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About This Home
This 4-bedroom, 3-bathroom residential multi family at 40 Country Bear Lane in Flat Rock, NC is listed for $599,000. Built in 1987, on a 1.10 acres lot.
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.
Key Features
- Built in 1987
- 1.10 acre lot
- Private pool
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$3,204/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
40 Country Bear Lane
Flat Rock, NC 28731
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 4-bedroom, 3-bathroom residential multi family at 40 Country Bear Lane is listed at $599,000. The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.
Key features include: Built in 1987, 1.10 acre lot, Private pool, Fireplace.
This property is listed by Mary Helen Letterle and can be reached at 8287823515 or maryhelen@mhl-advisors.com.








