ATTENTION SWEAT EQUITY BUYERS & INVESTORS!! 3BD/2BA OPPORTUNITY ON 5.23 ACRES NEAR LAKE JAMES!! >> Take advantage of this great opportunity to build equity. With some updating, this 1981 split-foyer build could yield a great ROI. Potential to subdivide and build multiple new homes, or keep as one private estate with 5.23 useable acres. Small creek on property. SPECS: 1,321 sq ft of heated living area on the main level w/additional 1,267 sq ft ready to be finished in the basement, 7'3" clearance in basement allows for future marketable living area, strong floor trusses 16" on center for a solid structure with all plumbing/HVAC/electrical above, wood-burning fireplace & wood-burning stove, Large open living/dining area, ensuite bath in master bedroom, 200-amp electrical panel with updated wiring, PVC plumbing waste lines & copper supply lines, and slate flooring in foyer. Outdoors the land is gently sloped with a small creek that runs across the property. There is also an old in-ground pool above the home that is overgrown. Assess for potential rehab or just fill in. This fixer-upper has great potential and is located off HWY 126 just 1 mile from Marion Lake Club, 2 miles from Lake James State Park, 3.7 miles from Lake James Canal Bridge Access, and 3.7 miles from I-40.
Property Type(s):
Single Family
|
Tract
|
None
|
Year Built
|
1981
|
|
Community
|
None
|
Garage Spaces
|
1.0
|
|
County
|
McDowell
|
SCHOOLS
| Elementary School |
Unspecified |
| Jr. High School |
Unspecified |
| High School |
Unspecified |
Additional Details
| AIR |
Heat Pump |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Electric Range |
| BASEMENT |
Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Yes |
| FIREPLACE |
Yes |
| GARAGE |
Attached Garage, Yes |
| HEAT |
Electric, Heat Pump, Wood Stove |
| INTERIOR |
Storage |
| LOT |
5.23 acre(s) |
| LOT DESCRIPTION |
Level, Private, Sloped, Wooded |
| LOT DIMENSIONS |
Irregular |
| MLS STATUS |
Active |
| PARKING |
Basement, Driveway |
| POOL |
Yes |
| POOL DESCRIPTION |
In Ground |
| SEWER |
Septic Tank |
| STORIES |
1 |
| SUBDIVISION |
None |
| WATER |
Well |
Location
Listed with Rus/D Real Estate
Date last updated: 6/13/26 7:04 PM PDT
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This IDX solution is (c) Diverse Solutions 2026.
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