721 Old Mill Rd, Lake Lure, NC, 28746
About This Home
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. 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!
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 2020
Materials
- Foundation: None
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Oven,Microwave,Refrigerator,Washer/Dryer
- Laundry features: Laundry Room,Main Level
Bathroom Full
- Level: Main
Bedroom S
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Features
- Flooring: Vinyl
- Finished area below ground: 0
- Finished area above ground: 960
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total structure area: 960
- Total interior livable area: 960 sqft
Primary Bedroom
- Level: Main
Property
Details
- Parcel number: 1642800
- Zoning: none
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Lot size: 3 Acres
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
- Ice Storm
- Strong Wind
- Cold Wave
- Landslide
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Rutherford County and North Carolina
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $95 | $1,140 |
| Property Taxes | $126 | $1,512 |
| Electricity | $200 | $2,405 |
| Total | $1,937 | $23,244 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $350,000 |
For Sale by Agent
View on Zillow