Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    25 Linville View Drive 8 Nebo, NC 28761

    View on Map
    For Sale
    $595,000

    Land, Other - Nebo, NC

    Added:
    Mar 13, 2026
    Days on Market:
    19
    Last Refresh:
    Mar 31 at 10:06 pm

    Property Features for 25 Linville View Drive 8

    General Information

    Property type
    Land
    Property subtype
    Other
    EntryLevel
    8
    Exterior features
    Boat Slip, Dock
    Dock
    1
    Standard status
    Active
    APN
    1724-00-93-7401

    Utilities

    Water front features
    Beach Front
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Polly Leadbetter
    Polly Leadbetter

    Listing agent Polly Leadbetter

    Listing office Engel & Völkers Foothills Longtown PO Box 1255, Asheville, NC

    Listing date Mar 13, 2026

    MLS# 4355858 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot in Gated Community

    This gently sloped waterfront lot is located in The Peninsula at Lake James, a gated community. The property offers a flat path to the water and open water views once the wooded lot is cleared. The community features an amenity area with a pool and bathhouse, a walking path to a community day dock, and a dedicated, gated boat and trailer parking area. A community well is in place, and septic is needed. The lot was previously perced for two homes, one with five bedrooms and another with two bedrooms, in 2018. Private docks are allowed with Duke Power approval. The property provides easy access to Pisgah National Forest, Lake James State Park, and the Fonta Flora State Trail. It is located 15 minutes from Marion, which offers shops, restaurants, and entertainment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Grocery & Convenience Store Veterinary Clinic Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nebo
    County
    McDowell
    State
    North Carolina
    Longitude
    -81.8957
    Latitude
    35.6282

    Nearby Similar for Sale

    • $199,000

      Nebo, NC Land with Slip

      Residential land with deeded boat slip near Lake James.
      436 Sunset Point Parkway unit: 39, Nebo, NC 28761
      View Details
    • $59,000

      Nebo, NC Build-Ready Lot

      Buildable lot near Lake James and I-40, approved for 3-bedroom.
      1002 Pinnacle Church Road, Nebo, NC 28761
      View Details
    • $825,000

      Waterfront Lot with Mountain Views

      3-acre waterfront lot with lake and mountain views.
      West Point Drive, Nebo, NC 28761
      View Details
    • $199,900

      Mountain View Land in Nebo

      Land with winter mountain views and lake access.
      2086 October Drive 147, Nebo, NC 28761
      View Details
    • $75,500

      Nebo Land with Mountain Views

      Two-acre homesite in gated community with mountain views.
      61 Scenic Vista Drive 238, Nebo, NC 28761
      View Details
    • $49,900

      Mountain Homesite with Views

      1.3 acre homesite in gated community with mountain views.
      338 Grandview Peaks Drive 36, Nebo, NC 28761
      View Details
    • $24,900

      Nebo, NC Homesite Opportunity

      0.78 ac homesite in Grandview Peaks community, Nebo, NC.
      V/L 244 Scenic Vista Drive, Nebo, NC 28761
      View Details
    • $119,900

      Nebo, NC Land Opportunity

      2.86-acre lot in gated community with mountain views.
      254 Peninsula Reserve Road, Nebo, NC 28761
      View Details
    • $325,000

      Waterfront Land in Gated Community

      Waterfront parcel in The Peninsula at Lake James.
      32 Clear View Way unit: 133 Ph 2, Nebo, NC 28761
      View Details
    • $199,000

      Nebo, NC Land with Slip

      Residential land with deeded boat slip near Lake James.
      436 Sunset Point Parkway unit: 39, Nebo, NC 28761
      View Details
    • $45,000

      Nebo Land in Gated Community

      1.83 acre homesite in Grandview Peaks with view potential.
      311 Scenic Vista Drive 254, Nebo, NC 28761
      View Details
    • $34,500

      Wooded Lot in Gated Community

      Gently sloping wooded lot in a quiet, gated community.
      377 Harborside Drive 245, Nebo, NC 28761
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Gently sloped waterfront lot in The Peninsula at Lake James.
    Where is this waterfront land located?
    The property is located at 25 Linville View Drive 8 Nebo, NC.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Waterfront lot in The Peninsula at Lake James, a gated community, with open water views.; Amenity area includes a pool, bathhouse, walking path to community day dock, and gated boat & trailer parking.; Gently sloped lot with flat path to water; private dock allowed with Duke Power approval.
    (828) 584-9999
    We can help!
    Listing Contact
    Polly Leadbetter
    Polly Leadbetter
    Real Estate License ID: 210179
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!