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$415,000

  • For Sale
  • Active
  • Townhouse
  • 2 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 1 Car Garage
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Welcome to your end unit townhouse in Black Mountain right on the Rainbow Trail to Montreat! No rental restrictions! This breathtaking space boasts beautiful oak hardwood floors and soaring 9' ceilings, creating a bright and welcoming atmosphere. Chef's kitchen featuring generous 42" upper cabinets, soft-close drawers and doors, exquisite granite countertops, and modern stainless steel appliances. Private deck right off the living room-perfect for relaxing evenings or morning coffee. This unique unit has two master suites, each with spacious walk-in closets and en-suite bathrooms, ensuring your utmost privacy and comfort. One suite is oversized with room for sitting area or bunks. Could be spilt into 2nd and 3rd bedrooms with the straight forward addition of a wall. Both rooms have expansive seasonal mountain views. You'll love the convenience of a single-car garage with ample storage space & walk-in height crawl space under unit. 1.3 miles to the center of Black Mountain & Montreat.

Full Property Details for 220 Rainbow Terrace

General

  • Price: $415,000
  • HOA FEE: $210/month
  • Status: Active
  • Type: Townhouse
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4264765
  • Updated: 11/13/2025
  • Added to Site: 232 day(s) ago

Interior

  • Interior Features: Breakfast Bar, Entrance Foyer, Walk-In Closet(s)
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Upper - Full Baths: 2
  • Main - 1/2 Baths: 1

Bedrooms

  • Total Bedrooms: 2
  • Bedrooms Upper: 2

Other Rooms

  • Laundry: In Unit, Inside, Upper Level

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Driveway, Attached Garage

Location

  • County: Buncombe
  • Subdivision: Cottonwood
  • Driving Directions: GPS works. From Black Mountain take 70E to Padgettown Rd. Left on Padgettown Rd. Padgettown vears to the left and Brandon Rd splits to the right. Stay in the middle and go up the gravel rd- Rainbow Terrace. Last unit on right. End Unit- 220.

School Information

  • Elementary School: Black Mountain
  • Middle School: Charles D Owen
  • High School: Charles D Owen

Community

  • Assoc. Name: Cottonwood Townhomes
  • Pets Allowed: Yes
  • Pets: Yes

Heating & Cooling

  • Cooling Type: Heat Pump
  • Heating Type: Heat Pump

Utilities

  • Sewer: Public Sewer
  • Water: City
  • Utility Description: Cable Available, Electricity Connected

Structural Information

  • Architectural Style: Contemporary
  • Construction: Site Built
  • Exterior Const.: Fiber Cement
  • Roof: Architectural Shingle
  • Entry Floor Number: 1
  • Upper: 892 Sq. Ft.
  • Main/1st Level: 640 Sq. Ft.
  • Year Built: 2018

Manufactured Home

  • Land Included: Yes

Lot Features

  • Street/Road Desc.: Concrete, Gravel
  • Lot Features: Level, Sloped

Financial Considerations

  • Association Fee: $210
  • Assoc Fee Freq.: Monthly
  • Terms: Cash, Conventional, FHA, USDA Loan, VA Loan

Disclosures and Reports

  • Restrictions: Short Term Rental Allowed
  • Property ID: 0710-60-5713-00000
  • Plat: 0178/0092
  • Lot Number: 6240/824

Listed by Noble & Company Realty

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Listing agent

— 220 Rainbow Terrace —

  • Noble & Company Realty

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 220 Rainbow Terrace

School District:Buncombe County Schools
NameGradesDistance
Black Mountain Elementary
100 Flat Creek Road, Black Mountain, NC 28711
4-50.6 mi
Black Mountain Primary
301 East State Street, Black Mountain, NC 28711
PK-30.8 mi
Charles D Owen Middle
730 Old US Highway 70, Swannanoa, NC 28778
6-84 mi
Charles D Owen High
99 Lake Eden Road, Black Mountain, NC 28711
9-123.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 220 Rainbow Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/25/2025
Price Reduced
$415,000
-5.47%
MLS
9/23/2025
Price Reduced
$439,000
-0.23%
MLS
9/15/2025
Price Reduced
$440,000
-0.23%
MLS
9/07/2025
Price Reduced
$441,000
-0.23%
MLS
8/28/2025
Price Reduced
$442,000
-0.23%
MLS
7/07/2025
Price Reduced
$443,000
-1.12%
MLS
6/18/2025
Price Reduced
$448,000
-2.4%
MLS
6/13/2025
Price Reduced
$459,000
-1.71%
MLS
5/29/2025
Listed
$467,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 220 Rainbow Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,945
1%
$224,200
-5%
2023
$1,933
3%
$236,000
—
2022
$1,874
—
$236,000
—
2021
$1,874
12%
$236,000
22%
2020
$1,668
—
$193,600
100%
2019
$1,668
—
-100%
2018
$1,668
—
$193,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 220 Rainbow Terrace

$
Down Payment
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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Noble & Company Realty

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220 Rainbow Terrace, Black Mountain, NC 28711 (MLS# 4264765) is a Townhouse property with 2 bedrooms, 2 full bathrooms and 1 partial bathroom. 220 Rainbow Terrace is currently listed for $415,000 and was received on May 29, 2025. Want to learn more about 220 Rainbow Terrace? Do you have questions about finding other Townhouse real estate for sale in Black Mountain? You can browse all Black Mountain real estate or contact a Coldwell Banker agent to request more information.

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