1242 Gateway Parkway Old Fort, NC $ 699,000
1242 Gateway Parkway
$ 699,000
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1242 Gateway Parkway

Old Fort, NC, 28762
$ 699,000
Bedrooms3 Baths2.0 Sq 1,719

Monthly Estimate*

$ 4,828

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Single Family Home for sale in Old Fort, NC

for $699,000 with 3 bedrooms and 2 full baths. This 1,719 square foot home was built in 2000 on a lot size of 4.09.

Set high atop a private, gated mountain community, this beautifully appointed 3-bedroom, 2-bathroom log cabin offers one of the most sought-after settings in Western North Carolina, with sweeping, long-range views of the Blue Ridge Mountains and Lake Lure visible in the distance—scenery that's a big part of why this home has become a standout, highly successful vacation rental with a loyal base of repeat guests. Inside, the open-concept design connects the living, dining, and kitchen areas, all oriented to take full advantage of the mountain backdrop; the living room centers around a cozy wood stove and flows into a well-equipped kitchen with a gas range and full furnishings and cookware, while the dining area comfortably seats a group and a wraparound deck extends the living space outdoors with multiple spots for lounging and dining. The main level includes two queen bedrooms and a full bathroom with both a soaking tub and walk-in shower, while upstairs a private primary suite offers a king bed, en suite bathroom, and a peaceful loft area perfect as a reading nook or remote workspace; a lower-level recreation space adds even more flexibility, with direct access to a private hot tub positioned to take in the same incredible mountain views, plus a fire pit for evenings of stargazing. Beyond the home itself, the gated community offers a rare slate of shared amenities that elevate the experience even further, including a scenic waterfall area, a small community lake with a dock, and a network of hiking trails, with the gated entrance adding privacy and security for guests seeking a quiet, secluded escape without sacrificing convenience. The location strikes an excellent balance between seclusion and accessibility, with a short drive to Old Fort for dining and breweries, easy reach of Black Mountain, Chimney Rock, and Lake Lure, and Asheville and the Blue Ridge Parkway both within about 45 minutes. Offered fully furnished and turnkey—including all furnishings, kitchenware, décor, and the hot tub—this home makes it exceptionally easy for a new owner to step in and continue operating it as an income-producing vacation rental from day one, and with its proven rental history, and unbeatable combination of privacy, views, and community amenities, it represents a rare opportunity to own a true mountain retreat that also performs as a strong investment property.

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Single Family Active

Price

$ 699,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Cabin

Lot Size

4.09

Year Built

2000

Town/City

Old Fort

County/Region

McDowell

MLS | Web ID

4422894

Features
General
Living Area 1719
Sewer Septic Installed
Heating Central Heat Pump
Cooling Central Air
Roof Architectural Shingle
Appliances Dishwasher Disposal Exhaust Hood Gas Range Microwave Oven Refrigerator with Ice Maker Washer/Dryer
HOA Fee 1407
Patio/Porch Features Covered Deck Wrap Around
Architectural Style Cabin
Construction Materials Wood
Year Built 2000
View Long Range Mountain(s) Year Round
Levels Two
Property Subtype Single Family Residence
Parcel Number 065600596334
Elevation 2000
Community Features Gated Lake Access Pond Recreation Area Walking Trails
Assoc Fee Paid Per Annually
County McDowell
New Construction N
Property Type Residential
HOA Y
Subdivision Name Gateway Mountain
Garage Y/N N
Full Baths 2
Directions From Old Fort go out Old Fort Rd. to the main Gateway Mountain entrance on your left. Go through the gate and take a right on McKenzie Way and follow up to the three way intersection. Take a left o
High School Unspecified
City Old Fort
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=Nb9WK8oFFPd&mls=1 https://my.matterport.com/show/?m=Nb9WK8oFFPd&mls=1
Standard Status Active
Construction Type Site Built
Tax Assessed Value 464430
Listing Terms Cash Conventional FHA USDA Loan VA Loan
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Interior
Basement Daylight Exterior Entry Full Storage Space Unfinished Walk-Out Access
Fireplace Features Wood Burning Stove
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1719
Half Baths 0
Laundry Features In Basement
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
SqFt Main 1251
SqFt Lower 0
SqFt Upper 468
Bedroom 2
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Exterior
Exterior Amenities Hot Tub
Parking Features Driveway
Lot Features Cleared Green Area Private Wooded Views
Water Source Well
Lot Size Area 4.09
Foundation Details Basement
Road Surface Type Gravel Paved
Door Features Insulated Door(s)
Other Equipment Fuel Tank - Owned
Road Responsibility Private Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 1242
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* Excluded Features
List By
Greybeard Realty

Broker

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$4,828
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$4,828
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
9/9/2026$699,000 Listed Price

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1242 Gateway Parkway, Old Fort, NC, 28762 is a Single Family Home for sale at $699,000 with 1,719 sqft and a lot size of 4.09. 1242 Gateway Parkway has 3 bedrooms, 2.0 baths, and was built in 2000. The property's zip code is 28762 which is in Old Fort, NC