Property listing for 155 Quail Cove Blvd, Lake Lure, NC 28746
For SaleTownhome

$425,000

155 Quail Cove Blvd, Lake Lure, NC 28746

Renovated 2BR/2BA Townhome With Seasonal Lake & Mountain Views

2 Bed · 2 Bath · 1,418 Sq Ft

Turnkey Rumbling Bald Resort townhome with proven rental income

2

Beds

2

Baths

1,418

Sq Ft

1984

Built

None (assigned parking, 2 spaces)

Garage

About 155 Quail Cove Blvd

Perched within Rumbling Bald Resort just steps from the shoreline of Lake Lure, this renovated 2-bedroom, 2-bath townhome (1,418 SF) was updated in 2023 and delivers a ready-to-rent lifestyle or peaceful second-home retreat. The renovation replaced floors and fixtures throughout: new hardwood flooring flows across the main levels, the kitchen was refitted with crisp cabinets and granite counters, and the bathrooms were modernized for low-maintenance living. Thoughtful appointments — central AC, a heat-pump heating system and a wood-burning fireplace — balance comfort with mountain-resort character.

The townhome's split-level plan makes clever use of its sloped site. A living area anchored by the fireplace opens to a private balcony with seasonal lake and mountain glimpses; a second balcony off the sleeping wing provides its own quiet vantage. Bedrooms are well-proportioned, and the layout gives owners and renters distinct zones for relaxation and entertaining. The property is sold largely furnished, offering immediate turnkey operation for vacation rental management or weekend escapes.

Rumbling Bald Resort ownership brings amenities that distinguish this address: access to the golf course, private beach and marina, on-site dining, and community recreation that cater to both families and active getaway seekers. Chimney Rock State Park sits roughly five miles away for longer hikes and panoramic views, while the townhome’s proximity to Lake Lure (about a tenth of a mile) makes water activities and lakeside dining effortless.

Financially, the asset has a documented rental history and a current estimated monthly rent of approximately $3,000, supporting a gross rental yield in line with successful short-term properties in the resort. The townhome’s assessed value (2025) is $275,800 with modest annual taxes; a sales-comparison valuation centers near $425,000 reflecting recent renovated-unit transactions nearby. Whether as an investor capitalizing on Lake Lure’s strong vacation demand or a buyer seeking an upgraded retreat with resort privileges, this residence offers immediate use, strong rental appeal, and easy access to one of the region’s most desirable lake communities.

Home Highlights

Recently renovated in 2023 with new hardwood floors1,418 SF — 2 beds, 2 baths; split-level layoutSeasonal lake and mountain views from private balconiesStrong rental history with estimated monthly rent ~ $3,000Turnkey, mostly furnished for immediate use or leasingAccess to Rumbling Bald Resort amenities (golf, marina, beach)

Property Features

Interior Features

  • 2 bedrooms, 2 bathrooms — 1,418 finished SF
  • Renovated 2023: new hardwood flooring and updated bathrooms
  • Kitchen with granite countertops and upgraded cabinets
  • Wood-burning fireplace in main living area
  • Central air conditioning and heat-pump heating
  • Split-level layout with distinct living and sleeping zones
  • Mostly furnished — turnkey for short-term rental use

Exterior & Lot

  • Seasonal lake and mountain views from private balconies
  • Located within Rumbling Bald Resort with gated/resort access
  • Assigned parking for residents (estimated 2 spaces)
  • Asphalt shingle roof; wood-frame construction
  • Sloped topography typical of resort lakeside sites
  • Immediate proximity to Lake Lure (approx. 0.1 mile)

Location & Neighborhood

  • Rumbling Bald Resort community — access to marina, private beach, dining
  • Rumbling Bald Golf Course (approx. 0.2 mile)
  • Chimney Rock State Park ~5 miles — extensive hiking and views
  • Part of the Asheville, NC MSA with regional airport and amenities
  • Rutherford County jurisdiction; resort-oriented neighborhood

Walkability & Recreation

  • Walkability Rating: 35/100 — Car-Dependent (resort layout; short walks to lake and resort amenities)
  • Nearby parks and green spaces including Lake Lure shoreline
  • Hiking and biking trails within a short drive, Chimney Rock ~5 miles
  • Golf Course: Rumbling Bald Golf Course (0.2 miles)
  • Running/walking paths along the lake and resort greenways
  • Community recreation facilities: marina, private beach, on-site dining

Neighborhood & Location

Rumbling Bald Resort blends lakeside leisure with mountain recreation. Owners enjoy access to Lake Lure’s marina and private beach, an on-site golf course and dining, plus nearby hiking at Chimney Rock State Park. The community attracts a mix of full-time residents, second-home owners and vacation renters, creating a lively seasonal rhythm and a well-maintained resort environment. Local conveniences are a short drive away, while Asheville’s cultural and airport amenities remain accessible for weekend travel.

Market Insights

Lake Lure’s market currently reads as balanced-to-leaning-buyer territory. Inventory sits around six months—typical of a market that gives buyers time to compare choices—while average days on market run long (about 147 DOM), pointing to selective demand and seasonality in sales. Median sale prices for the area are around $580,000, though townhome/condo values within Rumbling Bald Resort track differently: recent renovated townhome sales in-community have closed in the $435k–$510k range. Year-over-year appreciation nationally has softened here (a slight -0.7% over the past 12 months), but five-year appreciation remains positive (~+10%), reflecting longer-term strength driven by second-home and rental demand.

For this property type—resort townhomes and condos—performance has been buoyed by short-term rental income and limited supply of turnkey units. Rental comps in the immediate community demonstrate strong peak-season rates (lease comps show $3,000+ monthly and rent-per-sf above $2.00), meaning investors can still capture attractive yields if they manage seasonality. Given the current data, buyers seeking rental income may find negotiating room, while sellers with fully renovated, turnkey units continue to command premium pricing. Prospective purchasers should verify HOA/assessment details and analyze rental occupancy patterns to optimize pricing and season-ready bookings.

Nearby Schools

R-S Central High School

High · 10-15 mi

4/10

R-S Middle School

Middle · 10-15 mi

4/10

Pinnacle Elementary School

Elementary · 10-15 mi

4/10

Walkability & Recreation

35
Walkability
80
Recreation

Very good outdoor recreation access: immediate lake shoreline and private beach, Rumbling Bald Golf Course within 0.2 miles, marina access, and Chimney Rock State Park hiking about five miles away.

Investment Highlights

  • Recently renovated in 2023 with modern finishes and furnishings
  • Located within Rumbling Bald Resort offering extensive amenities
  • Seasonal lake and mountain views from private balconies
  • Proven rental history with gross income exceeding $35,000 annually
  • Proximity to Chimney Rock State Park and other outdoor attractions

Key Findings

  • Assessed value in 2025: $275,800 with annual taxes of $2,270
  • Last sold in 2020 for $200,000; significant appreciation since
  • Located within Rumbling Bald Resort with access to extensive amenities
  • Lake Lure market has seen slight depreciation but remains popular for vacation rentals

Things to Consider

  • Schools rated 4/10; may impact appeal for families with school-aged children
  • Seasonal views may be limited during full foliage periods
  • Market depreciation of 0.7% over the past year; potential buyers should consider market trends

Opportunity Analysis

Renovated townhome in a premier resort community with strong rental history and access to extensive amenities, offering both personal enjoyment and income potential.

Potential Use Scenarios

  • Utilize as a vacation rental to capitalize on strong demand in Lake Lure
  • Leverage resort amenities to attract renters seeking comprehensive vacation experiences
  • Monitor market trends to optimize pricing strategies for rentals and potential resale

Risk Factors

  • Potential for market fluctuations affecting property value
  • Dependence on seasonal tourism for rental income
  • Maintenance costs associated with resort properties and HOA fees

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$400K

Midpoint

$425K

High

$450K

$300/SF estimated price per square foot

85% confidence

Sales comparison approach using recent sales of similar townhomes within Rumbling Bald Resort. Adjusted for renovations and rental income potential.

As of 2026-03-07

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$580,000
Avg Days on Market147 days
Inventory6 months
1-Year Appreciation+-70.0%

Demographics

Population (1 mi)500
Median Income (1 mi)$75,000

Lake Lure area has seen steady growth in tourism and vacation home ownership, contributing to a robust short-term rental market.

Nearby Points of Interest

  • Lake Lure (0.1 mi)
  • Rumbling Bald Resort Golf Course (0.2 mi)
  • Chimney Rock State Park (5 mi)

Located within Rumbling Bald Resort, offering access to Lake Lure, golf courses, and various recreational facilities. Close proximity to Chimney Rock State Park for hiking and outdoor activities.

School District

DistrictRutherford County Schools
ElementaryPinnacle Elementary School (4/10)
MiddleR-S Middle School (4/10)
HighR-S Central High School (4/10)

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1984
Constructionwood frame
Stories2
Roofasphalt shingle
Heatingheat pump
Coolingcentral AC
Basementnone
FireplaceYes
Conditionexcellent

Lot & Site

Topographysloped
Parkingassigned
Parking Spaces2

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
Gasnone

Zoning & Land Use

Zoning CodeR-3
DescriptionResidential
JurisdictionTown of Lake Lure

Allowed Uses

single familymulti familyshort term rentals
Current Useresidential
Assessor UseCondominium

Tax & Sale History

Tax Assessment

Total Assessed$275,800
Improvements$275,800
Annual Tax (2025)$2,270

Sale History

2020-09-04$200,000

$127/SF

Sale recorded in public records

Find a Local Agent

Looking to buy or sell? Connect with a licensed local agent who knows this area.

Request a Showing

Your inquiry will be connected with a licensed local real estate professional through our brokerage partner.

Are You a Local Agent?

No agency is currently featured for this market. Join the CompCasa Local Partner Program to get your brokerage placed on property pages like this one.

Learn About the Partner Program

CompCasa is a marketing and technology platform. All brokerage services are provided by licensed partners.