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For sale
    • Price cut: $79K (7/23)
    $700,000

    44 Rainbow Road, Highlands, NC 28741

    2beds
    --sqft
    : 
    $3,983/mo
    Get pre-qualified
    Single Family Residence
    Built in 1984
    9.22 Acres Lot
    $730,800 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Cozy wood-burning fireplaceIdeal garden areaThree bonus roomsChicken houseLaundry areaLush old-growth floraBordering national forest land
    Less than three miles from Main Street in Highlands and located within the city limits, this enchanting and serene 9.22-acre property offers a rare blend of privacy, natural beauty, and convenience. Bordering National Forest land and featuring a beautiful spring-fed cascading stream that runs the length of property, this mountain retreat has been cherished by the same family for many years and is now being offered “as is.” The three-level home features decks, balconies, and patios designed to take in the peaceful surroundings. Inside, you’ll find two bedrooms plus three bonus rooms, a cozy wood-burning fireplace, an updated kitchen, and a glass sunroom overlooking the rushing stream. The lower level includes a garage, laundry area, and a separate apartment space, offering flexibility for guests or additional living quarters. Outside, the property showcases lush old-growth flora, rocked terraces along the stream, a chicken house, and an ideal garden area. With potential for subdividing with a build site on the property above the house with potential for long-range mountain views, allowing for even more possibilities to enhance this exceptional property. With endless possibilities for customization, this exceptional property offers the perfect opportunity to create your dream mountain retreat while enjoying the soothing sounds of babbling water and nature just minutes from town.
    65 days
    |
    922
    |
    63
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Alicen Phillips,

    Country Club Prop. / Mt. Fresh

    Source: HCMLS,MLS#: 1003311Originating MLS: Highlands Cashiers Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Bedroom 2
      • Level: Upper
      Bathroom 1
      • Level: Main
      Basement
      • Level: Third
      Bonus room
      • Level: Main
      Bonus room
      • Level: Upper
      Bonus room
      • Level: Lower
      Dining room
      • Level: Main
      Kitchen
      • Level: Basement
      Kitchen
      • Level: Main
      Sunroom
      • Level: Main
      Workshop
      • Level: Basement
      Heating
      • Has Heating (Unspecified Type)
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dryer, Dishwasher, Free-Standing Electric Range, Refrigerator, Water Heater, Washer
      • Laundry: In Basement, Lower Level, Laundry Room
      Features
      • Breakfast Bar, Ceiling Fan(s), Workshop
      • Flooring: Carpet, Concrete, Ceramic Tile, Laminate, Linoleum, Tile, Vinyl
      • Basement: Daylight,Exterior Entry,Full,Interior Entry,Concrete,Partially Finished,Bath/Stubbed,Walk-Out Access
      • Number of fireplaces: 1
      • Fireplace features: Living Room, Wood Burning

      Property

      Parking
      • Total spaces: 2
      • Parking features: Driveway, Garage, Gravel
      • Garage spaces: 1
      • Carport spaces: 1
      • Covered spaces: 2
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Glass Enclosed, Balcony
      • Exterior features: Balcony, Garden, Satellite Dish, Water Feature
      • Has view: Yes
      • View description: Creek/Stream, Seasonal View, Trees/Woods
      • Has water view: Yes
      • Water view: Creek/Stream
      • Waterfront features: Stream
      Lot
      • Size: 9.22 Acres
      • Features: Borders National Forest, Rock Outcropping, Many Trees, Spring, Wooded, Rolling Slope
      • Topography: Rolling,Sloping,Terraced
      Details
      • Parcel number: 7449035692
      • Zoning description: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Block
      • Roof: Metal
      Condition
      • New construction: No
      • Year built: 1984

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private, Well
      • Utilities for property: Electricity Connected, Satellite Internet Available

      Community & HOA

      Community
      • Features: None
      • Subdivision: None
      HOA
      • Has HOA: No
      Location
      • Region: Highlands

      Financial & listing details

      • Tax assessed value: $979,520
      • Annual tax amount: $3,953
      • Date on market: 5/22/2026
      • Cumulative days on market: 67 days

        Estimated market value

        $730,800

        $694,000 - $767,000

        $3,865/mo

        Price history

        DateEventPrice
        7/23/2026Price change$700,000-10.1%
        Source: HCMLS #1003311 Report a problem
        6/26/2026Price change$779,000-2.5%
        Source: HCMLS #1003311 Report a problem
        5/23/2026Listed for sale$799,000-3.2%
        Source: HCMLS #1003311 Report a problem
        1/1/2026Listing removed$825,000
        Source: Canopy MLS as distributed by MLS GRID #4279105 Report a problem
        7/10/2025Listed for sale$825,000-15.4%
        Source: HCMLS #1001398 Report a problem
        7/1/2025Listing removed$975,000
        Source: HCMLS #106489 Report a problem
        3/13/2025Price change$975,000-11.3%
        Source: HCMLS #106489 Report a problem
        1/6/2025Listed for sale$1,099,000
        Source: HCMLS #106489 Report a problem
        12/14/2024Listing removed$1,099,000
        Source: BHHS broker feed #104724 Report a problem
        7/11/2024Listed for sale$1,099,000+183.2%
        Source: HCMLS #104724 Report a problem
        4/17/2017Listing removed$388,000
        Source: Twigs Realty Group #84747 Report a problem
        9/9/2016Listed for sale$388,000-26%
        Source: Twigs Realty Group #84747 Report a problem
        7/5/2016Listing removed$524,000
        Source: Keller Williams - Great Smokies #26000671 Report a problem
        1/12/2016Listed for sale$524,000
        Source: Carolina Smokies Association of Realtors & MLS #26000671 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,953 $979,520
        2024$3,953 +0.3%$979,520
        2023$3,941 +17.3%$979,520 +76.7%
        2022$3,360 $554,490
        2021$3,360 +4.4%$554,490
        2020$3,220 +0.4%$554,490
        2019$3,207 +8.5%$554,490 +1.5%
        2018$2,955 $546,080
        2017-- $546,080
        2016-- $546,080
        2015-- $546,080 -8%
        2014-- $593,650
        2013-- $593,650
        2012-- $593,650
        2011-- $593,650
        2010-- $593,650
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 28741

        Getting around

        0 / 100
        Car-Dependent
        3 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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