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307 Watership Rd, Lake Lure, NC, 28746

4beds
3baths
2,400sqft
$490,000
$204price/sqft
$3,180/moest. monthly cost
$127,200/yrincome needed

About This Home

Tucked inside the gates of Rumbling Bald on Lake Lure, this inviting mountain retreat offers space, comfort, and a peaceful natural setting on .87 acres. Surrounded by mountain views, the property creates a true sense of escape while still being close to everything. Designed for both relaxation and gathering, the home features 4 bedrooms and 2.5 baths, including a main-level bedroom and full bath for added convenience. Each level offers its own space to unwind, from the cozy living room with a stone fireplace to the lower-level den and game room. Perfect for a game of pool, movie nights, or hosting guests. Updated decks provide multiple outdoor living areas in the serene natural setting. One deck area has easy access from the kitchen, ideal for morning coffee or evenings spent taking in the mountain air. After a day of exploring, unwind in the private sauna inside the home or retreat to the lower-level bonus space with a separate entrance. This bonus area is perfect for a workshop, art studio, or relaxed bar/lounge. Located just minutes from outdoor adventures like Chimney Rock State Park, hiking, rafting, and horseback riding, this home also includes access to Rumbling Bald’s sought-after amenities, including a private beach, wellness center, multiple pools, restaurants, cabana, and two championship golf courses. This mountain getaway was operating as a successful short-term rental and is offered fully furnished, including the pool table, making it a turnkey opportunity in one of Lake Lure’s most desirable gated communities. More than one photo has been virtually staged.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

4/10
Pinnacle Elementary SchoolGrades PK-510.5 mi
4/10
R-S Middle SchoolGrades 6-813.6 mi
4/10
R-S Central High SchoolGrades 9-1213.6 mi

Construction

Condition

  • Year built: 1980

Materials

  • Foundation: Stone
  • Roof: Metal
  • Construction materials: Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Electric Cooktop,Electric Oven,Electric Water Heater,Microwave,Refrigerator with Ice Maker,Washer/Dryer
  • Laundry features: Lower Level

Basement

  • Has basement: Yes
  • Basement: Basement Shop,Bath/Stubbed,Daylight,Exterior Entry,Storage Space,Walk-Out Access,Other

Bedroom S

  • Features: Vaulted Ceiling(s)
  • Level: Main
  • Area: 176
  • Dimensions: 16' 0" X 11' 0"

Bedroom S

  • Level: Third
  • Area: 182
  • Dimensions: 14' 0" X 13' 0"

Bedroom S

  • Features: Ceiling Fan(s),Vaulted Ceiling(s)
  • Level: Upper
  • Area: 195
  • Dimensions: 13' 0" X 15' 0"

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bedrooms: 1

Family Room

  • Features: Sauna,Walk-In Pantry
  • Level: Lower
  • Area: 382.4486
  • Dimensions: 23' 5" X 16' 4"

Features

  • Breakfast Bar,Built-in Features,Kitchen Island,Sauna,Walk-In Pantry
  • Door features: French Doors,Mirrored Closet Door(s),Sliding Doors
  • Window features: Insulated Windows,Skylight(s),Window Treatments
  • Flooring: Carpet,Tile
  • Fireplace features: Gas,Great Room,Living Room,Propane
  • Finished area below ground: 912
  • Finished area above ground: 1,488

Heating & Cooling

  • Heating features: Central,Electric,Heat Pump
  • Cooling features: Dual,Electric,Heat Pump,Zoned

Interior Area

  • Total structure area: 1,488
  • Total interior livable area: 2,400 sqft

Primary Bedroom

  • Features: Vaulted Ceiling(s)
  • Level: Upper
  • Area: 224
  • Dimensions: 16' 0" X 14' 0"

Workshop

  • Features: Storage,Wet Bar
  • Level: Lower
  • Area: 239.3586
  • Dimensions: 20' 8" X 11' 7"

Property

Details

  • Parcel number: 229953
  • Zoning: R3
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Main
  • Pool features: Community
  • Patio & porch: Balcony,Covered,Deck,Front Porch,Rear Porch,Side Porch
  • Spa features: Community
  • Has view: Yes
  • View description: Mountain(s),Winter
  • Waterfront features: Beach - Public,Boat Ramp – Community,Boat Slip (Lease/License),Paddlesport Launch Site - Community,Pier - Community,Retaining Wall
  • Waterbody name: Lake Lure

Lot

  • Lot size: 0.87 Acres
  • Features: Corner Lot,Rolling Slope,Wooded,Views

Parking

  • Total spaces: 6
  • Parking features: Driveway
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Strong Wind
Cold Wave
Landslide
Lightning
Tornado

FEMA Declared Disasters in Rutherford County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,477$29,724
Home Insurance *$156$1,872
Property Taxes $324$3,888
Electricity $223$2,682
Total$3,180$38,160
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$109,028/yr
40% on housing$95,400/yr
45% on housing$84,800/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 8.5%
8.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$204This listing

vs Other Active Listings

Avg $/sqft

ZIP 28746$284
Rutherford County$228

vs Homes Sold Last Month

Median $/sqft

ZIP 28746$284
Rutherford County$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-03Listed for sale$510,000
2014-07-23Sold$150,000
2014-06-18Price change$159,900
2014-06-12Price change$169,900
2014-05-18Price change$189,900
2014-05-07Price change$194,900
2014-03-12Listed for sale$199,900
2013-10-24Listing removed$139,900
2013-08-31Price change$139,900
2013-07-10Price change$149,900
2013-05-07Price change$169,900
2013-04-24Price change$179,900
2013-03-26Price change$189,900
2013-02-16Price change$199,900
2012-11-06Listed for sale$219,900
2012-04-26Sold$62,000
2012-02-17Price change$129,900
2012-01-07Price change$25,000
2011-12-11Price change$129,900
2011-11-21Price change$149,900
2011-10-22Price change$164,900
2011-09-26Price change$179,900
2011-08-11Price change$200,000
2011-06-05Listed for sale--

For Sale by Agent

AgentElizabeth Adorjan
BrokerageRumbling Bald Real Estate

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