Active

Price cut: $15K (7/14)

$299,999

721 Old Mill Rd, Lake Lure, NC 28746

2beds

960sqft

$1,779/mo

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Single Family Residence

Built in 2020

3 Acres Lot

$-- Zestimate^®

$312/sqft

$-- HOA

What's special

Newer mini-split systems

Situated on 3 private UNRESTRICTED acres, in a prime location between Lake Lure and Rutherfordton, this versatile property features a 2-bedroom, 1-bath home and offers the freedom to create, expand, or invest without restriction. Whether you're envisioning a full-time residence, short-term rental, mini-farm, hunting cabin or future development, the potential here is truly unlimited. Added value and peace of mind come from the newer mini-split systems and a strong-producing well with an estimated output of 50–55 gallons per minute. Enjoy the perfect balance of convenience and privacy, with easy access to both Lake Lure and Rutherfordton while still surrounded by peaceful, natural beauty. Opportunities like this, unrestricted land in such a desirable location, are increasingly hard to find. Bring your vision and make it your own!

89 days

735

40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Primary bedroom

Level: Main

Bedroom s

Level: Main

Bathroom full

Level: Main

Heating

Ductless

Cooling

Ductless

Appliances

Included: Dishwasher, Electric Oven, Microwave, Refrigerator, Washer/Dryer
Laundry: Laundry Room, Main Level

Features

Flooring: Vinyl
Has basement: No

Interior area

Total structure area: 960
Total interior livable area: 960 sqft
Finished area above ground: 960
Finished area below ground: 0

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Property

Parking

Total spaces: 6
Parking features: Driveway
Uncovered spaces: 6

Features

Levels: One
Stories: 1
Patio & porch: Deck

Lot

Size: 3 Acres

Details

Parcel number: 1642800
Zoning: none
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: None

Condition

New construction: No
Year built: 2020

Utilities & green energy

Sewer: Septic Installed
Water: Well

Community & HOA

Community

Subdivision: none

Location

Region: Lake Lure

Financial & listing details

Price per square foot: $312/sqft
Tax assessed value: $322,100
Date on market: 4/30/2026
Cumulative days on market: 90 days
Listing terms: Cash,Conventional
Road surface type: Gravel, Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/14/2026	Price change	$299,999-4.8%$312/sqft
Source: Canopy MLS as distributed by MLS GRID #4376955 Report a problem
7/9/2026	Price change	$315,000-3.1%$328/sqft
Source: Canopy MLS as distributed by MLS GRID #4376955 Report a problem
6/18/2026	Price change	$325,000-5.8%$339/sqft
Source: Canopy MLS as distributed by MLS GRID #4376955 Report a problem
5/16/2026	Price change	$345,000-1.4%$359/sqft
Source: Canopy MLS as distributed by MLS GRID #4376955 Report a problem
5/1/2026	Listed for sale	$350,000$365/sqft
Source: Canopy MLS as distributed by MLS GRID #4376955 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$322,100
2024	$1,704	$322,100
2023	$1,704 +42.6%	$322,100 +81.2%
2022	$1,195 +0.7%	$177,800
2021	$1,186 +94.1%	$177,800 +94.1%
2020	$611	$91,600
2019	--	$91,600
2018	$611	$91,600
2016	$611	$91,600
2013	$611	$91,600

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28746

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

4/10
Pinnacle Elementary School
Grades: PK-5Distance: 6.6 mi
4/10
R-S Middle School
Grades: 6-8Distance: 8.9 mi
4/10
R-S Central High School
Grades: 9-12Distance: 8.8 mi

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.