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Closed

42 Rainbow Lake Circle

Black Mountain, NC 28711

Closed Closed Jan 3, 2023 Listing ID CAR 77111683

$340,000

$659/Sq Ft

Sold

2 bd · 2 ba · 516 sqft · $659/sqft

2 Beds
2 Baths
516 Sq Ft
$659/Sq Ft
1971 Built
.85 acres Single Family Residence Rainbow Lake Listed Sep 7, 2022 Updated Jan 3, 2023 HOA None

About This Home

Investors take note! Two homes on Rainbow Lake Circle in Black Mountain are both successful short-term vacation rentals (grossed $63K in 2021) and close to the amenities of Chimney Rock and Lake Lure. These homes come fully furnished and all future bookings will convey.

This turn-key investment is ready to move in. Just one mile from Chimney Rock Park's Eagle Rock and a short drive to Asheville, Hendersonville, Black Mountain, and Lake Lure. You and your guests will enjoy soaking in the hot tub in the private seclusion of the trees.

Come make your dreams of mountain living a reality!

Property Details

Interior Details

Heating
  • Baseboard
  • Electric
Flooring
  • Laminate
Sqftmain
420
Roomcount
11
Sqftlower
0
Sqftthird
0
Sqftupper
96
Sqftgarage
0
Bedroommain
1
Fullbathmain
1
Halfbathmain
0
Half Bathrooms
0
Bedroomsecondlq
1
Total Bathrooms
2
Fullbathsecondlq
1
Halfbathsecondlq
0
Laundry Features
  • Main Level
Sqftunheatedmain
0
Interior Features
  • Hot Tub
  • Pantry
Mainlevelgarageyn
0
Sqftunheatedlower
0
Sqftunheatedthird
0
Sqftunheatedtotal
0
Sqftunheatedupper
0
Fireplace Features
  • Living Room
  • Other - See Remarks
Sqfttotalpropertyhla
844
Sqftunheatedbasement
0
Sqftsecondlivingquarters
0
Sqftsecondlivingquartershla
328

Dwelling And Structure

Architectural Style
  • A-Frame

Square Footage And Levels

Levels
  • One and One Half
Living Area Units
Square Feet
Above Grade Finished Area
516
Below Grade Finished Area
0

Parking And Garage

Parking Features
  • Driveway

Exterior Features

Roof
  • Metal
Construction Materials
  • Vinyl
  • Wood
Patio And Porch Features
  • Deck

Lot And Land

Lot Size
0.85
Lot Features
  • Private
  • Sloped
  • Wooded
  • Wooded
Lot Size Units
Acres

Basement And Foundation

Foundation Details
  • Pillar/Post/Pier

Waterfront And View

View
  • Mountain(s)
  • Winter
Waterfront Features
  • None

Utilities

Sewer
  • Septic Installed
Water Source
  • Well

Financial Information

Citytaxespaidto
No City Taxes Paid
Hoasubjecttodues
No
Proposedspecialassessmentyn
0

Zoning And Restrictions

Zoningspecification
O U

Listed by Clarissa Marshall (828-774-6343) · EXP Realty LLC Asheville (888-584-9431)

Location

Address
42 Rainbow Lake Circle
City
Black Mountain, NC 28711
Community
Rainbow Lake
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Schools

Elementary
Black Mountain
Middle
Charles D Owen
High
Charles D Owen

School assignments may change. Contact the school district to confirm.

Canopy MLS

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