Lake Lure · Lake Lure, NC
446 Rainbow Circle
Lake Lure, NC · 4,026 sqft
$1,175,000
Reduced from $1,250,000
- 2Beds
- 4Baths
- 4,026SqFt
- 2000Year
- 160Days on market
About this home
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 income potential. With five dedicated sleeping areas plus generous overflow space, it’s ideal for large family retreats or a high-performing vacation rental—producing 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. Designed for comfort and connection, this inviting mountain retreat provides room to gather, unwind, and make lasting memories. Whether you’re seeking a proven investment opportunity or a peaceful escape surrounded by nature, this lakeside log home delivers an exceptional lifestyle in one of the most sought after areas in WNC.
Property details
- Beds
- 2
- Baths
- 4
- SqFt
- 4,026
- Lot
- —
- Year built
- 2000
- Type
- Single Family
- Days on market
- 160
- 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
$8,702/ month
- Principal & interest
- $7,277
- Property tax (~1.05%)
- $1,028
- Homeowners insurance
- $342
- HOA dues
- $54
Down payment
$58,750 down · $1,116,250 financed
Income to qualify (28% rule)
~$372,948 / 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.