For sale

$399,900

217 Rainbow Ridge Road, Zionville, NC 28698

2beds

1,985sqft

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Single Family Residence

Built in 2005

2.57 Acres Lot

$381,800 Zestimate^®

$201/sqft

$187/mo HOA

What's special

Summertime privacy

Back on the market through no fault of the property or sellers—this home appraised well above list price and is in excellent condition, priced to move. Nestled in the serene community of Carefree Cove, this fabulous log home offers breathtaking seasonal long-range layered views and summertime privacy. Relax on the balcony off the primary bedroom, or host guests in the lower-level guest suite complete with a mini kitchen—ideal for family, friends, or even an Airbnb rental. The community allows short-term rentals, making this well-kept cabin a great investment opportunity as well as a perfect retreat. Carefree Cove, located along the Ashe and Watauga county borders, is a gated neighborhood with meticulously maintained roads, a scenic walking trail, and friendly neighbors. A new storage shed adds extra convenience.

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Forced Air, Propane

Cooling

Central Air

Appliances

Included: Dryer, Dishwasher, Electric Range, Gas Water Heater, Refrigerator
Laundry: Dryer Hookup, In Basement, Main Level

Features

Hot Tub/Spa, Second Kitchen, Vaulted Ceiling(s), Window Treatments
Windows: Window Treatments
Basement: Crawl Space,Partially Finished
Number of fireplaces: 2
Fireplace features: Two, Gas, Stone, Vented

Interior area

Total structure area: 2,205
Total interior livable area: 1,985 sqft
Finished area above ground: 1,273
Finished area below ground: 712

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Property

Parking

Parking features: Driveway, Gravel, Private
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Exterior features: Storage, Gravel Driveway
Has spa: Yes
Spa features: Hot Tub
Has view: Yes
View description: Long Range, Seasonal View, Southern Exposure

Lot

Size: 2.57 Acres

Details

Additional structures: Guest House, Shed(s)
Parcel number: 111997924562

Construction

Type & style

Home type: SingleFamily
Architectural style: Log Home,Mountain
Property subtype: Single Family Residence

Materials

Log, Stone Veneer, Wood Frame
Roof: Architectural,Shingle

Condition

Year built: 2005

Details

Warranty included: Yes

Utilities & green energy

Sewer: Septic Permit 2 Bedroom
Water: Shared Well
Utilities for property: High Speed Internet Available

Community & HOA

Community

Features: Gated, Trails/Paths, Short Term Rental Allowed
Subdivision: Carefree Cove

HOA

Has HOA: Yes
HOA fee: $561 quarterly

Location

Region: Zionville

Financial & listing details

Price per square foot: $201/sqft
Annual tax amount: $1,509
Date on market: 6/12/2026
Listing terms: Cash,Conventional,New Loan,VA Loan
Road surface type: Gravel

Estimated market value

$381,800

$363,000 - $401,000

$2,106/mo

Price history

Date	Event	Price
6/12/2026	Listed for sale	$399,900-7%$201/sqft
Source: High Country AOR #262603 Report a problem
6/12/2026	Listing removed	$430,000$217/sqft
Source: High Country AOR #259821 Report a problem
6/11/2026	Listed for sale	$430,000$217/sqft
Source: High Country AOR #259821 Report a problem
4/28/2026	Contingent	$430,000$217/sqft
Source: High Country AOR #259821 Report a problem
1/28/2026	Listed for sale	$430,000$217/sqft
Source: High Country AOR #259821 Report a problem
1/25/2026	Listing removed	$430,000$217/sqft
Source: High Country AOR #257761 Report a problem
11/21/2025	Price change	$430,000-4.2%$217/sqft
Source: High Country AOR #257761 Report a problem
8/28/2025	Listed for sale	$449,000-2.2%$226/sqft
Source: High Country AOR #257761 Report a problem
8/14/2025	Listing removed	$459,000$231/sqft
Source: High Country AOR #253664 Report a problem
5/29/2025	Price change	$459,000-2.1%$231/sqft
Source: High Country AOR #253664 Report a problem
5/1/2025	Price change	$469,000-2.1%$236/sqft
Source: High Country AOR #253664 Report a problem
3/31/2025	Price change	$479,000-2%$241/sqft
Source: High Country AOR #253664 Report a problem
3/11/2025	Price change	$489,000-2%$246/sqft
Source: High Country AOR #253664 Report a problem
2/13/2025	Listed for sale	$499,000+103.7%$251/sqft
Source: High Country AOR #253664 Report a problem
2/15/2019	Sold	$245,000$123/sqft
Source: High Country AOR #203563 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: 28698

Getting around

0 / 100

Car-Dependent

Nearby schools

GreatSchools rating

7/10
Blue Ridge Elementary
Grades: K-6Distance: 11.5 mi
10/10
Ashe County Middle
Grades: 7-8Distance: 12.7 mi
3/10
Ashe County High
Grades: 9-12Distance: 13.4 mi

Schools provided by the listing agent

Elementary: Blue Ridge
High: Ashe County

Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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