48 Rainbow Lake Circle
Black Mountain, NC 28711
Est. $4,603/mo20% down · 7.125% · 30-yrAdjust
- P&I$3,908
- Taxes$453
- Insurance$242
- PMI$0
- HOA$0
Principal, interest, property tax, insurance & HOA. Estimate only — not a loan offer.
$401/Sq Ft
3 bd · 2 ba · 1,808 sqft · $401/sqft
About This Home
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.
Property history
-
Nov 4, 2026Listed for sale $725,000 ActiveListed 1 Day
-
Aug 1, 2026Status changed to Off Market $620,000 Off MarketActive -> Off Market
-
May 29, 2026Price reduced $620,000 ActiveWas $697,000
Show 4 more Show less
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Feb 24, 2026Price reduced $697,000 ActiveWas $710,000
-
Feb 5, 2026Price reduced $710,000 ActiveWas $755,000
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Jan 12, 2026Price reduced $755,000 ActiveWas $850,000
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Dec 8, 2025Previously listed $620,000 Off Market
Property Details
Interior Details
- Heating
- Heat Pump
- Flooring
- Laminate
- Room Count
- 7
- Half Bathrooms
- 0
- Unheated Sq Ft
- 1807
- Total Bathrooms
- 2
- Laundry Features
- Laundry Room
- Main Level
- Washer Hookup
- Main Level Sq Ft
- 1808
- Fireplace Features
- Gas
- Propane
- Main Level Bedrooms
- 3
- Main Level Full Baths
- 2
- Main Level Half Baths
- 0
- Unheated Basement Sq Ft
- 1807
Dwelling And Structure
- Construction Type
- Off Frame Modular
- Architectural Style
- Contemporary
- Ranch
Square Footage And Levels
- Levels
- One
- Above Grade Finished Area
- 1808
Parking And Garage
- Open Parking
- true
- Parking Features
- Basement
- Driveway
- Attached Garage
- Open Parking Spaces
- 3
Exterior Features
- Roof
- Architectural Shingle
- Exterior Features
- Hot Tub
- Construction Materials
- Vinyl
- Patio And Porch Features
- Covered
- Deck
- Wrap Around
Lot And Land
- Lot Features
- Wooded
- Views
- Lot Size Acres
- 1.85
- Lot Size Units
- Acres
- Other Structures
- Outbuilding
Basement And Foundation
- Basement
- Unfinished
- Foundation Details
- Basement
Utilities
- Sewer
- Septic Installed
- Utilities
- Electricity Connected
- Propane
- Water Source
- Well
Financial Information
- City Taxes Paid To
- No City Taxes Paid
Zoning And Restrictions
- Zoning
- OU
- Subject To Ccrs
- No
Listed by Lisa Yoli (828-610-8810) · EXP Realty LLC (888-584-9431)
Location
- Address
- 48 Rainbow Lake Circle
- City
- Black Mountain, NC 28711
- Community
- Rainbow Lake
Schools
- Elementary
- Black Mountain
- Middle
- Charles D Owen
- High
- Charles D Owen
School assignments may change. Contact the school district to confirm.
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