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$2,400,000
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Property Description
Welcome to beautiful 13 acre Rainbow Lake. Nestled in a valley 15m from dtown Brevard along the trophy trout waters of the East Fork. Consisting of 12 (11 residences, 1 maintenance bldg) structures on a private 3-acre lake. All homes have high-efficiency central heat pumps & mini-splits. Rainbow lake is fed by 3 streams, one from a large watershed & two from nearby springs, which empties over a 14-ft waterfall that flows into the East Fork (Walkable from property) of the French Broad River. The resort is a 35m drive to Avl airport, 60m from dtown Asheville. Rainbow Lake & The East Fork are regularly stocked & is designated trout trophy waters. Presently, the 1,000 sq.ft. pavilion can be utilized as a reception, presentation, or education center w parking for 80 vehicles, storage shed & food prep area. Additional land on the ridge for expansion. Great potential for Vacation rentals, ed. center, family compound, private community, retreat/seminar center, vacation resort, & more.
Full Property Details
Full Property Details for 204 Rainbow Lake Dr
General
- Sold For: $2,400,000
- Status: Closed
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4147994
- Added to Site: 617 day(s) ago
Location
- County: Transylvania
- Driving Directions: From Downtown Brevard: S. Broad West onto N. Country Club Rd. Follow to Walnut Hollow Rd. Take Walnut Hollow to East Fork Rd. Turn Left onto Rainbow Lake. Follow Rainbow Lake signs to property.
Structural Information
- # Buildings: 12
- Construction: Site Built
- Exterior Const.: Other - See Remarks
- Roof: Other - See Remarks
- Year Built: 1960
Lot Features
- Street/Road Desc.: Gravel, Paved
- Lot Features: Creek Front, Green Area, Creek/Stream, Wooded, Waterfall, Waterfront
Water Features
- Water Front Name: Rainbow Lake
Disclosures and Reports
- Inclusions: Building, Land
- Property ID: 8572-34-2898-000
- Lot Number: 267
Listed by Premier Sotheby’s International Realty
Sold by Premier Sotheby’s International Realty
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Schools
Schools serving 204 Rainbow Lake Dr
School District:Transylvania County Schools
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 204 Rainbow Lake Dr
Date
Details
Price
Change
Source
11/15/2024
Sold
$2,400,000
-17.24%
MLS
6/17/2024
Listed
$2,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
204 Rainbow Lake Drive, Brevard, NC 28712 (MLS# 4147994) is a Commercial property that was sold at $2,400,000 on November 15, 2024. Want to learn more about 204 Rainbow Lake Drive? Do you have questions about finding other Commercial real estate for sale in Brevard? You can browse all Brevard real estate or contact a Coldwell Banker agent to request more information.

