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  • $293,000

    361 Rainbow Lake Dr, Brevard, NC 28712

    2beds
    1,108sqft
    Single Family Residence
    Built in 1963
    1.45 Acres Lot
    $295,500 Zestimate®
    $264/sqft
    $1,804 Estimated rent

    Home value

    $295,500

    $245,000 - $355,000

    $1,804/mo

    Zestimate® history
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    What's special

    One level livingOpen level lotEstablished garden areaCentral heat and airPotting shedTwo bedroom cottageBack up propane heater
    Charming and updated, this two bedroom cottage is ready for new owners. The one level living with storage below could be a year-round or seasonal residence for you. The living room and kitchen area feels open and bright with abundant natural light flowing through the space and classic, cabin style cabinetry and counters. There is a front covered porch overlooking the front yard and gardens and a side open 10x10 sun deck and potting shed. The open level lot features an established garden area, and fire-pit area with impressive rock retaining wall. This property captures the essence of outdoor living in the mountains. This private location is only 15 minutes to downtown Brevard, less than 5 minutes to world class trout rivers on East Fork and downtown Rosman only a few miles away. The cell phone reception is two bars with Verizon and the internet speed is 82 Mbps down and 32Mbps upload, more than enough for streaming and working remotely. The home does have central heat and air with a back up propane heater that works even if the power is out. In the summer, the wooded lot offers a shaded canopy keeping you cool and in winter the sunlight pours in with southern exposure. Under the house is room to store your toys and is where the HVAC system is located. If you are looking for entry level mountain living and want a home that is move-in ready in this price range, take a serious look at what this property offers. No HOA or dues in the Rainbow Lake community.

    Zillow last checked:

    Listing updated:

    Listed by:

    Isaac Allen isaac@whitesquirrelrealty.com,

    White Squirrel Realty

    Bought with:

    Karla Marie Bertlshofer

    Hummingbird Ridge LLC

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4327446MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Oven, Refrigerator
    • Laundry: Other
    Features
    • Flooring: Wood
    • Has basement: No
    Interior area
    • Total structure area: 1,108
    • Total interior livable area: 1,108 sqft
    • Finished area above ground: 1,108
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Circular Driveway
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Front Porch
    • Exterior features: Fire Pit
    • Waterfront features: None
    Lot
    • Size: 1.45 Acres
    • Features: Corner Lot, Wooded
    Details
    • Additional structures: Shed(s)
    • Parcel number: 8572442528000
    • Zoning: None
    • Special conditions: Standard
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence
    Materials
    • Wood
    • Foundation: Crawl Space
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

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

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Rainbow Lake
    Location
    • Region: Brevard
    • Elevation: 2000 Feet

    Financial & listing details

    • Price per square foot: $264/sqft
    • Tax assessed value: $140,620
    • Annual tax amount: $67,568
    • Date on market: 12/6/2025
    • Cumulative days on market: 73 days
    • Listing terms: Cash,Conventional
    • Electric utility on property: Yes
    • Road surface type: Gravel

    Price history

    DateEventPrice
    3/18/2026Sold$293,000-3.9%$264/sqft
    Source: Canopy MLS as distributed by MLS GRID #4327446 Report a problem
    2/12/2026Price change$305,000-1.6%$275/sqft
    Source: Canopy MLS as distributed by MLS GRID #4327446 Report a problem
    2/2/2026Price change$310,000-1.6%$280/sqft
    Source: Canopy MLS as distributed by MLS GRID #4327446 Report a problem
    12/6/2025Listed for sale$315,000+384.6%$284/sqft
    Source: Canopy MLS as distributed by MLS GRID #4327446 Report a problem
    6/1/2018Sold$65,000$59/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$67,568 +14768.7%$140,620 +103.7%
    2024$454 $69,030
    2023$454 $69,030
    2022$454 +0.8%$69,030
    2021$451 +8.1%$69,030 +15.1%
    2020$417 +0.7%$59,960
    2019$414 +16.3%$59,960
    2018$356 $59,960
    2017-- $59,960
    2016-- $59,960 -7.3%
    2015$289 $64,700
    2014$289 $64,700
    2013-- $64,700
    2012-- $64,700
    2011-- $64,700
    2010-- $64,700
    Find assessor info on the county website

    Neighborhood: 28712

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Brevard
    • Middle: Brevard
    • High: Brevard

    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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