Lake Lure Real Estate
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History of Lake Lure



Image Hickory Nut Gorge, which now cradles Lake Lure at its lowest point, has long been known for its year-round gentle climate. Thanks to its sheltering peaks, the lower gorge enjoys warmer winters (avg. low: 30 degrees , avg. snow: 2 inches) and cooler summers (avg. high: 90 degrees) ) than nearby areas. And the autumn foliage is breathtaking on its rugged mountain slopes!

The beauty of the gorge is evident in all seasons, with its sheer rock cliffs, lush hardwood forests, ephemeral wildflowers, and countless waterfalls along its rushing mountain streams. What may be less obvious to the untrained eye are the rich ecological treasures to be found in distinct niche environments at various elevations among its rocky outcrops and deep, forested coves. The best known is Bat Cave, the longest fissure cave in North America, with its resident populations of federally endangered Indiana bats and rare green salamanders. Lesser-known treasures of the gorge include 37 species of rare plants, such as the federally endangered white irisette, and occasional sightings of such rare bird species as the peregrine falcon, the cerulean warbler, and the American bald eagle.

Early in the 20th century, Dr. Lucius B. Morse was drawn here for reasons of health. He purchased Chimney Rock as a tourist attraction, developed the overlooks and first hiking trails of Chimney Rock Park, and dreamed of enhancing its spectacular mountain setting by creating an upscale resort community around a manmade lake. He envisioned a population of 40,000, 10 hotels, a yacht club, botanical gardens, an amusement park, four golf courses, fairgrounds, a racetrack and an airport. But shortly after the dam was completed to create his lake, the Great Depression took place, and the development of Lake Lure was sidelined.

While Dr. Morse's grand plan did not survive those hard times, Lake Lure and his 1,000 acre Chimney Rock Park have survived, and the small-town quality of life and the deep-forest feel of the surrounding area have remained largely unchanged.


The Present

PPF Today, the Town of Lake Lure owns and controls the lake, shoreline, and dam, and though it does generate hydroelectric power for sale, the town maintains a fixed water level year-round for the pleasure and convenience of residents, vacationers, and tourists. It is a quiet, safe lake, loved for fishing, water sports, and peaceful sunset cruises. Water skiing is allowed during the day, but by town ordinance the entire lake is a no-wake zone from an hour past sunset to an hour before dawn. And apart from a dozen grandfathered exceptions, jet skis are forbidden!

Lake Lure has a full-time population of 1,000, with as many as 10,000 visitors throughout the tourist season (Memorial Day through November 1). Residential development has progressed around the lake's edge - including the Fairfield neighborhood, with two championship 18-hole golf courses, four tennis courts, and two swimming pools - but the 720-acre lake, with its 20-mile shoreline, is still heavily wooded, and the scale of most residences is appropriate.

In addition to the lake, visitors come to the area for spectacular mountain scenery, for hiking trails and horseback riding, and for such nearby attractions as the Biltmore estate, the craft shops of Asheville, the antique shops of Hendersonville, the Blue Ridge Parkway, and Cherokee, the home of the eastern Cherokee Indian tribe. Lodging, dining, and shopping options in the immediate area include the 1926 Lake Lure Inn and adjacent Conference Center, a range of restaurants, several bed and breakfast inns, cottages and cabins, and a variety of specialty shops in the Village of Chimney Rock.


The Future

Image Each week, more families from Atlanta, Charleston, and Charlotte are discovering how convenient Lake Lure can be for a weekend getaway. Many present and future retirees are moving here, to the "Isothermal Belt," rather than face the summers of Florida or the winters of points further north.

While property values at Lake Lure have appreciated significantly in the past few years, purchase costs and the associated tax burden are still lower than in many other comparable recreation areas. As of this date, lakefront lots are available for sale in the range of $240,000-$400,000, and homes on the water can be purchased for $300,000 and up.


Neighborhoods of Lake Lure



Town of Lake Lure

Amenities
PPF3 The town has a sandy beach, a variety of water-based entertainments, rental boats, tennis courts, a park near the water, and a gazebo. Town limits include all of the lake and shoreline, and a significant portion of the land on the south and west of the lake - including some areas of the other "neighborhoods" described below.

Resources
There are several bed-and-breakfast inns, a hotel, a variety of restaurants, two gas stations, three convenience stores, a beauty parlor, a general medical practice, an ABC store, and two marinas. There are churches of several denominations in the town limits.

Housing
Many of the homes close to the beach and town center date from the 1930's. Some have evolved from humble fishing cabins, while others remain unchanged. Current zoning laws prohibit mobile homes, but some were grandfathered inside the town limits. Many new homes are being built in locations which might have been declared "unbuildable" a few years ago. Most of the roads in the town limits are paved. Home prices range from $50,000 up, depending on the distance from the lake. Property taxes for the county and town combined are approx. $950.00 per $100,000.00 of appraised value.


Haynes Hill Estates

Amenities
border This new gated community surrounds the restored Mission-style Haynes Hill mansion on a deeply forested hillside above the beach and town center. It offers generous building sites with environmentally sensitive landscaping and forest thinning to provide both privacy and spectacular lake and mountain views. Streets are paved, utilities are underground, and private boat slips are provided for property owners.

Resources
This is a strictly residential area, but the resources of the Town of Lake Lure are conveniently nearby.

Housing
The community features custom-designed single-family homes in harmonious Mission and Arts and Crafts architectural styles. Homesites begin at $195,000.


Lake Lure Golf & Beach Resort/Fairfield Mountains

Amenities
Youngs This gated resort community on the north shore of Lake Lure has two 18-hole championship golf courses, several restaurants, four lighted tennis courts, indoor and outdoor pools, miniature golf, trout streams, two private lakes, hiking trails, and a private marina providing rental boats and slips for property owners. There is also a nearby company offering ATV tours, and another providing horse rentals.

Resources
There are two grocery stores, an Italian restaurant, a gas station, and an small medical center. One inter-denominational church is located within the Fairfield community.

Housing
There are many condominiums and townhouses in this community, as well as single-family homes. Since many of the residents are retired, some of these homes are very upscale. Some are located outside the gated community. All of the roads are paved. Prices range from $40,000 efficiency condominiums to $1,000,000+ homes. Lots that include use of the amenities can be purchased for less than $10,000. Prices for lakefront lots are in the $250,000+ range. Property Owners Association dues are $938-$1286 per year.


Pierpoint

Amenities
Image This modest development, with a wealth of mature trees, is conveniently located on the eastern shore of Lake Lure between Lake Lure Golf & Beach Resort and the dam. Many of the homesites enjoy great views of the lake to the west. Even the non-lakefront properties have boatslips and the grassy common area adjacent to the docks is available for picnicking. The roads are paved and the utilities underground.

Resources
Pierpoint is strictly a residential neighborhood.

Housing
There are currently nine homes in this community, ranging from a 2-bedroom 2-bath log cabin to much larger homes. Several reasonably-priced building lots are also available. Annual dues for the maintenance of the roads and the common areas have traditionally been very low.


Lake Lure Village Resort

Amenities
Image 04 This gated community, north of the main channel of the lake, has a laid-back atmosphere, with many recreational areas owned jointly by the community. This includes a marina, swimming area, and "common" areas for picnicking, etc.

Resources
Lake Lure Village Resort is strictly a residential neighborhood.

Housing
Most homes in Lake Lure Village Resort are single-family homes. There are a few "duplex efficiency apartments" which occasionally come on the market but are sold very quickly. The roads here are gravel. Prices in this neighborhood begin in the $150,000 range. Lots are available in the mid-twenties.


Lurewoods

Amenities
Image 6 Lurewoods and related developments along the north shore of the main channel of the lake are oriented to owners of single-family homes. There are plans to build at least two docks for community use.

Resources
This is strictly a residential area, but the resources in the Town of Lake Lure are nearby.

Housing
Most of the homes in this upscale neighborhood have been built within the last 4 years. Lot sizes are significantly larger here than in other neighborhoods around the lake. Roads in Lurewoods are also paved. Prices for homes on the water are in excess of $400,000.


Chimney Rock Village

Amenities
rock The quaint Village of Chimney Rock is tucked along the Rocky Broad River at the foot of world-famous Chimney Rock Park. This bustling area includes shops and restaurants of all descriptions and the gateway to Chimney Rock Park which hosts over 250,000 visitors a year.

Resources
Churches of several denominations serve this area.

Housing
here are many wonderful cottages here that families have used for years to escape from the pressures of big city living. Roads vary widely from small trails just wide enough for 2 cars to a 2-lane highway known as Highway 64, 74A and 9. Home prices begin at less than $100,000. Prices for homes and building sites vary widely depending on whether the zoning is commercial or residential.


Riverbend

Amenities
PPF 6 Riverbend, located in heavily forested foothills to the east of Lake Lure, has two private lakes for fishing, boating, picnicking and swimming. A stretch of the Rocky Broad River flows through this section for tubing and swimming.

Resources
The Town of Lake Lure and other neighboring communities provide resources for Riverbend. Churches of several denominations are located adjacent to the development.

Housing
Riverbend offers single-family homes in wide variety. Most are on heavily wooded properties located some distance from their neighbors. Roads are unpaved gravel. Home prices range from less than $100,000 to $350,000. Lot prices begin in the $10,000 range. Property Owners Association dues are $240.00 per year.


Other Nearby Communities

PPF 7Bat Cave, Gerton, Edneyville, and Bill's Creek.
If you have any questions or would like more information, please contact us
828-625-9439, 828-625-5242, email us, or use our online request form.
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