Subject Property Overview
181 Lakeshore Dr, Asheville, NC 28804
- Last Sale Price ~$2,100,000
- Beds / Baths 5 / 3.5
- Interior SqFt 4,840 sqft
- Lot Size 1.05 acres
- Year Built 1981
- Neighborhood Lakeview Estates
- Key Features 289ft of shoreline, direct trail access
Comparable Property Analysis
Recently Sold Comparables
1101 Burnside Dr, 28803
$1,730,000
5 Bed / 4.5 Bath / 5,045 sqft / $343/sqft
Strong comparable in size and quality.
10 Stuyvesant Rd, 28803
$1,342,000
3 Bed / 3 Bath / 3,306 sqft / $406/sqft
Smaller but in a desirable area.
150 Lakeshore Dr, 28804
$620,000
3 Bed / 3 Bath / 1,340 sqft / $463/sqft
Outlier: Significantly smaller property.
Active Listings
154 Lakeshore Dr, 28804
$1,595,000
5 Bed / 5 Bath / 5,656 sqft / $282/sqft
Very similar size, in the same neighborhood.
45 Erin Glen Ct, 28730
$1,295,000
4 Bed / 5 Bath / 4,129 sqft / $314/sqft
Newer build (2021) in a gated community.
122 Shelburne Rd #124, 28806
$1,169,000
4 Bed / 3 Bath / 2,557 sqft / $457/sqft
Smaller property, farther from subject.
Pending/Contingent Listings
15 Gratitude Dr, 28806
$459,000
3 Bed / 3 Bath / 1,365 sqft / $336/sqft
Outlier: Not a strong comparable.
29 Evelake Dr, 28806
$425,000
3 Bed / 1 Bath / 1,639 sqft / $260/sqft
Outlier: Not a strong comparable.
Valuation Summary & Recommendation
The subject property at 181 Lakeshore Dr is a premium, lakefront home that recently sold at the top of the market for its area. Its size, large lot, and significant shoreline are key value drivers.
- The most similar sold properties suggest an average price per square foot of $375, yielding a value of approximately $1,815,000.
- The current active listings average $351 per square foot, which would place the subject's value around $1,698,000.
Conclusion
Comparable sales data indicates a baseline market value for a high-quality, non-lakefront home of this size in the range of:
$1,800,000 to $2,250,000
The actual sale price of ~$2.1M demonstrates the upper-end of the range paid for its unique and desirable lakefront features, establishing a new high benchmark for the immediate neighborhood