Lake Lure

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Property Location

150 Bills Creek Rd, Lake Lure, North Carolina 28746 -

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Community Information
  • Builder:Multiple Builders
  • Price Range:$ - $
  • Home Type:
    Condo, Single Family Home
  • Number of Homes:
  • New / Resale: Both
  • Age Restriction:None
  • Gated:No
  • Average Rating:
 
Additional Facts
  • Airport: 31.84 miles
  • Hospital: 14.51 miles
  • City:
    Lake Lure
  • Home Exterior:

    Siding, Stone, Brick
  • SF Range:

    1000 - 5000
  • Lawn Care: Not Included
  • Featured Amenity: Walking & Biking, Fitness Facility, Golf Course, Grandkids Play Area, Restaurant On-Site, Outdoor Pavilion, Fishing Lakes, Scenic Lakes, Medical Clinics, Shopping / Grocery, Theatre & Arts, Library, Picnic Area, Parks & Natural Space, Kayak & Canoe, Boating, Marina,

History

Dr. Lucius B. Morse, along with his brothers Asahel and Hiram, bought 64 acres of land near Chimney Rock for $5,000 in 1902. Soon enough, they bought adequate land in the region to make it a total of 8,000 acres. Elizabeth, wife of Morse, was attributed for naming the town, as well as the lake.

The Morse family built Carolina Mountain Power Company in 1925 and financed (through a mortgage) the building of a dam on the Broad River which formed the lake from which the town got its name. Lake Lure’s complete impoundment was finished in 1927. At normal water levels, the lake encompasses around 720 acres and has a shore of roughly 27 miles. In 1928, the power plant of the dam started operations, with the sale of electricity to Blue Ridge Power Company, a regional ancestor of Duke Power, under a 10-year agreement.

In 1929, the ideas for growth came to a stop with the arrival of the Great Depression. Stroud & Company of Philadelphia, a mortgage firm, foreclosed on the dam and the lake. The firm owned the town, as well as the electricity being generated by the dam until 1965. The North Carolina General Assembly passed the legislation in 1963 that authorized Lake Lure to give out revenue bonds in order to obtain the property from Stroud. The realty of Lake Lure, dam and power company was obtained by the town in 1965.

In present times, electricity is still being sold by Lake Lure to Duke Energy, even though revenue from the dam now comes secondary to keeping a permanent water level throughout the year. Tourism and recreation have become vital to the economy of the town.

Area and Climate

Lake Lure, North Carolina is about 720 acres, with approximately 21 miles of seashore. The lake has been called one of the world’s most gorgeous man-made lakes by National Geographic.

The town and its neighboring areas are well known for fishing (lake, river, spinning, and fly), skiing, hiking, rock climbing, bird watching, boating, swimming, and golfing.

Lake Lure experiences 56 inches of rainfall annually (U.S. median is 37), while snowfall is 4 inches per year (U.S. median is 25). The average sunny days yearly in Lake Lure are 218. The lowest temperature is in January, at 21° F, while the highest is in July, at around 83° F.

Real Estate and Cost of Living

In 2011, the estimated average value of houses or condominiums in Lake Lure is $401,047 (in 2000, it was $196,800). In 2011, the average prices of mobile homes: $67,168; 3- or 4-unit buildings: $255,927; attached units and townhomes: $367,199; all residential units: $434,000; and detached homes: $448,799.

In Lake Lure, the cost of living index as of March 2012 is 87.1, which is below average, as U.S. median is 100.

Lifestyle and Things to Do

The Rocky Broad Rivers meander through a string of torrents down to Hickory Nut Gorge, and the pristine water runs through the valley that supplies Lake Lure. The town covers 13.25 square miles, which include the lake with a huge main body of deep water, a 7-acre island, 3 long bays, and several small inlets and bays with a backdrop      of mountains and forest-clad hills.

The lake is the main tourist attraction and the reason why the town gets a lot of visitors every year. People visit to enjoy the lake (720 acres in size), the amazing Blue Ridge mountain range (which include Chimney Rock) and sparkling clear beach site. Visitors can enjoy various activities, ranging from fishing to water skiing to canoeing and pleasure boating.

 

Amenities

  • Walking & Biking
  • Fitness Facility
  • Golf Course
  • Grandkids Play Area
  • Restaurant On-Site
  • Outdoor Pavilion
  • Fishing Lakes
  • Scenic Lakes
  • Medical Clinics
  • Shopping / Grocery
  • Theatre & Arts
  • Library
  • Picnic Area
  • Parks & Natural Space
  • Kayak & Canoe
  • Boating
  • Marina
Property/Community Type : Condo
Golf Facility(Within 10 Mile Radius) : Yes
Coastal Area(Within 10 Mile Radius) : No
Mountain/foot hills area(Within 10 Mile Radius) : Yes
Lake Property(Within 10 Mile Radius) : Yes
College Town(College or University Within 15 Mile Radius) : No
Size of Community/Town(25 Mile Radius Estimated) :
Fitness Facility(Within 2 Mile Radius) : Yes

Floor Plans

Floor Plan is not available for this property

Lifestyle

The Rocky Broad Rivers meander through a string of torrents down to Hickory Nut Gorge, and the pristine water runs through the valley that supplies Lake Lure. The town covers 13.25 square miles, which include the lake with a huge main body of deep water, a 7-acre island, 3 long bays, and several small inlets and bays with a backdrop      of mountains and forest-clad hills. The lake is the main tourist attraction and the reason why the town gets a lot of visitors every year. People visit to enjoy the lake (720 acres in size), the amazing Blue Ridge mountain range (which include Chimney Rock) and sparkling clear beach site. Visitors can enjoy various activities, ranging from fishing to water skiing to canoeing and pleasure boating.

  • Hiking
  • Boating & Watersports
  • Motorcyles
  • Gift Shops
  • Dining
  • Walking
  • Biking
  • Scenic Mountain Drives
  • Hunting
  • Fishing
  • Dirty Dancing was filmed here!
  • Hiking
  • Boating & Watersports
  • Motorcyles
  • Gift Shops
  • Dining
  • Walking
  • Biking
  • Scenic Mountain Drives
  • Hunting
  • Fishing
  • Dirty Dancing was filmed here!

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RetirePlaces.com is in no way affiliated with the builder or developer of Lake Lure The information regarding Lake Lure has not been verified, published or approved by the developer or builder. Please verify all information prior to purchasing. RetirePlaces.com and the developer are not responsible for any errors regarding the information displayed on this website. Pictures displayed may include lifestyle images and features from similar properties or nearby area locations and attractions outside the community. Pictures and content may be added by our users. Information submitted is distributed to the Community Counselor.