48 Rainbow Lake Circle
Black Mountain, NC, 28711
$725,000
- 3beds
- 2baths
- 1,808sq ft
- 2023year built
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How we figured this
ZERO Closing Costs covers origination $1,300, appraisal $500, title & settlement $1,046, owner’s title insurance $1,604, credit, flood & data fees $160 and lower government recording fees & taxes $90, priced for Buncombe, NC with 20% down. Restrictions apply.
Hope Foster, REALTOR®
Your CapCenter agent · 757-274-1537
Questions? Call (804) 648-4357
About this home
- Gas fireplace
- Attached garage
- Basement
- Tankless water heater
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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Location
Property details
Important details
- Status
- Active
- Date listed
- 11/4/2026
- Time on Market
- 6 hours
- Property Type
- Single Family Residence
- List Price
- $725,000
- Price/Sq. Ft
- $401
- Living area
- 1,808 sq. feet
- Lot Size
- None listed
- Year Built
- 2023
- County
- Buncombe
- Community
- Rainbow Lake
- HOA
- No
Interior details
- Bathrooms
- 2 Full
- Basement
- Unfinished
- Fireplace
- Yes - Gas, Propane
- Heating
- Heat Pump
- Cooling
- Heat Pump
- Rooms
- 7 Total, 3 Bedrooms
- Appliances
- Dishwasher, Electric Oven, Gas Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater
Building & lot
Building
- Architectural Style
- Contemporary, Ranch
- Living Area
- 1,808 sq ft
- Property Type
- Single Family Residence
- Year Built
- 2023
- Flooring
- Laminate
- Roof
- Shingle
Lot Info
- Parcel Number
- 0634-15-4778-00000
Exterior Features
- Pool
- No
Parking
- Parking Features
- Basement, Driveway
- Garage
- Yes (Attached)
Ownership
Community details
School Districts
- Elementary
- Black Mountain
- Middle
- Charles D Owen
- High
- Charles D Owen
Utilities
- Sewer
- Septic Tank
- Water
- Well
Neighborhood
- Subdivision
- Rainbow Lake
- HOA
- No
- Zoning
- OU
Taxes & Assessment
- Tax Assessed Value
- $484,800
Listing information
Realty Agent
Listing Details
- Service
- Full Service
- MLS System
- CMLS
- MLS ID
- 4430519
- MLS Status
- Active
Listed by: EXP Realty LLC
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