$425,000
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
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.
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.
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.
R-S Central High School
High · 10-15 mi
R-S Middle School
Middle · 10-15 mi
Pinnacle Elementary School
Elementary · 10-15 mi
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.
Renovated townhome in a premier resort community with strong rental history and access to extensive amenities, offering both personal enjoyment and income potential.
Buyers should conduct independent due diligence before making any purchase decisions.
Low
$400K
Midpoint
$425K
High
$450K
$300/SF estimated price per square foot
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.
Lake Lure area has seen steady growth in tourism and vacation home ownership, contributing to a robust short-term rental market.
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.
Market data is based on aggregated public records and may not reflect real-time conditions.
Allowed Uses
$127/SF
Sale recorded in public records
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