For Sale $507,000
Private mini estate with great bones located just outside the town limits of Lake Lure. The main site-built has over 4200 sq. feet. On the grounds are also a small creek, a manufactured home that has been added onto and offers living, dining, kitchen, bedroom and bath of appx 1068 sf. A two-bay garage with workshop and storage, and a covered carport with attached storage room. The main home has a large great room with fireplace, kitchen, and dining as well as a butler’s kitchen. There are two bedrooms on the main level, two full baths and a powder room. A wrap around enclosed screen porch, encircles the entire living/dining/kitchen area. The lower level has a separate living space with kitchen and another bedroom and bath. Lots of storage and a covered porch surrounds the lower level. Property is being sold “as is." Priced well below tax value of $586,000. The interior needs cosmetic work, but this is an amazing opportunity to create a private estate with income potential.
| List Price: | $507,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2279 sqft |
| Parking: | Detached Carport, Driveway, Parking Space(s) |
| MLS Number: | CAR4062749 |
| Subdivision: | None |
| Bathrooms: | 4 |
| Year Built: | 1990 |
| Sewer Type: | Septic Installed |
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Unspecified |
| Date | Event | Price | $/SQFT |
| 10-18-2025 | Relisted | $507,000 | $223 |
| 09-16-2025 | Under Contract | $507,000 | $223 |
| 05-27-2025 | Price Decrease | $507,000-2.41% | $223 |
| 04-30-2025 | Listed | $519,500 | $228 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Lake Lure Classical Academy | 1 miles | KG-06 | 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.
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 |
| 388 Island Creek Road, Lake Lure NC | 0 mi | $507,000 | days | |
| 138 Silver Tree Lane, Lake Lure NC | 0.2 mi | $1,600,000 | days | |
| 157 Silver Tree Lane, Lake Lure NC | 0.3 mi | $525,000 | days | |
| 740 Justice Drive, Lake Lure NC | 0.4 mi | $449,000 | days | |
| 344 Wolf Trail, Lake Lure NC | 0.6 mi | $429,900 | days | |
| 213 Wolf Trail, Lake Lure NC | 0.6 mi | $474,500 | days |
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 |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
|
Occupancy Types |
|
Transportation to Work |
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.
A Courtesy Listing Provided By Pinnacle Sothebys International Realty
388 Island Creek Road, Lake Lure NC is a 2279 ft2 on a 6.900 acres Appraisal lot. This is for $507,000. This has 3 bedrooms, 4 baths, and was built in 1990.
Based on information submitted to the MLS GRID as of 2025-04-30 09:10:05 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.
Click here for more information
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.