48 Rainbow Lake Circle, Black Mountain NC
- 3 Bed
- 2 Bath
- 1843 ft2
- 1.9 ac
For Sale $850,000
Remarks:
See it to believe it! This 2023 extended length modular on a full unfinished basement is a beauty and a beast. Unscathed from the storm, the buried propane tank and full home generator even kept neighbors refrigerators running! Selling completely furnished with a long list of additional items that can be negotiated to convey. Open floor plan 3/2 on the main floor. Over an acre lot provides privacy. The 100K wrap around deck includes jacuzzi, grill, and patio furniture! No HOA. It’s “up and out there” for a reason, to leave the hustle and bustle for a true mountain getaway! Pack the pantry and freezer and plan on doing nothing but reading, grilling, jacuzzi soaking, and rocking chair gazing as the sun goes down for days on end in the beautiful Blue Ridge Mountains. And for a change of pace, Asheville and Hendersonville are under a hour away. See notes on directions and access.
Exterior Features:
Hot Tub
General Information:
| List Price: | $850,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1843 sqft |
| Parking: | Basement, Attached Garage |
| MLS Number: | CAR4322893 |
| Subdivision: | Rainbow Lake |
| Bathrooms: | 2 |
| Lot Description: | Wooded, Views |
| Year Built: | 2023 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Unspecified |
| Middle: | Unspecified |
| High: | Charles D Owen |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 12-09-2025 | Listed | $850,000 | $462 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Lake Lure Classical Academy | 6 miles | KG-06 | 4 |
| Fairview Elementary | 9 miles | KG-05 | 7 |
| Edneyville Elementary | 10 miles | KG-05 | 4 |
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 |
| 48 Rainbow Lake Circle, Black Mountain NC | 0 mi | $850,000 | days | |
| 30 Rainbow Lake Circle, Black Mountain NC | 0.1 mi | $259,000 | days | |
| 34 Rainbow Lake Circle, Black Mountain NC | 0.1 mi | $325,000 | days | |
| 685 Shumont Road, Black Mountain NC | 0.2 mi | $190,000 | days | |
| 630 Shumont Road, Black Mountain NC | 0.3 mi | $474,900 | days | |
| 107 Fawns Rest None, Black Mountain NC | 0.4 mi | $1,500,000 | 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)
| Property Taxes |
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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 28711
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Occupancy Types |
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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 George Real Estate Group Inc
48 Rainbow Lake Circle, Black Mountain NC is a 1843 ft2 on a 1.850 acres lot. This is for $850,000. This has 3 bedrooms, 2 baths, and was built in 2023.
Based on information submitted to the MLS GRID as of 2025-12-09 11:45:56 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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