Sales comparison approach using recent sales of similar townhomes within Rumbling Bald Resort. Adjusted for renovations and rental income potential.
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.
See the properties helping shape the valuation.
Comparable sales
- 506 SF larger
- 4 years newer
- 52 SF larger
- Same year built
- Same living area
- Same year built
A 1984 townhome.
Building
Site & utilities
Rumbling Bald Resort
Researched nearby locations
Location
155 Quail Cove Blvd, Lake Lure, NC 28746
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.
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.
A factual market snapshot around 155 Quail Cove Blvd.
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.
Residential
Zoning
Research-indicated uses
- Single Family
- Multi Family
- Short Term Rentals
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- 506 SF larger
- 52 SF larger
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
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
Sources & research confidence.
See where the property research came from and how confidence varies by field.