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Lake Lure is one of the most unique communities in the state of North Carolina. Centered around a manmade lake that was created following the damming of the Rocky Broad River, the town of Lake Lure was incorporated in 1927 and has been granted the right to protect the lake as its trustee. It has owned the land beneath the lake, and thus the lake itself, since 1965.

Of course, the town was not initially created to serve as the trustee of the lake, but instead fell into this position through happenstance and the overly ambitious vision of Dr. Lucius B. Morse, a Missouri physician who fell in love with nearby Chimney Rock and Hickory Nut Gorge while visiting the area to restore his health. While Morse was enamored with the landscape as it was, he believed he could improve it by filling the gorge with water, thereby creating a picturesque mountain lake. Morse also felt that this would make a world-class resort community.

Unfortunately, Morse did not have the resources to do all this himself, but he enlisted the help of his brothers, who provided him with enough funds to purchase 8,000 acres of land that included not only the entire gorge, but also Chimney Rock and much of the surrounding area. Morse’s company, Chimney Rock Mountains, Inc., then deeded the land that would become home to the dam and the powerhouse, as well as the land that would eventually be inundated by the lake, to Carolina Mountain Power Company.

The power company financed the project through a $550,000 mortgage (the equivalent of over $9 million today) from Stroud & Company, and construction of the dam began in 1925. The dam was finished in 1926 and the full impoundment of the lake was completed a year later. The power plant began selling electricity in 1928. Meanwhile, the remainder of the 8,000 acres Morse had purchased continued to be owned by Morse’s company, Chimney Rock, and was set to become the grounds for his grand resort on the new, 720-acre lake. To finance construction, he took out a mortgage of his property for $1,000,000.

Unfortunately, Morse’s plan ran aground following the stock market crash of 1929. Though he did manage to hold onto his property around Chimney Rock and to open the Lake Lure Inn (now The 1927 Lake Lure Inn & Spa), most of his properties covering the 27 miles of shoreline were foreclosed upon. By the early 1940s, they had been disposed of by the bank.

While the power company was also foreclosure upon, Stroud & Company continued to operate the plant. They also entered into an agreement with the town of Lake Lure that allowed the town to operate the lake’s existing recreational facilities. Decades later, in 1963, the North Carolina General Assembly authorized the town to issue revenue bonds to acquire the lake, which it finally did in 1965. Since that time, the properties that were once deeded to the Carolina Mountain Power Company by Morse have been owned by the town. This includes not only the lake, but also the dam and the electricity produced by the powerplant.

To this day, the town of Lake Lure takes its duties to preserve the integrity and health of the lake very seriously, resulting in one of the most pristine mountain lakes in North Carolina.

Min. Price
Max. Price
Beds
Baths
 176 Elkwood Drive, Lake Lure, NC 28746
176 Elkwood Drive Lake Lure, NC 28746
$4,300,000
1 Beds 1 Baths 576 SqFtListing No. 3861966Property Type: Housecamera (48)
Details
 151 Garner Drive, Lake Lure, NC 28746
151 Garner Drive Lake Lure, NC 28746
$2,790,000
4 Beds 3 | 1 Baths 4,391 SqFtListing No. 3903191Property Type: Housecamera Virtual Tourcamera (48)
Details
 221 Half Moon Mile Road, Lake Lure, NC 28746
221 Half Moon Mile Road Lake Lure, NC 28746
$1,495,000
4 Beds 5 | 1 Baths 6,316 SqFtListing No. 3924893Property Type: Housecamera Virtual Tourcamera (48)
Details
 213 Lake Haven Drive, Lake Lure, NC 28746
213 Lake Haven Drive Lake Lure, NC 28746
$995,000
3 Beds 2 Baths 2,245 SqFtListing No. 3937920Property Type: Housecamera (47)
Details
 213 Lake Haven Drive, Lake Lure, NC 28746
213 Lake Haven Drive Lake Lure, NC 28746
$874,900
3 Beds 2 Baths 2,245 SqFtListing No. 3937500Property Type: Housecamera (48)
Details
 102 Havnaers Point, Lake Lure, NC 28746
102 Havnaers Point Lake Lure, NC 28746
$809,000
3 Beds 3 Baths 1,752 SqFtListing No. 3904664Property Type: Housecamera Virtual Tourcamera (38)
Details
 227 Blue Bird Road, Lake Lure, NC 28746
227 Blue Bird Road Lake Lure, NC 28746
$784,900
3 Beds 4 | 1 Baths 4,023 SqFtListing No. 3880064Property Type: Housecamera (38)
Details
 196 Rocky Mount Drive, Lake Lure, NC 28746
196 Rocky Mount Drive Lake Lure, NC 28746
$765,000
4 Beds 4 Baths 4,120 SqFtListing No. 3912579Property Type: Housecamera (48)
Details
 255 Gateway Drive #5, Lake Lure, NC 28746
255 Gateway Drive #5 Lake Lure, NC 28746
$699,900
3 Beds 3 | 1 Baths 2,688 SqFtListing No. 3896569Property Type: Housecamera Virtual Tourcamera (48)
Details
 108 Pheasant Street, Lake Lure, NC 28746
108 Pheasant Street Lake Lure, NC 28746
$689,000
2 Beds 2 | 1 Baths 1,401 SqFtListing No. 3909367Property Type: Housecamera Virtual Tourcamera (48)
Details
 183 Stonecrest Parkway, Lake Lure, NC 28746
183 Stonecrest Parkway Lake Lure, NC 28746
$610,000
2 Beds 2 Baths 1,838 SqFtListing No. 3912932Property Type: Housecamera Virtual Tourcamera (48)
Details
 268 Wambli Pass #Unit 4, Lake Lure, NC 28746
268 Wambli Pass #Unit 4 Lake Lure, NC 28746
$600,000
2 Beds 3 | 1 Baths 2,734 SqFtListing No. 3911124Property Type: Condocamera Virtual Tourcamera (42)
Details
 176 Elkwood Drive, Lake Lure, NC 28746
camera (48)
price

$4,300,000

beds

1 1 Beds

baths

1 1 Baths

lot size

576 SqFt 576 SqFt

listing no.

3861966Listing No. 3861966

property type

HouseProperty Type: House

gallery photos

camera (48)

 151 Garner Drive, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (48)
price

$2,790,000

beds

4 4 Beds

baths

3 | 1 3 | 1 Baths

lot size

4,391 SqFt 4,391 SqFt

listing no.

3903191Listing No. 3903191

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (48)

 221 Half Moon Mile Road, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (48)
price

$1,495,000

beds

4 4 Beds

baths

5 | 1 5 | 1 Baths

lot size

6,316 SqFt 6,316 SqFt

listing no.

3924893Listing No. 3924893

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (48)

 213 Lake Haven Drive, Lake Lure, NC 28746
camera (47)
price

$995,000

beds

3 3 Beds

baths

2 2 Baths

lot size

2,245 SqFt 2,245 SqFt

listing no.

3937920Listing No. 3937920

property type

HouseProperty Type: House

gallery photos

camera (47)

 213 Lake Haven Drive, Lake Lure, NC 28746
camera (48)
price

$874,900

beds

3 3 Beds

baths

2 2 Baths

lot size

2,245 SqFt 2,245 SqFt

listing no.

3937500Listing No. 3937500

property type

HouseProperty Type: House

gallery photos

camera (48)

 102 Havnaers Point, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (38)
price

$809,000

beds

3 3 Beds

baths

3 3 Baths

lot size

1,752 SqFt 1,752 SqFt

listing no.

3904664Listing No. 3904664

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (38)

 227 Blue Bird Road, Lake Lure, NC 28746
camera (38)
price

$784,900

beds

3 3 Beds

baths

4 | 1 4 | 1 Baths

lot size

4,023 SqFt 4,023 SqFt

listing no.

3880064Listing No. 3880064

property type

HouseProperty Type: House

gallery photos

camera (38)

 196 Rocky Mount Drive, Lake Lure, NC 28746
camera (48)
price

$765,000

beds

4 4 Beds

baths

4 4 Baths

lot size

4,120 SqFt 4,120 SqFt

listing no.

3912579Listing No. 3912579

property type

HouseProperty Type: House

gallery photos

camera (48)

 255 Gateway Drive #5, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (48)
price

$699,900

beds

3 3 Beds

baths

3 | 1 3 | 1 Baths

lot size

2,688 SqFt 2,688 SqFt

listing no.

3896569Listing No. 3896569

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (48)

 108 Pheasant Street, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (48)
price

$689,000

beds

2 2 Beds

baths

2 | 1 2 | 1 Baths

lot size

1,401 SqFt 1,401 SqFt

listing no.

3909367Listing No. 3909367

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (48)

 183 Stonecrest Parkway, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (48)
price

$610,000

beds

2 2 Beds

baths

2 2 Baths

lot size

1,838 SqFt 1,838 SqFt

listing no.

3912932Listing No. 3912932

property type

HouseProperty Type: House

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (48)

 268 Wambli Pass #Unit 4, Lake Lure, NC 28746
camera VIRTUAL TOURcamera (42)
price

$600,000

beds

2 2 Beds

baths

3 | 1 3 | 1 Baths

lot size

2,734 SqFt 2,734 SqFt

listing no.

3911124Listing No. 3911124

property type

CondoProperty Type: Condo

virtual tour

camera VIRTUAL TOUR

gallery photos

camera (42)

Based on information submitted to the MLS GRID as of 2023. All data is obtained from various sources and may not have been verified by the 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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Canopy MLS data last updated at January 31, 2023 11:24 PM ET
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