Waterfront homesite with short-term rentals allowed in The Peninsula at Lake James, a gated lakefront community. This gently sloped 1.22-acre lot sits on a large, quiet cove just off the main channel. You get open-water views and easy access to the main lake, while the cove keeps big wakes away from your dock. The views stretch from west to east, so sunset color fills the whole evening sky. The underbrush was recently cleared, so you can walk the entire lot and picture your future home. A flat path leads to the water's edge, and a private dock is permitted with Duke Energy approval. The lot was perced in 2018 for two homes (5BR and 2BR). That septic permit has since expired, so the buyer will need a new perc test. The community well is located right on this lot, so you can skip the cost of drilling a well and save money from day one of your build. A private well is also an option. Underground power lines are in place. Residents enjoy a pool and pavilion, plus a walking path to the community day dock and a gated storage area for boats and trailers. The Fonta Flora State Trail and Lake James State Park are just minutes away, with miles of hiking and mountain biking along the shoreline. The rugged Linville Gorge is about 25 minutes away, and Linville Falls is about 40. Marion is 15 minutes away, Black Mountain about 40 and Asheville about an hour. Asheville Regional Airport is about an hour away, and Charlotte Douglas International is about an hour and a half, so it's an easy trip for out-of-town guests or a weekend getaway. It's a rare chance to own the Lake James lifestyle with the best of the Blue Ridge close at hand.