$2,883,000
SOLD MAR 21, 2025

161 Waterside Dr Lake Lure, NC 28746

7 Beds
10 Baths
6,369 Sq Ft
8.69 Acres

Recently Sold

$453 Per Sq Ft

26% Below List Price

245 Days on Market

Highlights

  • Boathouse
  • Covered Dock
  • Boat Lift
  • Water Views
  • Golf Course Community
  • Community Cabanas

About This Home

As of March 2025

Overlooking Lake Lure and Rumbling Bald, this former boutique hotel and contemporary work of art offers breathtaking lake & mountain views from nearly every room. Stone patios w/ covered cook-center, gas grill, wood burning grill, sink, concrete countertops and hot tub. Each bedroom has a private full bath as well as access to a private stone patio or deck. The gourmet professional kitchen has 2 Sub-Zero refrigerator/freezers, a professional Viking 6-burner w/ grill cooktop with stainless hood, quartz countertops, center island with prep sink, lots of pantry space & half bath located just off the kitchen. The dining room provides views from the bank of glass windows & doors w/ease of access to the outdoor patio & kitchen. The great room w/25' ceilings, walls of glass windows & fireplace provide a lovely gathering area for multiple uses. Over 8 1⁄2 acres includes a masterfully designed boat house w/ stone seawall, deck, dock, & gazebo. See attached for full descrip & photos.

Last Agent to Sell the Property

Thomas McKay

Pinnacle Sothebys International Realty Brokerage Email: tom@pinnaclesir.com Listed on: 06/20/2024

Pinnacle Sothebys International Realty

Last Buyer's Agent

Thomas McKay

Pinnacle Sothebys International Realty Brokerage Email: tom@pinnaclesir.com Listed on: 06/20/2024

Pinnacle Sothebys International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • Private Lot
  • Wooded Lot
  • Property is zoned R1A

HOA Fees

  • $270 Monthly HOA Fees

Property Views

  • Water
  • Mountain

Home Design

  • Contemporary Architecture
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Bar Fridge
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room with Fireplace
  • Storage
  • Pull Down Stairs to Attic
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Bar
  • Built-In Double Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Fireplace in Primary Bedroom
  • Garden Bath

Laundry

  • Laundry in Mud Room
  • Washer and Dryer

Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • Driveway
  • 10 Open Parking Spaces

Accessible Home Design

  • Grab Bar In Bathroom
  • More Than Two Accessible Exits

Outdoor Features

  • Spa
  • Access To Lake
  • Waterfront has a Concrete Retaining Wall
  • Boat Lift
  • Boathouse
  • Covered Dock
  • Balcony
  • Patio
  • Outdoor Fireplace
  • Outdoor Kitchen
  • Terrace
  • Fire Pit
  • Shed
  • Front Porch

Schools

  • Lake Lure Classical Academy Elementary And Middle School
  • Lake Lure Classical Academy High School

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Heat Pump System
  • Power Generator
  • Propane

Listing and Financial Details

  • Assessor Parcel Number 1614899

Community Details

Overview

  • Rumbling Bald Poa
  • Rumbling Bald On Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • RV or Boat Storage in Community
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Cabanas
  • Community Indoor Pool
  • Putting Green
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

HOA Fees

$270 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Year Built: 1981
  • Restrictions: Architectural Review,Short Term Rental Allowed,Other - See Remarks
  • Restrictions Description: Parcel 1624032 is subject to Rumbling Bald POA with dues and restrictions, see comments. All other parcels are not subjected and POA architectural restrictions are not applicable.
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 452.66
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: tom@pinnaclesir.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Attic Stairs Pulldown, Breakfast Bar, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Pantry, Storage, Other - See Remarks
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 3266
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1475
  • Appliances: Bar Fridge, Dishwasher, Disposal, Double Oven, Exhaust Fan, Exhaust Hood, Gas Cooktop, Microwave, Oven, Refrigerator, Wall Oven, Washer/Dryer, Wine Refrigerator
  • Other Equipment: Generator, Other - See Remarks
  • Above Grade Finished Sq Ft: 4741
  • Accessibility Features: Two or More Access Exits, Bath Grab Bars
  • Has Basement: Daylight, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 8
  • Half Bathrooms: 2
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 1628
  • Fireplace Features: Fire Pit, Living Room, Outside, Primary Bedroom, Wood Burning, Other - See Remarks
  • Living Area: 6369
  • Bedroom Main: 1
  • Bedroom Basement: 3
  • Bedroom Third: 0

Exterior Features

  • Exterior Features: Fire Pit, Hot Tub, Outdoor Kitchen
  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Water, Year Round
  • Water Body Name: Lake Lure
  • Waterfront Features: Beach - Public, Boat House, Boat Lift, Covered structure, Boat Slip – Community, Paddlesport Launch Site - Community, Retaining Wall, Other - See Remarks
  • Construction Type: Wood
  • Other Structures: Shed(s), Other - See Remarks
  • Patio And Porch Features: Balcony, Front Porch, Patio, Terrace, Other - See Remarks

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Parking Features: Driveway, Parking Space(s), Other - See Remarks

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Mud Room, Utility Room
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air, Heat Pump
  • Utilities: Electricity Connected, Propane, Underground Power Lines
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Cabana, Clubhouse, Fitness Center, Golf, Indoor Pool, Outdoor Pool, Picnic Area, Playground, Putting Green, Recreation Area, RV/Boat Storage, Tennis Court(s), Walking Trails, Lake Access
  • Association Fee: 3244
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Rumbling Bald POA
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 3244.00

Schools

  • Middle Or Junior School: Lake Lure Classical Academy
  • HOA Subject To: Required

Lot Info

  • Lot Features: Private, Wooded, Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 1614899
  • Zoning: R1A
  • Additional Parcels Description: 1624032, 1620997, 231311
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1A

MLS Schools

  • Elementary School: Lake Lure Classical Academy
  • High School: Lake Lure Classical Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Mar 17, 2025
Sold by
Conlon Peter
Bought by
Kelsey I Nix Revocable Trust and Nix
Seller's Agent
Thomas McKay
Pinnacle Sothebys International Realty
Buyer's Agent
Thomas McKay
Pinnacle Sothebys International Realty
List Price
$3,895,000
Sold Price
$2,883,000
Premium/Discount to List
-$1,012,000
-25.98%
Views
271
Current Estimated Value
$2,798,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,745
Avg. Annual Appreciation
-3.45%

Purchase Details

Closed on
Oct 27, 2011
Sold by
Ivivi Lake And Mountain Lodge Llc
Bought by
Barnch Banking Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,883,000 None Listed On Document
Warranty Deed $2,883,000 None Listed On Document
Trustee Deed $1,077,600 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/21/2025 03/21/25 Sold $2,883,000 -17.5% $453 / Sq Ft
08/17/2024 08/17/24 Price Changed $3,495,000 -10.3% $549 / Sq Ft
06/20/2024 06/20/24 For Sale $3,895,000 +105.0% $612 / Sq Ft
02/25/2021 02/25/21 Sold $1,900,000 -20.7% $276 / Sq Ft View Prior Sale
01/26/2021 01/26/21 Pending -- -- --
06/04/2020 06/04/20 Price Changed $2,395,000 -12.9% $348 / Sq Ft
01/02/2020 01/02/20 For Sale $2,750,000 +44.7% $400 / Sq Ft
12/31/2019 12/31/19 Off Market $1,900,000 -- --
08/10/2018 08/10/18 For Sale $2,750,000 +205.6% $400 / Sq Ft
01/03/2012 01/03/12 Sold $900,000 -5.8% $131 / Sq Ft View Prior Sale
12/27/2011 12/27/11 Pending -- -- --
12/21/2011 12/21/11 For Sale $955,000 -- $139 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,829 $1,049,800 $253,600 $796,200
2024 $86 $1,049,800 $253,600 $796,200
2023 $12,320 $1,049,800 $253,600 $796,200
2022 $12,320 $1,087,500 $253,600 $833,900
2021 $12,331 $1,087,500 $253,600 $833,900
2020 $11,124 $1,087,500 $253,600 $833,900
2019 $10,407 $1,087,500 $253,600 $833,900
2018 $9,502 $982,600 $193,600 $789,000
2016 $8,676 $982,600 $193,600 $789,000
2013 -- $859,600 $193,600 $666,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4152754

Canopy MLS (Canopy Realtor® Association)

APN: 1614899