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$755,000 -$95,000 (-11.18%) Price Reduced

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 2 Car Garage
  • Updated 3 days ago
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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.

Full Property Details for 48 Rainbow Lake Cir

General

  • Price: $755,000
  • Status: Active
  • Type: Single Family
  • Source: Charlotte_Regional_Realtor_Association
  • MLS ID: 4322893
  • Updated: 1/13/2026
  • Added to Site: 39 day(s) ago

Interior

  • Fireplace: Yes
  • Fireplace(s): Gas, Propane, Gas, Propane
  • Appliances: Dishwasher, Electric Oven, Gas Cooktop, Gas Water Heater, Refrigerator, Tankless Water Heater
  • Flooring: Laminate

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main - Full Baths: 2

Bedrooms

  • Total Bedrooms: 3
  • Bedrooms Main & Up: 3

Other Rooms

  • Laundry: Laundry Room, Main Level, Washer Hookup

Additional Information

  • Equipment: Fuel Tank - Owned

Exterior

  • Exterior Features: Hot Tub

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Basement, Attached Garage

Location

  • County: Buncombe
  • Subdivision: Rainbow Lake

School Information

  • High School: Charles D Owen

Heating & Cooling

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

Utilities

  • Sewer: Septic Installed
  • Water: Well
  • Utility Description: Electricity Connected, Propane

Structural Information

  • Construction: Off Frame Modular
  • Exterior Const.: Vinyl
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Architectural Shingle
  • Main/1st Level: 1,843 Sq. Ft.
  • Year Built: 2023

Lot Features

  • Street/Road Desc.: Gravel
  • Lot Features: Wooded, Views
  • Rcmdd Zoning: OU

Financial Considerations

  • Terms: Cash, Conventional, Other - See Remarks

Disclosures and Reports

  • Property ID: 0634-15-4778-00000
  • Lot Number: 2398-643

Listed by George Real Estate Group Inc

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Listing agent

— 48 Rainbow Lake Cir —

  • George Real Estate Group Inc

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 48 Rainbow Lake Cir

School District:Buncombe County Schools
NameGradesDistance
Black Mountain Primary
301 East State Street, Black Mountain, NC 28711
PK-310.3 mi
Black Mountain Elementary
100 Flat Creek Road, Black Mountain, NC 28711
4-510.3 mi
Charles D Owen Middle
730 Old US Highway 70, Swannanoa, NC 28778
6-811.1 mi
Charles D Owen High
99 Lake Eden Road, Black Mountain, NC 28711
9-1211.3 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 48 Rainbow Lake Cir Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Price Reduced
$755,000
-11.18%
MLS
12/08/2025
Listed
$850,000
1900%
MLS
12/29/2021
Sold
$42,500
—
Public Record
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 48 Rainbow Lake Cir

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,426
1377%
$484,800
1277%
2023
$232
2%
$35,200
—
2022
$228
—
$35,200
—
2021
$228
16%
$35,200
24%
2020
$196
—
$28,500
—
2019
$196
—
$28,500
—
2018
$196
1%
$28,500
—
2017
$194
-8%
$28,500
—
2015
$212
—
$28,500
—
2014
$212
—
$28,500
—
2013
$212
—
$28,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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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 George Real Estate Group Inc

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48 Rainbow Lake Circle, Black Mountain, NC 28711 (MLS# 4322893) is a Single Family property with 3 bedrooms and 2 full bathrooms. 48 Rainbow Lake Circle is currently listed for $755,000 and was received on December 08, 2025. Want to learn more about 48 Rainbow Lake Circle? Do you have questions about finding other Single Family 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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