Property listing for 2742 Hwy 268 Hwy, Lenoir, NC 28645
ActiveSingle Family Home

$349,900

2742 Hwy 268 Hwy, Lenoir, NC 28645

Riverside Bungalow on 3 Acres with River & Mountain Views

3 Bed · 2 Bath · 1,320 Sq Ft

Turnkey 3-bed, 2-bath home with Yadkin River frontage and updated systems.

3

Beds

2

Baths

1,320

Sq Ft

1948

Built

3.0 acres

Lot

No garage; outbuilding and ample driveway / yard parking

Garage

About 2742 Hwy 268 Hwy

A rare slice of riverside living just outside Lenoir — this updated bungalow sits on 3.0 acres with direct frontage on the Yadkin River and long mountain views. The home’s efficient single-level layout (approximately 1,320 sq ft) includes a spacious living area that flows into a large, well-appointed kitchen with generous cabinetry. Hardwood floors have been refinished, walls freshly painted, and the floorplan offers three bedrooms plus a versatile bonus room that can serve as an office, nursery, or luxury walk-in closet off the primary suite.

The primary suite features a large walk-in shower with built-in bench and direct access to the covered back deck — a perfect spot to unwind while watching sunset colors behind the ridgeline. Practical upgrades make this property move-in ready: a metal roof provides long-term durability, a newer heat pump covers year-round comfort, and a recently replaced septic tank reduces near-term infrastructure concerns. A large mud/laundry room off the kitchen keeps daily life organized and connects to the full-length covered rear porch overlooking the river and valley.

Outside, the level yard flows to a scenic riverside seating area with picnic table and fire pit where evenings are spent listening to the current and enjoying privacy and wildlife. An outbuilding provides storage for tools, toys, or small equipment. The parcel’s size and flat usable acreage make it well-suited for gardening, small-scale homesteading, or creating additional outdoor amenities. Seller indicates willingness to also sell a neighboring unfinished home and acreage if a buyer seeks a larger holding — ask agent for details.

This property is an excellent choice for buyers seeking a turnkey country retreat with authentic riverfront character and practical updates. Schedule a showing to walk the grounds and experience why riverside properties in the Happy Valley / Yadkin corridor are highly sought after.

Home Highlights

Direct Yadkin River frontage — private riverside seating & fire pitMetal roof and newer heat pump & septic — reduced near-term maintenanceLevel, usable **3.0 acre** lot with outbuildingRefinished hardwood floors and fresh interior paintBonus room adjacent to primary suite for flexible use

Property Features

Interior Features

  • 3 bedrooms, 2 full bathrooms
  • Approximately 1,320 sq ft single-story living
  • Refinished hardwood floors
  • Large kitchen with extensive cabinetry and storage
  • Primary suite with walk-in shower and built-in seat
  • Bonus room adaptable as office, nursery, or closet
  • Mud/Laundry room adjacent to kitchen

Exterior & Lot

  • 3.0 acres of level, usable land
  • Direct frontage on the Yadkin River
  • Full-length covered back deck and covered front porch
  • Metal roof (updated)
  • Outbuilding for storage or workshop
  • Riverside picnic / fire pit area

Location & Neighborhood

  • Rural Happy Valley / Yadkin River area — country lifestyle with mountain views
  • Approximately minutes to Lenoir services (groceries, dining, physician services)
  • Within Caldwell County Schools
  • Easy access to regional recreation areas and the High Country

Walkability & Recreation

  • Walkability Rating: 22/100
  • Direct access to river-based recreation (fishing, small-craft boating)
  • Nearby hiking and mountain scenery (short drive)
  • Quiet rural roads for biking and outdoor pursuits

Neighborhood & Location

The Happy Valley/Yadkin River corridor near Hwy 268 is a rural, scenic stretch of Caldwell County where river access, pocket farmland and low-density residential lots dominate. Properties generally attract buyers seeking outdoor recreation, privacy, and a slower pace while maintaining a manageable drive to Lenoir’s services. Neighbors are a mix of long-time residents, hobby farmers, and weekend retreat owners.

Market Insights

This property sits in the rural edges of Lenoir within Caldwell County, a market that has shown steady but modest appreciation over recent years. Median home prices across the area are generally lower than larger nearby metros, but riverfront and mountain-view parcels routinely command premiums. Inventory in the market is balanced to slightly favor buyers, which explains a longer days-on-market for specialty rural listings. For sellers: targeted marketing to outdoor lifestyle buyers, local second-home buyers from the High Country, and Browning/boating enthusiasts typically produces the best results. For buyers: value is found when a property combines usable acreage with updated systems — both are present here. Expect local median sales near the mid-$200k range, with a premium for waterfront parcels reflected in this listing’s pricing.

Nearby Schools

Happy Valley Elementary

Elementary · 3-6 mi (estimate)

6/10

Gamewell Middle School

Middle · 6-10 mi (estimate)

6/10

Hibriten High School

High · 6-12 mi (estimate)

7/10

Walkability & Recreation

22
Walkability
85
Recreation

Excellent on-site river recreation (fishing, picnics, river access) and close to mountain trails; strong outdoor lifestyle appeal.

Investment Highlights

  • Direct Yadkin River frontage — rare in local inventory.
  • Level, usable **3.0-acre** parcel suitable for gardening, outbuildings, or recreational use.
  • Recent mechanical & exterior updates: metal roof, newer heat pump, newer septic tank.
  • Turnkey interior with refinished hardwood floors and fresh paint.
  • Strong lifestyle appeal to buyers seeking river access and mountain sunsets.

Key Findings

  • 3 bedrooms, 2 baths, **1320 sq ft** — efficient single-story floorplan.
  • Listed at **$349,900**; AVM close to list at **$349,651** (Redfin AVM).
  • Property contains **3.0 acres (130,680 sq ft)**, per listing data.
  • Newer systems reduce near-term capex risk (roof, heat pump, septic).
  • On-market for 191 days — indicates niche demand; targeted marketing required.

Things to Consider

  • River frontage likely places parts of parcel in a FEMA flood zone — verify flood maps and insurance implications.
  • Rural utilities: water source and electric provider should be confirmed; resale may be impacted if well or off-grid systems require maintenance.
  • Long days on market suggest buyers are selective; price sensitivity exists for rural riverfront listings in this market.

Opportunity Analysis

Buyers seeking lifestyle property—river access, equestrian/homestead potential, or a turnkey weekend retreat—will value this parcel above standard Lenoir inventory. Improvements have reduced immediate capital needs, and marketing to niche buyers (outdoor enthusiasts, small hobby farmers, remote workers) should shorten time to contract.

Potential Use Scenarios

  • Market to lifestyle buyers and waterfront enthusiasts with photos/video of river frontage and sunset views.
  • Obtain a flood-plain determination and include it in disclosures to remove buyer uncertainty.
  • Consider bundling with the neighboring acreage property (seller indicated willingness) to target buyers seeking larger holdings.
  • Price for quick sale: consider small reduction or buyer-credit for flood insurance if market feedback remains slow.

Risk Factors

  • Flood insurance costs and site-specific flood zone restrictions could limit lender availability and buyer pool.
  • Rural buyers often require verification of well/water quality and septic performance — potential negotiation points.
  • Specialty property — niche market increases marketing time and expense.

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

AI Valuation Estimate

Low

$330K

Midpoint

$350K

High

$370K

$265/SF estimated price per square foot

65% confidence

Estimate anchored to asking price **$349,900**, subject-level characteristics (river frontage, **3.0 acres**, updates) and general market context for Lenoir/Caldwell County. No live MLS comparable search performed; adjust after due diligence.

As of 2026-03-14

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$240,000
Avg Days on Market60 days
Inventory4.5 months
1-Year Appreciation+300.0%

Demographics

Population (1 mi)2,500
Median Income (1 mi)$42,000

Rural/semirural area — steady but modest population growth. Demand for riverfront and mountain-view parcels remains niche and stable.

Nearby Points of Interest

  • Yadkin River (on-property)
  • Happy Valley mountains (views, <5 mi)

Property offers direct river access and mountain views; approximately 10-15 minutes to Lenoir town services (groceries, dining), and roughly 30–60 minutes to larger High Country recreation centers. Good access to local outdoor recreation (fishing, kayaking, hiking).

School District

DistrictCaldwell County Schools
ElementaryHappy Valley Elementary (Caldwell County Schools) — estimated rating 6/10
MiddleGamewell Middle School (Caldwell County Schools) — estimated rating 6/10
HighHibriten High School (Caldwell County Schools) — estimated rating 7/10

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

Property Details

Building Details

Year Built1948
Constructionwood frame (likely) with brick/wood exterior elements
Stories1
Roofmetal roof (updated)
Heatingheat pump (newer, per listing)
Coolingheat pump (AC)
Basementnone
FireplaceNo
Conditiongood

Lot & Site

Lot Size3 acres (130,680 SF)
Topographylevel
Parkingdriveway_and_surface_parking
Parking Spaces6
FrontageDirect frontage on the Yadkin River per listing description; level yard down to riverside.

Utilities

Waterlikely well (not municipal) — listing does not list municipal water; confidence moderate
Sewerseptic (newer septic tank reported)
Electriclikely Duke Energy (regional utility) or local co-op — verify
Gaslikely bottled propane or none (rural property) — verify

Zoning & Land Use

DescriptionRural Residential / Agricultural county zoning likely (single-family residential, accessory structures, agricultural uses permitted).
JurisdictionCaldwell County

Allowed Uses

Single family residenceAccessory outbuildings (barns, sheds)Agriculture / homesteadingPossible limited commercial/agricultural activities depending on county rules
Current Useresidential

Tax & Sale History

Tax Assessment

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