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705 Lake Club Dr, Nebo, NC, 28761

3beds
4baths
4,039sqft
$2,400,000
$594price/sqft
$14,554/moest. monthly cost
$582,160/yrincome needed

About This Home

Experience luxury waterfront living with breathtaking views of **Lake James and Shortoff Mountain** from this exceptional home in the prestigious **Marion Lake Club Golf Community**. Thoughtfully designed with elegance and comfort in mind, this residence offers panoramic lake views from nearly every room. The expansive upper-level balcony is the perfect place to entertain or unwind while enjoying the spectacular scenery. The spacious gathering room flows seamlessly into the well-appointed kitchen, creating an inviting space for family and guests. The private study features a coffered ceiling and custom built-ins, providing a refined home office or library. The walk-out lower level offers a spacious family room and two generously sized guest suites, each with its own en-suite bath, making it ideal for hosting family and friends. Additional features include solar panels, exterior electric shades, and a climate-controlled three-car garage. A gentle walk leads to your private lakeside gazebo and **double-decker dock with a boat lift**, providing effortless access to the crystal-clear waters of Lake James for boating, swimming, fishing, paddleboarding, and endless waterfront enjoyment. This is a rare opportunity to own one of Lake James' premier waterfront properties, where luxury, privacy, and unforgettable mountain and lake views come together in one extraordinary setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
Nebo Elementary SchoolGrades PK-52.0 mi
10/10
McDowell Early CollegeGrades 9-126.4 mi

Construction

Condition

  • Year built: 1994

Materials

  • Foundation: Crawl Space,Slab
  • Construction materials: Synthetic Stucco

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Cooktop,Exhaust Hood,Gas Range,Microwave,Refrigerator with Ice Maker,Wall Oven,Washer/Dryer
  • Laundry features: Mud Room,Main Level

Basement

  • Has basement: Yes
  • Basement: Daylight

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Features

  • Flooring: Carpet,Wood
  • Fireplace features: Gas
  • Finished area below ground: 1,721
  • Finished area above ground: 2,318

Heating & Cooling

  • Heating features: Central,Propane
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,318
  • Total interior livable area: 4,039 sqft

Primary Bedroom

  • Features: Walk-In Closet(s)
  • Level: Main

Property

Details

  • Parcel number: 173300668125
  • Zoning: RES
  • Special condition: Standard
  • Exclusions: Antiques & memorabilia affixed to walls

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Balcony,Deck,Front Porch,Terrace
  • Exterior features: In-Ground Irrigation
  • Has spa: Yes
  • Spa features: Heated
  • Has view: Yes
  • View description: Long Range,Mountain(s),Water,Year Round
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Boat Lift,Dock,Waterfront
  • Waterbody name: Lake James

Lot

  • Lot size: 0.82 Acres
  • Features: Views

Parking

  • Total spaces: 3
  • Parking features: Driveway,Attached Garage,Garage Door Opener,Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Ice Storm
Lightning
Strong Wind
Cold Wave
Hail
Inland Flooding
Landslide
Tornado

FEMA Declared Disasters in McDowell County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,135$145,620
Home Insurance *$703$8,436
Property Taxes $1,340$16,080
Electricity $376$4,514
Total$14,554$174,648
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$498,994/yr
40% on housing$436,620/yr
45% on housing$388,106/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.5%
1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$594This listing

vs Other Active Listings

Avg $/sqft

ZIP 28761$444
McDowell County$255

vs Homes Sold Last Month

Median $/sqft

ZIP 28761$274
McDowell County$232

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Listed for sale$2,400,000
2025-09-24Listing removed$2,200,000
2024-12-11Listed for sale$2,200,000
2023-06-28Sold$1,525,000
2023-03-11Listed for sale$1,600,000

For Sale by Agent

AgentJannell Peterson
BrokerageJ. Peterson Realty & Associate

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