When was property at 54 Cottage Grove Drive built and last sold?

The property at 54 Cottage Grove Drive was built in 2006 and last sold on Oct 11, 2017 for $1,000,000.

How much is this home worth?

The estimated value of the home located at 54 Cottage Grove Drive is $0.

What are some comparable homes to 54 Cottage Grove Drive?

There are currently no comparable homes to 54 Cottage Grove Drive.

McDowell

28761

54 Cottage Grove Drive

$1,525,000

● House - Off Market

54 Cottage Grove Drive

Nebo, NC 28761

3 Beds

4 Baths, 1 Half Bath

2,920 Ft²

$8,370

Est. Monthly

$72

HOA / Fees

1.19%

Cap Rate

About This Property

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.

Unit Size

2,920 Ft²

Days on Market

Land Size

0.57 acres

Price per sqft

$579

Property Type

House

Property Taxes

HOA Dues

$72

Year Built

2006

Payment Calculator

Cap Rate Calculator

Last updated: 6 months ago (CANOPYMLS #CAR4246913)

Price History

Date / Event	Date	Event
Sep 5, 2025	Sold	Premium
Sold
Jul 18, 2025	In contract	-
In contract
May 2, 2025	Listed by J. Peterson Realty & Associate	$1,690,000
Listed by J. Peterson Realty & Associate
Oct 9, 2024	Temporarily off market	-
Temporarily off market
Oct 8, 2024	In contract	-
In contract
Apr 15, 2024	Listed by Keller Williams Unified	$1,699,000
Listed by Keller Williams Unified

	Exceptional waterfront home with stunning post and beam vaulted ceilings and a wall of windows overlooking the flat outdoor space, mountains, and miles of crystal Lake James water. Just beyond the usable back yard, note the substantial double-decker dock and private beach swimming area. These are rare finds around Lake James that allow for extra fun. Gather with family and friends in the oversized living room and screened porch, both with spectacular stone fireplaces. The primary bedroom suite and guest bedrooms are also located on the main floor. Upstairs there's another cozy haven to enjoy with guests, including a loft attaching private bedrooms and two full bathrooms. All of this is located in the outstanding, gated community of The Arbor at Lake James, known for its logical and affordable HOA, RV/Boat storage area, waterfront gathering space, and neighborhood hiking trails. Short-term rentals allowed. Please ask to see the impressive rental history. Sleeps 14. Offered turnkey.
Oct 12, 2017	Sold	Premium
Sold
Sep 13, 2005	Sold	Premium
Sold

Property Highlights

Garage

Fireplace

With View

Building Info

Overview

General

Year Built: 2006

Effective Year Built: 2006
Bedroom Count: 5
Bathroom Count: 5
Full Bathrooms: 4
Partial Bathrooms: 5
Building Condition: 0
Building Quality: 3
Construction Type: 0
Building Style: 0
Exterior Walls Type: 11
Interior Walls Type: 17
Roof Shape Type: 0
Roof Cover Type: 0
Floor Count: 150
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 24,829

Lot Size Frontage Feet: 0
Total Building Area: 2,916
Building Area: 2,916
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 1
Heating: 0
Heated Square Feet: 2,916
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: THE ARBOR SD
Land Acres: 0000000570
Standard Land Use Code: 1008
County Land Use Code: 50
Legal Description 1: LOT 152 THE ARBOR S/D.57 AC

Neighborhood

School District Name: McDowell County Schools

Census Tract: 970200

Geography

Account Number: 67091

District: 08
Parcel: 1713-00-92-2241
Lot: 152
Municipality: NEBO
Latitude: 35.726
Longitude: -81.9678

Address

Full Address: 54 Cottage Grove Dr

Address - House Number: 54
Address - Street Name: Cottage Grove
Address - Suffix Type: Dr
State: NC
City Name: Nebo
Carrier Code: R004
4-Digit Zip Code: 6408
Zip Code: 28761

Valuation

Tax

Tax Year: 2023

Tax Amount: $845,641

Appraisal Valuation

Standard Deviation: 0.2395

Valuation Date: Dec 13, 2023
Confidence Score: 66
Final Value: 1,523,560
High Value: 1,888,588
Low Value: 1,158,533

Open Liens

Total Open Liens:

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Market Valuation

Market Total Value: $1,265,930

Market Land Value: $280,000
Market Improvement Value: $985,930

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $1,265,930
Assessed Land Value: $280,000
Assessed Improvements Value: $985,930

Sales

Current Sale Contract Date: Oct 11, 2017

Current Sale Recording Date: Oct 12, 2017
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 2017004956
Previous Sale Recording Date: Sep 13, 2005
Previous Sale Contract Date: Sep 09, 2005
Previous Sale Amount: $220,000
Previous Sale Document Type: 71

Last Sale Mortgage

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About McDowell

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$213

Below Asking

0.04%

Average Days on Market

Average Home Size

2031 ft²

Average Home Age

2.1 years

Currently For Sale

250 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Listed by: Jannell Peterson, J. Peterson Realty & Associate
Last Updated: 6 months ago
Data Source: CANOPYMLS, MLS# CAR4246913

Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
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.

54 Cottage Grove Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About McDowell

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions