What could be better than retiring or vacationing to beautiful lakefront property in Lake Lure, North Carolina? Lake Lure is a beautiful, picturesque town nestled among the Blue Ridge Mountains in North Carolina’s Rutherford County. Lake Lure is home to a small population of just over 1,000 residents, and the town was officially incorporated in 1927.

The average income for a household in Lake Lure is around $38,000, and the average income for a family is closer to $46,000 per year.

Lake Lure is well known as a popular filming location, as it was the setting for movies such as Thunder Road, Dirty Dancing, A Breed Apart, and Firestarter. In addition, interest in lakefront property in Lake Lure, North Carolina grew considerably with the airing of Home & Garden Television Network’s Dream Home 2006, as well as the National Geographic magazine quote that labeled Lake Lure as “one of the most beautiful manmade lakes in the world.”

The history of Lake Lure begins with the Morse brothers. In 1902, Lucius Morse and his brothers purchased 400 acres near Chimney Rock for just $5,000. The brothers later acquired additional land in the area, to the sum total of approximately 8,000 acres. Following this acquisition, the brothers funded the construction of a dam on the Broad River, which subsequently produced the lake after which the town of Lake Lure is named.

In 1928, the dam’s power plant operations commenced with the sale of electricity under a 10-year contract to Blue Ridge Power Company. In 1929, development plans reached a halt with the onset of the Great Depression. Stroud & Company, a mortgage company, soon foreclosed on the lake and the dam. In 1965, state authorized revenue bonds were issued and permitted the town to buy the assets from Stroud. The town continues to sell electricity to Duke Energy, and also maintains a fixed water level year-round for those who own lakefront property in Lake Lure, North Carolina.

Today, the community of Lake Lure is thriving, surrounded by the beauty of the Blue Ridge Mountains. To learn more about lakefront property in Lake Lure, North Carolina, contact the Schaffer Realty Group at 847-367-8773 today.