Lake Lure · Lake Lure, NC
446 Rainbow Circle
Lake Lure, NC · 4,026 sqft
$1,075,000
Reduced from $1,250,000
- 2Beds
- 4Baths
- 4,026SqFt
- 2000Year
- 264Days on market
About this home
Now offered at an incredible new price of $1,075,000! Nestled on the peaceful shores of Mirror Lake in Riverbend at Lake Lure, this expansive 4,000+ sq ft log cabin offers the perfect blend of relaxation, recreation, and proven income potential.With five dedicated sleeping areas plus generous overflow space, it’s ideal for large family retreats or a high-performing vacation rental—having produced an impressive $171,000 in 2023. Wake up to serene lake views, spend your days fishing, swimming, kayaking, or hiking right outside your door, and enjoy evenings exploring nearby Chimney Rock Village or the renowned Tryon Equestrian Center.As Lake Lure and the surrounding Western North Carolina communities beautifully rebound and rebuild from Hurricane Helene, there has never been a better time to invest in this resilient premier destination. Whether you are seeking a lucrative investment opportunity or a personal vacation resort to gather and make lasting memories, this lakeside log home delivers an exceptional lifestyle at an unmatched value. PLEASE PROVIDE PRE- QUALIFIED OR APPROVED LETTER OR PROOF OF FUNDS WHEN SCHEDULING SHOWING APPOINTMENTS TO LIST AGENT(S)
Property details
- Beds
- 2
- Baths
- 4
- SqFt
- 4,026
- Lot
- —
- Year built
- 2000
- Type
- Single Family
- Days on market
- 264
- Garage
- 2
- Style
- Cabin
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Foundation
- Basement
- Flooring
- Carpet, Tile, Vinyl, Wood
- View
- Water, Year Round
- HOA dues
- $650 / yr
Features
- Built-in Features
- Garden Tub
- Hot Tub
- Open Floorplan
- Split Bedroom
- Storage
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$7,831/ month
- Principal & interest
- $6,657
- Property tax (~0.90%)
- $806
- Homeowners insurance
- $313
- HOA dues
- $54
Down payment
$53,750 down · $1,021,250 financed
Income to qualify (28% rule)
~$335,646 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.