Skip main navigation
For sale
  • $575,000

    542 Rainbow Rd, Mountain City, TN 37683

    3beds
    2,046sqft
    : 
    Single Family Residence, Residential
    Built in 1978
    11.16 Acres Lot
    $-- Zestimate®
    $281/sqft
    $-- HOA

    What's special

    Long-range mountain viewsBeautiful pondPartially finished basementOpen meadowsWorkshop spaceOne-car drive-under garageTwo-car carport
    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.
    625 days
    |
    1,407
    |
    56
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 26, 2026 at 12:49pm

    Listed by:

    Elizabeth Cornett 423-471-1652,

    Ace Realty 423-727-5554

    Source: TVRMLS,MLS#: 9968103

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Lower
      Heating
      • Heat Pump, Wood
      Cooling
      • Ceiling Fan(s), Heat Pump
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Electric Dryer Hookup, Washer Hookup
      Features
      • Master Downstairs, Eat-in Kitchen, Kitchen/Dining Combo, Pantry
      • Flooring: Ceramic Tile, Hardwood, Vinyl
      • Windows: Insulated Windows
      • Basement: Exterior Entry,Interior Entry,Partially Finished
      • Has fireplace: Yes
      • Fireplace features: Basement, Flue, Living Room
      Interior area
      • Total structure area: 2,046
      • Total interior livable area: 2,046 sqft
      • Finished area below ground: 903

      Property

      Parking
      • Total spaces: 3
      • Parking features: Deeded, Asphalt, Carport, Garage Door Opener
      • Garage spaces: 1
      • Carport spaces: 2
      • Covered spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered, Deck, Front Porch, Wrap Around
      • Exterior features: Garden
      • Fencing: Privacy
      • Has view: Yes
      • View description: Mountain(s), Creek/Stream
      • Has water view: Yes
      • Water view: Creek/Stream
      Lot
      • Size: 11.16 Acres
      • Features: Pasture
      • Topography: Farm Pond, Part Wooded, Pasture, Sloped
      Details
      • Additional structures: Barn(s), Gazebo
      • Parcel number: 055 026.00
      • Zoning: Residential

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch,Traditional
      • Property subtype: Single Family Residence, Residential
      Materials
      • Brick
      • Roof: Metal
      Condition
      • Above Average
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Not Listed
      HOA
      • Has HOA: No
      • Amenities included: Landscaping
      Location
      • Region: Mountain City

      Financial & listing details

      • Price per square foot: $281/sqft
      • Tax assessed value: $211,700
      • Annual tax amount: $1,170
      • Date on market: 7/2/2024
      • Listing terms: Cash,Conventional,FHA,VA Loan
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,925/mo

        Price history

        Price history
        DateEventPrice
        12/4/2025Price change$575,000-4.2%$281/sqft
        Source: TVRMLS #9968103 Report a problem
        6/23/2025Price change$600,000-4%$293/sqft
        Source: TVRMLS #9968103 Report a problem
        3/12/2025Price change$625,000-6.7%$305/sqft
        Source: TVRMLS #9968103 Report a problem
        7/2/2024Listed for sale$670,000+3250%$327/sqft
        Source: TVRMLS #9968103 Report a problem
        1/11/2017Sold$20,000-87.3%$10/sqft
        Source: Public Record Report a problem
        1/11/2013Sold$157,000-3.4%$77/sqft
        Source: TVRMLS #322052 Report a problem
        8/2/2012Listed for sale$162,500-18.7%$79/sqft
        Source: MCINTURFF FOUR SEASONS REALTY #322052 Report a problem
        8/16/2008Listing removed$199,900$98/sqft
        Source: Century 21 #258940 Report a problem
        3/5/2008Listed for sale$199,900$98/sqft
        Source: Century 21 #258940 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$1,170 $52,925
        2024$1,170 +1.5%$52,925 +1.5%
        2023$1,152 +22.1%$52,125
        2022$943 $52,125
        2021-- $52,125 +21.6%
        2020$879 $42,875
        2019$879 $42,875
        2018$879 0%$42,875
        2017$879 $42,875
        2016$879 +13.3%$42,875
        2015$776 -5.6%$42,875 -5.6%
        2014$822 +0%$45,400 +0%
        2013$821 +2.3%$45,378
        2012$803 $45,378
        2011$803 $45,378
        2010-- $45,378 +27.7%
        2009$721 $35,539
        2008$721 $35,539
        2007$721 $35,539
        2006$721 -22.2%$35,539
        2005$928 +25.9%$35,539 +25.9%
        2004$737 +11.5%$28,227 +2.6%
        2002$660 $27,520
        2001-- $27,520 -75%
        2000-- $110,079

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $2,985/mo
        Principal & interest
        $2803
        Property taxes
        $182
        More affordability tools

          Climate risks

          Neighborhood: 37683

          Getting around

          9 / 100
          Car-Dependent
          3 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • Elementary: Mountain City
          • Middle: Johnson Co
          • High: Johnson Co

          Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Local experts in 37683

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel