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.
For sale
Price cut: $25K (12/4)
$575,000
542 Rainbow Rd, Mountain City, TN 37683
3beds
2,046sqft
Est.:
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
- 543 days |
- 801 |
- 37 |
Zillow last checked: 8 hours ago
Listing updated: December 04, 2025 at 11:59am
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
Estimated market value
Not available
Estimated sales range
Not available
$1,847/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/4/2025 | Price change | $575,000-4.2%$281/sqft |
Source: TVRMLS #9968103 Report a problem | ||
| 6/23/2025 | Price change | $600,000-4%$293/sqft |
Source: TVRMLS #9968103 Report a problem | ||
| 3/12/2025 | Price change | $625,000-6.7%$305/sqft |
Source: TVRMLS #9968103 Report a problem | ||
| 7/2/2024 | Listed for sale | $670,000+3250%$327/sqft |
Source: TVRMLS #9968103 Report a problem | ||
| 1/11/2017 | Sold | $20,000-87.3%$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,170 +1.5% | $52,925 +1.5% |
| 2023 | $1,152 +22.1% | $52,125 |
| 2022 | $943 | $52,125 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,128/mo
Principal & interest
$2745
Home insurance
$201
Property taxes
$182
Climate risks
Neighborhood: 37683
Nearby schools
GreatSchools rating
- 5/10Roan Creek Elementary SchoolGrades: PK-6Distance: 2.4 mi
- 4/10Johnson Co Middle SchoolGrades: 7-8Distance: 2.1 mi
- 4/10Johnson Co High SchoolGrades: 9-12Distance: 2.1 mi
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.
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