beams & cathedral ceilings. Large windows frame breathtaking views of the lake, inviting the natural beauty indoors. The interior highlights natural wood finishes, custom-built-ins, & a grand wall of windows. The main floor features a well-appointed primary bedroom suite & a guest room. Upstairs, you'll find a loft, a wet bar, a bunk room, a bonus room, & two extra bathrooms. Gather in the living room or the inviting screened-in porch, both featuring beautiful fireplaces. This meticulously designed turn-key residence is ideal for entertaining & accommodating guests. Enjoy a usable backyard that includes a spacious private double-decker dock, perfect for your boating & water activities. Whether for personal enjoyment or as a short-term rental, this home makes the perfect retreat in the heart of Lake James.
Closed
$1,525,000
54 Cottage Grove Dr, Nebo, NC 28761
3beds
2,920sqft
Single Family Residence
Built in 2006
0.57 Acres Lot
$1,527,400 Zestimate®
$522/sqft
$4,368 Estimated rent
Home value
$1,527,400
Estimated sales range
Not available
$4,368/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jannell Peterson 828-460-7508,
J. Peterson Realty & Associate
Bought with:
Bryan Jones
Keller Williams Unified
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4246913
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 268.89 Square Feet
- Dimensions: 13' 8" X 19' 8"
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Electric Cooktop, Exhaust Hood, Microwave, Refrigerator with Ice Maker, Tankless Water Heater, Wall Oven, Washer/Dryer
- Laundry: Utility Room, Inside, Main Level
Features
- Built-in Features, Kitchen Island, Open Floorplan, Pantry, Wet Bar
- Flooring: Carpet, Tile, Wood
- Has basement: No
- Fireplace features: Family Room, Gas Log, Porch, Wood Burning
Interior area
- Total structure area: 2,920
- Total interior livable area: 2,920 sqft
- Finished area above ground: 2,920
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Front, Keypad Entry, Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Deck, Rear Porch, Screened, Side Porch
- Exterior features: Fire Pit
- Has spa: Yes
- Spa features: Heated
- Fencing: Back Yard,Partial,Wood
- Has view: Yes
- View description: Mountain(s), Water, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Dock, Personal Watercraft Lift, Pier, Waterfront
- Body of water: Lake James
Lot
- Size: 0.57 Acres
- Features: Cul-De-Sac, Level, Views
Details
- Parcel number: 171300922241
- Zoning: McDowell
- Special conditions: Standard
- Other equipment: Fuel Tank(s), Generator Hookup
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Post and Beam
- Property subtype: Single Family Residence
Materials
- Stone Veneer, Wood
- Foundation: Crawl Space
- Roof: Metal
Condition
- New construction: No
- Year built: 2006
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Electricity Connected, Propane, Underground Power Lines, Underground Utilities, Wired Internet Available
Community & HOA
Community
- Features: Boat Storage, Gated, Lake Access, Picnic Area, RV Storage, Street Lights, Walking Trails
- Security: Intercom, Security System, Smoke Detector(s)
- Subdivision: The Arbor at Lake James
HOA
- Has HOA: Yes
- HOA fee: $860 annually
Location
- Region: Nebo
Financial & listing details
- Price per square foot: $522/sqft
- Tax assessed value: $1,265,930
- Annual tax amount: $8,456
- Date on market: 5/2/2025
- Cumulative days on market: 76 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Concrete, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2025 | Sold | $1,525,000-9.8%$522/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4246913 Report a problem | ||
| 5/2/2025 | Listed for sale | $1,690,000-0.5%$579/sqft |
Source: Canopy MLS as distributed by MLS GRID #4246913 Report a problem | ||
| 8/28/2024 | Listing removed | $1,699,000$582/sqft |
Source: Canopy MLS as distributed by MLS GRID #4129521 Report a problem | ||
| 5/29/2024 | Price change | $1,699,000-5.1%$582/sqft |
Source: Canopy MLS as distributed by MLS GRID #4129521 Report a problem | ||
| 5/8/2024 | Price change | $1,790,000-5.3%$613/sqft |
Source: Canopy MLS as distributed by MLS GRID #4129521 Report a problem | ||
| 4/16/2024 | Listed for sale | $1,890,000+89%$647/sqft |
Source: Canopy MLS as distributed by MLS GRID #4129521 Report a problem | ||
| 10/12/2017 | Sold | $1,000,000-16%$342/sqft |
Source: Public Record Report a problem | ||
| 6/29/2017 | Listing removed | $1,190,000$408/sqft |
Source: My Townhome #3279337 Report a problem | ||
| 5/9/2017 | Listed for sale | $1,190,000-8.4%$408/sqft |
Source: My Townhome #3279337 Report a problem | ||
| 7/2/2015 | Listing removed | $1,299,000$445/sqft |
Source: Lake James Real Estate, Inc #560040 Report a problem | ||
| 3/5/2015 | Listed for sale | $1,299,000+490.5%$445/sqft |
Source: Lake James Real Estate, Inc #560040 Report a problem | ||
| 9/13/2005 | Sold | $220,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,456 | $1,265,930 |
| 2024 | $8,456 | $1,265,930 |
| 2023 | $8,456 +25.4% | $1,265,930 +27.2% |
| 2022 | $6,745 | $994,850 |
| 2021 | $6,745 -1.5% | $994,850 |
| 2020 | $6,845 -98.5% | $994,850 +45.1% |
| 2017 | $446,120 +9900% | $685,810 +4.2% |
| 2016 | $4,461 | $658,060 -4% |
| 2014 | $4,461 +1.7% | $685,810 |
| 2013 | $4,388 | $685,810 |
| 2012 | -- | $685,810 |
Find assessor info on the county website
Neighborhood: 28761
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Nearby schools
GreatSchools rating
- 5/10Nebo Elementary SchoolGrades: PK-5Distance: 2.3 mi
- 6/10East McDowell Junior High SchoolGrades: 6-8Distance: 3.1 mi
- 2/10McDowell High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Nebo
- 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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Estimated market value
$1,527,400
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Estimated market value
$1,527,400
- North Carolina
- McDowell County
- Nebo
- 28761
- 54 Cottage Grove Dr
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