1942 Memorial Highway
Lake Lure, NC, 28746 $ 825,000
Bedrooms3 Baths2.0 Sq 1,096 Monthly Estimate*
$ 5,698
for $825,000 with 3 bedrooms and 2 full baths. This 1,096 square foot home was built in 1940 on a lot size of 0.16.
Offered at $825,000, below current appraised value!** Discover a truly extraordinary Lake Lure waterfront opportunity featuring TWO homes, TWO lots, TWO docks, a boathouse with mechanical boat lift, and approximately 117 feet of shoreline. Nestled along a tranquil cove in a desirable mid lake location, this one of a kind property offers an exceptional combination of lakefront living, privacy, and investment potential. The beautifully renovated primary cottage is among the few homes built on pylons directly over Lake Lure, creating an unforgettable experience where you can step outside, jump into the lake, or simply relax and watch the ducks swim by. Thoughtfully reimagined with designer finishes throughout, the home features one bedroom plus a bonus guest space, a stunning new kitchen with quartz countertops and Spanish tile, an updated bathroom, and waterproof luxury vinyl plank flooring. Extensive improvements include new electrical, plumbing, HVAC, spray foam insulation, maintenance free metal board and batten siding, and a newly sealed metal roof. A second charming waterfront cottage, known as Lake Lure's only lakeside tiny house, offers additional accommodations with a private fenced yard and balcony overlooking the water. Expansive outdoor living spaces include a sun deck, hot tub patio, two docks, a separate boathouse with mechanical lift, and a workshop. Both homes are being sold completely furnished with stylish new indoor and outdoor furnishings and artwork, creating a truly turnkey opportunity. With a strong vacation rental history and an established property manager available for a seamless transition, this unique offering is equally suited for a private lakefront retreat, multigenerational getaway, or income producing investment. Permits on file with Rutherford County and structural letter available. An exceptional opportunity to own a distinctive piece of Lake Lure waterfront living! Broker/Owner
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FeaturesGeneralLiving Area 771
Sewer Public Sewer
Heating Ductless Heat Pump
Cooling Central Air Window Unit(s)
Appliances Dishwasher Dryer Electric Oven Electric Range Electric Water Heater Microwave Refrigerator Washer Washer/Dryer
Patio/Porch Features Balcony Deck Patio Rear Porch Side Porch Other - See Remarks
Construction Materials Aluminum Wood
Year Built 1940
View Mountain(s) Water Year Round
Levels One
Property Subtype Single Family Residence
Parcel Number 0642463629
Waterfront Features Boat House Boat Lift Dock Other - See Remarks
Additional Parcels Description 0642463624
County Rutherford
New Construction N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N N
Full Baths 2
High School Unspecified
City Lake Lure
Body of Water Lake Lure
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 Y
Virtual Tour https://www.zillow.com/view-imx/8038b50d-3b92-487a-b536-8d88129b617d?initialViewType=pano https://www.zillow.com/view-imx/8038b50d-3b92-487a-b536-8d88129b617d?initialViewType=pano
Standard Status Active
Construction Type Site Built
Tax Assessed Value 457000
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InteriorInterior Amenities Breakfast Bar Open Floorplan
Flooring Cork Laminate Tile
Basement (Y/N) N
Fireplace Y/N N
Above Grade Finished Area 771
Half Baths 0
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
SqFt Main 771
SqFt Lower 0
SqFt Upper 0
Bedroom 2
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ExteriorParking Features Driveway
Lot Features Flood Plain/Bottom Land Level Views Waterfront
Water Source City
Lot Size Area 0.16
Foundation Details Pillar/Post/Pier
Road Surface Type Concrete Gravel Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN N
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* Excluded FeaturesList ByNest Realty AshevilleBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,698
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbySingle family listings in Lake Lure, NC
Average List Price $719,030
Percent of Sale Price 13%
About Lake Lure, NC 1,426 Population
20% Since 2002
$ 51,065 Median Income
58.77 Median Age
11% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/30/2026 | $825,000 | | Listed Price |