$699,000
 $3,646 est/mo Sourced by Back At You

1242 Gateway Parkway,Old Fort, NC 28762

Old Fort, NC 28762

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Description

Set high atop a private, gated mountain community, this beautifully appointed 3-bedroom, 2-bathroom log cabin offers one of the most sought-after settings in Western North Carolina, with sweeping, long-range views of the Blue Ridge Mountains and Lake Lure visible in the distance-scenery that's a big part of why this home has become a standout, highly successful vacation rental with a loyal base of repeat guests. Inside, the open-concept design connects the living, dining, and kitchen areas, all oriented to take full advantage of the mountain backdrop; the living room centers around a cozy wood stove and flows into a well-equipped kitchen with a gas range and full furnishings and cookware, while the dining area comfortably seats a group and a wraparound deck extends the living space outdoors with multiple spots for lounging and dining. The main level includes two queen bedrooms and a full bathroom with both a soaking tub and walk-in shower, while upstairs a private primary suite offers a king bed, en suite bathroom, and a peaceful loft area perfect as a reading nook or remote workspace; a lower-level recreation space adds even more flexibility, with direct access to a private hot tub positioned to take in the same incredible mountain views, plus a fire pit for evenings of stargazing. Beyond the home itself, the gated community offers a rare slate of shared amenities that elevate the experience even further, including a scenic waterfall area, a small community lake with a dock, and a network of hiking trails, with the gated entrance adding privacy and security for guests seeking a quiet, secluded escape without sacrificing convenience. The location strikes an excellent balance between seclusion and accessibility, with a short drive to Old Fort for dining and breweries, easy reach of Black Mountain, Chimney Rock, and Lake Lure, and Asheville and the Blue Ridge Parkway both within about 45 minutes. Offered fully furnished and turnkey-including all furnishings, kitchenware, décor, and the hot tub-this home makes it exceptionally easy for a new owner to step in and continue operating it as an income-producing vacation rental from day one, and with its proven rental history, and unbeatable combination of privacy, views, and community amenities, it represents a rare opportunity to own a true mountain retreat that also performs as a strong investment property.

Details

MLS #4422894
Listing TypeFor Sale
StyleHouse
HOA Dues$1,407
Sub-TypeResale
StatusActive
Year2000
Days On Site29
Listing Provided ByGreyBeard Realty | Adam Johnson

Features

Bed(s)3
Bath(s) 2 Total
SQ Feet1,719
BasementY
Story(s)2
Acreage4.09
Property ViewLong Range, Mountain(s), Year Ro

Interior

CoolingCentral Air
HeatingCentral, Heat Pump
AppliancesDishwasher, Disposal, Exhaust Hood, Gas Range, Microwave, Oven, Refrigerator with Ice Maker, Washer/Dryer

Exterior

Exterior FeaturesHot Tub
RoofArchitectural Shingle
Construction MaterialsWood
Foundation DetailsBasement
Lot FeaturesCleared, Green Area, Private, Wooded, Views

Parking

Garage Yes / NoNo
Parking FeaturesDriveway

Location

Community FeaturesGated, Lake Access, Pond, Recreation Area, Walking Trails

Other

List AorLand of The Sky Association of Realtors

Taxes

Property464430

Area Information

StateNC
CountyMcDowell
CityOld Fort
Zip Code28762
AreaMcDowell
Community NameGateway Mountain
School DistrictUnspecified
Elementary SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in Gateway Mountain)
Price:
$699,000
low | high
Med:
$666,750
54.613733905579% of Average
sqft:
1,719
low | high
Med:
1,829
43.630017452007% of Average
$ / sqft:
$407
low | high
Med:
$367
59.742522489005% of Average
On site:
29
low | high
Med:
29.5
98.305084745763% of Average
Sourced by Back At You

Market Activity 28762

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 Listings courtesy of Canopy MLS as distributed by MLS GRID.

Based on information submitted to the MLS GRID as of October 9, 2026 at 1:09:53 AM PDT 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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Learn More About This Property

StateNC
CountyMcDowell
CityOld Fort
Zip Code28762
AreaMcDowell
Community NameGateway Mountain
School DistrictUnspecified
Elementary SchoolUnspecified
High SchoolUnspecified
Listing VS Median (in Gateway Mountain)
Price:
$699,000
low | high
Med:
$666,750
54.613733905579% of Average
sqft:
1,719
low | high
Med:
1,829
43.630017452007% of Average
$ / sqft:
$407
low | high
Med:
$367
59.742522489005% of Average
On site:
29
low | high
Med:
29.5
98.305084745763% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 9:27:29 PM PDT