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388 Island Creek Road

Lake Lure, NC 28746

3 beds
4 baths
4,229 sqft
~7 acre lot
$117 per sqft
1990 build
– on site

**UPDATE** Foreclosure hearing has been extended iinto 2025. BRING ALL OFFERS A wonderful opportunity exists in this private mini estate located just outside the town limits of Lake Lure. The main site-built has over 4200 sq. feet. On the grounds are also a small creek, a manufactured home that has been added onto and offers living, dining, kitchen, bedroom and bath of appx 1068 sq,ft., a two-bay garage with workshop and storage, and a covered carport with attached storage room. The main home has a large great room with fireplace, kitchen, and dining as well as a butler’s kitchen. There are two bedrooms on the main level, two full baths and a powder room. A wrap around enclosed screen porch, encircles the entire living/dining/kitchen area. The lower level has a separate living space with kitchen and another bedroom and bath. Lots of storage and a covered porch surrounds the lower level. Property is being sold “as is." Priced well below tax value of $586,000.

Listing courtesy of CMLS / Pinnacle Sothebys International Realty

Last checked: Checking… • Last updated Jan 22, 2025 •

MLS# 4062749 —

The Building

Year Built:

1990
New Construction:

false
Construction Type:

Manufactured,Site Built
Subtype:

Single Family Residence
Construction Materials:

Wood
Foundation Details:

Basement
Levels:

One
Basement:

Daylight, Exterior Entry, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
Basement:

true
SqFt Unheated Total:

311
SqFt Unheated Basement:

311
Above Grade Finished Area:

2279
Below Grade Finished Area:

1950

Interior

Living Area:

4229

Location

Directions:

Hwy 74 or Hwy 9 to Island Creek Road. Drive is gated and locked.
Latitude:

35.416321
Longitude:

-82.180815

The Property

Type:

Residential
Lot Size Area:

6.9
Lot Size Units:

Acres
Zoning Specification:

None
Road Responsibility:

Private Maintained Road
Road Surface Type:

Asphalt, Gravel, Paved

Listing Agent

Contact info:

Taxes

Parcel Number:

231397
Tax Assessed Value:

371600

Beds

Bedrooms Total:

3
Bedroom Main:

2
Bedroom Basement:

1

Baths

Baths:

4
Full Baths:

3
Half Baths:

1
Full Baths Main:

2
Half Baths Main:

1
Full Baths Basement:

1

The Listing

Special Listing Conditions:

Estate, In Foreclosure

Heating & Cooling

Heating:

Baseboard, Ductless, Heat Pump
Cooling:

Central Air, Heat Pump

Utilities

Sewer:

Septic Installed
Water Source:

Well

Appliances

Appliances:

Electric Oven, Electric Range
Laundry Features:

In Basement

Schools

Elementary School:

Unspecified
Middle School:

Unspecified
High School:

Unspecified

The Community

Subdivision Name:

None
HOA Subject To:

None
Senior Community:

false

Parking

Parking Features:

Detached Carport, Driveway, Parking Space(s)
Garage:

false
Main Level Garage:

No
Carport:

true
Carport Spaces:

1
Open Parking:

false

Extra Units

Second Living Quarters:

Exterior Not Connected,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters,Other - See Remarks

Monthly cost estimate

Asking price

$495,000

Expense	Monthly cost
Mortgage	$2,650
Taxes	N/A
Insurance	$136
Utilities	$188 See report
Total	$2,974/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
8/27/24 Aug 27, 2024	Price Changed	CMLS	$495,000	-2.8%
8/9/24 Aug 9, 2024	Price Changed	CMLS	$509,000	-9.9%
7/17/24 Jul 17, 2024	Price Changed	CMLS	$565,000	-6.6%

House For Sale

– Foreclosure

$495,000

Cost Est.

$2,974/mo.

Price drop −$14,000

Listing provided by broker:

Thomas McKay

Pinnacle Sothebys International Realty

tom@pinnaclesir.com

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Newest listings in Lake Lure, NC

This house located in Lake Lure, NC 28746 is currently for sale for $495,000. 388 Island Creek Road is a 4,229 square foot house with 3 beds and 4 baths that has been on Estately for 430 days. This house is in the attendance area of R-S Middle School, Pinnacle Elementary School, and R-S Central High School.

Based on information submitted to the MLS GRID as of 2/16/2025 5:08 am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.