Black Mountain Sold Homes

Rainbow Estates recently sold

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Sold for $450,000 on May 9, 2024
29 Drop Off Drive
Black Mountain, NC 28711

List Price: $450,000
Square Feet: 1020
Beds: 3
Baths: 2 full
Subdivision: Rainbow Estates
Acres: 5.15

SPECTACULAR LONG-RANGE VIEWS! Enjoy VIEWS FOR MILES from this stunning 3BA/2BA cabin on 5.15 acres of breathtaking wooded land, offering picturesque hiking and birdwatching opportunities. Skyrunner internet connection offers impressive Wifi speed of 500+ Mbps. All furniture, furnishings, and decor convey at list price, providing a true cabin in the woods experience. Enjoy resplendent views from every angle w/ the bonus of spotting Mount Mitchell in the distance. New Electric HVAC system was installed in March 2024, complete w/ a 10-yr warranty. With over 200 five-star reviews from happy renters and generates approximately $30k/yr in rental income, making it a great investment opportunity. 30-45 mins from Asheville, Hendersonville, Black Mountain, Old Fort, Lake Lure, and Chimney Rock State Park, making it the perfect base for exploring the vibrant culture and natural beauty of the area. Short-term rentals permitted.

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Data updated June 14, 2024.