Last Sold Price
3 beds2,898 sqft$270/sqft
309 Peninsula Reserve Rd, Nebo, NC 28761

Description

This waterfront home is situated on 1.15 acres at the edge of the lake. Lake James was voted Top Ten in the United States out of the Top 100 Family-Friendly Places to Fish and Boat in 2016. This custom home was built for comfort, relaxation, and recreation.  The open floorplan with high ceilings and well-appointed country design makes this home perfect for lake life. On the lower level, gourmet kitchen, large dining area, walk-out covered deck outlooking the lake, master bed/bath, living rm with...This waterfront home is situated on 1.15 acres at the edge of the lake. Lake James was voted Top Ten in the United States out of the Top 100 Family-Friendly Places to Fish and Boat in 2016. This custom home was built for comfort, relaxation, and recreation.  The open floorplan with high ceilings and well-appointed country design makes this home perfect for lake life. On the lower level, gourmet kitchen, large dining area, walk-out covered deck outlooking the lake, master bed/bath, living rm with fireplace, half bath, and laundry rm. Upstairs, second master bed/bath and additional sleeping quarters for more quest, living rm, game rm, large bdrm, and full bath. Outside, easy walk to the lake and pool, lake outbuilding (powered) at the edge of the water for storage, aluminum boat dock in deep water. Most of the indoor furnishing can be purchased making it ready for a turn-key rental opportunity. This home has a strong rental history with a near-perfect track-record of 5-star guest reviews.
LISTING CLOSED: 07/20/2020 12:00 AM

  1. Listed by WNC Real Estate at Lake James

Property Details for 309 Peninsula Reserve Road

Status
MLS #
3619747
Days on Market
11
Taxes
-
HOA Fees
$605 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
2018
Lot Size
1.15 AC / 50,094 SF
Architectural Style
Contemporary
Waterfront Features
Boat Slip – Community, Boat Slip (Deed), Dock, Paddlesport Launch Site
Zoning Description
R-1
Parking Features
Driveway
Community Features
Clubhouse, Gated, Lake, Outdoor Pool, Picnic Area
Subdivision Name
The Peninsula at Lake James

Recent comparable sales

Median sold price

$1,320,000

Avg days on market

102

Sale-to-list ratio

90.1%

Nebo, NC

9 comparable properties found

$1,320,000 | 264 Porters Way, Nebo, NC 28761
1/49
1

$1,320,000

Sold 06/29/26

3
Bedrooms
3,255
Square Feet
1.86
Acres
$1,848,055 | 223 Linville View Drive, Nebo, NC 28761
1/49
2

$1,848,055

Sold 10/01/25

3
Bedrooms
2,400
Square Feet
0.99
Acres
$1,200,000 | 4092 Dense Acre Burke Trail, Nebo, NC 28761
1/48
3

$1,200,000

Sold 07/08/26

3
Bedrooms
2,401
Square Feet
1.03
Acres
$880,000 | 90 High Lake Drive, Nebo, NC 28761
1/42
4

$880,000

Sold 03/19/26

4
Bedrooms
2,921
Square Feet
1.34
Acres
a view of a house with large windows and a large tree
1/49
5

$930,000

Sold 06/30/25

3
Bedrooms
3,144
Square Feet
3.63
Acres
a view of a chairs and table in the garden
1/45
6

$2,450,000

Sold 11/12/25

3
Bedrooms
3,383
Square Feet
0.58
Acres
an aerial view of a house with a yard and garden
1/44
7

$1,525,000

Sold 10/10/24

3
Bedrooms
2,897
Square Feet
1.28
Acres
a view of a park with large trees
1/38
8

$845,000

Sold 05/22/25

4
Bedrooms
3,254
Square Feet
21.62
Acres
a view of a white house with large windows and a table and chairs
1/49
9

$2,225,000

Sold 07/22/26

3
Bedrooms
3,160
Square Feet
0.83
Acres

Location

Listing Courtesy of WNC Real Estate at Lake James

Sold By WNC Real Estate at Lake James

Add your commute

Building Information for 309 Peninsula Reserve Road

Stories-Year Built2018Building Size-Lot Size1.15 AC / 50,094 SF

Payment Calculator

$4,460 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,975

Property Taxes

$435

HOA Dues

$50

The Payment Calculator is for illustrative purposes only.

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Property Information for 309 Peninsula Reserve Road

Summary
Location and General Information
  • Water Body Name: Lake James
  • Longitude: -81.934306
  • Geocode Source: Manual
  • Latitude: 35.757762
  • Directions: From Morganton, travel NC-126 west toward Lake James. Go approximately 12 miles and turn right on South Mtn Institute Rd. Once on South Mtn Institute Rd, go about 3 miles entering into McDowell County. Go additional .50 miles and turn left into "The Peninsula at Lake James. The home is located on the left beside Pool House. Sign Posted.
  • Zoning NCM: R-1
Taxes and HOA Information
  • HOA Name: PLJ, Inc
  • HOA Phone: 855-209-5166
  • HOA Subject To: Required
  • HOA Subject To Dues: Mandatory
  • Tax Assessed Value: $552,890.00
  • Parcel Number: 172400935546
School Information
  • Middle Or Junior School: East McDowell
  • High School: McDowell
  • Elementary School: Nebo
Parking
  • Garage Main Level YN: No
Property
Lot Information
  • Elevation: 1000
  • Structure Type: 2 Story
  • Below Grade Finished Area: 0.0
  • Builder Name: P & R Property Consulting Group, LLC
  • Sq Ft Additional: 0
  • Sq Ft Garage: 0
  • Sq Ft Lower: 0
  • Sq Ft Main: 1449
  • Sq Ft Third: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 1449
  • Lot Features: Lake On Property, Lake Access, Level, Sloped, Wooded, Water View, Waterfront
  • Property Type: Residential
Property and Assessments
  • New Construction YN: No
  • Photos Count: 41
  • Road Responsibility: Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Permit Syndication: Yes
  • Plat Book Slide: 27/7
Utilities
  • Sewer: Septic Installed
  • Water Source: Community Well
Interior and Exterior Features
Exterior Features
  • Porch: Back,Covered,Deck,Screened
  • Exterior Features: Outbuilding(s), Satellite Internet Available, Underground Power Lines, Workshop
  • Construction Materials: Brick, Fiber Cement, Hardboard Siding
  • Road Surface Type: Gravel
  • Roof: Shingle
Interior Features
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Electric Dryer Hookup, Electric Oven, Exhaust Fan, Exhaust Hood, Plumbed For Ice Maker, Microwave, Refrigerator
  • Water Heater: Electric
  • Heating: Heat Pump
  • Interior Features: Breakfast Bar, Built Ins, Kitchen Island, Open Floorplan, Split Bedroom, Window Treatments
  • Laundry Features: Main Level, Laundry Room
  • Fireplace Features: Great Room, Wood Burning
  • Flooring: Laminate
  • Foundation Details: Crawl Space
  • Doors Windows: Insulated Windows,Pocket Doors
Room Information
Room 1
  • Baths Full: 2
  • Beds Total: 2
  • Room Types: Bathroom(s),Bedroom(s),Living Room,2nd Primary,Play Room,Rec Room,Sitting
  • Room Level: Upper
Room 2
  • Baths Full: 1
  • Baths Half: 1
  • Beds Total: 1
  • Room Types: Bathroom(s),Bedroom(s),Breakfast,Dining Area,Foyer,Great Room-Two Story,Kitchen,Laundry,Primary Bedroom
  • Room Level: Main
Multi Family
Multi-Family Information
  • Unit Count: 0

Property History for 309 Peninsula Reserve Road

DateEvent & SourcePriceAppreciation
Jul 20, 2020

Closed

CANOPY #3619747

$782,000
Jul 14, 2020

Closed (Public Record)

Public Record #675103610

$782,000
Jun 6, 2020

Under Contract-No Show

CANOPY #3619747

DateEvent & SourcePrice
07/20/2020

Closed

CANOPY #3619747

$782,000
07/14/2020

Closed (Public Record)

Public Record #675103610

$782,000
06/06/2020

Under Contract-No Show

CANOPY #3619747

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 309 Peninsula Reserve Road

Taxable ValueLand$275,000Additions$472,390Total$747,390
Tax Record2025$5,217 ($435 / month)
Home Facts
Beds3Total Finished SqFt2,852 SqFtAbove Grade Finished SqFt2,852 SqFtStories2Lot Size50,094 SqFtStyleSingle Family ResidenceYear Built2018CountyMCDOWELLAPN1724-00-93-5546Fireplace TypeHas Fireplace

Schools near 309 Peninsula Reserve Road

This home is within Mcdowell County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
North Cove Elementary School
PublicPK to 5

West McDowell Junior High School
Public6 to 8

McDowell High School
Public9 to 12

Eastfield Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 309 Peninsula Reserve Road, Nebo, NC 28761
$782,000
3
2,898
50,094
$227,500
50,094
50,530
$53,000
112,820
$220,000
53,143
$234,000
127,195

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of WNC Real Estate at Lake James

Based on information submitted to the MLS GRID as of 05/10/2021 05:27 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.