220 Rainbow Ter

$415,000
Price
2
Beds
1,532 Sq. Ft.
$271 / Sq. Ft.
1,532
Sq. Ft.
$271
per Sq. Ft.

Description

Welcome to your end unit townhouse in Black Mountain right on the Rainbow Trail to Montreat! No rental restrictions! This breathtaking space boasts beautiful oak hardwood floors and soaring 9’ ceilings, creating a bright and welcoming atmosphere. Chef's kitchen featuring generous 42” upper cabinets, soft-close drawers and doors, exquisite granite countertops, and modern stainless steel appliances. Private deck right off the living room—perfect for relaxing evenings or morning coffee. This unique...Welcome to your end unit townhouse in Black Mountain right on the Rainbow Trail to Montreat! No rental restrictions! This breathtaking space boasts beautiful oak hardwood floors and soaring 9’ ceilings, creating a bright and welcoming atmosphere. Chef's kitchen featuring generous 42” upper cabinets, soft-close drawers and doors, exquisite granite countertops, and modern stainless steel appliances. Private deck right off the living room—perfect for relaxing evenings or morning coffee. This unique unit has two master suites, each with spacious walk-in closets and en-suite bathrooms, ensuring your utmost privacy and comfort. One suite is oversized with room for sitting area or bunks. Could be spilt into 2nd and 3rd bedrooms with the straight forward addition of a wall. Both rooms have expansive seasonal mountain views. You'll love the convenience of a single-car garage with ample storage space & walk-in height crawl space under unit. 1.3 miles to the center of Black Mountain & Montreat.

Property Details for 220 Rainbow Terrace

Architectural Style
Contemporary
Parking Features
Driveway, Attached Garage
Subdivision Name
Cottonwood
LISTING UPDATED: 11/13/2025 02:12 PM

Property Details for 220 Rainbow Terrace

StatusActive
MLS #4264765
Days on Market200
Taxes-
HOA Fees$210 / month
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential / Townhouse
Year Built2018
Lot Size0.04 AC / 1,742 SF
CountyBuncombe County

Location

Listing Courtesy of Noble & Company Realty
Add your commute

Building Information for 220 Rainbow Terrace

Stories-Residences-Year Built2018Lot Size0.04 AC / 1,742 SF

Payment Calculator

$2,423 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,051

Property Taxes

$162

HOA Dues

$210

The Payment Calculator is for illustrative purposes only.

Property Information for 220 Rainbow Terrace

Summary
Location and General Information
  • Longitude: -82.310291
  • Latitude: 35.630316
  • Directions: GPS works. From Black Mountain take 70E to Padgettown Rd. Left on Padgettown Rd. Padgettown vears to the left and Brandon Rd splits to the right. Stay in the middle and go up the gravel rd- Rainbow Terrace. Last unit on right. End Unit- 220.
Taxes and HOA Information
  • HOA YN: Yes
  • HOA Name: Cottonwood Townhomes
  • HOA Subject To: Required
  • HOA Subject To Dues: Mandatory
  • HOA Annual Expense: $2,520.00
  • Tax Assessed Value: $236,000.00
  • Parcel Number: 0710-60-5713-00000
  • City Taxes Paid To: Black Mountain
School Information
  • Middle Or Junior School: Charles D Owen
  • High School: Charles D Owen
  • Elementary School: Black Mountain
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage Spaces: 1.0
  • Garage YN: Yes
  • Garage Main Level YN: Yes
Property
Lot Information
  • Above Grade Finished Area: 1532.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Lower: 0
  • Sq Ft Main: 640
  • Sq Ft Third: 0
  • Sq Ft Unheated Main: 322
  • Sq Ft Unheated Total: 322
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 892
  • Sq Ft Total Property HLA: 1532.0
  • Lot Features: Level, Sloped
  • Lot Size Units: Acres
  • Property Type: Residential
Property and Assessments
  • Geocode Confidence: High
  • Down Payment Resource YN: Yes
  • New Construction YN: No
  • Photos Count: 40
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Senior Community YN: No
  • Land Included YN: Yes
  • Plat Book Slide: 0178/0092
  • Proposed Special Assessment: No
  • Restrictions: Short Term Rental Allowed
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City
Interior and Exterior Features
Exterior Features
  • Construction Materials: Fiber Cement
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Road Surface Type: Concrete, Gravel
  • Roof: Architectural Shingle
  • Entry Location MLS: Main
Interior Features
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Levels: Two
  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Interior Features: Breakfast Bar, Entrance Foyer, Walk-In Closet(s)
  • Laundry Features: In Unit, Inside, Upper Level
  • Entry Level: 1
  • Fireplace YN: No
  • Flooring: Tile, Wood
  • Foundation Details: Crawl Space
  • Basement YN: No
  • Bedroom Main: 0
  • Bedroom Upper: 2
  • Full Bath Main: 0
  • Full Bath Upper: 2
  • Half Bath Main: 1
  • Half Bath Upper: 0
Room Information
Room Information
  • Room Count: 8.0
Room 1
  • Room Types: Kitchen
  • Room Level: Main
Room 2
  • Room Types: Bathroom-Half
  • Room Level: Main
Room 3
  • Room Types: Living Room
  • Room Level: Main
Room 4
  • Room Types: Dining Room
  • Room Level: Main
Room 5
  • Room Types: Primary Bedroom
  • Room Level: Upper
Room 6
  • Room Types: Bathroom-Full
  • Room Level: Upper
Room 7
  • Room Types: 2nd Primary
  • Room Level: Upper
Room 8
  • Room Types: Laundry
  • Room Level: Upper
Rental
Rent Information
  • Pets Allowed: Yes

Property History for 220 Rainbow Terrace

DateEvent & SourcePriceAppreciation
Sep 25, 2025

Price Change

CANOPY #4264765

$415,000
Sep 23, 2025

Price Change

CANOPY #4264765

$439,000
Sep 15, 2025

Price Change

CANOPY #4264765

$440,000
Sep 7, 2025

Price Change

CANOPY #4264765

$441,000
Aug 28, 2025

Price Change

CANOPY #4264765

$442,000
Jul 7, 2025

Price Change

CANOPY #4264765

$443,000
Jun 18, 2025

Price Change

CANOPY #4264765

$448,000
Jun 13, 2025

Price Change

CANOPY #4264765

$459,000
May 29, 2025

Listed (Active)

CANOPY #4264765

$467,000
Sep 19, 2019

Closed

CANOPY #3408213

$257,000
Sep 9, 2019

Closed (Public Record)

Public Record #653111799

$257,000
Aug 14, 2019

Under Contract-No Show

CANOPY #3408213

Jul 1, 2018

Listed (Active)

CANOPY #3408213

$269,900
Jan 12, 2017

Expired

CANOPY #3206895

$279,900
Aug 16, 2016

Listed (Active)

CANOPY #3206895

$279,900
DateEvent & SourcePrice
09/25/2025

Price Change

CANOPY #4264765

$415,000
09/23/2025

Price Change

CANOPY #4264765

$439,000
09/15/2025

Price Change

CANOPY #4264765

$440,000
09/07/2025

Price Change

CANOPY #4264765

$441,000
08/28/2025

Price Change

CANOPY #4264765

$442,000
07/07/2025

Price Change

CANOPY #4264765

$443,000
06/18/2025

Price Change

CANOPY #4264765

$448,000
06/13/2025

Price Change

CANOPY #4264765

$459,000
05/29/2025

Listed (Active)

CANOPY #4264765

$467,000
09/19/2019

Closed

CANOPY #3408213

$257,000
09/09/2019

Closed (Public Record)

Public Record #653111799

$257,000
08/14/2019

Under Contract-No Show

CANOPY #3408213

07/01/2018

Listed (Active)

CANOPY #3408213

$269,900
01/12/2017

Expired

CANOPY #3206895

$279,900
08/16/2016

Listed (Active)

CANOPY #3206895

$279,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 220 Rainbow Terrace

Taxable ValueLand-Additions-Total-
Tax Record2025$1,945 ($162 / month)
Home Facts
Beds2Baths2.5Total Finished SqFt1,400 SqFtAbove Grade Finished SqFt1,400 SqFtLot Size1,742 SqFtStyleTownhouseYear Built2016ZoningDEED DATE: 20CountyBUNCOMBEAPN0710-60-5713-00000

Schools near 220 Rainbow Terrace

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Black Mountain Primary
PublicPK to 3

Black Mountain Elementary
Public4 to 5

Charles D Owen Middle
Public6 to 8

Charles D Owen High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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220 Rainbow Terrace is a townhouse for sale in Black Mountain, NC 28711. This property was listed for sale on May 29, 2025 by Noble & Company Realty, it's currently listed at $415,000. It has been on the market for a total of 200 days and was last sold on September 19, 2019. This listing's school district is Buncombe County Schools. Nearby schools include Black Mountain Primary, Black Mountain Elementary and Charles D Owen Middle. 220 Rainbow Terrace is a 2-bed, 3-bath, 1,532 sqft townhouse built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Noble & Company Realty

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/15/2025 04:34 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.