$725,000
2445 S Lakeshore Dr, Lake Junaluska, NC 28745
Lake Junaluska Lakefront A‑Frame — Dramatic Views & Two-Level Living
3 Bed · 4 Bath · 3,333 Sq Ft
Iconic lakeside home with decks, vaulted great room, and renovation upside.
3
Beds
4
Baths
3,333
Sq Ft
1986
Built
0.36 acres
Lot
1-car garage on lower level (integral/basement style)
Garage
About 2445 S Lakeshore Dr
Perched on the shoreline of Lake Junaluska, 2445 S Lakeshore Drive is a distinctive A‑Frame contemporary that pairs sweeping water and mountain panoramas with generous, two‑level living. The lakeside great room is the centerpiece: a dramatic wall of windows and vaulted ceilings frame the lake while a substantial stone wood-burning fireplace anchors the space. A broad deck runs along the water side, expanding your living area outdoors and providing an ideal platform for sunrise coffee or evening gatherings.
The main level hosts two bedrooms, two baths, a kitchen and dining area, and the primary living space designed for entertaining and enjoying the view. Thoughtful wood finishes and the cathedral ceiling convey a classic mountain retreat feel while large windows put the lake on constant display. A loft off the main living area offers flexible additional space—perfect for a home office, sitting nook, or extra sleeping area when guests arrive.
The finished lower level has separate living quarters—two bedrooms, two baths, a kitchen and family room—plus an integral one‑car garage. The lower level currently requires repairs and cosmetic updating, presenting a clear opportunity to customize finishes, add rental-ready amenities, or create a comfortable in-law/guest suite. With lake views from both levels, the layout is extremely adaptable for multigenerational living, extended-family stays, or a vacation rental program (confirm local and community regulations).
Practical details include city water and sewer, a paved but steep driveway with turnaround space for ease of access, and abundant outdoor living options along the shoreline. This is a rare chance to own direct waterfront acreage on Lake Junaluska with immediate lifestyle appeal and a straightforward renovation path to increase value and functionality.
Home Highlights
Property Features
Interior Features
- Vaulted lake-facing great room with wall of windows
- Stone wood-burning fireplace
- Main-level kitchen and dining opening to living area
- Loft area adaptable to office or extra sleeping space
- Finished lower-level with separate kitchen, family room, 2 beds and 2 baths (needs updating)
Exterior & Lot
- Direct lake frontage on Lake Junaluska
- Expansive lakeside deck(s) for entertaining and views
- Paved steep driveway with turnaround
- Lot size approx. 15,681 SF (0.36 acres)
- One-car lower-level garage
Location & Neighborhood
- Located inside the Lake Junaluska community — walking loop, chapel, and conference grounds nearby
- Approximately 6–8 miles to downtown Waynesville for shopping and dining
- ~30 minutes to Asheville regional amenities and airport
- Quiet residential lakefront street with limited through traffic
Walkability & Recreation
- Walkability Rating: 38/100
- Immediate access to Lake Junaluska walking loop and waterfront recreation
- Nearby hiking and scenic drives in the Great Smoky Mountains foothills
Neighborhood & Location
Lake Junaluska is a historic mountain lake community celebrated for its walking loop, landscaped shoreline, and the Junaluska Conference and Retreat grounds. Characterized by a mix of historic cottages and contemporary lakefront homes, the area is quiet, community-oriented, and favored by retirees, second‑home owners, and visitors who come for the scenic setting and regular cultural or religious events at the conference center. Downtown Waynesville is a short drive away for restaurants, groceries, and services, while Asheville's broader amenities are within commuting distance.
Market Insights
Lakefront properties in Lake Junaluska are scarce and command a premium in the Asheville MSA marketplace. The broader Asheville region has seen steady appreciation over the last several years; Lake Junaluska specifically draws buyers seeking retirement homes, second homes, and short-term rental income (subject to rules). Inventory for true waterfront parcels is constrained, which supports pricing when condition and access match buyer expectations. This listing's quick early market activity (DOM 5 at time of scrape) suggests heightened interest. Buyers should budget for lower-level updates and shoreline maintenance; well-executed improvements typically yield strong resale upside in this micro‑market.
Nearby Schools
Hazelwood Elementary School
Elementary · 4-6 mi
Waynesville Middle School
Middle · 6-8 mi
Tuscola High School
High · 6-9 mi
Walkability & Recreation
Excellent access to lakefront recreation, walking loop, and nearby mountain trails; strong score for outdoor lifestyle and scenic proximity.
Investment Highlights
- Direct lakefront location on Lake Junaluska — premium waterfront exposure.
- Spacious 3,333 SF with two-level living: main-level primary living plus finished lower level.
- Large lakeside deck and dramatic great room with vaulted ceilings and stone fireplace.
- Lower level needs updating — opportunity to add near-term value for resale or rental.
- Short driving distance to downtown Waynesville and ~30 minutes to Asheville regional amenities.
Key Findings
- List price: $725,000; AVM aligned at ~$724,683.
- 3 bedrooms, 4 baths, 3,333 SF; built 1986; lot ~15,681 SF (0.36 acres).
- Finished lower level requires repairs/updates per seller; main level in good condition.
- City water and sewer confirmed in listing description.
- Steep paved driveway with turnaround; one-car garage on lower level noted in listing.
Things to Consider
- Lower-level finish condition — will require repair budget and contractor estimates.
- Lakefront properties may have shoreline restrictions, erosion concerns, or riparian rules — verify with county and community.
- Steep driveway could be a consideration for resale to older buyers; accessibility limitations for some buyers.
- Potential restrictions on short-term rentals from community/association or local ordinances — verify prior to assuming rental revenue.
Opportunity Analysis
Acquire a rare lakefront residence with immediate lifestyle appeal and a lower-level renovation upside to increase net operating income (if used as a vacation rental) or resale price. The combination of premium views and two-level living supports both primary/secondary home buyers and investors targeting high-demand mountain/waterfront nights.
Potential Use Scenarios
- Conduct full property inspection including structural, roofing, decks, and shoreline/intertidal stabilization.
- Obtain contractor bids for lower-level cosmetic rehab (floors, baths, kitchen) and budget $30k–$80k depending on finishes.
- Confirm local short-term rental rules with Haywood County and Lake Junaluska conference/association.
- Market to second-home buyers and rental investors emphasizing turnkey upper level and potential to add value below.
Risk Factors
- Unexpected major repairs (foundation, roof, septic/electrical) could impact returns.
- Local regulation changes on STR or community covenants could limit rental operation.
- Seasonal demand fluctuations typical of mountain lake markets.
Buyers should conduct independent due diligence before making any purchase decisions.
AI Valuation Estimate
Low
$665K
Midpoint
$725K
High
$785K
$217.7/SF estimated price per square foot
Estimate anchored to listed price of $725,000 and AVM; adjusted ±~8% to reflect lakefront premium, two-level living, finished lower-level needing updates, and local demand for waterfront homes in Lake Junaluska/Asheville MSA.
As of 2026-03-12
This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.
Market & Area Data
Market Trends
Demographics
Area attracts retirees, second-home buyers, and remote workers; steady seasonal visitation. Population growth modest compared with larger urban nodes; demand for lakefront properties remains strong.
Nearby Points of Interest
- Lake Junaluska Conference & Retreat (0.1 mi)
- Downtown Waynesville (6-7 mi)
Short walk to the Lake Junaluska retreat campus, walking loop, chapel and community amenities; easy drive to Waynesville for dining and services, and ~25-30 minutes to Asheville for regional amenities.
School District
Market data is based on aggregated public records and may not reflect real-time conditions.
Property Details
Building Details
Lot & Site
Utilities
Zoning & Land Use
Allowed Uses
Tax & Sale History
Tax Assessment
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