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  • Price cut: $25.1K (7/31)
    $924,900

    1029 Rainbow Cir, Lake Lure, NC 28746

    4beds
    2,847sqft
    : 
    $5,537/mo
    Get pre-qualified
    Single Family Residence
    Built in 2015
    0.8 Acres Lot
    $901,100 Zestimate®
    $325/sqft
    $54/mo HOA

    What's special

    Private dockDiscreetly placed hot tubLarge open kitchenExpansive decksWall of windowsWater slideSoaring riverstone gas fireplace
    Imagine waking up to breathtaking views of Little Mirror Lake from your very own log cabin retreat. Nestled in the coveted Riverbend at Lake Lure community, this stunning property is the perfect blend of rustic charm and modern comfort, and the seller is sweetening the deal with a $7,500 closing credit! Step inside and be greeted by a dramatic 2-story great room, bathed in natural light from a wall of windows, anchored by a gorgeous riverstone gas fireplace. The open kitchen is ideal for gathering, while the main-level primary suite offers a peaceful escape after a day on the water. Upstairs, a lofted sitting area with stunning views connects two additional bedrooms and a full guest bath. Head downstairs to the ultimate entertainment zone, complete with billiards and table tennis, a second primary suite with an en-suite bath, and convenient laundry facilities. Step outside to expansive decks on both levels, a tucked-away hot tub for starlit soaks, and a beautifully designed path leading to your private lakefront dock — complete with a water slide for endless summer fun! Already an active short-term rental, this fully furnished, turnkey gem is ready to generate income or simply become your family's favourite getaway. Contact us today for a private showing!
    362 days
    976
    58

    Zillow last checked:

    Listing updated:

    Listed by:

    Galen Walter 828-329-9213,

    LPT Realty, LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4294592MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 3
      • 1/2 bathrooms: 2
      • Main level bedrooms: 1
      Primary bedroom
      • Features: En Suite Bathroom, Walk-In Closet(s)
      • Level: Main
      Bedroom s
      • Level: Upper
      Bedroom s
      • Level: Upper
      Bathroom full
      • Level: Main
      Bathroom half
      • Level: Main
      Bathroom full
      • Level: Upper
      Bathroom full
      • Level: Basement
      Bathroom half
      • Level: Basement
      Other
      • Features: Walk-In Closet(s)
      • Level: Basement
      Other
      • Level: Lower
      Dining area
      • Level: Main
      Family room
      • Level: Basement
      Other
      • Level: Main
      Kitchen
      • Level: Main
      Laundry
      • Level: Basement
      Other
      • Level: Upper
      Heating
      • Heat Pump
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Electric Range, Microwave, Refrigerator with Ice Maker
      • Laundry: In Basement, Lower Level
      Features
      • Basement: Daylight,Finished,Walk-Out Access
      • Fireplace features: Gas Log, Great Room
      Interior area
      • Total structure area: 1,850
      • Total interior livable area: 2,847 sqft
      • Finished area above ground: 1,850
      • Finished area below ground: 997

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Features
      • Levels: One and One Half
      • Stories: 1.5
      • Patio & porch: Balcony, Covered, Deck, Porch, Rear Porch, Wrap Around
      • Has spa: Yes
      • Spa features: Heated
      • Has view: Yes
      • View description: Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Beach - Public, Paddlesport Launch Site - Community, Dock, Other - See Remarks, Waterfront
      • Body of water: Little Mirror Lake
      Lot
      • Size: 0.8 Acres
      • Features: Sloped, Wooded, Views
      Living quarters
      • Secondary features: Interior Connected,Separate Kitchen Facilities,Separate Living Quarters
      Details
      • Parcel number: 1611740
      • Zoning: Single Family RES
      • Special conditions: Undisclosed,None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin
      • Property subtype: Single Family Residence
      Materials
      • Log, Wood
      Condition
      • New construction: No
      • Year built: 2015

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: Well
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Features: Lake Access, Pond, Recreation Area, Walking Trails
      • Subdivision: Riverbend at Lake Lure
      HOA
      • Has HOA: Yes
      • HOA fee: $650 annually
      • HOA name: Town & Country Management
      • HOA phone: 864-450-9188
      Location
      • Region: Lake Lure
      • Elevation: 1500 Feet

      Financial & listing details

      • Price per square foot: $325/sqft
      • Tax assessed value: $655,100
      • Date on market: 9/1/2025
      • Cumulative days on market: 321 days
      • Listing terms: Cash,Conventional,Other - See Remarks
      • Electric utility on property: Yes
      • Road surface type: Concrete, Paved

        Estimated market value

        $901,100

        $856,000 - $946,000

        $4,231/mo

        Price history

        DateEventPrice
        7/31/2026Price change$924,900-2.6%$325/sqft
        Source: Canopy MLS as distributed by MLS GRID #4294592 Report a problem
        3/13/2026Listed for sale$950,000$334/sqft
        Source: Canopy MLS as distributed by MLS GRID #4294592 Report a problem
        2/28/2026Listing removed$950,000$334/sqft
        Source: Canopy MLS as distributed by MLS GRID #4294592 Report a problem
        12/3/2025Price change$950,000-5%$334/sqft
        Source: Canopy MLS as distributed by MLS GRID #4294592 Report a problem
        9/1/2025Listed for sale$1,000,000+29%$351/sqft
        Source: Canopy MLS as distributed by MLS GRID #4294592 Report a problem
        12/3/2021Sold$775,000+3.3%$272/sqft
        Source: Canopy MLS as distributed by MLS GRID #3794037 Report a problem
        10/13/2021Contingent$750,000$263/sqft
        Source: Canopy MLS as distributed by MLS GRID #3794037 Report a problem
        10/9/2021Listed for sale$750,000+2400%$263/sqft
        Source: Canopy MLS as distributed by MLS GRID #3794037 Report a problem
        2/8/2013Sold$30,000$11/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025-- $655,100
        2024$3,478 +0.1%$655,100
        2023$3,473 +13.4%$655,100 +44%
        2022$3,064 +17.6%$454,800 +16.8%
        2021$2,605 $389,400
        2020$2,605 $389,400
        2019-- $389,400 +10.8%
        2018$2,345 $351,500
        2016$2,345 $351,500 +727.1%
        2013$2,345 $42,500
        2011-- $42,500
        2010-- $42,500
        2009-- $42,500
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28746

        Getting around

        0 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Pinnacle
        • Middle: R-S Middle
        • High: R-S Central

        Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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