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10 Otter Cove Ct, Nebo, NC, 28761

3beds
6baths
5,326sqft
$2,825,000
$530price/sqft
$17,265/moest. monthly cost
$690,600/yrincome needed

About This Home

Without a doubt, one of Lake James’ finest and most impeccably crafted custom homes, showcasing an exceptional blend of luxury and design. Situated on a 1.15-acre waterfront lot, the property features a gentle grade with effortless access to approximately 430 feet of pristine shoreline, complete with a private covered dock, golf cart path, waterside gazebo, and firepit area. Upon entry, you’re welcomed by a stunning open-concept design beneath soaring 16-foot ceilings, anchored by a striking stone fireplace and expansive windows that perfectly frame the breathtaking water views. The main level offers a thoughtfully designed split-bedroom floor plan, featuring two primary-style suites, each appointed with high-end ensuite baths and spacious walk-in closets. Designed to impress, the gourmet kitchen showcases beautifully crafted solid wood cabinetry, commercial-grade Thermador appliances, an oversized island, quartz countertops, an open dining area, a handcrafted iron hood, and a hidden butler’s pantry. The main level also includes a conveniently located powder room and a well-appointed laundry room just off the expansive three-car garage. The lower level continues to capture sweeping water views and is designed for both relaxation and entertaining, offering a spacious family room with wet bar and refrigerator, a theatre and game room, an additional bedroom, a children’s play nook, two flexible office spaces, ideal as fourth and fifth bedrooms, three additional bathrooms, a safe room, and a sub-basement. Notable features throughout the home include real hardwood flooring, a tankless water heater, Hardie siding, 9-foot garage doors, 12 to 16 foot ceilings, a water filtration system, custom iron cabinetry hardware and deck railings, a termite bait system, Generac generator, 2x6 framing, spray foam insulation, Superior Walls construction, leaf filtration system, professional landscaping, and a 400-amp electrical service. The exterior is equally impressive, ideally positioned within a quiet cul-de-sac and thoughtfully oriented toward the water. Enhancements include dock and landscape lighting, a golf cart path to the shoreline, and two covered Trex decks along with a spacious patio, creating the perfect setting to enjoy and entertain while making lasting Lake James memories. Broker Open House | April 18th | 11:30 AM to 12:30 PM

Getting Around

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

Schools

4/10
2/10
McDowell High SchoolGrades 9-126.6 mi

Construction

Condition

  • Year built: 2022

Materials

  • Foundation: Other - See Remarks
  • Construction materials: Hardboard Siding,Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Double Oven,Electric Oven,Exhaust Hood,Filtration System,Gas Cooktop,Gas Water Heater,Propane Water Heater,Refrigerator with Ice Maker,Tankless Water Heater,Wall Oven,Washer/Dryer
  • Laundry features: Electric Dryer Hookup,Inside,Laundry Closet,Laundry Room,Lower Level,Main Level

Basement

  • Has basement: Yes
  • Basement: Basement Shop,Full,Interior Entry,Storage Space

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Basement

Bathroom Full

  • Level: Basement

Bathroom Full

  • Level: Basement

Bathroom Half

  • Level: Main

Bedroom S

  • Level: Main

Bedroom S

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
  • Main level bedrooms: 2

Dining Area

  • Level: Main

Family Room

  • Level: Basement

Features

  • Built-in Features,Kitchen Island,Open Floorplan,Pantry,Storage,Walk-In Closet(s),Walk-In Pantry,Wet Bar,Other - See Remarks
  • Door features: Sliding Doors
  • Window features: Window Treatments
  • Flooring: Carpet,Tile,Vinyl,Wood
  • Fireplace features: Living Room
  • Finished area below ground: 3,129
  • Finished area above ground: 2,197

Heating & Cooling

  • Heating features: Ductless,Heat Pump
  • Cooling features: Central Air,Ductless

Interior Area

  • Total structure area: 2,197
  • Total interior livable area: 5,326 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Office

  • Level: Basement

Office

  • Level: Basement

Primary Bedroom

  • Level: Main

Property

Accessibility

  • Accessibility features: Mobility Friendly Flooring

Details

  • Parcel number: 1724716327
  • Zoning: R
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Covered,Deck
  • Exterior features: Fire Pit,Other - See Remarks
  • Has view: Yes
  • View description: Water,Year Round
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Boat Lift,Covered structure,Dock,Other - See Remarks,Waterfront
  • Waterbody name: Lake James

Lot

  • Lot size: 1.15 Acres
  • Features: Cul-De-Sac,Rolling Slope,Views

Parking

  • Total spaces: 3
  • Parking features: Attached Garage,Garage Door Opener,Garage Faces Front,Other - See Remarks,Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

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

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

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Cold Wave
Hail
Landslide
Strong Wind
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 $14,284$171,408
Home Insurance *$828$9,936
Property Taxes $1,657$19,884
Electricity $496$5,952
Total$17,265$207,180
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$591,942/yr
40% on housing$517,950/yr
45% on housing$460,400/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

$530This listing

vs Other Active Listings

Avg $/sqft

ZIP 28761$447
McDowell County$256

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
2026-05-07Price change$2,825,000
2026-04-18Listed for sale$2,900,000
2020-10-23Sold$180,000
2020-01-16Sold$40,000

For Sale by Agent

AgentChristie Leonard
BrokerageWNC Real Estate at Lake James

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