48 Rainbow Lake Circle
Active
MLS# CAR4430519 · 1 days on market

48 Rainbow Lake Circle

Black Mountain, NC 28711 · Rainbow Lake

$725,000$401/sqft
Beds3
Baths2
Sq Ft1,808
Lot1.85 ac
$/SqFt$401
DOM1

Architectural Narrative

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.

At a Glance

Bedrooms3
Full Baths2
Half Baths0
Property TypeSingle Family Residence
StyleContemporary
Year Built2023
LevelsOne
Garage2 spaces

Community & Resources

Community
Rainbow Lake
Black Mountain, NC
County
Buncombe
NC · 28711
High School
Charles D Owen
Assigned district
Middle School
Charles D Owen
Assigned district
Elementary
Black Mountain
Assigned district
Tax Assessed
$484,800
County record

Property Facts

Property Type
Single Family Residence
Year Built
2023
Stories / Levels
One
Living Area (SqFt)
1,808
Above Grade SqFt
1,808
Full Bathrooms
2
Lot Size
1.85 acres
Zoning
OU
Parcel #
0634-15-4778-00000
Tax Assessed Value
$484,800

Appliances

DishwasherElectric OvenGas CooktopGas Water HeaterRefrigeratorTankless Water Heater

Heating, Cooling & Utilities

Heating
Heat Pump
Cooling
Heat Pump
Flooring
Laminate
Fireplace
Gas, Propane
Laundry
Laundry Room, Main Level, Washer Hookup
Water Source
Well
Sewer
Septic Installed
Utilities
Electricity Connected, Propane

Exterior & Parking

Architectural Style
Contemporary, Ranch
Construction
Vinyl
Foundation
Basement
Roof
Architectural Shingle
Garage
2 spaces
Parking
Basement, Driveway, Attached Garage
Patio / Porch
Covered, Deck, Wrap Around
Exterior Features
Hot Tub

Lot Features

WoodedViews

Gallery

Listing courtesy of EXP Realty LLC · Lisa Yoli · Listed 11/04/2026

Listings courtesy of Canopy MLS as distributed by MLS GRID. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties displayed may be listed or sold by various participants in the MLS. Data last updated recently. © 2026 MLS members. All rights reserved.

48 Rainbow Lake Circle
Black Mountain, NC · $725,000