Nestled in the scenic beauty of Black Mountain, these two beautifully maintained homes on Rainbow Lake Circle offer the perfect blend of privacy and convenience. Located just one mile from Chimney Rock Park’s Eagle Rock and only a short drive to Asheville, Hendersonville, and Lake Lure, you’ll have easy access to a variety of outdoor activities and local attractions.
Both homes come fully furnished, allowing you to immediately move in and enjoy the peaceful surroundings. Relax in the hot tub or unwind on the spacious decks, surrounded by the serenity of the trees. Whether you’re looking for a weekend retreat, a place to call home, or a great investment this property offers a unique opportunity to experience mountain living at its finest.
Come see for yourself why these homes are the perfect spot for both relaxation and adventure!
Closed
$360,000
42 Rainbow Lake Cir, Black Mountain, NC 28711
2beds
1,050sqft
Single Family Residence
Built in 1971
0.85 Acres Lot
$339,000 Zestimate®
$343/sqft
$1,689 Estimated rent
Home value
$339,000
$308,000 - $373,000
$1,689/mo
Zestimate® history
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Hot tubSpacious decksBeautifully maintained homesSerenity of the trees
Zillow last checked:
Listing updated:
Listed by:
Tyler Coon tyler@savvy.realty,
EXP Realty LLC
Bought with:
Sandra Kilgore
Kilgore & Associates RealEstat
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4215807
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: Upper
Primary bedroom
- Level: 2nd Living Quarters
Primary bedroom
- Level: Upper
Bathroom full
- Level: Main
Bathroom full
- Level: 2nd Living Quarters
Bathroom full
- Level: Main
Kitchen
- Level: Main
Kitchen
- Level: 2nd Living Quarters
Kitchen
- Level: Main
Laundry
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Living room
- Level: 2nd Living Quarters
Living room
- Level: Main
Heating
- Baseboard, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Electric Oven, Refrigerator, Washer/Dryer
- Laundry: Laundry Closet
Features
- Total Primary Heated Living Area: 699
- Has basement: No
Interior area
- Total structure area: 699
- Total interior livable area: 1,050 sqft
- Finished area above ground: 699
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1.5
- Has view: Yes
- View description: Mountain(s), Year Round
Lot
- Size: 0.85 Acres
Living quarters
- Secondary living space: 351 sqft
Details
- Parcel number: 063415374100000
- Zoning: OU
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Foundation: Pillar/Post/Pier
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: Rainbow Lake
Location
- Region: Black Mountain
Financial & listing details
- Price per square foot: $343/sqft
- Tax assessed value: $178,600
- Annual tax amount: $1,262
- Date on market: 1/30/2025
- Cumulative days on market: 37 days
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 4/10/2025 | Sold | $360,000-4%$343/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4215807 Report a problem | ||
| 2/14/2025 | Price change | $375,000-2.6%$357/sqft |
Source: Canopy MLS as distributed by MLS GRID #4215807 Report a problem | ||
| 1/30/2025 | Listed for sale | $385,000+13.2%$367/sqft |
Source: Canopy MLS as distributed by MLS GRID #4215807 Report a problem | ||
| 1/3/2023 | Sold | $340,000$324/sqft |
Source: Canopy MLS as distributed by MLS GRID #3900418 Report a problem | ||
| 10/24/2022 | Contingent | $340,000$324/sqft |
Source: Canopy MLS as distributed by MLS GRID #3900418 Report a problem | ||
| 10/18/2022 | Listed for sale | $340,000+4.6%$324/sqft |
Source: Canopy MLS as distributed by MLS GRID #3900418 Report a problem | ||
| 9/16/2022 | Contingent | $325,000$310/sqft |
Source: Canopy MLS as distributed by MLS GRID #3900418 Report a problem | ||
| 9/7/2022 | Listed for sale | $325,000+73.8%$310/sqft |
Source: Canopy MLS as distributed by MLS GRID #3900418 Report a problem | ||
| 11/10/2020 | Sold | $187,000+3.9%$178/sqft |
Source: Canopy MLS as distributed by MLS GRID #3673897 Report a problem | ||
| 10/23/2020 | Pending sale | $179,900$171/sqft |
Source: Keller Williams Realty Mountain Partners #3673897 Report a problem | ||
| 10/19/2020 | Listed for sale | $179,900+63.5%$171/sqft |
Source: Keller Williams Realty Mountain Partners #3673897 Report a problem | ||
| 8/13/2020 | Sold | $110,000$105/sqft |
Source: Public Record Report a problem | ||
| 7/18/2020 | Pending sale | $110,000$105/sqft |
Source: Keller Williams Professionals #3641400 Report a problem | ||
| 7/17/2020 | Listed for sale | $110,000+48.6%$105/sqft |
Source: Keller Williams Professionals #3641400 Report a problem | ||
| 6/5/2017 | Sold | $74,000-12.9%$70/sqft |
Source: Public Record Report a problem | ||
| 2/14/2017 | Listing removed | $85,000$81/sqft |
Source: Keller Williams - Hendersonville #3206409 Report a problem | ||
| 9/23/2016 | Price change | $85,000-10.5%$81/sqft |
Source: Keller Williams - Hendersonville #3206409 Report a problem | ||
| 8/16/2016 | Listed for sale | $95,000+11.8%$90/sqft |
Source: Keller Williams - Hendersonville #3206409 Report a problem | ||
| 8/12/2015 | Listing removed | $85,000$81/sqft |
Source: Owner Report a problem | ||
| 7/9/2015 | Price change | $85,000-4.5%$81/sqft |
Source: Owner Report a problem | ||
| 4/13/2015 | Price change | $89,000-7.3%$85/sqft |
Source: Owner Report a problem | ||
| 5/24/2014 | Price change | $96,000-4%$91/sqft |
Source: Owner Report a problem | ||
| 4/22/2014 | Listed for sale | $100,000+96.1%$95/sqft |
Source: Owner Report a problem | ||
| 8/14/2003 | Sold | $51,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,262 +4.3% | $178,600 |
| 2024 | $1,210 +3% | $178,600 |
| 2023 | $1,175 +11.7% | $178,600 +10% |
| 2022 | $1,052 | $162,400 |
| 2021 | $1,052 +90.4% | $162,400 +102.5% |
| 2020 | $553 | $80,200 |
| 2019 | $553 | $80,200 |
| 2018 | $553 | $80,200 +43% |
| 2017 | $553 +23.7% | $56,100 |
| 2016 | $447 +7% | $56,100 |
| 2015 | $417 | $56,100 |
| 2014 | $417 | $56,100 |
| 2013 | -- | $56,100 +5.8% |
| 2012 | -- | $53,000 |
| 2011 | -- | $53,000 |
| 2010 | -- | $53,000 |
| 2009 | -- | $53,000 |
Find assessor info on the county website
Neighborhood: 28711
Nearby homes
- $161,3001 bd1 ba522 sqft42 Rainbow Lake Cir #18, Black Mountain, NC 28711Off Market
- $597,0003 bd2 ba1.8k sqft48 Rainbow Lake Cir, Black Mountain, NC 28711Off Market
- $57,900-- bd-- ba276 sqft38 Rainbow Lake Cir, Black Mountain, NC 28711Off Market
- $196,2003 bd2 ba1.1k sqft56 Rainbow Lake Cir, Black Mountain, NC 28711Off Market
- $494,2003 bd2 ba2k sqft45 Rainbow Lake Cir, Black Mountain, NC 28711Off Market
- $312,0902 bd1 ba841 sqft34 Rainbow Lake Cir, Black Mountain, NC 28711Sold
- $194,9002 bd1 ba602 sqft30 Rainbow Lake Cir, Black Mountain, NC 28711For Sale
- $157,7002 bd1 ba968 sqft8 Old Bald Mountain Rd, Black Mountain, NC 28711Off Market
Nearby schools
GreatSchools rating
- 7/10Black Mountain ElementaryGrades: 4-5Distance: 10.3 mi
- 5/10Charles D Owen MiddleGrades: 6-8Distance: 11 mi
- 8/10Charles D Owen HighGrades: 9-12Distance: 11.4 mi
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Estimated market value
$339,000
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Estimated market value
$339,000
- North Carolina
- Buncombe County
- Black Mountain
- 28711
- 42 Rainbow Lake Cir
Nearby cities
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Other Black Mountain Topics
