Single Family Residence at Morganton
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$2,400,000

Morganton, NC 28655
Listed by Rachel Alosky Stark · Patton Allen Real Estate LLC
Bedrooms
5
Bathrooms
5.5
Living area
6,579 sqft
Year built
1994

About this home

Waterfront estate situated on its own private peninsula along the pristine shores of Lake James. Sweeping, unobstructed views of the lake and surrounding mountains greet you from the wrap-around porch where Golden Hour sunsets are nothing short of extraordinary. The property is designed for easy indoor-outdoor living and entertaining with thoughtfully designed water features including 3 waterfalls and a goldfish pond, a large green space ready for croquet or even a regulation size pickleball or badminton court, a brand-new dock, a fire-pit set on the point, and 450 feet of private shoreline. A timeless Victorian home spans three levels rich in character. Inside, a dramatic foyer with soaring ceilings and a curved staircase makes a striking first impression, while the two-story circular library stands as a true architectural centerpiece. The main level is thoughtfully laid out for both everyday living and hosting, with generous living and dining spaces, a cozy den, and a kitchen complete with a wood-burning fireplace and easy access to the outdoor areas. The primary suite features a private balcony and spa-inspired bath, while additional bedrooms, flexible living areas, and a finished lower level plumbed for a kitchen provide ample space for guests, friends, and family. A truly one-of-a-kind Lake James property that must be experienced to be fully appreciated. Owner is financing available at 3.25% — a rare opportunity for a property this distinctive.

Highlights

Fireplace

Property details

MLS #
CAR4368973
Property type
Single Family Residence
Subdivision
East Shores
Status
Active
Days on market
28
On market date
April 16, 2026
Stories
N/A
Total bathrooms
5.5
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Glen Alpine Elementary
3.48 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
329
Student:teacher ratio
14.3:1
District
Burke County Schools
Middle
Table Rock Middle
3.41 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
560
Student:teacher ratio
16.5:1
District
Burke County Schools
High
Burke Middle College
8.23 mi away · Grades 11-12
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
128
Student:teacher ratio
42.7:1
District
Burke County Schools

Walkability

Blended score for Morganton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

15
Very car-dependent
out of 100
EPA National Walkability Index
3.7 / 20 -- Least walkable
Google Places amenity density
10 / 100
Restaurants & cafes0
Grocery stores0
Parks2
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Morganton, from live MLS data.

On the market 28 days -- 291 fewer days than Morganton's current average of 319 days.
For reference, the median list price across 372 active listings in Morganton right now is $220,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$14,603/mo
$480,000 down
$1,920,000 loan
Principal & interest$12,453
Property tax (est.)$2,000
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 14, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.