The Rainbow Homes for Sale

The Rainbow Homes for Sale

Welcome to The Rainbow, a picturesque subdivision nestled in the heart of Montreat, North Carolina, within the scenic Buncombe County. This charming community is a hidden gem that offers an unparalleled blend of natural beauty and serene living, making it the perfect place to call home.

The Rainbow is characterized by its vibrant landscapes, with lush greenery and stunning mountain views that create a tranquil atmosphere. Residents here enjoy a tight-knit community feel, where neighbors become friends and every day feels like a retreat. The subdivision is designed to harmonize with its stunning surroundings, featuring well-maintained homes that reflect the area's unique character and charm.

Currently, there are a variety of homes for sale in The Rainbow, catering to diverse tastes and lifestyles. Whether you’re seeking a cozy cottage, a spacious family home, or a modern retreat, you’ll find options that suit your needs. Many of these homes boast beautiful outdoor spaces, perfect for enjoying the gentle mountain breeze or hosting gatherings with friends and family.

Living in Montreat means you’ll have access to an array of outdoor activities, from hiking the scenic trails of the Blue Ridge Mountains to enjoying the tranquil waters of nearby Lake Susan. Additionally, the vibrant culture and amenities of Asheville are just a short drive away, providing a perfect balance of peaceful living and urban convenience.

Discover the magic of The Rainbow subdivision, where your dream home awaits amid the stunning backdrop of Montreat, NC. Embrace the lifestyle you’ve always wanted in this enchanting community!

Newest The Rainbow Homes for Sale

$1,995,000
5 Beds ⋅ 7 Baths ⋅ 4378734 MLS ⋅ 5,058 SqFt. ⋅ ACTIVE Status
This spacious, architecturally designed, custom built home incorporates wooded views, mountain views, and a professionally built creek and waterfall that converge at a moss covered sitting/respite spot. Unwind and recharge while listening to the creek and waterfall flow. This home, sitting on three lots in Montreat, is a rare find. The relatively gentle semi-circular driveway with abundant level parking allows you to casually stroll to the main entrance. Opening the full lite glass entrance doors leads directly into the Great Room presenting a cathedral ceiling, native stone fireplace, wide plank hardwood flooring, and a grand open floor plan. Expansive glass lets in natural light and provides views of the surrounding mountains. Solid oak flooring is throughout this home. Conversation and interaction within the dining, kitchen, and living areas is easy and comfortable with this open design. The skylights and structural ceiling components add a refined mountain feel with their use of wood, depth, space, and light. Just off of the Great Room is the master bedroom with an ensuite bath. The alluring beauty of this room comes from many design details including; extensive glass and skylights, a cathedral ceiling, major wood accents, a view of the mountains from the front and a view of the waterfall and landscaped woods from the back, and a private covered porch. The main floor has direct access to the extra large two car garage. The laundry is also on this level. There are two staircases that lead to the lower level. Taking the well crafted oak staircase from the Great Room leads to the Family Room on the lower level. This room has a stone fireplace and French doors that lead outside onto the covered deck. Flanking this room are two ensuite bedrooms. The wide hallway leads to a kitchenette with unique views to the creek and extensive stonework outside, and two more ensuite bedrooms. At the end of the hallway is a media or recreation room, and an additional full bath with a clawfoot tub. From this recreation room there is access to the outside deck, the back staircase, and to the “pool room” and outside lap pool. This Endless Pool is exceptional in size and features, but will need at least a new liner and some decking work. Taking advantage of the southern and western exposure, the roof has an extensive solar panel array for alternative energy.

117 Shenandoah Terrace, Montreat

Listing courtesy of Matt Ashley Real Estate LLC. Matt@MAshleyRealEstate.com

Start Your Search

“The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Real Estate Company nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2026 Carolina Multiple Listing Services, Inc.”