I'm envisioning a creature with the base morphology of the Chinese mythological shenlong ('god dragon'), albeit mammalian, with bat-like features: soft, dark brown fur, consecutive sets of leather wings that continue to grow out from down the length of its spine as it ages over the course of its natural approximately 400 year lifespan, ultimately looking like some nightmarish ferret with a thin, tubular body (up to 12-15 feet long? 250-400 pounds?), the ability to gracefully tuck its wings back (a la hippogriff), and a set of dexterous, raccoon-like forelegs which allow it to slither-sprint for short bursts along the ground in addition to being capable of longer-range flight.
The singular most horrifying thing about the creature is its mouth - an biomechanical abomination of evolution featuring 3 interlocking "teeth": prehensile cartilage-lubricated dental columns which lock together to form a cephalic jaw when not in use but split apart to become a set of razor-coated stalactites which it rotates along the roll axis of its face to quickly liquify prey (bones and all) into a yummy, bloody, high-protein slop paste that evenly distributes along the length of its gut, allowing it to get back in the air almost immediately after feeding with the additional weight evenly distributed.
Like a bat, it hunts at night, primarily during the long nights of the winter season, but employs a stealth-based ambush hunting strategy closer to that of an owl, plunging from the sky to smash its prey to the ground and disable it so it can begin to feed. Because it hunts at night, is highly intelligent, and hibernates in the summer, few humans have ever even seen one and lived to tell the tale, and its unknown how many of the creatures exist or where they nest (deep in the mountains) - there could just be 3-4 really hungry ones or there could be hundreds up there, but who really wants to go outside and check?
This provides an underlying rationale for why and how a moderately-pissed humanity hasn't collectively teamed up to exterminate these things into a line of high-end designer rugs yet - even when it attacks a group of brave (stupid) night-venturing humans and carries one off, nobody has much time to even react, much less get into a finer zoological study of the creature. The relative fragility of the wings can provide you with a softball opening for human-demonferret interaction that isn't immediately and inevitably lethal should your plot call for it.
You'll want to have the thing be evolutionarily blessed with a few other quirks - a slow metabolism (one adult human man-meal should satiate it for 2-3 weeks), stomach acid with an extremely low pH capable of digesting the bone it pulverizes and consumes when feeding in order to grow its wings, have probably some notably weird, canonically non-mammalian way of eliminating waste (e.g. sweating everything out in lieu of a single-stream ability to piss), a notable capability for anerobic respiration (fuzzy cuddle snake no need breathe right now), and a relatively late-stage (150+ years old) sexual maturity culminating in a almost-not-mammalian birth (think platypus).
The concept's pretty versatile in terms of how you want to frame the overall tone around it - is it a total nightmare scourge that adult men wet the bed over every night? It's smart; is it empathetic, albeit naive with a childlike ignorance to the horror it inspires? Do its big, long, soft ears flap back and forth in an obnoxious, almost sort of cute way while it's disintegrating your legs with its garbage disposal face? Is it curious? Does it hunt only out of necessity to feed itself and its young or does it seriously just enjoy watching the light leave the eyes of whatever/whoever it snatches? Can its horror-fangs be contorted into what's unmistakably a genuine, benevolent smile? Does it pair bond? Do males and females both hunt? Does it make cute noises to communicate with its own kind, or does it make awful, guttural nightmare sounds indistinguishable from the screams of its prey being fed on? Does it have the capacity to befriend humans instead of turning us into an endless supply soylent green, and if it does, would it ever choose to?
These questions are yours to answer, though it seems a common theme to cast even the most awful and terrifying of predatory mammals as having some semblance of redemptive qualities, as the casting would usually dictate something more reptilian and explicitly coded as unfeeling if its purpose is confined to merely being a backgrounded horror, antagonist, or controlling presence.
Hope this gives you some ideas either way. Good luck!