$889,000
SOLD MAR 18, 2025

438 Lakewood Dr Lake Lure, NC 28746

3 Beds
3.5 Baths
2,437 Sq Ft
0.69 Acres

Recently Sold

$365 Per Sq Ft

1% Below List Price

1 Day on Market

Highlights

  • Assigned Boat Slip
  • Access To Lake
  • Waterfront
  • Community Cabanas
  • Fitness Center
  • 4-minute walk to Chimney Rock Park

About This Home

As of March 2025

Turnkey lakefront retreat ready for immediate enjoyment! The inviting open floor plan is comfortable and stylish. The spacious main level primary suite features two closets and an ensuite bath. The chef’s kitchen is fully equipped with top-tier appliances — ideal for entertaining. Outdoor relaxation is effortless with a massive screened porch on the main level and two decks off the basement, all offering serene lake views. Just steps from the home, your private dock and 167 feet of lake frontage provide direct access to Shumont Lake. Whether you love kayaking, canoeing, fishing, or stand-up paddleboarding, this non-motorized lake offers the perfect setting to soak in the natural beauty. Nestled in a private setting with a fenced yard, this home also provides access to Rumbling Bald’s premier amenities, including a community beach, two golf courses, multiple pools, a fitness center, spa, marina, tennis courts, restaurants, and walking trails — all just a golf cart ride away!

Last Agent to Sell the Property

Paul Watler

Allen Tate/Beverly-Hanks, Lake Lure Brokerage Email: paulw@beverly-hanks.com License #326484 Listed on: 02/26/2025

Last Buyer's Agent

Kelly Erin-Spinney

Keller Williams Professionals License #266701

Keller Williams Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,926

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 293 x 236
  • Waterfront
  • Back Yard Fenced
  • Wooded Lot
  • Property is zoned R-1C

HOA Fees

  • $405 Monthly HOA Fees

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Wired For Data
  • Ceiling Fan
  • Family Room with Fireplace
  • Screened Porch
  • Water Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Parking

  • Driveway
  • 2 Open Parking Spaces

Outdoor Features

  • Access To Lake
  • Assigned Boat Slip
  • Balcony
  • Fire Pit

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • Propane
  • Community Well
  • Septic Tank
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 1625561

Community Details

Overview

  • Liz Geary Association, Phone Number (828) 694-3071
  • Rumbling Bald On Lake Lure Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Sauna
  • Clubhouse

Recreation

  • Tennis Courts
  • Sport Court
  • Indoor Game Court
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Cabanas
  • Community Spa
  • Putting Green
  • Dog Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,926

Year Built

Built in 2014

Lot Details

0

HOA Fees

$405 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2014
  • Restrictions: Architectural Review,Building,Deed,Livestock Restriction,Manufactured Home Not Allowed,Modular Not Allowed,Short Term Rental Allowed,Square Feet,Subdivision,Use
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 364.79
  • Geocode Confidence: High
  • Attribution Contact: paulw@beverly-hanks.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Interior Amenities: Kitchen Island, Open Floorplan, Storage, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1375
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Oven, Exhaust Hood, Freezer, Gas Oven, Gas Range, Microwave, Refrigerator, Washer/Dryer, Wine Refrigerator
  • Above Grade Finished Sq Ft: 1375
  • Has Basement: Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1062
  • Fireplace Features: Family Room, Wood Burning Stove
  • Living Area: 2437
  • Bedroom Main: 1
  • Room Count: 9
  • Bedroom Basement: 2

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Back Yard
  • View: Water, Year Round
  • Water Body Name: Lake Shumont
  • Waterfront Features: Beach - Public, Boat Ramp – Community, Boat Slip (Lease/License), Boat Slip – Community, Paddlesport Launch Site - Community
  • Waterfront Elevation: 1000
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Balcony, Covered, Screened, Side Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Laundry Closet, Main Level
  • Security: Carbon Monoxide Detector(s), Security Service, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Electricity Connected, Fiber Optics, Propane, Underground Power Lines, Underground Utilities, Wired Internet Available
  • Water Source: Community Well

Condo/Co-op/Association

  • Community Features: Cabana, Clubhouse, Dog Park, Fitness Center, Game Court, Hot Tub, Lake Access, Picnic Area, Playground, Putting Green, Recreation Area, RV Storage, Sauna, Sport Court, Tennis Court(s), Walking Trails, Other
  • Association Fee: 4854
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Liz Geary
  • Phone: 828-694-3071
  • ResoAssociationFeeFrequency: Annually
  • Association Email: lgeary@rumblingbald.com

Association/Amenities

  • Association Annual Expense: 4854.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Features: Wooded, Waterfront
  • Lot Size Area: 0.69
  • Lot Size Units: Acres
  • Parcel Number: 1625561
  • Plat Book Slide: 18/35
  • Horse Amenities: None
  • Lot Size: 293 x 236
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R-1C

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 26, 2025
Closed on
Mar 15, 2025
Sold by
Cassaro Barbara and Vento Frank
Bought by
Mermigas Gregory and Harsnett Stephen
Seller's Agent
Paul Watler
Allen Tate/Beverly-Hanks, Lake Lure
Buyer's Agent
Kelly Erin-Spinney
Keller Williams Professionals
List Price
$899,000
Sold Price
$889,000
Premium/Discount to List
-$10,000
-1.11%
Views
6
Current Estimated Value
$876,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,597
Avg. Annual Appreciation
-1.07%

Purchase Details

Listed on
May 29, 2021
Closed on
Jul 29, 2021
Sold by
Thompson Mark T and Thompson Michele Y
Bought by
Cassaro Barbara and Vento Frank
Seller's Agent
Chrystal Anthony
Allen Tate/Beverly-Hanks Hendersonville
Buyer's Agent
Lisa Merritt
Better Homes and Gardens Real Estate Heritage
List Price
$650,000
Sold Price
$635,000
Premium/Discount to List
-$15,000
-2.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$508,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 14, 2019
Closed on
Aug 11, 2020
Sold by
Pfleeguer David John and Pfleeguer Santina A
Bought by
Thompson Mark T and Thompson Michele Y
Seller's Agent
Kim Pfleeger
Keller Williams South Park
Buyer's Agent
Chrystal Anthony
Allen Tate/Beverly-Hanks Hendersonville
List Price
$600,000
Sold Price
$543,000
Premium/Discount to List
-$57,000
-9.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.71%
Original Mortgage
$434,400
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2012
Sold by
Sanders William R and Sanders Rebeca
Bought by
Ptleeger David John and Ptleeger Santina A
Source: Public Records

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Range of Values:

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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 $889,000 None Listed On Document
Warranty Deed $635,000 None Available
Warranty Deed $543,000 None Available
Special Warranty Deed $60,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $508,000 New Conventional
Previous Owner $434,400 New Conventional
Previous Owner $376,000 New Conventional
Previous Owner $416,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2025 03/18/25 Sold $889,000 -1.1% $365 / Sq Ft
02/26/2025 02/26/25 For Sale $899,000 +41.6% $369 / Sq Ft
08/03/2021 08/03/21 Sold $635,000 -2.3% $261 / Sq Ft
06/19/2021 06/19/21 Pending -- -- --
05/29/2021 05/29/21 For Sale $650,000 +19.7% $267 / Sq Ft
08/18/2020 08/18/20 Sold $543,000 -3.9% $226 / Sq Ft
07/13/2020 07/13/20 Pending -- -- --
07/07/2020 07/07/20 Price Changed $565,000 -1.7% $235 / Sq Ft
06/06/2020 06/06/20 Price Changed $575,000 -1.7% $239 / Sq Ft
10/30/2019 10/30/19 Price Changed $585,000 -2.5% $243 / Sq Ft
08/14/2019 08/14/19 For Sale $600,000 -- $249 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

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
2024 $4,926 $608,800 $110,000 $498,800
2023 $3,953 $608,800 $110,000 $498,800
2022 $3,953 $350,000 $84,000 $266,000
2021 $40 $350,000 $84,000 $266,000
2020 $3,457 $339,100 $75,600 $263,500
2019 $3,245 $339,100 $75,600 $263,500
2018 $3,636 $376,000 $84,000 $292,000
2016 $3,320 $376,000 $84,000 $292,000
2013 -- $70,000 $70,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4226699

Canopy MLS (Canopy Realtor® Association)

APN: 1625561