Single Family Residence at 705 Waters Edge Drive, Nebo
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$2,399,000

705 Waters Edge Drive
Nebo, NC 28761
Listed by Polly Leadbetter · Engel & Volkers Foothills Lake James
Bedrooms
4
Bathrooms
4
Living area
4,879 sqft
Year built
2004

About this 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.

Highlights

Fireplace

Property details

MLS
Canopy MLS
MLS #
CAR4416637
Property type
Single Family Residence
Subdivision
The Arbor at Lake James
Status
Active
Days on market
1
On market date
August 25, 2026
Stories
N/A
Total bathrooms
4
Garage spaces
2
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
Nebo Elementary School
1.85 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
352
Student:teacher ratio
14.1:1
District
McDowell County Schools
Middle
East McDowell Middle School
3.95 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
531
Student:teacher ratio
13.0:1
District
McDowell County Schools
High
McDowell Early College
5.31 mi away · Grades 9-13
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
254
Student:teacher ratio
23.1:1
District
McDowell County Schools

Walkability

Blended score for Nebo'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). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

28
Car-dependent
out of 100
EPA National Walkability Index
5.7 / 20 -- Least walkable

Market position

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

On the market 1 days -- 276 fewer days than Nebo's current average of 277 days.
For reference, the median list price across 241 active listings in Nebo right now is $99,900.

Mortgage calculator

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

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Est. monthly payment
$14,597/mo
$479,800 down
$1,919,200 loan
Principal & interest$12,448
Property tax (est.)$1,999
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated August 26, 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.