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.
Lake Junaluska Lakefront A‑Frame — Dramatic Views & Two-Level Living
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.
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Comparable sales
A 1986 a frame, contemporary on 0.36 acres.
Building
Site & utilities
Lake Junaluska
Researched nearby locations
Location
2445 S Lakeshore Dr, Lake Junaluska, NC 28745
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.
Excellent access to lakefront recreation, walking loop, and nearby mountain trails; strong score for outdoor lifestyle and scenic proximity.
A factual market snapshot around 2445 S Lakeshore Dr.
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.
Likely residential single-family lakefront zoning; subject to Lake Junaluska community covenants/controls
Zoning
Research-indicated uses
- Single Family Residence
- Accessory Structures
- Short Term Rental Possibly Allowed (Verify Local Rules & Community Covenants)
What the research supports — and what is still worth verifying.
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.
What stands out about this property.
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.