The Peninsula At Lake James Real Estate

Welcome to The Peninsula at Lake James, a hidden gem nestled in the heart of McDowell County, North Carolina. This picturesque subdivision offers a unique blend of natural beauty and modern living, making it an ideal destination for those seeking tranquility and adventure in Nebo.

The Peninsula is situated on the serene shores of Lake James, renowned for its crystal-clear waters and stunning mountain views. This community is perfect for outdoor enthusiasts, providing easy access to a variety of recreational activities such as boating, fishing, hiking, and swimming. Imagine waking up to the gentle sounds of nature and enjoying breathtaking sunsets over the lake from your own backyard!

The subdivision features a selection of beautifully designed homes, each thoughtfully crafted to harmonize with the surrounding landscape. With a range of architectural styles and sizes, there is something to suit every taste and lifestyle. Residents appreciate the spacious lots, ensuring privacy while fostering a sense of community.

In addition to its natural allure, The Peninsula at Lake James is conveniently located near local amenities, including charming shops, restaurants, and cultural attractions. The vibrant town of Nebo is just a stone’s throw away, offering a warm, welcoming atmosphere and a taste of Southern hospitality.

Whether you’re looking for a year-round residence, a vacation retreat, or an investment opportunity, The Peninsula at Lake James promises a lifestyle of relaxation, adventure, and connection with nature. Discover the perfect blend of luxury and leisure in this idyllic North Carolina community!

Newest Listings in The Peninsula At Lake James

$167,000

4412299 MLS

Rarely available — own both Lots 6 and 27 together for a combined 5.72 acres of privacy and possibility in the gated community of The Peninsula at Lake James. This expansive, wooded, and gently sloped acreage offers sweeping mountain views — including beautiful long-range views of Linville Gorge — and room to design the ultimate private estate or family compound, with paved private-road access and a 1,600 SF minimum to build. Life at The Peninsula includes an outstanding array of amenities: a community pool, a pavilion for entertaining and events, a community dock with paddlesport launch for enjoying Lake James, boat storage, and dedicated picnic and recreation areas including community dock for day use and docking — all set behind a secure, gated entrance. Community well water is available, with septic needed for construction. With nearly 6 combined acres, this is a unique chance to secure significant acreage in a premier gated lake community, offering both privacy and resort-style living just steps from Lake James. Short-term rentals are allowed, opening the door to strong investment potential in addition to a private family retreat, and the neighborhood also permits ADUs and guest houses for added flexibility.

TBD Peninsula Reserve Drive Unit #6 & 27, Nebo

$119,000

4412761 MLS

Discover the opportunity to build your dream home on Lot 86 Crestview Drive South, nestled within the prestigious, gated community of The Peninsula at Lake James, with two convenient entrances for easy access. This property benefits from access to a community well and an already-installed three-bedroom septic system, offering a head start for future construction. Tucked within a peaceful cove, this non-dockable waterfront lot offers a tranquil setting ideally suited for launching kayaks, canoes, and paddleboards right from your own backyard, providing a quiet, low-traffic alternative to open-water frontage while still delivering direct water access and serene views. The building site is set back down a gentle 250-foot driveway that winds through the woods, positioning your future home as close to the water as possible while maintaining privacy and seclusion. The Peninsula is known for its scenic lake views, striking entrance gate, and impressive landscaping. From the community pool, stone steps lead down to the lake, providing access to the community dock and swim platform, while a secure boat and trailer storage area offers added convenience for water enthusiasts. Short-term rentals are permitted within the community, offering added flexibility and investment potential. Ideally located just minutes from I-40 between Asheville and Charlotte, this homesite delivers the perfect balance of privacy, natural beauty, and convenient access to everything Lake James has to offer.

LOT #86 Crest View Drive, Nebo

$102,000

4397471 MLS

Nestled near the beautiful waters of Lake James, this exceptional 1.11-acre homesite offers the perfect setting to build your dream home, mountain retreat, or vacation rental. Located only 20 minutes from charming Marion and approximately one hour from Asheville, you'll enjoy the ideal balance of privacy, recreation, and convenience. Situated in a gated community, residents have access to outstanding amenities, including a community swimming pool and a pavilion that serves as the perfect gathering place for family, friends, and neighbors. The gently sloping, buildable 1.11-acre lot offers plenty of room to create the home you've always envisioned while enjoying the natural beauty of the North Carolina mountains. Whether you're looking for a full-time residence, a second home, or an investment property with vacation rental potential, this property offers endless possibilities in one of Western North Carolina's most desirable locations.

76 Clear Water Way Unit #96, Nebo

$2,695,000

3 Beds ⋅ 3 Baths ⋅ 4395600 MLS

MOTIVATED SELLER! PRICE REDUCED! DON'T MISS THIS OPPORTUNITY FOR A FLAT WATERFRONT ACCESS PROPERTY! Experience ultimate luxury in this custom-built ranch home located within the gated community of The Peninsula at Lake James. From the moment you enter through the double French doors, you are greeted by breathtaking, expansive lake views that frame the home from nearly every window. Situated on a rare, nearly one-acre level waterfront lot, this property offers unparalleled access and comfort. The thoughtful split-bedroom floor plan ensures privacy, featuring two expansive primary suites on opposite sides of the home, each boasting luxurious ensuite bathrooms complete with soaker tubs and one has a steam shower. A third bedroom offers generous space with adjacent full bathroom access. The heart of the home is the welcoming great room, anchored by a gourmet kitchen featuring a massive island and an airy dining area perfect for entertaining. Beyond the main living areas, the home offers several versatile bonus spaces ideal for a home office, gym, or potential additional bedrooms. Outdoor living is equally impressive with a fully fenced backyard featuring durable aluminum fencing and convenient double-gate access on all sides. A covered deck and patio space allows for grilling and social time. Enjoy easy access to the community pool or relax in your private, conveying jacuzzi/hot tub. For the car or boating enthusiast, the massive 1,000+ sq. ft. tandem garage provides ample space for four vehicles or safe winter boat storage. Additional peace of mind is provided by the included backup whole house generator. This remarkable waterfront home truly offers it all. Key Property Features: * Waterfront Living: Rare, level, nearly one-acre lot with expansive views from every room. * Primary Suites: Two private primary bedrooms with luxury ensuite bathrooms (soaker tubs and steam shower). * Gourmet Kitchen: Large island with open-concept dining and living areas. * Versatile Spaces: Multiple bonus rooms for home office, exercise studio, or extra bedrooms. * Garage & Storage: 1,000+ sq. ft. tandem garage with capacity for four cars or boat storage. * Outdoor Amenities: Fully fenced yard, private hot tub, and community pool access. * Added Value: Whole-home generator conveys with the property. * Prime Location: Situated in the well known, gated community of the Peninsula at Lake James.

95 Linville View Drive, Nebo

$59,900

4380898 MLS

Located in The Peninsula at Lake James, this 1.99 acre wooded lot offers several fairly level buildable areas with rolling terrain that becomes steeper toward the back of the property. Mature trees provide privacy and a peaceful natural setting, while the rear of the lot meets a canal/inlet area adding to the unique character of the property. Not waterfront, but a great opportunity to build in one of Lake James’ desirable communities close to boating, hiking, and outdoor recreation.

V/L Clear Water Way Unit #95, Nebo

$64,000

4374856 MLS

Tucked inside the gated waterfront community of The Peninsula at Lake James, this 1.56-acre interior lot offers a gently sloping canvas ready for your dream home. Whether you're envisioning a full-time residence or a mountain retreat, short-term rentals are permitted — making this an equally compelling investment opportunity. The lot rolls softly with potential winter views of Shortoff and Hawksbill Mountains, and a community well is already in place. Residents enjoy an impressive amenity package: a waterfront pool with picnic area and bathrooms, a floating community day dock, and convenient boat storage — all within walking distance of the lake. Adventure is right outside your door. Black Bear Marina, Fonta Flora Brewery, and the Fonta Flora Trail for hiking and mountain biking are just minutes away. When you need a bit more, Marion is 18 minutes out, Morganton 20, Linville Falls 40, Asheville an hour, and Charlotte Douglas International just 90 minutes. This is your chance to plant roots in the heart of the Blue Ridge Mountains.

431 Ridge Point Road Unit #7, Nebo

$398,000

4363312 MLS

Lakefront lot located in the gated community of The Peninsula at Lake James, offering the perfect setting to build your dream home. Enjoy beautiful water and mountain views from this homesite. Community amenities include a day dock, swimming pool, and convenient boat storage. The community offers a shared well, adding to the ease of building. Ideally located just a short drive to both Morganton and Marion, you’ll enjoy the perfect balance of privacy and accessibility.

291 S Crest View Street, Nebo

$70,000

4363474 MLS

Interior lot located in the gated community of The Peninsula at Lake James, offering a great opportunity to build your dream home or getaway. Enjoy beautiful mountain surroundings and access to Lake James through community amenities including a day dock, swimming pool, and convenient boat storage. The community offers a shared well, adding to the ease of building. Ideally located just a short drive to both Morganton and Marion, providing the perfect balance of privacy and accessibility.

184 Ridge Point Road, Nebo

$550,000

4355858 MLS

Build your dream lake house on this gently sloped waterfront lot in The Peninsula at Lake James. Enjoy a flat path to the water and open water views once this wooded lot is cleared. This gated community has a great amenity area with pool and bathhouse, walking path to community day dock and a dedicated, gated boat & trailer parking area. Community well; septic needed. It was previously perced for 2 homes (5BR and 2 BR) in 2018. Private dock allowed with Duke Power approval. Easy access to Pisgah National Forest, Lake James State Park and the Fonta Flora State Trail. Just 15 minutes to Marion for shops, restaurants and entertainment.

25 Linville View Drive Unit #8, Nebo

$135,000

4327307 MLS

Views of Shortoff Mountain can be yours from this spacious and builder friendly lot. It is very level with the home site sitting slightly above the road. This is an intersection lot which can allow a pull thru driveway allowing for privacy for your home while having the easiest of access from construction to living. Beautiful 1.63-acre lot is located in The Peninsula at Lake James. This lot is located just up the street from the community pool and main entrance. Easy walk on pool days! Or just sit on your porch and enjoy Shortoff Mountain views! Shortoff Mountain is part of the Pisgah National Forest, which spans approximately half a million acres. The lot features paved road frontage, access to a community well, and underground utilities to preserve the area’s natural beauty. BUILDER FRIENDLY LOT! With a gentle building site, you'll enjoy reduced construction costs compared to steeper terrains. Survey on file. Expired septic permit on file. This gated community allows short term rentals and offers a community dock, pool and pool house. The Peninsula of Lake James offers the best of mountain living. It consists of 200 lots on over 220 acres. It is established. Reasonable restrictions in place to protect the integrity of this Lake James community. Schedule your visit today.

365 Peninsula Reserve Road Unit #25, Nebo

$66,800

4326985 MLS

Come be a part of this wonderful gated lake community located by the beautiful waters of Lake James and minutes away from the grandeur of Linville Gorge views, hiking, wineries, and adventure. This lot is large, and private with over 500 feet of road frontage and would be perfect for having a home with that "living with nature" feeling. The community amenities includes a community well system, pool, pavillion, boat storage, and a community dock for day use and to spend some time floating in the water. Private wells are also allowed with county permitting. The lot already has a 4 bedroom septic permit, and with community water available, it'll make your steps to building your home that much simpler.

597 Peninsula Reserve Road Unit #34, Nebo

$775,000

4317251 MLS

Nestled on 3 acres, this waterfront lot boasts long range views of the pristine lake waters of Lake James and the Blue Ridge mountains. Just 20 minutes from the charming town of Marion with breweries, shops & restaurants. Only an hour's drive to Asheville. Enjoy the communities outdoor pool on warm afternoons, gather with friends at the inviting pavilion, or unwind under the stars around the cozy fire pit. Launch your adventures from the convenient daydock while awaiting approval from Duke Energy for your very own private dock. Whether you envision this as your forever primary residence, a serene vacation retreat, or a future vacation rental, the possibilities are endless on this gem.The sellers carefully envisioned a custom home tucked into the landscape, accessed by a graceful, winding driveway leading to an attached garage. Their concept showcased walls of windows and an expansive deck overlooking the sparkling lake and layered mountain views, all while preserving remarkable privacy with wooded buffers on either side of the property.

West Point Drive, Nebo

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Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .