542 Rainbow Rd

$575,000
Price
3
Beds
2,046 Sq. Ft.
$281 / Sq. Ft.
2,046
Sq. Ft.
$281
per Sq. Ft.

Description

Whether you love fishing, hunting, or camping under the stars, this property offers endless outdoor enjoyment and adventure. Located just outside the quaint town of Mountain City, this lovely ranch-style home sits on an impressive 11.16± acres, offering estate living at its best. A charming blend of traditional white brick and a warm cavern clay exterior creates a distinctive and timeless appeal. Featuring 3-4 bedrooms and 2 full baths—one on each level—the home boasts an inviting family room with...Whether you love fishing, hunting, or camping under the stars, this property offers endless outdoor enjoyment and adventure. Located just outside the quaint town of Mountain City, this lovely ranch-style home sits on an impressive 11.16± acres, offering estate living at its best. A charming blend of traditional white brick and a warm cavern clay exterior creates a distinctive and timeless appeal. Featuring 3-4 bedrooms and 2 full baths—one on each level—the home boasts an inviting family room with vaulted ceilings and exposed beams, a spacious eat-in kitchen with updated cabinetry and appliances, and convenient access to the wraparound and side covered porches, perfect for relaxing and enjoying the peaceful surroundings. The partially finished basement includes a cozy den and sleeping area, an expansive pantry and storage zone, and a workshop space, along with a one-car drive-under garage. Professionally and naturally landscaped, the property invites you to explore its barn/shed, ATV and walking trails, and the true highlight—a beautiful pond surrounded by open meadows. Enjoy privacy, seclusion, and long-range mountain views, all just minutes from the charming downtown area with its local restaurants, antique shops, and retail stores. Additional features include a two-car carport and gazebo, both conveying with the sale. Experience life in the great state of Tennessee and the beauty of the Blue Ridge Mountains. Close to Lake Watauga, Watauga Lake Winery, DMRA, Virginia Creeper & Appalachian Trails, Boone NC, Western North Carolina ski slopes, Bristol Motor Speedway, and all Tri-Cities area attractions. Enjoy all four seasons—this one-of-a-kind property is ready to welcome you home. Call today to schedule your private showing of 542 Rainbow Road. Buyer/buyer's agent to verify all information.
  1. Listed by Elizabeth Cornett • Ace Realty

Property Details for 542 Rainbow Road

Architectural Style
Ranch, Traditional
View
Mountain(s), Creek/Stream
Zoning
Residential
Subdivision
Not Listed
LISTING UPDATED: 12/04/2025 02:59 PM

Property Details for 542 Rainbow Road

StatusActive
MLS #9968103
Days on Market546
Taxes$1,152 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1978
Lot Size11.16 AC / 486,129 SF
CountyJohnson County

Location

Listing Courtesy of Ace Realty, Elizabeth Cornett (423.471.1652)
Add your commute

Building Information for 542 Rainbow Road

Stories-Year Built1978Building Size-Lot Size11.16 AC / 486,129 SF

Payment Calculator

$2,937 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,841

Property Taxes

$96

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 542 Rainbow Road

Summary
Location and General Information
  • City: Mountain City
  • County: Johnson
  • Directions: Take Hwy 421 S. Turn right onto Hwy 167 at Food Lion crossroads. Next right onto Rainbow Road. Approximately .3 miles turn right into property. Property is signed.
  • Latitude: 36.45
  • Longitude: -81.80
  • Postal Code: 37683
  • State Or Province: TN
  • Topography: Farm Pond, Part Wooded, Pasture, Sloped
  • MLS Area Major: 316 - Mtn. City/Johnson County
  • MLS Area Minor: 316 - Mtn. City/Johnson County
  • General Property Description : Zoning: Residential
Taxes and HOA Information
  • Tax Book Number: 201
  • Association/Amenities: Landscaping
  • Association: No
  • Parcel Number: 055 026.00
  • Association Fee: 0.0
  • General Property Description : Deed Book: 201
  • General Property Description : Deed Page: 919
  • Location Tax Legal Info : City Taxes: $.00
  • Location Tax Legal Info : County Taxes: $1,151.96
School Information
  • High School: Johnson Co
  • Middle Or Junior School: Johnson Co
  • Elementary School: Mountain City
Parking
  • Garage Spaces: 1.00
  • Attached Garage: No
  • Carport Spaces: 2.00
Property
Lot Information
  • Lot Size Dimensions: See acres
  • Lot Size Square Feet: 486,129.60
  • Lot Size Acres: 11.16
  • Lot Features: Pasture
  • Lot Size Area: 11.16
  • Lot Size Units: Acres
  • Living Area: 2,046.00
  • Building Area Total: 2,046.00
  • General Property Description : Acres: 11.16
  • General Property Description : Above Grade SqFt: 1143.0
  • General Property Description : Total SqFt Unfinished: 0.0
  • SqFt Details : Finished SqFt Level: 1143
  • SqFt Details : Basement Total SqFt: 903
  • SqFt Details : Garage Total SqFt: 240
Property and Assessments
  • Property Condition: Above Average
  • Property Type: Residential,Single Family Residence
  • Year Built: 1978
  • Property Sub Type: Single Family Residence
  • Property Type Label: Residential
  • New Construction: No
  • Showing Instructions : Sign: Yes
Utilities
  • Sewer: Septic Tank
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Heat Pump
  • Fireplace Features: Basement, Flue, Living Room
  • Interior Features: Primary Downstairs, Eat-in Kitchen, Kitchen/Dining Combo, Pantry
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Other Structures: Barn(s), Gazebo
  • Bathrooms Total Decimal: 2.00
  • Basement: Exterior Entry, Interior Entry, Partially Finished
  • Flooring: Ceramic Tile, Hardwood, Vinyl
  • Rooms Total: 8
  • Bathrooms Total Integer: 2
  • Bathrooms Total Notational: 2.00
  • Cooling: Yes
  • Heating: Yes
  • Levels: One
  • Fireplace: Yes
  • BedroomsTotal: 3
  • Bathrooms Full: 2
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace : Living Room: Yes
  • Other Rooms : Workshop: Yes
Exterior Features
  • Exterior Features: Garden
  • Construction Materials: Brick
  • Fencing: Privacy
  • Parking Features: Deeded, Asphalt, Carport, Garage Door Opener
  • Patio And Porch Features: Covered, Deck, Front Porch, Wrap Around
  • Roof: Metal
  • Window Features: Insulated Windows
  • Heating : Heat Pump: Heat Pump, Wood
  • Walls : Drywall: Yes
  • Other Structures : Barn(s): Yes
  • Other Structures : Gazebo: Yes
  • Exterior Finish : Brick: Yes

Property History for 542 Rainbow Road

DateEvent & SourcePriceAppreciation
Dec 4, 2025

Price Change

Tennessee Virginia Regional MLS #9968103

$575,000—
Jun 23, 2025

Price Change

Tennessee Virginia Regional MLS #9968103

$600,000—
Mar 12, 2025

Price Change

Tennessee Virginia Regional MLS #9968103

$625,000—
Jul 2, 2024

Listed (Active)

Tennessee Virginia Regional MLS #9968103

$670,000—
Jan 11, 2013

Closed (Public Record)

Public Record #344976093

$157,000

+0.4% / yr

Jan 11, 2013

Closed

Tennessee Virginia Regional MLS #322052

$157,000—
Jan 1, 2013

Contract - Not Showing

Tennessee Virginia Regional MLS #322052

—
Jun 27, 2012

Listed (Active)

Tennessee Virginia Regional MLS #322052

$162,500—
Jun 8, 2012

Expired

Tennessee Virginia Regional MLS #316298

$159,900—
Feb 9, 2012

Listed (Active)

Tennessee Virginia Regional MLS #316298

$159,900—
Aug 13, 2009

Withdrawn

Tennessee Virginia Regional MLS #258940

$199,900—
Jan 19, 2008

Listed (Active)

Tennessee Virginia Regional MLS #258940

$199,900—
Apr 30, 2002

Expired

Tennessee Virginia Regional MLS #134219

$179,900—
Oct 29, 2001

Listed (Active)

Tennessee Virginia Regional MLS #134219

$179,900—
Jun 26, 2000

Closed (Public Record)

Public Record #576199385

$150,000—
DateEvent & SourcePrice
12/04/2025

Price Change

Tennessee Virginia Regional MLS #9968103

$575,000
06/23/2025

Price Change

Tennessee Virginia Regional MLS #9968103

$600,000
03/12/2025

Price Change

Tennessee Virginia Regional MLS #9968103

$625,000
07/02/2024

Listed (Active)

Tennessee Virginia Regional MLS #9968103

$670,000
01/11/2013

Closed (Public Record)

Public Record #344976093

$157,000

+0.4% / yr

01/11/2013

Closed

Tennessee Virginia Regional MLS #322052

$157,000
01/01/2013

Contract - Not Showing

Tennessee Virginia Regional MLS #322052

—
06/27/2012

Listed (Active)

Tennessee Virginia Regional MLS #322052

$162,500
06/08/2012

Expired

Tennessee Virginia Regional MLS #316298

$159,900
02/09/2012

Listed (Active)

Tennessee Virginia Regional MLS #316298

$159,900
08/13/2009

Withdrawn

Tennessee Virginia Regional MLS #258940

$199,900
01/19/2008

Listed (Active)

Tennessee Virginia Regional MLS #258940

$199,900
04/30/2002

Expired

Tennessee Virginia Regional MLS #134219

$179,900
10/29/2001

Listed (Active)

Tennessee Virginia Regional MLS #134219

$179,900
06/26/2000

Closed (Public Record)

Public Record #576199385

$150,000

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

Public Records for 542 Rainbow Road

Taxable ValueLand$19,300Additions$33,625Total$52,925
Tax Record2024$1,170 ($98 / month)
Home Facts
Beds0Total Finished SqFt2,046 SqFtAbove Grade Finished SqFt1,143 SqFtFinished Basement SqFt903 SqFtUnfinished Basement SqFt240 SqFtStories1Lot Size486,130 SqFtStyleSingle Family ResidenceYear Built1978Year Renovated2001CountyJOHNSONAPN055 02600

Schools near 542 Rainbow Road

This home is within Johnson County School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Mountain City Elementary School
PublicPK to 6

Johnson Co Middle School
Public7 to 8

Johnson Co High School
Public9 to 12

Roan Creek Elementary School
PublicPK to 6

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.

Similar Homes

Similar Sold Homes

542 Rainbow Road is a single family home for sale in Mountain City, TN 37683. This property was listed for sale on July 2, 2024 by Ace Realty, it's currently listed at $575,000. It has been on the market for a total of 546 days and was last sold on January 11, 2013. This listing's school district is Johnson County School District. Nearby schools include Mountain City Elementary School, Johnson Co Middle School and Johnson Co High School. 542 Rainbow Road is a 3-bed, 2-bath, 2,046 sqft single family home built in 1978.

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Ace Realty, Elizabeth Cornett (423.471.1652)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 12/04/2025 02:59 PM