MLS# CAR4422894 · 2 days on market

1242 Gateway Parkway

Old Fort, NC 28762 · Gateway Mountain

$699,000$407/sqft
Beds3
Baths2
Sq Ft1,719
Lot4.09 ac
$/SqFt$407
DOM2

Architectural Narrative

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.

At a Glance

Bedrooms3
Full Baths2
Half Baths0
Property TypeSingle Family Residence
StyleCabin
Year Built2000
LevelsTwo

Community & Resources

Community
Gateway Mountain
Old Fort, NC
County
McDowell
NC · 28762
Tax Assessed
$464,430
County record
$/SqFt
$407
Listed price basis
HOA
$1,407
Annually

Property Facts

Property Type
Single Family Residence
Year Built
2000
Stories / Levels
Two
Living Area (SqFt)
1,719
Above Grade SqFt
1,719
Full Bathrooms
2
Lot Size
4.09 acres
Zoning
No zoning
Parcel #
065600596334
Tax Assessed Value
$464,430
HOA
$1,407 / Annually

Appliances

DishwasherDisposalExhaust HoodGas RangeMicrowaveOvenRefrigerator with Ice MakerWasher/Dryer

Heating, Cooling & Utilities

Heating
Central, Heat Pump
Cooling
Central Air
Fireplace
Wood Burning Stove
Laundry
In Basement
Water Source
Well
Sewer
Septic Installed

Exterior & Parking

Architectural Style
Cabin
Construction
Wood
Foundation
Basement
Roof
Architectural Shingle
Parking
Driveway
Patio / Porch
Covered, Deck, Wrap Around
Exterior Features
Hot Tub

Lot Features

ClearedGreen AreaPrivateWoodedViews

View

Long RangeMountain(s)Year Round

Community Amenities

GatedLake AccessPondRecreation AreaWalking Trails

Gallery

Listing courtesy of GreyBeard Realty · Adam Johnson · Listed 09/09/2026

Listings courtesy of Canopy MLS as distributed by MLS GRID. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties displayed may be listed or sold by various participants in the MLS. Data last updated recently. © 2026 MLS members. All rights reserved.

1242 Gateway Parkway
Old Fort, NC · $699,000