Lake Lure · Lake Lure, NC
721 Old Mill Road
Lake Lure, NC · 960 sqft
$345,000
Reduced from $350,000
- 2Beds
- 1Baths
- 960SqFt
- 2020Year
- 16Days 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. 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
- 16
- Heating
- Ductless
- Cooling
- Ductless
- Foundation
- None
- Flooring
- Vinyl
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$2,539/ month
- Principal & interest
- $2,136
- Property tax (~1.05%)
- $301
- Homeowners insurance
- $100
- HOA dues
- —
Down payment
$17,250 down · $327,750 financed
Income to qualify (28% rule)
~$108,822 / 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.