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For sale
  • Price cut: $25K (12/4)
    $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.
    543 days
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    801
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    37
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    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
    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

    $1,847/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

    Public tax history

    Public tax history
    YearProperty taxesTax 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
      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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