Sold
Last Sold Price
77,972 Lot Size1.79 Acres
588 Peninsula Reserve Rd, Unit 35, Nebo, NC 28761
LandProperty Type
1.79 acresLot Size
$860/yrHOA Fees

Description

Discover the perfect canvas for your dream home in this exclusive gated community! This beautiful pretty level property spans just under 2 acres, providing ample space for your vision to come to life. Enjoy exclusive access to top-notch amenities, a refreshing community pool, a serene community dock perfect for relaxing by the water and lot available for boat parking at an additional fee - buyer to verify. Black Bear Boat Ramp is 3.4 miles from lot 35. The property is ready for development, with...Discover the perfect canvas for your dream home in this exclusive gated community! This beautiful pretty level property spans just under 2 acres, providing ample space for your vision to come to life. Enjoy exclusive access to top-notch amenities, a refreshing community pool, a serene community dock perfect for relaxing by the water and lot available for boat parking at an additional fee - buyer to verify. Black Bear Boat Ramp is 3.4 miles from lot 35. The property is ready for development, with pits already dug to assist with obtaining a septic permit, ensuring a smooth and efficient building process. There is a shared well with tap fee you may access and an electric box on the property and ready to use. Don't miss out on this rare opportunity to own a slice of paradise and create your custom retreat! Buyer to verify but, short term rentals allowed.
  • Listed by: • EXP Realty LLC Asheville corywallrealestate@gmail.com
Listing closed: 04/30/2025 12:00 AM • Source: CANOPY, MLS#: 4147004

Recent comparable sales

Median sold price

$60,000

Avg days on market

268

Sale-to-list ratio

81.4%

Nebo, NC

9 comparable properties found

$60,000 | Tbd Ridge Point Road, Unit 3, Nebo, NC 28761
1/37
1

$60,000

Sold 12/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.74
Acres
a view of forest
1/25
2

$68,000

Sold 06/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.24
Acres
a view of a yard with mountain view
1/15
3

$68,000

Sold 08/28/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.44
Acres
a view of a tennis court
1/16
4

$60,000

Sold 09/23/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.08
Acres
a view of a forest with a mountain
1/17
5

$55,000

Sold 09/24/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.01
Acres
a view of a lake with a mountain view
1/17
6

$55,000

Sold 08/20/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.57
Acres
a view of a street with benches
1/18
7

$69,000

Sold 10/08/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.08
Acres
a backyard of a house with lots of trees
1/21
8

$70,000

Sold 04/08/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.77
Acres
an aerial view of green landscape with trees houses and mountain view
1/21
9

$52,000

Sold 03/12/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.79
Acres

Location

Listing Courtesy of EXP Realty LLC Asheville
Add your commute

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$377 per month

30 year fixed, 6.55% Interest

Principal and Interest

$305

Property Taxes

$0

HOA Dues

$72

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Property Information for 588 Peninsula Reserve Road, Unit 35

Property Details
  • MLS Type: Land / Lot
  • Waterfront Features: Boat Ramp – Community, Boat Slip – Community
  • Community Features: Gated, Lake Access, Outdoor Pool, Picnic Area
  • Subdivision Name: The Peninsula at Lake James
Building Information
  • Lot Size: 1.79 AC
Summary
Location and General Information
  • Water Body Name: Lake James
  • Longitude: -81.937897
  • Latitude: 35.754716
  • Directions: From Marion travel on Lake James Rd. Turn right to stay on Lake James Rd. and The Peninsula is on the right. Go through gate and travel on Peninsula Reserve Dr. Veer left to stay of Peninsula Reserve Dr. and the lot is on your left. I-40 to exit 94. Head north on Dysartsville Rd, right on Bridgewater Rd, left on Benfields Landing Rd, right on Hwy 126 East. Veer left on S. Mountain Institute Rd and follow to Peninsula Rd.
Taxes and HOA Information
  • HOA Name: Cedar Management Grp
  • HOA Email: help@mycmg.com
  • HOA Phone: 704-644-8808
  • HOA Subject To: Required
  • HOA Subject To Dues: Mandatory
  • HOA Annual Expense: $860.00
  • Tax Assessed Value: $60,000.00
  • Parcel Number: 1724-00-82-4551
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: West McDowell
  • High School: McDowell
  • Elementary School: North Cove
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
Property
Lot Information
  • Elevation: 1500
  • Sq Ft Building Minimum: 1600
  • Lot Features: Rolling Slope, Wooded
  • Lot Size Units: Acres
  • Possible Use: Residential
  • Property Type: Land
Property and Assessments
  • Geocode Confidence: High
  • Photos Count: 37
  • Road Responsibility: Private Maintained Road
  • Senior Community YN: No
  • Plat Book Slide: 28
  • Plat Reference Section Pages: 52
  • Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
Utilities
  • Sewer: Septic Needed
  • Water Source: Shared Well, Tap Fee Required, Well Needed
Interior and Exterior Features
Exterior Features
  • Road Surface Type: Paved
Interior Features
  • Habitable Residence YN: No
Rental
Rent Information
  • Lease Considered YN: No

Property History for 588 Peninsula Reserve Road, Unit 35

DateEvent & SourcePriceAppreciation
Apr 30, 2025

Closed

CANOPY #4147004

$60,000
Oct 28, 2024

Price Change

CANOPY #4147004

$63,000
Sep 11, 2024

Price Change

CANOPY #4147004

$68,499
DateEvent & SourcePrice
04/30/2025

Closed

CANOPY #4147004

$60,000
10/28/2024

Price Change

CANOPY #4147004

$63,000
09/11/2024

Price Change

CANOPY #4147004

$68,499

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

Schools near 588 Peninsula Reserve Road, Unit 35

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: 588 Peninsula Reserve Road, Unit 35, Nebo, NC 28761
$60,000
77,972
$60,000
77,537
$58,000
82,764
$52,250
74,923
$50,000
61,419
$50,000
61,420

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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 EXP Realty LLC Asheville

Based on information submitted to the MLS GRID as of 05/03/2025 10:24 AM. 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.