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54 Cottage Grove Drive

Nebo, NC 28761

3 beds
5 baths
2,920 sqft
~1/2 acre lot
$578 per sqft
2006 build
– on site

Discover the ultimate Lake James lifestyle in the gated community of The Arbor. This stunning craftsman home showcases remarkable post-and-beam construction, with exposed beams & cathedral ceilings. Large windows frame breathtaking views of the lake, inviting the natural beauty indoors. The interior highlights natural wood finishes, custom-built-ins, & a grand wall of windows. The main floor features a well-appointed primary bedroom suite & a guest room. Upstairs, you'll find a loft, a wet bar, a bunk room, a bonus room, & two extra bathrooms. Gather in the living room or the inviting screened-in porch, both featuring beautiful fireplaces. This meticulously designed turn-key residence is ideal for entertaining & accommodating guests. Enjoy a usable backyard that includes a spacious private double-decker dock, perfect for your boating & water activities. Whether for personal enjoyment or as a short-term rental, this home makes the perfect retreat in the heart of Lake James.

Listing courtesy of CMLS / J. Peterson Realty & Associate

Last checked: Checking… • Last updated May 10, 2025 •

MLS# 4246913 —

The Building

Year Built:

2006
New Construction:

false
Construction Type:

Site Built
Subtype:

Single Family Residence
Construction Materials:

Stone Veneer, Wood
Architectural Style:

Post and Beam
Roof:

Metal
Foundation Details:

Crawl Space
Levels:

One and One Half
Basement:

false
Patio And Porch Features:

Deck, Rear Porch, Screened, Side Porch
Security Features:

Intercom, Security System, Smoke Detector(s)
SqFt Upper:

1283
SqFt Unheated Total:

152
SqFt Unheated Upper:

152
Above Grade Finished Area:

2920

Interior

Features:

Built-in Features, Kitchen Island, Open Floorplan, Pantry, Wet Bar
Flooring:

Carpet, Tile, Wood
Living Area:

2920
Fireplace:

true
Fireplace Features:

Family Room, Gas Log, Porch, Wood Burning

Location

Directions:

Follow GPS see signs gate code needed
Latitude:

35.726001
Longitude:

-81.967737

The Property

Type:

Residential
Lot Features:

Cul-De-Sac, Level, Views, Waterfront
Lot Size Area:

0.57
Lot Size Units:

Acres
Zoning Specification:

McDowell
Exterior Features:

Fire Pit, Dock, Hot Tub
View:

Mountain(s), Water, Year Round
Waterfront Features:

Dock, Personal Watercraft Lift, Pier
Fencing:

Back Yard, Partial, Wood
Other Equipment:

Fuel Tank(s), Generator Hookup
Road Responsibility:

Private Maintained Road
Road Surface Type:

Concrete, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

1713-00-92-2241
Tax Assessed Value:

1265930

Beds

Bedrooms Total:

3
Bedroom Main:

2
Bedroom Upper:

1

Baths

Baths:

5
Full Baths:

4
Half Baths:

1
Full Baths Main:

2
Half Baths Main:

1
Full Baths Upper:

2

The Listing

Virtual Tour
Virtual Tour
Special Listing Conditions:

None

Heating & Cooling

Heating:

Heat Pump
Cooling:

Heat Pump

Utilities

Utilities:

Electricity Connected, Propane, Underground Power Lines, Underground Utilities, Wired Internet Available
Sewer:

Septic Installed
Water Source:

Well

Appliances

Appliances:

Dishwasher, Electric Cooktop, Exhaust Hood, Microwave, Refrigerator with Ice Maker, Tankless Water Heater, Wall Oven, Washer/Dryer
Laundry Features:

Utility Room, Inside, Main Level

Schools

Elementary School:

Nebo
Middle School:

Unspecified
High School:

McDowell

The Community

Subdivision Name:

The Arbor at Lake James
Community Features:

Boat Storage, Gated, Lake Access, Picnic Area, RV Storage, Street Lights, Walking Trails
Association Fee:

$860
Association Fee Paid:

Annually
Restrictions:

Architectural Review,Building,Deed,Height,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision
HOA Subject To:

Required
Water Body Name:

Lake James
Senior Community:

false

Parking

Parking Features:

Driveway, Attached Garage, Garage Door Opener, Garage Faces Front, Keypad Entry
Garage:

true
Garage Spaces:

2
Main Level Garage:

Yes
SqFt Garage:

451
Carport:

false
Open Parking:

false

Monthly cost estimate

Asking price

$1,690,000

Expense	Monthly cost
Mortgage	$9,049
Taxes	N/A
Insurance	$464
HOA fees	$72
Utilities	$165 See report
Total	$9,750/mo.^*
	^*This is an estimate

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Sale history

Date	Event	Source	Price
5/2/25 May 2, 2025	Listed / Active	CMLS	$1,690,000
5/29/24 May 29, 2024	Price Changed	CMLS
5/8/24 May 8, 2024	Price Changed	CMLS

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Newest listings in 28761

This house located in NC 28761 is currently for sale for $1,690,000. 54 Cottage Grove Drive is a 2,920 square foot house with 3 beds and 5 baths that has been on Estately for 10 days. This house is in the attendance area of East Mcdowell Junior High School, Mcdowell High School, and Nebo Elementary School.

Based on information submitted to the MLS GRID as of 5/12/2025 3:41 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.