Subject Property Summary
181 Lakeshore Dr, Asheville, NC 28804
- Last Sale Price ~$2,100,000
- Beds / Baths 5 / 3.5
- Interior SqFt 4,840
- Price / SqFt $434
- Lot Size 1.05 acres
- Year Built 1981
- Property Type Single Family Residence
- Neighborhood Lakeview Estates
Key Features: Over 289 feet of shoreline, direct access to walking trail.
Comparable Property Analysis
Recently Sold Comparables
| Address | Sale Price | Beds/Baths | SqFt | $/SqFt | Notes |
|---|---|---|---|---|---|
| 181 Lakeshore Dr | ~$2,100,000 | 5 / 3.5 | 4,840 | $434 | Subject Property |
| 1101 Burnside Dr, 28803 | $1,730,000 | 5 / 4.5 | 5,045 | $343 | Strong comparable in size and quality. |
| 10 Stuyvesant Rd, 28803 | $1,342,000 | 3 / 3 | 3,306 | $406 | Smaller but in a desirable area. |
| 150 Lakeshore Dr, 28804 | $620,000 | 3 / 3 | 1,340 | $463 | Outlier: Significantly smaller property. |
Active Listings
| Address | List Price | Beds/Baths | SqFt | $/SqFt | Notes |
|---|---|---|---|---|---|
| 154 Lakeshore Dr, 28804 | $1,595,000 | 5 / 5 | 5,656 | $282 | Very similar size, in the same neighborhood. |
| 45 Erin Glen Ct, 28730 | $1,295,000 | 4 / 5 | 4,129 | $314 | Newer build (2021) in a gated community. |
| 122 Shelburne Rd #124, 28806 | $1,169,000 | 4 / 3 | 2,557 | $457 | Smaller property, farther from subject. |
Pending/Contingent Listings
| Address | List Price | Beds/Baths | SqFt | $/SqFt | Notes |
|---|---|---|---|---|---|
| 15 Gratitude Dr, 28806 | $459,000 | 3 / 3 | 1,365 | $336 | Outlier: Not a strong comparable. |
| 29 Evelake Dr, 28806 | $425,000 | 3 / 1 | 1,639 | $260 | 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 valuation based on comparable properties, excluding outliers, suggests a market value for a similar non-lakefront home in the range below.
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. Comparable sales data indicates a baseline market value for a high-quality, non-lakefront home of this size in the following range:
$1,800,000 to $2,250,000