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$119,900 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • Updated 3 days ago
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Discover the perfect canvas for your dream home with this 2.86-acre interior lot in a prestigious gated community The Peninsula at Lake James. Ideally situated directly across from the community pool and dock, this gently sloping lot offers both convenience and tranquility, with breathtaking views of Shortoff Mountain providing a serene and picturesque backdrop. Featuring a 4 bedroom septic improvement permit already on file, the property is primed for your ideal residence. The Peninsula has lots of amenities such as the community pool, day dock, (both right across the street) and on site boat storage area. Experience the best of lake living and outdoor enjoyment in a community that combines natural beauty with modern amenities. Don't miss this rare opportunity to secure a prime piece of property in one of the area's most sought-after neighborhoods and start building the home you've always envisioned!

Full Property Details for 254 Peninsula Reserve Rd

General

  • Price: $119,900
  • HOA FEE: $95/month
  • HOA FEE FREQ.: Annually
  • Status: Active
  • Type: Lots/Land
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4356083
  • Updated: 3/11/2026
  • Added to Site: 4 day(s) ago

Additional Information

  • Shared Amenities: Cabana, Gated, Lake Access, Recreation Area

Location

  • County: McDowell
  • Driving Directions: Take Lake James Road to Peninsula Reserve Road and gated entrance into The Peninsula. On Peninsula Reserve Road, Lot #4 is on the right just prior to the entrance to the community pool and day dock on the left.

Community

  • Assoc. Name: Cedar Mgnt.

Utilities

  • Sewer: Septic Needed
  • Water: Community Well, Well Needed
  • Utility Description: Cable Available, Propane, Underground Utilities

Lot Features

  • Street/Road Desc.: Paved
  • Elevation (Approx.): 1500
  • Lot Features: Private, Sloped, Views

Financial Considerations

  • Association Fee: $1,136
  • Assoc Fee Freq.: Annually
  • Terms: Cash, Conventional, FHA, FHA 203(K), USDA Loan, VA Loan

Disclosures and Reports

  • Restrictions: Architectural Review, Building
  • Property ID: 172400930425
  • Lot Number: 1375

Listed by GreyBeard Realty

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Listing agent

— 254 Peninsula Reserve Rd —

  • GreyBeard Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 254 Peninsula Reserve Rd

School District:McDowell County Schools
NameGradesDistance
North Cove Elementary School
401 American Thread Road, Marion, NC 28752
PK-65.9 mi
West Mcdowell Junior High School
346 West Mc Dowell Junior High School Road, Marion, NC 28752
7-97.1 mi
Mcdowell High School
600 McDowell High School Road, Marion, NC 28752
9-127 mi
Mcdowell Early Colle
54 College Drive, Marion, NC 28752
9-127.1 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 254 Peninsula Reserve Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$119,900
49.88%
MLS
10/29/2021
Sold
$80,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 254 Peninsula Reserve Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$503
—
$72,000
—
2024
$503
—
$72,000
—
2023
$503
18%
$72,000
20%
2022
$425
3%
$60,000
—
2021
$413
-1%
$60,000
—
2019
$419
50%
$60,000
50%
2018
$279
9%
$40,000
—
2017
$256
—
$40,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by GreyBeard Realty

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254 Peninsula Reserve Road, Nebo, NC 28761 (MLS# 4356083) is a Lots/Land property with a lot size of acres. 254 Peninsula Reserve Road is currently listed for $119,900 and was received on March 11, 2026. Want to learn more about 254 Peninsula Reserve Road? 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.

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