OFF MARKET

$225,000

Last sold price

42 Peninsula Dr, Mill Spring, NC 28756

Currently Off Market - Sold Sep 29, 2023 for $225,000

Home Value

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Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.

Address	Distance	Property Type	Sold Price	Sold Date	Bath	Sqft
14 S Cove Rd #14, Mill Spring, NC	0.32	Lot/Land	$225,000	06/29/26	-	-
S Cove Rd #17, Mill Spring, NC	0.42	Lot/Land	$295,000	08/05/26	-	-
15 S Cove Rd, Mill Spring, NC	0.34	Lot/Land	$86,000	04/30/26	-	-
50 & 50A Mountain Pkwy, Mill Spring, NC	0.37	Lot/Land	$135,000	04/15/26	-	-
35 Mountain Pkwy, Mill Spring, NC	0.78	Lot/Land	$275,000	04/24/26	-	-
1140 Laurel Crest Ln, Mill Spring, NC	0.51	Lot/Land	$155,000	01/06/26	-	-
Lake Adger Pkwy #7, Mill Spring, NC	0.97	Lot/Land	$182,000	06/26/26	-	-
N Coast Dr #17-6, Mill Spring, NC	0.75	Lot/Land	$79,000	10/27/25	-	-
Forester Ln #21, Mill Spring, NC	0.75	Lot/Land	$34,000	03/06/26	-	-
Forester Ln #24, Mill Spring, NC	0.74	Lot/Land	$12,500	01/20/26	-	-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.

Address	Distance	Price	Bed	Bath	Sqft	Status
18 Summer Ln, Mill Spring, NC 28756	0.15	-	-	-	-	Off Market
120 Summer Ln, Mill Spring, NC 28756	0.19	$833,700	3	3.5	3,693	Off Market
120 Summer Lane Ml, Princeton, NC 27569	0.20	$833,600	3	3.5	3,693	Off Market
91 Island View Ct, Mill Spring, NC 28756	0.21	$1,219,000	4	4.5	4,248	For Sale
1131 S Cove Rd, Mill Spring, NC 28756	0.24	$1,294,200	5	4.5	4,308	Off Market
92 Island View Ct, Mill Spring, NC 28756	0.23	$1,200,000	3	3.5	2,788	Recently Sold
1237 S Cove Rd #6, Mill Spring, NC 28756	0.28	$646,800	4	3.5	2,410	Off Market
3 S Pointe Rd, Mill Spring, NC 28756	0.27	$250,000	-	-	-	For Sale
Lot 13 S Cove Rd, Mill Spring, NC 28756	0.30	$180,000	-	-	-	For Sale
14 Jackson Cove Pkwy, Mill Spring, NC 28756	0.32	-	-	-	-	Off Market
1237 S Cove Rd, Mill Spring, NC 28756	0.32	$850,000	4	3.5	2,410	Recently Sold

Local Information

Map ViewExplore the area around 42 Peninsula Dr.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

Home Highlights

Property Type

Lot/Land

Lot Size

1 acre

HOA

$104/Monthly

About this House

Build your dream cottage on this gently sloping lakefront 1-acre lot in the gated Lake Adger community of Mountain Park. It's in a desirable location on a peninsula with frontage on a deep water channel and includes deeded rights to install a floating dock. Pick your building spot to maximize the view and easily access your private floating dock. Underground power and a shared well are in place. A 4-bedroom septic permit was granted in 2006 and expired in 2011. Take advantage of this opportunity to live on peaceful Lake Adger, a 438-acre lake with 14 miles of pristine shoreline. Kayaks, canoes, and paddleboards are welcome! Restrictions are in place to ensure quiet enjoyment, with an 80 HP limit on pontoon boats, 60 HP on other watercraft, and no Jet skis or water skiing are permitted. Contact an agent for showings; a gate code is required, so a drive-by isn’t possible.

42 Peninsula Dr, Mill Spring, NC 28756 is a lot/land. It last sold for $225,000 on Sep 29, 2023 (8% below the $245,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $1,615/month.

Last check for updates: about 7 hours ago

Listed by Kathy Toomey

New View Realty

Bought with: Kelly Gay, (828) 899-0706, Keller Williams Mtn Partners, LLC

Source: Canopy MLS as distributed by MLS GRID, MLS#3938761

Home Details for 42 Peninsula Dr

Active Status
MLS Status: Closed

Interior Features
Appliances & Utilities Utilities: Electricity Connected, Underground Utilities
Gas & Electric Has Electric on Property
View Has a ViewView: Mountain(s), Water, Winter

Exterior Features
Exterior Home Features Wooded Area Size: 1
Parking & Garage No CarportNo Garage
Frontage WaterfrontWaterfront: Boat Ramp – Community, WaterfrontRoad Frontage: Private RoadResponsible for Road Maintenance: Private Maintained RoadRoad Surface Type: PavedOn Waterfront
Water & Sewer Sewer: Septic NeededWater Body: Lake Adger
Surface & Elevation Elevation Units: Feet

Days on Market
Cumulative Days on Market: 225

Property Information
Property Type / Style Property Type: LandProperty Subtype: Unimproved Land
Building Not Habitable Residence
Property Information Usage of Home: ResidentialParcel Number: P54252

Price & Status
Price List Price: $245,000

Location
Direction & Address City: Mill SpringCommunity: Mountain Park at Lake Adger
School Information Elementary School: SunnyviewJr High / Middle School: PolkHigh School: Polk

Community
Community Features: Gated, Lake AccessNot Senior Community

HOA
HOA Name: IPMHOA Phone: 828-650-6851Has an HOAHOA Fee: $1,250/Annually

Lot Information
Lot Area: 1 acres

Listing Info
Special Conditions: Standard

Offer
Listing Terms: Cash, Conventional

Miscellaneous
Mls Number: 3938761Water ViewWater View: WaterAttribution Contact: Kathy@KathyToomey.com

Additional Information
GatedLake Access

Price and Tax history

Date	Event	Price
Sep 29, 2023 Source: Canopy MLS as distributed by MLS GRID #3938761	Sold	$225,000
Jan 29, 2023 Source: Canopy MLS as distributed by MLS GRID #3938761	Listed For Sale	$245,000
Apr 25, 2019 Source: Agent Provided	ListingRemoved	$185,000
Dec 31, 2018 Source: Agent Provided	Listed For Sale	$185,000

Additional Cost

Market trends in Mill Spring

Last updated July 2026

Avg. sale price

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Sale-to-List Price

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Price per sq ft

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Available listings

1MoM

Around this home

Sunny View Elementary School
PK-5
Public
106 Students
Polk County School District
6/10
GreatSchools Rating
Parent Rating Average
A great community school with tremendous leadership. Teachers care for our kids and work well with parents. One of the best schools I have ever seen!
Parent Review
16y ago
2 Reviews

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LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-08-29 13:18:37 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information