The Rainbow Real Estate

The Rainbow Real Estate

Welcome to The Rainbow, a picturesque subdivision nestled in the heart of Montreat, North Carolina. Surrounded by the breathtaking Blue Ridge Mountains, this charming community offers a serene retreat for those seeking both tranquility and adventure. With its vibrant natural beauty, The Rainbow is a haven for outdoor enthusiasts, featuring miles of hiking trails, stunning vistas, and the refreshing embrace of nature.

As part of Buncombe County, Montreat is known for its rich history and welcoming atmosphere. The Rainbow is conveniently located near the quaint downtown area, where residents can enjoy local shops, delightful eateries, and cultural events that bring the community together. The subdivision itself boasts a variety of beautiful homes, each thoughtfully designed to harmonize with the stunning landscape, offering modern comforts while retaining a rustic charm.

Families and individuals alike will appreciate the sense of community that The Rainbow fosters. With friendly neighbors and a calendar full of seasonal events, there’s always an opportunity to connect and create lasting memories. Whether you’re enjoying a summer evening on your porch or exploring the nearby Montreat Conference Center, life in The Rainbow is truly a celebration of the great outdoors.

For those seeking a peaceful retreat with easy access to the vibrant culture of Asheville, The Rainbow offers the perfect balance of solitude and convenience. Discover your dream home in this enchanting subdivision and embrace the lifestyle that awaits you in Montreat, North Carolina. Welcome to The Rainbow—where every day feels like a vacation!

Newest Listings in The Rainbow

$2,200,000
5 Beds 7 Baths 4378734 MLS
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

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 The M Homes Group 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.”

Listings provided courtesy of Triangle MLS, Inc. of NC, Internet Data Exchange Database. Information deemed reliable but not guaranteed. © 2026 Triangle MLS, Inc. of North Carolina. Data last updated .