46
  • Property Type
  • Duplex, Residential Income
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 3085 Sqft
  • Area Size
  • 1987
  • Year Built

40 Country Bear Lane, Flat Rock, NC 28731

  • $599,000
  • $667,000

Description

Now priced $88,000 below recent appraisal. With two fully functional living units, this property offers immediate income potential, flexible occupancy strategies, and long-term value in a highly desirable location near Flat Rock.
The main residence (Unit 1) features a 3-bedroom layout with multiple living areas, including two sunrooms, a gas fireplace, and an updated kitchen with granite countertops. The primary suite includes a walk-in closet and en-suite bath, while the second-floor bedroom also offers a private en-suite—ideal for maximizing rental configurations or short-term rental appeal. Unit 2 is a fully self-contained 1-bedroom, 1-bath suite with private entrance, full kitchen, living/dining area, oversized walk-in closet, and dedicated storage space—well-suited for long-term tenants, short-term rental income, or multigenerational occupancy. The property includes a 2-car garage plus a rare 4-car tandem basement garage with oversized doors, offering strong appeal for tenants or owners needing workshop, storage, or equipment space—an added value driver not commonly found in comparable properties. Situated on 1.1 acres with mountain views and direct adjacency to Green River Game Lands, the location supports both long-term rental stability and short-term rental demand, with access to hiking, rivers, and outdoor recreation. Additional features include a large in-ground pool with 9’ diving depth and newer HVAC systems (2019 & 2025), reducing near-term capital expenditures. With dual-unit flexibility, below-appraisal pricing, and strong lifestyle-driven rental appeal, this property is well-positioned for investors seeking cash flow, house-hack potential, or short-term rental diversification. Please note – pool cover is virtually placed and this property is cross-listed under MLS #4332498.

  • Address: 40 Country Bear Lane
  • City: Flat Rock
  • State/county: NC
  • Zip/Postal Code: 28731

Details

Updated on April 20, 2026 at 12:49 pm
  • Property ID 4332648
  • Price $599,000
  • Property Size 3085 m²
  • Bedrooms 4
  • Bathrooms 3
  • Garages 6
  • Garage Size x x
  • Year Built 1987
  • Property Type Duplex, Residential Income
  • Property Status Active, For Sale

Additional details

  • Utilities Cable Available,Electricity Connected,Propane
  • Sewer Septic Installed
  • Cooling Ceiling Fan(s),Central Air,Electric,Other - See Remarks
  • Heating Central,Propane
  • Flooring Carpet,Tile,Vinyl
  • County Henderson
  • Property Type Residential Income
  • Pool Fenced,Heated,In Ground
  • Parking Driveway,Attached Garage,Garage Faces Front,Tandem,Other - See Remarks
  • Elementary School Upward
  • Middle School Flat Rock
  • High School East Henderson

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The Simpson Group Realty
  • The Simpson Group Realty

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