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1029 Rainbow Cir, Lake Lure, NC, 28746

4beds
5baths
2,847sqft
$924,900
$325price/sqft
$5,502/moest. monthly cost
$220,080/yrincome needed

About This Home

Stunning log cabin in Riverbend at Lake Lure offers mountain vibes and breathtaking views of Little Mirror Lake. The main level features a sunny 2 story great room with a wall of windows, soaring riverstone gas fireplace, large open kitchen, primary bedroom suite with full bath, and a 1/2 bath in the common area. Upstairs, includes a lofted sitting area with views, 2 bedrooms and full guest bath. The lower level offers a large open entertainment space with table tennis and billiards, second primary bedroom w/ en-suite, a communal 1/2 bathroom and laundry. Both levels offer seamless indoor/outdoor living with expansive decks, a discreetly placed hot tub for ultimate relaxation and thoughtfully designed spaces leading to the lakefront, with private dock and water slide! Active short term rental and turnkey opportunity! Fully furnished and ready for your next adventure with acceptable offer. Material fact sheet is available, Contact for a private showing today!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

4/10
4/10
R-S Middle SchoolGrades 6-811.8 mi
4/10
R-S Central High SchoolGrades 9-1211.9 mi

Construction

Condition

  • Year built: 2015

Materials

  • Construction materials: Log,Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cabin
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Microwave,Refrigerator with Ice Maker
  • Laundry features: In Basement,Lower Level

Basement

  • Has basement: Yes
  • Basement: Daylight,Finished,Walk-Out Access

Bathroom Full

  • Level: Main

Bathroom Full

  • Level: Upper

Bathroom Full

  • Level: Basement

Bathroom Half

  • Level: Main

Bathroom Half

  • Level: Basement

Bedroom S

  • Level: Upper

Bedroom S

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 5
  • Full bathrooms: 3
  • 1/2 bathrooms: 2
  • Main level bedrooms: 1

Dining Area

  • Level: Main

Family Room

  • Level: Basement

Features

  • Fireplace features: Gas Log,Great Room
  • Finished area below ground: 997
  • Finished area above ground: 1,850

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 1,850
  • Total interior livable area: 2,847 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Basement

Other

  • Features: Walk-In Closet(s)
  • Level: Basement

Other

  • Level: Lower

Other

  • Level: Main

Other

  • Level: Upper

Primary Bedroom

  • Features: En Suite Bathroom,Walk-In Closet(s)
  • Level: Main

Property

Details

  • Parcel number: 1611740
  • Zoning: Single Family RES
  • Special condition: Undisclosed,None

Features

  • Levels: One and One Half
  • Stories: 1
  • Patio & porch: Balcony,Covered,Deck,Porch,Rear Porch,Wrap Around
  • Has spa: Yes
  • Spa features: Heated
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Beach - Public,Paddlesport Launch Site - Community,Dock,Other - See Remarks,Waterfront
  • Waterbody name: Little Mirror Lake

Lot

  • Lot size: 0.80 Acres
  • Features: Sloped,Wooded,Views

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Strong Wind
Cold Wave
Landslide
Lightning
Tornado

FEMA Declared Disasters in Rutherford County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,676$56,112
Home Insurance *$294$3,528
Property Taxes $267$3,204
Electricity $265$3,182
Total$5,502$66,024
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$188,640/yr
40% on housing$165,060/yr
45% on housing$146,720/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.6%
11.6%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 8.5%
8.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$325This listing

vs Other Active Listings

Avg $/sqft

ZIP 28746$282
Rutherford County$227

vs Homes Sold Last Month

Median $/sqft

ZIP 28746$284
Rutherford County$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-13Listed for sale$950,000
2026-02-28Listing removed$950,000
2025-12-03Price change$950,000
2025-09-01Listed for sale$1,000,000
2021-12-03Sold$775,000
2021-10-13Contingent$750,000
2021-10-09Listed for sale$750,000
2013-02-08Sold$30,000

For Sale by Agent

AgentGalen Walter
BrokerageLPT Realty, LLC

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