40 Country Bear Lane, Flat Rock NC
- 4 Bed
- 3 Bath
- 1443 ft2
- 1.1 ac
For Sale $599,000
Remarks:
Now priced $88,000 below recent appraisal. With two fully functional living units, this property offers immediate income potential, flexible occupancy strategies, and long-term value in a highly desirable location near Flat Rock. The main residence (Unit 1) features a 3-bedroom layout with multiple living areas, including two sunrooms, a gas fireplace, and an updated kitchen with granite countertops. The primary suite includes a walk-in closet and en-suite bath, while the second-floor bedroom also offers a private en-suite—ideal for maximizing rental configurations or short-term rental appeal. Unit 2 is a fully self-contained 1-bedroom, 1-bath suite with private entrance, full kitchen, living/dining area, oversized walk-in closet, and dedicated storage space—well-suited for long-term tenants, short-term rental income, or multigenerational occupancy. The property includes a 2-car garage plus a rare 4-car tandem basement garage with oversized doors, offering strong appeal for tenants or owners needing workshop, storage, or equipment space—an added value driver not commonly found in comparable properties. Situated on 1.1 acres with mountain views and direct adjacency to Green River Game Lands, the location supports both long-term rental stability and short-term rental demand, with access to hiking, rivers, and outdoor recreation. Additional features include a large in-ground pool with 9’ diving depth and newer HVAC systems (2019 & 2025), reducing near-term capital expenditures. With dual-unit flexibility, below-appraisal pricing, and strong lifestyle-driven rental appeal, this property is well-positioned for investors seeking cash flow, house-hack potential, or short-term rental diversification. Please note - pool cover is virtually placed and this property is cross-listed under MLS #4332498.
Exterior Features:
Other - See Remarks
Interior Features:
Attic Stairs Pulldown, Built-in Features, Hot Tub, Pantry, Split Bedroom, Storage, Walk-In Closet(s), Other - See Remarks
General Information:
| List Price: | $599,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Duplex |
| Approx Sq. Ft.: | 1443 sqft |
| Parking: | Driveway, Attached Garage, Garage Faces Front, Tandem, Other - See Remarks |
| MLS Number: | CAR4332648 |
| Subdivision: | None |
| Bathrooms: | 3 |
| Lot Description: | Adjoins Forest, Cleared, Views, Wooded |
| Year Built: | 1987 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Upward |
| Middle: | Flat Rock |
| High: | East Henderson |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 05-09-2026 | Listed | $599,000 | $416 |
| 04-07-2026 | Listed | $499,000 | $346 |
| 06-09-2025 | Listed | $599,000 | $416 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Hillandale Elementary | 2 miles | KG-05 | 7 |
| Upward Elementary | 3 miles | KG-05 | 6 |
| The Mountain Community Sch | 5 miles | KG-06 | 5 |
| Atkinson Elementary | 6 miles | KG-05 | 9 |
| Bruce Drysdale Elementary | 6 miles | KG-05 | 3 |
| Sugarloaf Elementary | 6 miles | KG-05 | 5 |
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 |
| 40 Country Bear Lane, Flat Rock NC | 0 mi | $599,000 | days | |
| 1086 Mine Gap Road, Zirconia NC | 0.6 mi | $350,000 | days | |
| 666 Never Blue Road, Flat Rock NC | 0.8 mi | $1,100,000 | days | |
| 3 Wagon Trace, Flat Rock NC | 0.8 mi | $500,000 | days | |
| 5481 Greenville Highway, Zirconia NC | 0.9 mi | $1,695,000 | 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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| 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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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28731
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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 EXP Realty LLC
40 Country Bear Lane, Flat Rock NC is a 1443 ft2 on a 1.100 acres lot. This is for $599,000. This has 4 bedrooms, 3 baths, and was built in 1987.
Based on information submitted to the MLS GRID as of 2026-05-09 09:30:30 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.
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