Lake Lure · Lake Lure, NC
121 Fern Loop
Lake Lure, NC · 2,386 sqft
$575,000
- 3Beds
- 3Baths
- 2,386SqFt
- 2003Year
- 23Days on market
About this home
RARE INVESTMENT OPPORTUNITY-Welcome to Captain’s Quarters, a spacious home located inside the gated community of Rumbling Bald on Lake Lure offering a great rental opportunity with 38 days already booked for 2026! This well-established rental property provides immediate income potential while also offering the option to enjoy as a personal mountain retreat now or in the future. This large home features multiple bedrooms, generous living spaces, and expansive decking perfect for relaxing and enjoying the peaceful mountain setting with beautiful mountain views. With three decks, there is plenty of space to relax, entertain, and enjoy the peaceful setting and fresh mountain air. The layout and location are ideal for guests and gatherings, making it a popular choice for vacation renters seeking the Rumbling Bald lifestyle. Located just minutes from Rumbling Bald’s amenities, including golf courses, indoor and outdoor pools, private beach access on Lake Lure, wellness center, restaurants, and outdoor activities, this property offers year-round appeal. Whether you are looking for an investment property with current bookings in place or a home you can enjoy yourself later, Captain’s Quarters offers the best of both worlds — income potential now and mountain living in the future!
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Property details
- Beds
- 3
- Baths
- 3
- SqFt
- 2,386
- Lot
- —
- Year built
- 2003
- Type
- Single Family
- Days on market
- 23
- Heating
- Heat Pump
- Cooling
- Central Air
- Foundation
- Slab
- Flooring
- Tile, Vinyl, Wood
- View
- Mountain(s)
- HOA dues
- $4,967 / yr
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance, HOA
$4,645/ month
- Principal & interest
- $3,561
- Property tax (~1.05%)
- $503
- Homeowners insurance
- $167
- HOA dues
- $413
Down payment
$28,750 down · $546,250 financed
Income to qualify (28% rule)
~$199,110 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he 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.