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    • $465,000

    517 Luther Burbank Dr, Lake Lure, NC 28746

    2beds
    1,107sqft
    Single Family Residence
    Built in 2019
    1.39 Acres Lot
    $460,900 Zestimate®
    $420/sqft
    $1,724 Estimated rent

    Home value

    $460,900

    $438,000 - $484,000

    $1,724/mo

    Zestimate® history
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    What's special

    Welcome to 517 Luther Burbank Dr in beautiful Lake Lure — a proven successful vacation rental being sold fully furnished and completely turnkey, and was built and designed with the intention of hosting guests. Whether you’re looking for an income-producing investment property, a mountain getaway, or both, this charming home is ready to start generating revenue from day one. This bright and airy, well-maintained 2-bedroom, 2 full bathroom home offers the perfect blend of comfort, privacy, and outdoor living. Stunning mountain views can be appreciated from multiple rooms in the home. Guests and owners alike will love the spacious wraparound deck on the main level, ideal for relaxing, entertaining, or enjoying the peaceful and private setting. Upstairs, the primary loft style bedroom features its own east facing private deck, creating the perfect spot for a beautiful sunrise or unwinding in the evening and watching the sun set over Party Rock mountain. There is a full, unfinished basement that is ready to be finished easily with pre plumbed pipes installed, multiple windows, tall ceilings, and sliding door access to the yard. Outside, the property features a large yard with plenty of space to enjoy the outdoors, along with a hot tub and fire pit that make this home especially appealing as a vacation destination year-round. Conveniently located near all that Lake Lure and Chimney Rock have to offer, this property is a rare opportunity to own a successful short-term rental in one of Western North Carolina’s most sought-after mountain destinations. All roads leading to the home are maintained by the DOT and Town of Lake Lure. Currently using Starlink for high speed internet and have fantastic connectivity. 5 minutes to Morse Park, Lake Lure public beach, La Strada, Grey Hawk, and other great restaurants. 8 minutes to Chimney Rock Village and Chimney Rock State Park

    Zillow last checked:

    Listing updated:

    Listed by:

    Mike Szabo michael.szabo@exprealty.com,

    EXP Realty LLC

    Bought with:

    Todd Westover

    Agent Group Realty LLC

    Misty Westover

    Agent Group Realty LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4383872MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bedrooms: 1
    Primary bedroom
    • Features: Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
    • Level: Upper
    Bedroom s
    • Features: Ceiling Fan(s)
    • Level: Lower
    Bathroom full
    • Level: Upper
    Bathroom full
    • Level: Lower
    Basement
    • Level: Basement
    Dining area
    • Level: Lower
    Kitchen
    • Features: Open Floorplan, Vaulted Ceiling(s)
    • Level: Lower
    Living room
    • Features: Cathedral Ceiling(s), Ceiling Fan(s), Vaulted Ceiling(s)
    • Level: Lower
    Heating
    • Central, Electric, Forced Air, Heat Pump
    Cooling
    • Ceiling Fan(s), Central Air, Electric
    Appliances
    • Included: Dishwasher, Dryer, Electric Oven, Electric Range, Exhaust Fan, Freezer, Microwave, Oven, Refrigerator, Washer, Washer/Dryer
    • Laundry: In Basement
    Features
    • Flooring: Wood
    • Doors: Insulated Door(s), Screen Door(s), Sliding Doors
    • Basement: Exterior Entry,Full,Storage Space,Unfinished,Walk-Out Access,Walk-Up Access
    • Fireplace features: Fire Pit, Gas Log
    Interior area
    • Total structure area: 1,107
    • Total interior livable area: 1,107 sqft
    • Finished area above ground: 1,107
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Covered, Deck, Front Porch, Patio, Porch, Rear Porch, Side Porch, Wrap Around
    • Exterior features: Fire Pit
    • Has spa: Yes
    • Spa features: Heated
    • Has view: Yes
    • View description: Long Range, Mountain(s), Winter, Year Round
    Lot
    • Size: 1.39 Acres
    • Features: Corner Lot, Green Area, Sloped, Wooded, Views
    Details
    • Parcel number: 1652164
    • Zoning: RES
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame,Cabin
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Log
    Condition
    • New construction: No
    • Year built: 2019

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: City
    • Utilities for property: Propane, Underground Utilities

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    • Subdivision: Chimney Rock Mountains
    Location
    • Region: Lake Lure
    • Elevation: 1000 Feet

    Financial & listing details

    • Price per square foot: $420/sqft
    • Tax assessed value: $403,900
    • Date on market: 5/20/2026
    • Cumulative days on market: 5 days
    • Listing terms: Cash,Conventional
    • Road surface type: Gravel

    Price history

    DateEventPrice
    6/17/2026Sold$465,000+1.1%$420/sqft
    Source: Canopy MLS as distributed by MLS GRID #4383872 Report a problem
    5/25/2026Contingent$460,000$416/sqft
    Source: eXp Realty #4383872 Report a problem
    5/20/2026Listed for sale$460,000$416/sqft
    Source: Canopy MLS as distributed by MLS GRID #4383872 Report a problem
    2/6/2026Listing removed$2,500$2/sqft
    Source: Zillow Rentals Report a problem
    1/8/2026Listed for rent$2,500+8.7%$2/sqft
    Source: Zillow Rentals Report a problem
    6/18/2025Listing removed$2,300$2/sqft
    Source: Zillow Rentals Report a problem
    5/26/2025Price change$2,300-4.2%$2/sqft
    Source: Zillow Rentals Report a problem
    5/22/2025Price change$2,400-4%$2/sqft
    Source: Zillow Rentals Report a problem
    5/2/2025Price change$2,500-9.1%$2/sqft
    Source: Zillow Rentals Report a problem
    4/10/2025Listed for rent$2,750$2/sqft
    Source: Zillow Rentals Report a problem
    3/31/2025Listing removed$2,750$2/sqft
    Source: Zillow Rentals Report a problem
    3/13/2025Listed for rent$2,750$2/sqft
    Source: Zillow Rentals Report a problem
    2/12/2025Listing removed$2,750$2/sqft
    Source: Zillow Rentals Report a problem
    1/5/2025Price change$2,750-8.3%$2/sqft
    Source: Zillow Rentals Report a problem
    1/2/2025Listed for rent$3,000$3/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $403,900
    2024$3,664 +0.1%$403,900
    2023$3,659 +42.4%$403,900 +77.7%
    2022$2,570 -0.1%$227,300
    2021$2,572 +10.9%$227,300
    2020$2,320 $227,300 +1115.5%
    2019-- $18,700 -65.2%
    2018-- $53,700
    Find assessor info on the county website

    Neighborhood: 28746

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lake Lure Classical Academy
    • Middle: Lake Lure Classical Academy
    • High: Lake Lure Classical Academy

    Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

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