517 Luther Burbank Drive, Lake Lure NC
- 2 Bed
- 2 Bath
- 749 ft2
- 1.4 ac
For Sale $460,000
Remarks:
Welcome to 517 Luther Burbank Dr in beautiful Lake Lure — a proven successful vacation rental being sold fully furnished and completely turnkey, and was built and designed with the intention of hosting guests. Whether you’re looking for an income-producing investment property, a mountain getaway, or both, this charming home is ready to start generating revenue from day one. This bright and airy, well-maintained 2-bedroom, 2 full bathroom home offers the perfect blend of comfort, privacy, and outdoor living. Stunning mountain views can be appreciated from multiple rooms in the home. Guests and owners alike will love the spacious wraparound deck on the main level, ideal for relaxing, entertaining, or enjoying the peaceful and private setting. Upstairs, the primary loft style bedroom features its own east facing private deck, creating the perfect spot for a beautiful sunrise or unwinding in the evening and watching the sun set over Party Rock mountain. There is a full, unfinished basement that is ready to be finished easily with pre plumbed pipes installed, multiple windows, tall ceilings, and sliding door access to the yard. Outside, the property features a large yard with plenty of space to enjoy the outdoors, along with a hot tub and fire pit that make this home especially appealing as a vacation destination year-round. Conveniently located near all that Lake Lure and Chimney Rock have to offer, this property is a rare opportunity to own a successful short-term rental in one of Western North Carolina’s most sought-after mountain destinations. All roads leading to the home are maintained by the DOT and Town of Lake Lure. Currently using Starlink for high speed internet and have fantastic connectivity. 5 minutes to Morse Park, Lake Lure public beach, La Strada, Grey Hawk, and other great restaurants. 8 minutes to Chimney Rock Village and Chimney Rock State Park
Exterior Features:
Above Ground Hot Tub / Spa, Fire Pit, Hot Tub
General Information:
| List Price: | $460,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 749 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4383872 |
| Subdivision: | Chimney Rock Mountains |
| Style: | A-Frame, Cabin |
| Bathrooms: | 2 |
| Lot Description: | Corner Lot, Green Area, Sloped, Wooded, Views |
| Year Built: | 2019 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Lake Lure Classical Academy |
| Middle: | Lake Lure Classical Academy |
| High: | Lake Lure Classical Academy |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 10-23-2025 | Price Decrease | $559,000-1.76% | $747 |
| 07-28-2025 | Listed | $569,000 | $760 |
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 |
| 517 Luther Burbank Drive, Lake Lure NC | 0 mi | $460,000 | days | |
| 173 Mistletoe Park, Lake Lure NC | 0.4 mi | $729,000 | days | |
| 197 Thomas A Edison Road, Lake Lure NC | 0.4 mi | $525,000 | days | |
| 365 Seton Road, Lake Lure NC | 0.4 mi | $249,900 | days | |
| 315 Thomas A Edison Road, Lake Lure NC | 0.4 mi | $1,250,000 | days | |
| 169 Laurel Lane, Lake Lure NC | 0.5 mi | $475,000 | 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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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.
Property Listing Information
A Courtesy Listing Provided By EXP Realty LLC
517 Luther Burbank Drive, Lake Lure NC is a 749 ft2 on a 1.390 acres lot. This is for $460,000. This has 2 bedrooms, 2 baths, and was built in 2019.
Based on information submitted to the MLS GRID as of 2026-06-06 10:41:12 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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