Waters Edge Homes for Sale
4 homesgated communityCommunity Highlights
- Direct access to the Fonta Flora State Trail from within the neighborhood
- Strong concentration of waterfront homesites on Lake James
- Gated setting with community beach and fire pit
- Short-term rental flexibility
* Based on what we noticed in listing details.
lakefront access · mountain biking · Hiking +1
community beach · fire pit · lake access
* Based on what we noticed in listing details.
Architecture & Style
- Open Floor Plans
- Covered Porches
- Walkout Basements
- Quartz Or Granite Kitchens
- Lake Views
- Garage Storage
* Based on what we noticed in listing details.
Location & Proximity
east side of Lake James in the Blue Ridge foothills
- Downtown Morganton
- River District
- Fonta Flora Park
- Lake James State Park
- Linville Boating Access
* Based on what we noticed in listing details.
Lots and Land in Waters Edge
Waters Edge brings together two of Lake James' strongest draws in one setting: true waterfront ownership and direct access to the Fonta Flora State Trail.
Waters Edge brings together two of Lake James' strongest draws in one setting: true waterfront ownership and direct access to the Fonta Flora State Trail. In this gated Morganton community, the neighborhood reads first as a place to build around the lake, the coves, and the mountain backdrop rather than a subdivision of lookalike homes.
Community Highlights
Waterfront is the defining thread here, with nearly nine in ten recorded properties flagged as waterfront. Closed sales include everything from gently sloping water-access parcels to point lots with roughly 266 feet of shoreline. Several properties highlight dock potential, while others emphasize easy launch access for kayaks and paddleboards even when private docks are not allowed. Lot sizes are notably generous for a lake community, averaging about 50,688 square feet, or 1.16 acres, with recorded parcels running from roughly 0.69 to 2.56 acres.
The built inventory is newer and limited, with recorded homes dating from 2018 to 2024. The houses that have sold here tend to be custom or semi-custom lake homes with Craftsman-leaning details, open main living spaces, covered porches, large windows, and a frequent mix of quartz or granite kitchens, engineered hardwoods, and basement or walkout lower levels. Home sales have ranged from about $390,000 to $1.1 million, while lot sales stretch from $22,000 to $650,000, underscoring how much value is tied to frontage, views, and dockability.
These insights are based on listing details and are informational only; verify details for any specific property.
Market Trends
Buyers have more negotiating power. Properties may take longer to sell. Prices have declined 75%. There's typically room for negotiation on price.
Year-over-Year Comparison
Last 12 monthsRecently Sold Properties
| Property | Sold Date▼ | Sale Price↕ | DOM↕ | LP/SP↕ | Size↕ | $/SF↕ |
|---|---|---|---|---|---|---|
![]() SOLD 2148 E Bluewater Drive | Nov 20 2025 | $155,000 | 240 | 89% | — | — |
![]() SOLD 2108 E Bluewater Drive 4 bed2 bath | Oct 30 2025 | $720,000 | 87 | 99% | 2700 sq ft | $267 |
4 month gap in market activity | ||||||
![]() SOLD 3039 Channel View Cove 3 bed3 bath | Jun 26 2025 | $600,000 | 75 | 95% | 2730 sq ft | $220 |
![]() SOLD 2313 W Blue Water Drive | Jun 18 2025 | $650,000 | 58 | 🎯100% | — | — |
2 month gap in market activity | ||||||
![]() SOLD 2041 Blue Water Drive 3 bed3 bath | Mar 24 2025 | $1.00M | 410 | 89% | 2892 sq ft | $346 |
5 month gap in market activity | ||||||
![]() SOLD 3109 E Moonlight Place 4 bed2 bath | Oct 7 2024 | $652,000 | 104 | 97% | 1892 sq ft | $345 |
1+ year gap in market activity | ||||||
![]() SOLD 3031 W Moonlight Place 36 | Nov 4 2022 | $262,000 | 63 | 🎯101% | — | — |
![]() SOLD 2041 W Bluewater Drive 3 bed3 bath | Oct 14 2022 | $1.10M | 29 | 🎯100% | 2892 sq ft | $380 |
![]() SOLD 3058 Channel View Cove 3 bed3 bath | Aug 16 2022 | $660,000 | 92 | 94% | 2110 sq ft | $313 |
![]() SOLD 2170 W Bluewater Drive | Jul 28 2022 | $69,000 | 108 | 88% | — | — |
![]() SOLD 3010 E Moonlight Place | Jul 1 2022 | $270,000 | 178 | 97% | — | — |
![]() SOLD 2041 W Bluewater Drive 3 bed3 bath | May 31 2022 | $1.02M | 39 | 98% | 2817 sq ft | $364 |
![]() SOLD 3107 Channel View Cove 8 | May 10 2022 | $105,000 | 172 | 89% | — | — |
4 month gap in market activity | ||||||
![]() SOLD 2166 E Bluewater Drive 24 | Dec 15 2021 | $219,000 | 76 | 95% | — | — |
2 month gap in market activity | ||||||
![]() SOLD 3058 Channel View Cove | Sep 28 2021 | $70,500 | 21 | 94% | — | — |
![]() SOLD 3070 E Moonlight Place 41 | Sep 1 2021 | $89,000 | 21 | 99% | — | — |
![]() SOLD 1092 Mast Hook Way 3 bed2 bath | Jul 16 2021 | $390,000 | 43 | 🎯101% | 1801 sq ft | $217 |
5 month gap in market activity | ||||||
![]() SOLD 3110 Channel View Cove | Jan 22 2021 | $62,200 | 44 | 99% | — | — |
2 month gap in market activity | ||||||
![]() SOLD 1092 Mast Hook Way | Nov 19 2020 | $22,000 | 499 | 79% | — | — |
![]() SOLD 3104 Channel View Cove 3 bed2 bath | Oct 15 2020 | $589,900 | 132 | 🎯100% | 2508 sq ft | $235 |
![]() SOLD 2041 W Bluewater Drive | Aug 28 2020 | $127,500 | 169 | 88% | — | — |
2 month gap in market activity | ||||||
![]() SOLD 3042 W Moonlight Place | Jun 8 2020 | $212,000 | 471 | 85% | — | — |
![]() SOLD 3058 W Moonlight Place 29 | Apr 30 2020 | $200,000 | 778 | 87% | — | — |
![]() SOLD 2063 W Bluewater Drive 3 bed3 bath | Apr 17 2020 | $725,000 | 102 | 99% | 2251 sq ft | $322 |
1+ year gap in market activity | ||||||
![]() SOLD 2108 E Bluewater Dr 22 | Feb 19 2019 | $56,500 | 563 | 87% | — | — |
![]() SOLD 2108 E Blue Water Dr 22 | Feb 19 2019 | $56,500 | 563 | 87% | — | — |

2148 E Bluewater Drive
$155,000

2108 E Bluewater Drive
$720,000

3039 Channel View Cove
$600,000

2313 W Blue Water Drive
$650,000

2041 Blue Water Drive
$1,000,000

3109 E Moonlight Place
$652,000

3031 W Moonlight Place 36
$262,000

2041 W Bluewater Drive
$1,100,000

3058 Channel View Cove
$660,000

2170 W Bluewater Drive
$69,000

3010 E Moonlight Place
$270,000

2041 W Bluewater Drive
$1,025,000

3107 Channel View Cove 8
$105,000

2166 E Bluewater Drive 24
$219,000

3058 Channel View Cove
$70,500

3070 E Moonlight Place 41
$89,000

1092 Mast Hook Way
$390,000

3110 Channel View Cove
$62,200

1092 Mast Hook Way
$22,000

3104 Channel View Cove
$589,900

2041 W Bluewater Drive
$127,500

3042 W Moonlight Place
$212,000

3058 W Moonlight Place 29
$200,000

2063 W Bluewater Drive
$725,000

2108 E Bluewater Dr 22
$56,500

2108 E Blue Water Dr 22
$56,500
Market Statistics
The Waters Edge real estate market shows buyer's market conditions. Homes typically sell within 104 days. With 4 active listings and 3 homes sold in the past year, Buyers have more negotiating power and time to decide.
Pricing
Median Price:$62,500
Average Price:$203,475
Property Details
Avg Bedrooms:3.2
Avg Bathrooms:2.5
Avg Lot Size:1.16 acres
Market Activity
Active Listings:4
Sold Last Year:3
Median Days to Sell:104 days
Community Info
Has HOA:No
Median Year Built:2021
New Construction:0%
Recently Off Market Properties
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