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Updated over 2 years ago on . Most recent reply
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Agent Wanted Carolinas or Tennessee
I am looking for a vacation home in the south. I want to be on the water but not the ocean. Looking for a recreation lake for boating. Think Dale Hollow but I do not want to pay Dale Hollow prices. Looking for an up-and-coming lake that will appreciate through the years.
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Quote from @Mitch Davidson:
Hi @Robert Willard. I second @Matt Payne's idea. Lake Lure is one of the best options down this way, and even does surprisingly well in the winter months. Perhaps spend $10 on a market report for a sample property on Price Labs. You'll see that nightly rate averages for Lake Lure are at the top for the entire Asheville region. The town has many outdoor options besides water sports, including great climbing, hiking, fishing, golfing, etc. There are quite a few good food options. It's just 30 minutes or so from other great downtowns like Black Mountain and Hendersonville, and 45ish from downtown Asheville. It's not far from the Asheville airport. And for wealthier guests, they'll like the fact that your home isn't mixed in with lower-income type homes. For these reasons and others, I nearly bought an STR there myself recently. Also, cabins in the woods, not on waterfront, do really well in LL, and cost much less. Finally, if you end up looking at South Carolina, know that taxes for non-owner occupants are very high, for all of SC. For example, a client of mine recently bought a lake house in SC. The prior owner's tax bill was about $350/yr. Hers is about $5,500/yr as a non-OO. Happy to discuss more if you want to give me a ring.
Great info. Sounds like SC is something to avoid unless there is a great deal to be had. I will definitely check out Lake Lure. Thank you and thank you
@Matt Payne.