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    Property profile & analytics

    161 Waterside Dr Lake Lure, NC 28746-9277

    • Hotels
    • 7,258 SF
    • 2.84 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 21, 2024
    $2,883,000
    Location Intelligence
    Property ID
    US53-0752461
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 161 Waterside Dr

    Year built
    1981
    Lot size
    2.84 lot acres
    Property size
    7,258 SF
    Zone code
    R1A
    Property type
    Hotels
    APN
    1614899
    APU
    1614899

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Lure
    County
    Rutherford
    State
    North Carolina
    Longitude
    -82.1884
    Latitude
    35.4574
    CBSA code
    22580
    CBSA name
    FOREST CITY, NC MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $12,331
    $253,600
    $796,200
    $1,049,800
    -
    $253,600
    $796,200
    $1,049,800

    Comparable in this City

    • Value Estimation
      $1,325,000
      9,997 SF

      3147 Memorial Hwy

      MOTEL • 9,997 SF
      3147 Memorial Hwy, Lake Lure, NC 28746-9710
      View Details
    • Value Estimation
      $3,475,000
      9,858 SF

      361 Charlotte Dr

      MOTEL • 9,858 SF
      361 Charlotte Dr, Lake Lure, NC 28746-9833
      View Details
    • Value Estimation by Request
      0.34 Acres

      Shady Grv Ln

      VACANT COMMERCIAL LAND • 0.34 Acres
      Shady Grv Ln, Lake Lure, NC 28746
      View Details
    • Value Estimation by Request
      1.78 Acres

      Lk N Dr

      VACANT COMMERCIAL LAND • 1.78 Acres
      Lk N Dr, Lake Lure, NC 28746
      View Details
    • Value Estimation by Request
      1.25 Acres

      Buffalo Crk Rd

      VACANT COMMERCIAL LAND • 1.25 Acres
      Buffalo Crk Rd, Lake Lure, NC 28746
      View Details
    • Value Estimation by Request
      1.30 Acres

      Fox Run Blvd

      VACANT COMMERCIAL LAND • 1.30 Acres
      Fox Run Blvd, Lake Lure, NC 28746
      View Details

    Similar Nearby for Sale

    • $120,000
      0.15 Acres

      Lake Lure Class A Lot

      Oversized Class A Motor Coach lot with mountain views.
      133 Cornell Cir, Lake Lure, NC 28746
      View Details
    • $120,000
      0.10 Acres

      Lake Lure RV Resort Lot

      Luxury RV lot with pond view, amenities, and rental potential.
      116 Cornell Cir, Lake Lure, NC 28746
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    • $85,000
      0.10 Acres

      Lake Lure Motorcoach Resort Land

      Luxury motorcoach resort lot in Lake Lure, North Carolina.
      143 Cornell Cir, Lake Lure, NC 28746
      View Details
    • $49,500
      2.78 Acres

      Unrestricted Land with Ridge-Top Views

      2.78 acres of unrestricted land with long-range views.
      Antioch Rd, Lake Lure, NC 28746
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    • $43,900
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      Lake Lure Mountain Land

      2.17 acre corner lot with easy access and permits.
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    • $32,500
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      Residential Land in Grey Rock

      Residential lot in gated community near Lake Lure.
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      View Details
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    Lake Lure, NC 28746-9277
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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