See Home Value
Transylvania 28712
359 Rainbow Lake Drive
$550,000
● House - Off Market

359 Rainbow Lake Drive

Brevard, NC 28712
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,863 Ft²
$2,785
Est. Monthly

About This Property

This beautifully remodeled mid-century retreat is hidden at the end Rainbow Lake.  Think of floor to ceiling windows bathing the main floor in natural light, eco friendly engineered bamboo floors and a wood burning stove warming the winter (serviced in Feb 2026). All three bathrooms and four bedrooms, including the master ensuite, have been remodeled. Maybe you can turn one room into your office? Did you see the freestanding claw foot bathtub?  New kitchen and appliances.  Every window has been replaced with Pella (even the front door).  

For your toys or hobbies you won't find better space:  a 30' x 40'  free standing pole barn, with light and power. Plus, a downstairs garage and hobby room, insulated and wired to support everything from an electric vehicle to a welding machine.

Updates in the last 5 years include a new dual fuel furnace and upstairs mini split. New roof in 2021. All new ceiling fans with remote controls. 6 inch gutters and downspouts, LED lighting and Lutron smart lights that are controllable from phone, new kitchen appliances, electrical upgraded to 220 volts in both garage and carport, ultra wide entry steps with large decks in front and back of house.

Start your day with coffee on the back deck, see the sun filter its way through the forest trees. After work, sit on the front porch and watch the orange sunsets. Finish your evening on the screen porch and enjoy the gentle breeze.
Unit Size
1,863 Ft²
Days on Market
-
Land Size
1.40 acres
Price per sqft
$304
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972

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Last updated: 4 months ago (CANOPYMLS #CAR4364404)

Price History

Date / Event Date Event Price
Jul 1, 2026 Sold
Sold
May 14, 2026 In contract -
In contract
Apr 19, 2026 Listed by Looking Glass Realty $567,000
Listed by Looking Glass Realty
Apr 21, 2022 Sold
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1990
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Cover: 9
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 23

    Dimensions

  • Lot Size Square Feet: 1,228,392
  • Total Building Area: 1,462
  • Building Area: 1,462
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 0
  • Heated Square Feet: 1,462
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000028200
  • Standard Land Use Code: 1001
  • County Land Use Code: 101
  • Legal Description 1: OFF ROAD # 1107

Neighborhood

  • School District Name: Transylvania County Schools
  • Census Tract: 960403

Geography

  • Assessors Map Reference: T311 00066 06
  • Account Number: 70558720
  • District: 6
  • Parcel: 8572-44-6761-000
  • Municipality: ESTATOE
  • Latitude: 35.1329
  • Longitude: -82.7657

    Address

  • Full Address: 359 Rainbow Lake Dr
  • Address - House Number: 359
  • Address - Street Name: Rainbow Lake
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Brevard
  • Carrier Code: R001
  • 4-Digit Zip Code: 7721
  • Zip Code: 28712

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $231,774
  • Tax Rate Code Area: FR05

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Sep 06, 2023
  • Confidence Score: 67
  • Final Value: 609,363
  • High Value: 752,210
  • Low Value: 466,516

    Market Valuation

  • Market Total Value: $393,270
  • Market Land Value: $250,980
  • Market Improvement Value: $142,290

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $393,270
  • Assessed Land Value: $250,980
  • Assessed Improvements Value: $142,290

    Sales

  • Current Sale Contract Date: Apr 20, 2022
  • Current Sale Recording Date: Apr 21, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2614
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Transylvania


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Frequently Asked Questions

When was property at 359 Rainbow Lake Drive built and last sold?
The property at 359 Rainbow Lake Drive was built in 1972 and last sold on Apr 20, 2022 for $455,500.
How much is this home worth?
The estimated value of the home located at 359 Rainbow Lake Drive is $0.
What are some comparable homes to 359 Rainbow Lake Drive?
There are currently no comparable homes to 359 Rainbow Lake Drive.