361 Rainbow Lake Drive, Brevard NC
- 2 Bed
- 1 Bath
- 1108 ft2
- 1.5 ac
For Sale $315,000
Remarks:
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, rose garden 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.
Exterior Features:
Fire Pit
General Information:
| List Price: | $315,000 |
| Status: | For Sale |
| Bedrooms: | 2 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1108 sqft |
| Parking: | Circular Driveway |
| MLS Number: | CAR4327446 |
| Subdivision: | Rainbow Lake |
| Style: | Cottage |
| Bathrooms: | 1 |
| Lot Description: | Corner Lot, Wooded |
| Year Built: | 1963 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Brevard |
| Middle: | Brevard |
| High: | Brevard |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-07-2025 | Listed | $315,000 | $285 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Rosman Elementary | 3 miles | KG-05 | 8 |
| T C Henderson Elementary | 7 miles | KG-05 | 9 |
| Pisgah Forest Elementary | 9 miles | KG-05 | 8 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 361 Rainbow Lake Drive, Brevard NC | 0 mi | $315,000 | days | |
| 413 Rainbow Lake Drive, Brevard NC | 0.2 mi | $187,500 | days | |
| 118 Blossom Road, Brevard NC | 0.6 mi | $239,000 | days | |
| 38 Renea Drive, Brevard NC | 0.6 mi | $359,500 | days | |
| 180 Blossom Road, Brevard NC | 0.6 mi | $435,000 | days | |
| 140 Adams Drive, Brevard NC | 0.7 mi | $262,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28712
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By White Squirrel Realty
361 Rainbow Lake Drive, Brevard NC is a 1108 ft2 on a 1.450 acres lot. This is for $315,000. This has 2 bedrooms, 1 baths, and was built in 1963.
Based on information submitted to the MLS GRID as of 2025-12-07 11:16:48 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
