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$699,000 -$51,000 (-6.8%) Price Reduced
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Property Description & Video
131 West Point Drive, Nebo, NCVideo Tour of 131 West Point Drive, Nebo, NC.
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.
Full Property Details
Full Property Details for 131 W Point Dr
General
- Price: $699,000
- HOA FEE: $108/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4301433
- Updated: 5/22/2026
- Added to Site: 257 day(s) ago
Additional Information
- Shared Amenities: Boat Storage, Clubhouse, Gated, Lake Access, Outdoor Pool, Picnic Area
- Pool: Yes
Location
- County: McDowell
- Subdivision: The Peninsula at Lake James
School Information
- Elementary School: North Cove
- Middle School: West McDowell
- High School: McDowell
Community
- Assoc. Name: Cedar Management Group
Utilities
- Sewer: Septic Needed
- Water: Community Well
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Waterfront
Water Features
- Water Front Name: Lake James
Financial Considerations
- Association Fee: $1,300
- Assoc Fee Freq.: Annually
- Terms: Cash, USDA Loan
Disclosures and Reports
- Restrictions: Architectural Review, Manufactured Home Not Allowed, Modular Not Allowed, Square Feet
- Property ID: 1723-00-79-2941
- Plat: 00028/00050
- Lot Number: 01221/0520
Listed by Keller Williams Elite Realty
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Schools
Schools serving 131 W Point Dr
School District:McDowell County Schools
| Name | Grades | Distance |
|---|---|---|
North Cove Elementary School 401 American Thread Road, Marion, NC 28752 | PK-6 | 6 mi |
West Mcdowell Junior High School 346 West Mc Dowell Junior High School Road, Marion, NC 28752 | 7-9 | 6.5 mi |
Mcdowell Early Colle 54 College Drive, Marion, NC 28752 | 9-12 | 6.4 mi |
Mcdowell High School 600 McDowell High School Road, Marion, NC 28752 | 9-12 | 6.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 131 W Point Dr
Date
Details
Price
Change
Source
5/22/2026
Price Reduced
$699,000
-6.8%
MLS
9/11/2025
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 131 W Point Dr
131 West Point Drive, Nebo, NC 28761 (MLS# 4301433) is a Lots/Land property with a lot size of acres. 131 West Point Drive is currently listed for $699,000 and was received on September 11, 2025. Want to learn more about 131 West Point Drive? Do you have questions about finding other Lots/Land real estate for sale in Nebo? You can browse all Nebo real estate or contact a Coldwell Banker agent to request more information.

