High elevation, waterfall tract at 3,800 feet in Rainbow Falls, roughly 20 minutes from downtown Franklin and just past the Appalachian Trail. The land is surprisingly gentle for this elevation, with several good options for a future homesite. A simple walking path leads from the road into the property and down a new trail to the star of the show: a beautiful stretch of creek with multiple small waterfalls and rock shelves. You get roughly 1,300 feet, about a quarter mile, of creek frontage, and the land across the creek is owned by the property owners association, so you are not looking at another house. On a recent warm day it was 87 in town and 75 on site, so you really feel the cooler air. Access is paved, then well-kept gravel, with power already on the property and no short-term rental restrictions, giving buyers a lot of flexibility for a cabin or future getaway. For buyers chasing cool summer temps and the sound of waterfalls, this is the kind of spot that rarely hits the market.
Lot/land
$78,500
LOT 2 Rainbow Falls Rd, Franklin, NC 28734
--beds
--baths
6.65Acres
Land, Cleared Lot, Residential
Built in ----
6.65 Acres Lot
$-- Zestimate®
$--/sqft
$25/mo HOA
What's special
- 20 hours |
- 231 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Jackson,
Keller Williams Realty Of Franklin
Source: Carolina Smokies MLS,MLS#: 26047419
Facts & features
Property
Features
- Has view: Yes
- On waterfront: Yes
- Waterfront features: Branch/Stream, Creek, Waterfront
Lot
- Size: 6.65 Acres
- Features: Elev over 3000, Other-See Remarks
- Topography: Level
Details
- Additional structures: None
- Parcel number: 6531185085
Utilities & green energy
- Utilities for property: Underground Utilities
Community & HOA
Community
- Subdivision: Rainbow Falls
HOA
- HOA fee: $300 annually
Location
- Region: Franklin
Financial & listing details
- Annual tax amount: $149
- Date on market: 6/1/2026
- Listing terms: Cash
- Road surface type: Paved, Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Listed for sale | $78,500 |
Source: Carolina Smokies MLS #26047419 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
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: 28734
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 5/10Cartoogechaye ElementaryGrades: PK-4Distance: 9.8 mi
- 6/10Macon Middle SchoolGrades: 7-8Distance: 13.6 mi
- 6/10Macon Early College High SchoolGrades: 9-12Distance: 12.4 mi
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
- Macon County
- Franklin
- 28734
- LOT 2 Rainbow Falls Rd






