705 Waters Edge Drive, Nebo, NC

The architectural profile of this 2004 residence on Lake James prioritizes a deliberate connection to the Blue Ridge landscape, utilizing an open interior volume to frame expansive waterfront views. Spanning 4,879 square feet, the four-bedroom, four-bathroom layout is structured for multi-generational utility, featuring dual primary suites on the main level alongside ash hardwood flooring and a central two-sided hearth. The finished lower level functions as a secondary living envelope, complete with a full kitchen and flexible space suited for a private study or additional guest quarters. While much of the regional inventory consists of rustic seasonal retreats, this property represents the sophisticated tier of the Nebo market, where year-round infrastructure and substantial square footage command a premium. The integration of outdoor living via the covered deck and proximity to deep water positions the estate as a significant acquisition within the Lake James enclave. Private viewings may be coordinated through Peters & Associates.

About the home

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.

Price in context

• Asking $492 per square foot.
• That is 18% below the $597 median across 28 active $1.5M+ homes in Nebo.
• 9th highest asking price of 28 active $1.5M+ homes in Nebo.
• 2nd largest by living area of the 26 with a recorded size.
• No price changes since it was listed.
• 1 days on the market, listed 2026-08-25.
• County tax assessment $898,880; the asking price is 2.67× the assessed value.
• HOA dues $995 (annually).

Location

Neighborhood: The Arbor At Lake James, McDowell County, ZIP 28761.

Assigned schools

• Middle: East Mcdowell
• High: Mcdowell

School assignments come from the listing and can change; confirm with the district.

Features

Style

Traditional

Levels

One

Construction

Fiber Cement

Roof

Architectural Shingle

Bathrooms

4 full

Basement

Daylight, Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access

Fireplace

Yes

Interior

Breakfast Bar, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s)

Flooring

Carpet, Marble, Slate, Tile, Wood

Kitchen & appliances

Dishwasher, Dryer, Electric Range, Gas Range, Gas Water Heater, Microwave, Propane Water Heater, Refrigerator, Washer, Washer/Dryer

Heating

Central, Electric, Forced Air, Heat Pump, Propane

Cooling

Ceiling Fan(s), Central Air, Electric, Heat Pump

Garage

2 spaces

Parking

Driveway, Attached Garage, Garage Door Opener, Garage Faces Front

Exterior

Fire Pit, Dock - Floating

Waterfront

Covered structure, Dock, Personal Watercraft Lift

View

Long Range, Mountain(s), Water, Year Round

Lot

Rolling Slope, Wooded, Views, Waterfront

Community

Boat Storage, Gated, Lake Access, Picnic Area, Walking Trails

County

McDowell

Comparable homes on the market

• 23 Anchor Drive, Nebo — $1,399,000, 4 bd, 3,262 sq ft, also in The Arbor At Lake James
• 691 Harborside Drive, Nebo — $1,799,000, 3 bd, 2,364 sq ft, also in The Arbor At Lake James
• 84 Peninsula Drive #3, Marion — $2,249,000, 0.9 mi away
• 143 Nature Walk Drive, Marion — $2,390,000, 4 bd, 3,713 sq ft, 1.1 mi away
• 163 Cabin Bluff Drive #4, Marion — $3,000,000, 4 bd, 3,384 sq ft, 1.2 mi away
• 1559 Old Hwy 10 Road E, Marion — $1,290,000, 1.4 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.