48 Rainbow Lake Circle Black Mountain, NC $ 725,000
48 Rainbow Lake Circle
$ 725,000
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48 Rainbow Lake Circle

Black Mountain, NC, 28711
$ 725,000
Bedrooms3 Baths2.0 Sq 1,808

Monthly Estimate*

$ 5,007

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Single Family Home for sale in Black Mountain, NC

for $725,000 with 3 bedrooms and 2 full baths. This 1,808 square foot home was built in 2023 on a lot size of 1.85.

Discover this exceptional fully furnished Blue Ridge retreat in a secluded mountain setting fused with the appeal of an active vacation rental. Nestled among mature woodlands in Black Mountain, this distinctive property presents an attractive blend of personal enjoyment, existing rental activity, and future income potential. For the investor seeking a desirable hospitality asset or the buyer envisioning a private mountain escape, this offering delivers versatility with lasting appeal. A welcoming covered porch sets the tone for a memorable mountain experience, inviting guests and owners alike to enjoy misty mornings, changing foliage, and evenings immersed in the tranquility of the mountains. Inside, the well appointed and functional main Great Room creates an inviting atmosphere for holiday gatherings and intimate occasions, with a fireplace adding warmth and character to the experience. The full basement offers opportunity to expand heated living area, accommodate additional guests, or introduce amenities that further enhance rental performance. Whether as a personal residence, multigenerational haven or income-producing getaway, this property represents an opportunity to combine mountain ownership with investment potential in one of Western North Carolina's most desired destinations.

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Single Family Active

Price

$ 725,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Contemporary,Ranch

Lot Size

1.85

Year Built

2023

Town/City

Black Mountain

County/Region

Buncombe

MLS | Web ID

4430519

Features
General
Living Area 1808
Sewer Septic Installed
Heating Heat Pump
Cooling Heat Pump
Utilities Electricity Connected Propane
Roof Architectural Shingle
Appliances Dishwasher Electric Oven Gas Cooktop Gas Water Heater Refrigerator Tankless Water Heater
Development Status Completed
Zoning OU
Garage Spaces 2
Patio/Porch Features Covered Deck Wrap Around
Architectural Style Contemporary Ranch
Construction Materials Vinyl
Year Built 2023
Levels One
Property Subtype Single Family Residence
Parcel Number 0634-15-4778-00000
County Buncombe
New Construction N
Property Type Residential
HOA N
Subdivision Name Rainbow Lake
Garage Y/N Y
Other Structures Outbuilding
Full Baths 2
Directions See GPS via Morgan Hill Rd. US 74 ALT E to slight left on Village Rd. L onto Garren Creek Rd then R onto Morgan Hill Rd to NC 9S. L onto Shumont Rd to L onto Rainbow Lake Circle. Property is on ri
High School Charles D Owen
City Black Mountain
Senior Community Y/N N
Open Parking Spaces 3
Lot Size Units Acres
Carport Y/N N
Elementary School Black Mountain
Middle/Junior High School Charles D Owen
Additional Parcels Y/N N
Standard Status Active
Construction Type Off Frame Modular
Tax Assessed Value 484800
Listing Terms Cash Conventional
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Interior
Basement Unfinished
Flooring Laminate
Fireplace Features Gas Propane
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1808
Half Baths 0
Laundry Features Laundry Room Main Level Washer Hookup
Total Bedrooms 3
Below Grade Finished Area 0
Total Baths 2
SqFt Main 1808
SqFt Lower 0
SqFt Upper 0
Bedroom 3
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Exterior
Exterior Amenities Hot Tub
Parking Features Basement Driveway Attached Garage
Lot Features Wooded Views
Water Source Well
Lot Size Area 1.85
Foundation Details Basement
Road Surface Type Gravel Paved
Other Equipment Fuel Tank - Owned
Road Responsibility Private Maintained Road
Main Level Garage YN N
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Internal Only
Street Number 1 48
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* Excluded Features
List By
Exp Realty Llc

Broker

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$5,007
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Monthly Principal & Interest
$5,007
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2091927 Elementary School
2091928 Middle School
Charles D Owen High School High School
Pricing History
DatePricePrice ChangeDescription
11/4/2026$725,000 Listed Price

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48 Rainbow Lake Circle, Black Mountain, NC, 28711 is a Single Family Home for sale at $725,000 with 1,808 sqft and a lot size of 1.85. 48 Rainbow Lake Circle has 3 bedrooms, 2.0 baths, and was built in 2023. The property's zip code is 28711 which is in Black Mountain, NC