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42 Rainbow Lake Circle, Black Mountain, NC 28711

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For Sale

$375,000

2 beds • 2 baths • 699 sqft

Estimated Payment

$ 1,966 /mo. †

6.85% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $536.48
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Nestled in the scenic beauty of Black Mountain, these two beautifully maintained homes on Rainbow Lake Circle offer the perfect blend of privacy and convenience. Located just one mile from Chimney Rock Park s Eagle Rock and only a short drive to Asheville, Hendersonville, and Lake Lure, you ll have easy access to a variety of outdoor activities and local attractions. Both homes come fully furnished, allowing you to immediately move in and enjoy the peaceful surroundings. Relax in the hot tub or unwind on the spacious decks, surrounded by the serenity of the trees. Whether you re looking for a weekend retreat, a place to call home, or a great investment this property offers a unique opportunity to experience mountain living at its finest. Come see for yourself why these homes are the perfect spot for both relaxation and adventure!
MLS# 4215807

Courtesy Of EXP REALTY LLC

(888) 584-9431

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Dryer, Refrigerator
  • Architecture Style
    Other
  • Heating System
    Baseboard
  • Lot Size
    0.85 Acres
  • View Type
    Mountain

Map and Directions

Directions to 42 Rainbow Lake Circle, Black Mountain, NC 28711

Home seller CENTURY 21 Mountain Lifestyles

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Mountain Lifestyles

(828) 684-2640
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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,966
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,966

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Black Mountain Primary School

Grades PK-3 Public School

Black Mountain, NC 28711 10.3 miles
301 e state st

326 total students
11:1 Student teacher ratio

School Rating: B

School Details

Black Mountain Elementary School

Grades 4-5 Public School

Black Mountain, NC 28711 10.3 miles
100 flat creek rd

184 total students
13:1 Student teacher ratio

School Rating: C+

School Details

C.d. Owen Middle School

Grades 6-8 Public School

Swannanoa, NC 28778 11.1 miles
730 old us 70 hwy

465 total students
12:1 Student teacher ratio

School Rating: C

School Details

Charles D. Owen High School

Grades 9-12 Public School

Black Mountain, NC 28711 11.7 miles
99 lake eden rd

706 total students
14:1 Student teacher ratio

School Rating: B+

School Details
Other Nearby Schools Distance Type Grades School Rating
Timbersong Academy - Bat Cave 3.7 miles Private 9-12
Asheville Academy 4.2 miles Private 6-10

Timbersong Academy - Bat Cave

Distance: 3.7 miles

Type Private

Grades: 9-12

Asheville Academy

Distance: 4.2 miles

Type Private

Grades: 6-10

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Black Mountain, NC 28711

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Black Mountain, NC 28711

This community’s employment is highest in the sales and administrative support industries. The area’s overall household expenses are above the national average.

82° July
Hottest Average Month
24° January
Coldest Average Month
6,705 Total Households in Area
1.8% Increase in population since the year 2010
17.2%
of households
have children
21 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Black Mountain, NC 28711

Black Mountain, NC 28711 has a population of 15,874 people in 6,705 households with a median age of 55.1 years old.

1.8%
Increase in population
since the year 2010
Population is Trending up
6,523
Total households as of 2010
3.8%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 55.1 years old. The smallest percentage group is 65-74 years and the largest percentage is the 12-17 years age range.

Community Population By Ethnicity

White 86%
Hispanic 5%
Black 4%
Other 3%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 86%, followed by Hispanic at 5%, Black at 4%, and Other at 3%.

Economics
for Black Mountain, NC 28711

163 /sq mi
Population Density
$60,784 /yr
Median Household Income
$340,000
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 15.83% of the households.

Transportation to Work

  • Drive 82%
  • Work from Home 12%
  • Walk or Bike 6%
  • Public Transit 0%

Occupancy by Type

Owned 4,680 55%
Rented 2,025 24%
Vacant 1,838 22%

White vs Blue Collar Jobs







White Collar 76%
Blue Collar 24%

Family & Education Facts
for Black Mountain, NC 28711

55.1 Median Age

Average Household Size

2.2
persons per
household

52.1%

Married Households

Community Population By Education

Bachelors Degree 28%
High School Graduate 25%
Graduate Degree 20%
Some College 10%
Some High School 9%
Associates Degree 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 28.27% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
17.3% of households have children

Weather
for Black Mountain, NC 28711

The weather for this area ranges from a high of 82° F in July to a low of 24° F in January

82° July
Hottest Average Month
24° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
24°
46°
Feb
26°
48°
Mar
32°
56°
Apr
39°
66°
May
48°
73°
Jun
55°
79°
Jul
59°
82°
Aug
59°
81°
Sep
52°
75°
Oct
41°
67°
Nov
32°
57°
Dec
26°
48°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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There's more to learn about Black Mountain, NC 28711!
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Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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