$675,000
↓ $25K (3.6%)
●
House -
For Sale
552 Lake Road
Old Fort, NC 28762
4 Beds
3 Baths
2,452 Ft²
$3,432
Est. Monthly
$117
HOA / Fees
About This Property
Fully furnished lakefront mountain retreat in the sought-after
Gateway Mountain community! Nestled on 1.9 acres, this gated
community spans over 3,000 acres and allows short-term rentals,
making it an excellent opportunity for a vacation home or
income-producing rental. Overlooking serene Lake George, the
property features a private dock, tool shed, and a stunning firepit
area with a gravel path and steps to the water. Extensive 2022
upgrades include quartz countertops, stainless steel appliances,
updated bathroom fixtures, and stylish light fixtures and ceiling
fans throughout. The fully stocked kitchen and furnished interiors
make this home truly turnkey. Enjoy the peaceful mountain setting
while being minutes from adventure. Don't miss this rare
opportunity-schedule your showing today!
Unit Size
2,452 Ft²
Days on Market
-
Land Size
1.90 acres
Price per sqft
$275
Property Type
House
Property Taxes
-
HOA Dues
$117
Year Built
2007
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 20 days ago (CANOPYMLS #CAR4370080)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$675,000
↓ $25K
(3.6%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$700,000
↓ $25K
(3.5%) | |
| Price Decreased | |||
| Apr 15, 2026 | Listed by Keller Williams Ballantyne Area | $725,000 | |
| Listed by Keller Williams Ballantyne Area | |||
| Dec 2, 2025 | No longer available | - | |
| No longer available | |||
| Sep 6, 2025 | Price Decreased |
$699,900
↓ $25K
(3.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Fireplace
Parking Details
Parking Features: Driveway
Interior Details
Full Bathrooms: 3
Interior Features: Walk-In Closet(s)
Appliances: Dishwasher, Electric Oven, Electric Water Heater, Refrigerator
Laundry Features: Laundry Room, Main Level
Has Fireplace
Fireplace Features: Wood Burning
Basement: Exterior Entry, Finished, Interior Entry, Walk-Out Access
Exterior Details
Square Footage: 2452
Year Built: 2007
Waterfront Features: Boat Slip – Community, Dock, Paddlesport Launch Site
Waterbody Name: Lake George
Levels: One and One Half
Other Structures: Shed(s)
Construction Materials: Log, Stone
Patio and Porch Features: Covered, Front Porch, Rear Porch, Side Porch
Lot Features: Private, Rolling Slope, Waterfront
Lot Size Area: 1.9
Lot Size Units: Acres
Lot Size Acres: 1.9
Lot Size Square Feet: 82764
Water Source: Well
Financial Details
Tax Assessed Value: $674,070
Utilities Details
Cooling Type: Heat Pump
Heating Type: Heat Pump
Sewer : Septic Installed
Location Details
HOA Fee: $1,407
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About McDowell
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Listed by: Stacey Sauls, Keller Williams Ballantyne Area
Last Updated: 20 days ago
Data Source: CANOPYMLS, MLS# CAR4370080
Last Updated: 20 days ago
Data Source: CANOPYMLS, MLS# CAR4370080
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
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.
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.
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