Peaceful retreat ideally located between Asheville and Black Mountain, just steps from the hiking trails of Warren Wilson College. This well-maintained home sits on 1.5+ wooded acres with mountain and sunrise views through the trees. The open main level features a sunroom, custom woodwork, and an updated kitchen and bath. Finished basement offers flexible space with a separate bath, kitchenette, and second sunroom—ideal for guests or rental potential (previous Airbnb use). Enjoy lush landscaping with Japanese maples, dogwoods, azaleas, and rhododendron, plus space to garden and berry bushes in a private, quiet setting. Solar panels, mini-splits, 2019-warrantied roof, updated systems, a two-car garage, and ample parking and storage complete this private mountain refuge.
Under contract-show
$535,000
50 Rainbow Ridge Rd, Swannanoa, NC 28778
2beds
1,750sqft
Est.:
Single Family Residence
Built in 1956
1.56 Acres Lot
$521,100 Zestimate®
$306/sqft
$-- HOA
What's special
Finished basementCustom woodworkSecond sunroomFlexible spaceTwo-car garageSeparate bathOpen main level
- 28 days |
- 713 |
- 62 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listing Provided by:
Megan Shook megan@mymosaicrealty.com,
Mosaic Community Lifestyle Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4368868
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 2
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Basement
Den
- Level: Basement
Dining area
- Level: Main
Kitchen
- Level: Main
Laundry
- Level: Basement
Living room
- Level: Main
Sunroom
- Level: Basement
Heating
- Ductless
Cooling
- Ductless
Appliances
- Included: Dryer, Electric Oven, Electric Range, Refrigerator, Solar Hot Water, Washer, Washer/Dryer
- Laundry: In Basement
Features
- Breakfast Bar, Built-in Features, Open Floorplan, Storage
- Flooring: Concrete, Laminate, Tile, Wood
- Basement: Apartment,Basement Shop,Daylight,Exterior Entry,Interior Entry,Partially Finished,Storage Space,Walk-Out Access,Walk-Up Access
Interior area
- Total structure area: 1,157
- Total interior livable area: 1,750 sqft
- Finished area above ground: 1,157
- Finished area below ground: 593
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Side, Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
- Details: Plenty of parking in the two-car garage and two driveways. Ideal for those who like to entertain as driveways fit numerous vehicles.
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Enclosed, Front Porch, Patio
- Exterior features: Storage
Lot
- Size: 1.56 Acres
- Features: Green Area, Level, Private, Wooded
Details
- Additional structures: Shed(s)
- Parcel number: 967986592100000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Partial, Wood
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Septic Installed
- Water: City
Green energy
- Energy generation: Solar
Community & HOA
Community
- Subdivision: None
Location
- Region: Swannanoa
Financial & listing details
- Price per square foot: $306/sqft
- Tax assessed value: $407,100
- Annual tax amount: $2,417
- Date on market: 4/16/2026
- Cumulative days on market: 16 days
- Road surface type: Dirt, Gravel, Paved
Estimated market value
$521,100
$495,000 - $547,000
$2,290/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Listed for sale | $535,000+96.3%$306/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4368868 Report a problem | ||
| 11/21/2016 | Sold | $272,600-9.1%$156/sqft |
Source: Canopy MLS as distributed by MLS GRID #3222405 Report a problem | ||
| 10/14/2016 | Listed for sale | $300,000+33.3%$171/sqft |
Source: Beverly-Hanks, South #3222405 Report a problem | ||
| 5/19/2010 | Sold | $225,000-9.3%$129/sqft |
Source: Public Record Report a problem | ||
| 2/18/2010 | Listed for sale | $248,000$142/sqft |
Source: Sheelah Clarkson Agency #458296 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,417 +5.9% | $347,000 |
| 2024 | $2,282 +3.1% | $347,000 |
| 2023 | $2,214 +1.6% | $347,000 |
| 2022 | $2,179 | $347,000 |
| 2021 | $2,179 +22% | $347,000 +30% |
| 2020 | $1,786 | $266,900 |
| 2019 | $1,786 | $266,900 |
| 2018 | $1,786 +32.8% | $266,900 +45.5% |
| 2017 | $1,344 | $183,400 |
| 2016 | $1,344 | $183,400 |
| 2015 | $1,344 | $183,400 |
| 2014 | $1,344 | $183,400 |
| 2013 | -- | $183,400 -7.1% |
| 2012 | -- | $197,400 |
| 2011 | -- | $197,400 -7.2% |
| 2007 | -- | $212,800 |
| 2006 | -- | $212,800 +36.8% |
| 2005 | -- | $155,500 |
| 2004 | -- | $155,500 |
| 2003 | -- | $155,500 |
| 2002 | -- | $155,500 +26.9% |
| 2001 | -- | $122,500 |
| 2000 | -- | $122,500 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28778
Nearby schools
GreatSchools rating
- 4/10W D Williams ElementaryGrades: PK-5Distance: 2.1 mi
- 6/10Charles D Owen MiddleGrades: 6-8Distance: 3.6 mi
- 7/10Charles D Owen HighGrades: 9-12Distance: 3.7 mi
Schools provided by the listing agent
- Elementary: WD Williams
- Middle: Charles D Owen
- High: Charles D Owen
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Buncombe County
- Swannanoa
- 28778
- 50 Rainbow Ridge Rd
Nearby cities
Nearby zip codes
Other Swannanoa Topics
