GreyRock at Lake Lure Fact Sheet
GreyRock at Lake Lure (GreyRock) is a private, gated community about one hour east of Asheville, North Carolina consisting of about 425 homesites spread across almost 2,500 acres of pristine mountain woodlands overlooking spectacular Lake Lure.
The GreyRock Lifestyle
GreyRock’s homesites are spaced along winding, paved roads and in cul-de-sacs tucked into aged forests providing owners with breathtaking, long-range views of mountain splendor. The community is filled with native vegetation, woodland streams, and precious wildlife. Owners share their mountain with deer, black bears, bobcats and wild turkeys, to name a few. Walking or biking through the private community brings the sights, sounds, and feelings of becoming one with nature to everyday life.
GreyRock is located adjacent to the 1,527-acres of Buffalo Creek Park, one of the largest municipal parks in North Carolina. From Buffalo Creak Park, the emerging Hickory Nut Gorge network of foot and bike trails will stretch across the western part of the state and link GreyRock to Chimney Rock and other state parks. These trails provide owners a nearly-endless extension of their opportunities to experience the natural beauty of America’s southern Appalachians.
Lake Lure and Surrounding Areas
The Lake Lure area offers rich complements to the GreyRock residents’ mountain lifestyle. For recreation there is sunbathing and swimming at the beach in Rumbling Bald, paddle boarding and kayaking on Lake Lure, fishing throughout Hickory Nut Gorge, and exercise, Yoga and Tai Chi classes at the Rumbling Bald Wellness Center.
In the evening there are performances at the Flat Rock Playhouse in Hendersonville. In Rutherfordton, the Rutherford County Arts Council supports a wide-range of activities headlined by live performances at the Maple Street Theater. The art community of Black Mountain is a short drive to the northwest. GreyRock is less than an hour’s drive to the unique shopping, art galleries, and restaurants of Asheville including the year-round splendor of the Biltmore Estate.
Community Governance and Leadership
GreyRock is governed by the GreyRock Community Association, Inc (GRCA). The control of GRCA by lot owners is unique for a community still in development and is the outcome of the bankruptcy of the original developer. The GRCA is governed by a Board of Directors with members elected by lot owners on a rotating basis at the GRCA Annual Meeting. The GRCA’s administrative affairs are currently managed by IPM Corp., PO Box 580 Arden, NC 28704-0580. Stephanie Clark is GRCA’s community property manager.
GRCA currently owns and has available for purchase 32 residential lot parcels within Phases 1 and 2 of the development, including lots in two cluster-housing areas (comprised of 16.9 acres and 39.8 acres respectively). Some of the lots in Phases 1 and 2 may be traded for by owners in undeveloped Phase 3 areas.
GreyRock is a gated community. Realtors wanting to show properties can obtain a personalized gate code from IPM through the phone numbers listed above. Access is available through both the East Gate (off of Buffalo Creek Road) and West Gate (off of Rock Creek Road). In the near future the East Gate gatehouse will house maps and materials for Realtors to use when visiting GreyRock with clients. All roads in Phases 1 and 2 are paved and have signage.
Home Construction Philosophy
The homesites are generously sized to allow owners to perfectly balance home design with the breathtaking mountain views and forest settings that surround them. Architectural requirements governed by the Design Review Board set standards of design and construction among all owners and provide environmental sustainability and preservation of natural resources. Throughout GreyRock, native habitat is maximized to provide park-like beauty, privacy and natural forest ambiance for residents.
Utilities and Security
Electricity: Duke Energy has installed electric service to approximately 40% of the lots in Phases 1 and 2 and will provide underground power to lots on cul-de-sacs in Phases 1 and 2 when the Design Review Board approves the design of a home to be built on the road. Please contact the Board at GreyRockBoard@aol.com if you want to know about electric service to a particular lot within GreyRock.
Water: A groundwater source exploration study in 2013 confirmed there is sufficient well water available in GreyRock. Currently owners must install private wells when constructing their home. In the future the Board plans to investigate a community-wide water system when it becomes economically feasible to do so.
Security: The GRCA Board has engaged Rumbling Bald Security to drive through GreyRock at random times and upon Board request to ensure security within GreyRock.
Annual: The GRCA sets budgets and assessments annually. The annual assessment is set to reflect the costs of operating GreyRock. For 2021 the annual assessment for owners in Phases 1 and 2 is $850;the under developed Phase 3 is $300.
Special: To cover the cost of electric service installation in Phases 1 and 2, the Board imposed a specific assessment of $15,000 per lot in Phases 1 and 2. Payments of this Specific Assessment were due initially in early 2015. Some unsold and foreclosed upon lots may continue to owe this specific assessment.
A Reserve Study for GRCA was completed and updated in 2019 that included recommended options for development of a plan to properly maintain the property. The Reserve Account funding is reviewed annually and is adjusted to reflect funding needs for road maintenance, other infrastructure, and construction of amenities, including a clubhouse.
Spectacular mountains. Spectacular lake. Spectacular opportunities.
The GRCA Board and Mar-Com Committee volunteers welcome all Realtors and prospective owners who have an interest in GreyRock to visit our beautiful mountain community. A true jewel of natural beauty and allure has been realized in western North Carolina. Indeed, the privacy and pleasures of this special place called GreyRock combine to create Luxury Mountain living in a class by itself.