Homes/North Carolina/Lake Lure/155 Quail Cove Blvd
CompCasa Property Analysis · condo

155 Quail Cove Blvd

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

Turnkey Rumbling Bald Resort townhome with proven rental income

2 beds2 baths1,418 sq ftBuilt 1984none
CompCasa valuation analysis
Estimated market value
$425,000
Low $400,000 · Midpoint $425,000 · High $450,000
Confidence85%Sales comparison approach
Last recorded sale$200,000Sep 4, 2020
Assessed value$275,8002025 assessment
CompCasa estimate$425,000Mar 7, 2026
Estimate vs. last recorded sale+$225,000 / +112.5%
$400,000$425,000 midpoint$450,000
Price / sq ft$300
Median sale price$580,000
Avg days on market147 days
Inventory6 months

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

About the property

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

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$499,900
Property address155 Quail Cove Blvd Unit 1608, Lake Lure, NC 28746
2 bed2 bath1,924 sq ftBuilt 19880 mi$260/SF
Sold Dec 15, 2025
Subject difference
  • 506 SF larger
  • 4 years newer
Research comparison noteSimilar townhome within the same community, recently renovated with strong rental history.
02Sold price$509,000
Property address155 Quail Cove Blvd Unit 1612, Lake Lure, NC 28746
2 bed2 bath1,470 sq ftBuilt 19840 mi$346/SF
Sold Nov 20, 2025
Subject difference
  • 52 SF larger
  • Same year built
Research comparison noteRenovated townhome with lake views and updated interiors, located within the same community.
03Sold price$434,900
Property address155 Quail Cove Blvd Unit 1618, Lake Lure, NC 28746
2 bed2 bath1,418 sq ftBuilt 19840 mi$307/SF
Sold Oct 10, 2025
Subject difference
  • Same living area
  • Same year built
Research comparison noteRecently renovated townhome with modern finishes and strong rental history within the same community.
Comp methodology: Comparable sales and rentals were selected from within the same community to ensure relevance, focusing on units with similar size, renovations, and rental histories.
Property details

A 1984 townhome.

Building

Year built1984
ConstructionWood Frame
RoofAsphalt Shingle
Heatingheat pump
Coolingcentral AC

Site & utilities

Garagenone
Stories2
ConditionExcellent
BasementNone
FireplaceYes
Improvement notesRenovated in 2023 with new hardwood flooring, kitchen cabinets, granite countertops, updated bathrooms, and new furnishings.
TopographySloped
ParkingAssigned
Parking spaces2
Parking notesAssigned parking spaces for residents
AccessStandard residential access within gated community
WaterMunicipal
SewerMunicipal
ElectricDuke Energy
GasNone
Location & nearby

Rumbling Bald Resort

Researched nearby locations

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

Location

155 Quail Cove Blvd, Lake Lure, NC 28746

View in Google Maps
Editorial neighborhood context

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.

Nearby access summary

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.

ElementaryPinnacle Elementary School (4/10)
Middle schoolR-S Middle School (4/10)
High schoolR-S Central High School (4/10)
School districtRutherford County Schools
Market context

A factual market snapshot around 155 Quail Cove Blvd.

Median sale price$580,000
Avg days on market147 days
Inventory6 months
1-year appreciation-70.0%
5-year appreciation1000.0%
Editorial market perspective

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.

Zoning & land use

Residential

Zoning

Zoning codeR-3
DescriptionResidential
JurisdictionTown of Lake Lure
Assessor useCondominium
Current useResidential

Research-indicated uses

  • Single Family
  • Multi Family
  • Short Term Rentals
Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.
Tax & sale history

Assessment data and recorded transactions.

Assessed value is kept visually separate from the CompCasa market-value estimate.

Tax assessment

Assessed improvements$275,800
Total assessed$275,800
Assessment year2025
Annual property tax$2,270
Tax year2025

Sale history

2020-09-04$200,000 · $127/SF
Rental market context

Rental references from the research record.

Context only—not an investment recommendation or guarantee of achievable rent.

Supporting lease references

01Monthly rent$3,500/mo
Property address155 Quail Cove Blvd Unit 1608, Lake Lure, NC 28746
2 bed2 bath1,924 sq ft$1.82/SF
Leased Jun 1, 2025
Subject difference
  • 506 SF larger
Research comparison noteSimilar unit with strong rental income during peak season.
02Monthly rent$3,200/mo
Property address155 Quail Cove Blvd Unit 1612, Lake Lure, NC 28746
2 bed2 bath1,470 sq ft$2.18/SF
Leased Jul 15, 2025
Subject difference
  • 52 SF larger
Research comparison noteRenovated unit with lake views, achieving high rental rates during summer months.
Research findings & due diligence

What the research supports — and what is still worth verifying.

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

Still worth verifying

Routine buyer due diligence items; these are not known defects.

  • Confirm HOA fees and any special assessments
  • Verify rental income statements and occupancy rates
  • Review property inspection reports for recent renovations
  • Assess market trends for Lake Lure to confirm valuation estimates
Highlights & features

What stands out about this property.

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
Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence
1
Compass listing for 155 Quail Cove BlvdView source
2
Realtor.com listing for 155 Quail Cove Blvd Unit 1605View source
3
Redfin listing for 155 Quail Cove BlvdView source
4
Howard Hanna listing for 155 Quail Cove Blvd Unit 1618View source
5
Zillow home values for Lake Lure, NCView source
6
Realtor.com market trends for Lake Lure, NCView source
Important: This analysis is AI-assisted and may contain inaccuracies. It is not a formal appraisal. Verify all critical facts with primary records, licensed professionals, and on-site inspection before making purchase decisions.