This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
$699,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/48
Property 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.
Full Property Details
Full Property Details for 1242 Gateway Pkwy
General
- Price: $699,000
- HOA FEE: $117/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4422894
- Updated: 9/9/2026
- Added to Site: 34 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Wood Burning Stove, Wood Burning Stove
- Appliances: Dishwasher, Disposal, Exhaust Hood, Gas Range, Microwave, Oven, Refrigerator with Ice Maker, Washer/Dryer
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Upper - Full Baths: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Upper: 1
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: In Basement
Additional Information
- Shared Amenities: Gated, Lake Access, Pond, Recreation Area, Walking Trails
- Equipment: Fuel Tank - Owned
Exterior
- Exterior Features: Hot Tub
Parking
- Parking Features: Driveway
Location
- County: McDowell
- Subdivision: Gateway Mountain
- Driving 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 on McKenzie Way N. Take a left on Gateway Parkway and follow to 1242 on your right.
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Well
Structural Information
- Architectural Style: Cabin
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Daylight, Exterior Entry, Full, Storage Space, Unfinished, Walk-Out Access
- Roof: Architectural Shingle
- Upper: 468 Sq. Ft.
- Main/1st Level: 1,251 Sq. Ft.
- Year Built: 2000
Lot Features
- Street/Road Desc.: Gravel, Paved
- Elevation (Approx.): 2000
- Lot Features: Cleared, Green Area, Private, Wooded, Views
Financial Considerations
- Association Fee: $1,407
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, FHA, USDA Loan, VA Loan
Disclosures and Reports
- Property ID: 65600596334
- Lot Number: 1371/0206
Listed by GreyBeard Realty
Get Pre-Approved Today
Schools
Schools serving 1242 Gateway Pkwy
School District:McDowell County Schools
| Name | Grades | Distance |
|---|---|---|
Old Fort Elementary School 128 South Mauney Avenue, Old Fort, NC 28762 | PK-6 | 5.4 mi |
West Mcdowell Junior High School 346 West Mc Dowell Junior High School Road, Marion, NC 28752 | 7-9 | 12.9 mi |
Mcdowell High School 600 McDowell High School Road, Marion, NC 28752 | 9-12 | 12.9 mi |
Mcdowell Early Colle 54 College Drive, Marion, NC 28752 | 9-12 | 14.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1242 Gateway Pkwy
Date
Details
Price
Change
Source
9/09/2026
Listed
$699,000
16.5%
MLS
9/28/2021
Sold
$600,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1242 Gateway Pkwy
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,149
—
$464,430
—
2024
$3,149
—
$464,430
—
2023
$3,149
22%
$464,430
24%
2022
$2,571
—
$373,680
—
2021
$2,571
-1%
$373,680
—
2019
$2,608
29%
$373,680
29%
2018
$2,028
9%
$290,530
—
2017
$1,861
—
$290,530
—
2016
$1,861
2%
$290,530
—
2015
$1,830
3%
$290,530
—
2014
$1,772
1%
$290,530
—
2014
$1,748
—
$290,530
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1242 Gateway Pkwy
1242 Gateway Parkway, Old Fort, NC 28762 (MLS# 4422894) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1242 Gateway Parkway is currently listed for $699,000 and was received on September 09, 2026. Want to learn more about 1242 Gateway Parkway? Do you have questions about finding other Single Family real estate for sale in Old Fort? You can browse all Old Fort real estate or contact a Coldwell Banker agent to request more information.
