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McDowell 28761
705 Waters Edge Drive
$2,399,000
● House - For Sale

705 Waters Edge Drive

Nebo, NC 28761
bedrooms
4 Beds
bathrooms
4 Baths
square feet
4,879 Ft²
$11,863
Est. Monthly
$83
HOA / Fees

About This Property

Discover the best of Lake James living in this beautifully maintained waterfront home offering stunning mountain and lake views from nearly every room. Designed for easy entertaining and comfortable everyday living, the open floor plan features two bedrooms on the main level, including a spacious primary suite with double vanities, soaking tub and oversized shower. The dining area flows seamlessly into the kitchen with island, large pantry, and abundant cabinetry. A convenient laundry room offers additional cabinetry and a sink. In the great room, a two-sided gas fireplace creates a focal point and connects the interior to the outdoor living spaces. Ash hardwood floors throughout main level. Step onto the covered deck and enjoy the spectacular views. The finished lower level expands the living space with a game area, family room, second full kitchen, two additional bedrooms, and a hall bath. An additional den or potential fifth bedroom with its own full bath provides flexible accommodations for guests. A large storage area offers excellent potential for an office, hobby space, or additional storage. Speakers throughout the home add to the entertainment experience, with plenty of storage  to keep everything organized. With an gentle walk to the water, gazebo, and two-slip dock, enjoying the lake is easy. One slip is covered and equipped with a lift, the second is uncovered. there is also a separate jet ski dock. Dock is equipped with tv hookup, speakers, power and water via pump from the lake.  Gather around the fire pit after a day on the lake or enjoy the views from the gazebo with its durable metal roof. The low-maintenance Hardie board exterior and two-car garage with workshop area make ownership easy. Short-term rentals are allowed providing and income generation-rental history is available. Furnishings, boat, and kayaks are negotiable, making this an exceptional opportunity to enjoy Lake James immediately. The Arbor is a quiet gated community jut 15 minutes from Marion NC where you can go for shopping , dining and entertainment.  The Arbor community also features walking trails, a lakeside picnic pavilion and boat storage area. Short drive to to hiking and biking trails in Pisgah NF and Fonta Flora State Trail.
Unit Size
4,879 Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$492
Property Type
House
Property Taxes
-
HOA Dues
$83
Year Built
2003

Listed By

Polly Leadbetter
Engel & Volkers Foothills Lake James

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Last updated: 2 months ago (CANOPYMLS #CAR4416637)

Price History

Date / Event Date Event Price
Aug 25, 2026 Listed by Engel & Volkers Foothills Lake James $2,399,000
Listed by Engel & Volkers Foothills Lake James

Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Parking Features: Driveway, Attached, Garage Door Opener, Garage Faces Front
Garage Spaces: 2
Interior Details
Full Bathrooms: 4
Interior Features: Breakfast Bar, Kitchen Island, Open Floorplan, Walk-In Closet(s), Garden Tub
Appliances: Dishwasher, Dryer, Electric Range, Gas Range, Gas Water Heater, Microwave, Water Heater, Refrigerator, Washer, Washer/Dryer
Flooring Type: Carpet, Marble, Slate, Tile, Wood
Door Features: Sliding Doors, Insulated Door(s)
Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
Has Fireplace
Fireplace Features: Gas, Gas Log, Living Room, See Through
Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access
Exterior Details
Square Footage: 4879
Security Features: Security System, Smoke Detector(s)
Architectural Style: Traditional
Year Built: 2004
Waterfront Features: Covered structure, Dock, Personal Watercraft Lift
Waterbody Name: Lake James
Levels: One
Other Structures: None
Window Features: Insulated Windows, Window Treatments
Construction Materials: Fiber Cement
Patio and Porch Features: Covered, Deck, Front Porch, Rear Porch
Lot Features: Rolling Slope, Wooded, Views, Waterfront
Lot Size Area: 0.893
Lot Size Units: Acres
Lot Size Acres: 0.893
Lot Size Square Feet: 38899.08
Water Source: Well
Financial Details
Tax Assessed Value: $898,880
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric, Heat Pump
Heating Type: Central, Electric, Forced Air, Heat Pump, Propane
Sewer : Septic Installed
Location Details
HOA/Condo/Coop Amenities: Storage, Picnic Area, Trail(s)
HOA Fee: $995
HOA Fee Frequency: Annually

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 17
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 38,899
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,968
  • Building Area: 4,968
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 4,968
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE ARBOR SD
  • Land Acres: 0000000893
  • Standard Land Use Code: 1008
  • County Land Use Code: 50
  • Legal Description 1: LOT 35 THE ARBOR S/D.893 AC

Neighborhood

  • School District Name: McDowell County Schools
  • Census Tract: 970200

Geography

  • Account Number: 47906
  • District: 08
  • Parcel: 1723-00-34-4621
  • Lot: 35
  • Municipality: NEBO
  • Latitude: 35.733
  • Longitude: -81.9539

    Address

  • Full Address: 705 Waters Edge Dr
  • Address - House Number: 705
  • Address - Street Name: Waters Edge
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Nebo
  • Carrier Code: R004
  • 4-Digit Zip Code: 0121
  • Zip Code: 28761

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $600,452

    Appraisal Valuation

  • Standard Deviation: 0.4829
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 3
  • Final Value: 728,506
  • High Value: 1,080,355
  • Low Value: 376,656

    Market Valuation

  • Market Total Value: $898,880
  • Market Land Value: $180,000
  • Market Improvement Value: $718,880

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $898,880
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $718,880
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About McDowell


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Frequently Asked Questions

When was property at 705 Waters Edge Drive built and last sold?
The property at 705 Waters Edge Drive was built in 2003 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 705 Waters Edge Drive is $2,379,635.
What are some comparable homes to 705 Waters Edge Drive?
There are currently no comparable homes to 705 Waters Edge Drive.