Lake Lure · Lake Lure, NC
721 Old Mill Road
Lake Lure, NC · 960 sqft
$299,999
Reduced from $350,000
- 2Beds
- 1Baths
- 960SqFt
- 2020Year
- 75Days on market
About this home
Situated on 3 private UNRESTRICTED acres, in a prime location between Lake Lure and Rutherfordton, this versatile property features a 2-bedroom, 1-bath home and offers the freedom to create, expand, or invest without restriction. Whether you're envisioning a full-time residence, short-term rental, mini-farm, hunting cabin or future development, the potential here is truly unlimited. Added value and peace of mind come from the newer mini-split systems and a strong-producing well with an estimated output of 50–55 gallons per minute. Enjoy the perfect balance of convenience and privacy, with easy access to both Lake Lure and Rutherfordton while still surrounded by peaceful, natural beauty. Opportunities like this, unrestricted land in such a desirable location, are increasingly hard to find. Bring your vision and make it your own!
Property details
- Beds
- 2
- Baths
- 1
- SqFt
- 960
- Lot
- —
- Year built
- 2020
- Type
- Single Family
- Days on market
- 75
- Heating
- Ductless
- Cooling
- Ductless
- Foundation
- None
- Flooring
- Vinyl
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,170/ month
- Principal & interest
- $1,857
- Property tax (~0.90%)
- $225
- Homeowners insurance
- $87
- HOA dues
- —
Down payment
$14,999 down · $284,999 financed
Income to qualify (28% rule)
~$93,020 / 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.