1942 Memorial Highway, Lake Lure NC
- 3 Bed
- 2 Bath
- 771 ft2
- 0.2 ac
For Sale $825,000
Remarks:
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
Interior Features:
Breakfast Bar, Open Floorplan
General Information:
| List Price: | $825,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 771 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4438860 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Lot Description: | Flood Plain/Bottom Land, Level, Views, Waterfront |
| Year Built: | 1940 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-30-2026 | Listed | $825,000 | $1,071 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Lake Lure Classical Academy | 2 miles | KG-06 | 4 |
| Edneyville Elementary | 10 miles | KG-05 | 4 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 1942 Memorial Highway, Lake Lure NC | 0 mi | $825,000 | days | |
| 130 Sherwood Drive, Lake Lure NC | 0.2 mi | $415,000 | days | |
| 517 Luther Burbank Drive, Lake Lure NC | 0.2 mi | $460,000 | days | |
| 174 Laurel Lane, Lake Lure NC | 0.3 mi | $95,000 | days | |
| 169 Laurel Lane, Lake Lure NC | 0.3 mi | $475,000 | days | |
| 227 Snug Harbor Circle, Lake Lure NC | 0.3 mi | $795,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28746
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Nest Realty Asheville
1942 Memorial Highway, Lake Lure NC is a 771 ft2 on a 0.160 acres lot. This is for $825,000. This has 3 bedrooms, 2 baths, and was built in 1940.
Based on information submitted to the MLS GRID as of 2026-10-30 19:16:53 EST. 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.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
