1242 Gateway Parkway

Old Fort, NC
$ 699,000 Beds 3 Baths 2 Sq 1,719 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 699,000
  • City
  • Old Fort
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • MCDOWELL
  • Half Bathrooms
  • 0
  • Area
  • McDowell County
  • Lot Size
  • 4.09 Acres
  • Zip
  • 28762
  • Sqr Footage
  • 1,719
  • Year Built
  • 2000
  • Style
  • Cabin
  • MLS#
  • 4422894
Listed By: GreyBeard Realty; adam@greybeardrealty.com
Data Source: Canopy MLS

Features

General

Living Area 1719
Sewer Septic Installed
Heating Central,Heat Pump
Cooling Central Air
Roof Architectural Shingle
Appliances Dishwasher,Disposal,Exhaust Hood,Gas Range,Microwave,Oven,Refrigerator with Ice Maker,Washer/Dryer
HOA Fee 1407
Patio/Porch Features Covered,Deck,Wrap Around
Architectural Style Cabin
Construction Materials Wood
Year Built 2000
View Long Range,Mountain(s),Year Round
Levels Two
Property Subtype Single Family Residence
Parcel Number 065600596334
Elevation 2000
Community Features Gated,Lake Access,Pond,Recreation Area,Walking Trails
Assoc Fee Paid Per Annually
County McDowell
New Construction No
Property Type Residential
HOA Yes
Subdivision Name Gateway Mountain
Garage Y/N No
Full Baths 2
Directions From Old Fort,go out Old Fort Rd. to the main Gateway Mountain entrance on your left. Go through the gate and take a right on McKenzie Way and follow up to the three way intersection. Take a left o
High School Unspecified
City Old Fort
Senior Community Y/N No
Lot Size Units Acres
Carport Y/N No
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N No
Virtual Tour https://my.matterport.com/show/?m=Nb9WK8oFFPd&mls=1
Standard Status Active
CAR_HOASubjectTo Required
Construction Type Site Built
Tax Assessed Value 464430
Virtual Tour https://my.matterport.com/show/?m=Nb9WK8oFFPd&mls=1
Listing Terms Cash,Conventional,FHA,USDA Loan,VA Loan

Interior Features

Basement Daylight,Exterior Entry,Full,Storage Space,Unfinished,Walk-Out Access
Fireplace Features Wood Burning Stove
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1719
Laundry Features In Basement
Total Bedrooms 3
Total Baths 2
SqFt Main 1251
SqFt Upper 468
Bedroom 2

Exterior Features

Exterior Amenities Hot Tub
Parking Features Driveway
Lot Features Cleared,Green Area,Private,Wooded,Views
Water Source Well
Lot Size Area 4.09
Foundation Details Basement
Road Surface Type Gravel,Paved
Door Features Insulated Door(s)
Other Equipment Fuel Tank - Owned
Road Responsibility Private Maintained Road
Main Level Garage YN No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hickory, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unspecified Elementary School
Middle School Unspecified Middle School
High School Unspecified High School

Price History

9/9/2026 Listed $699,000

Property vs Zip Code Average in 28762

Price
AVG $710K
$700K
Year Built
AVG 1994
2000
Visits
AVG 168
23
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

1242 Gateway Parkway Old Fort, NC is a Single Family Home for sale at $699000 with 1719 sqft and a lot size of 4.09 Acres Acre(s). 1242 Gateway Parkway Old Fort has 3 bedrooms, 2 baths and was built in 2000. The property's zip code is 28762 which is in Old Fort, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

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