$75,997
$1,780 since last sold$15K since August
This home's estimate is 21% lower than the average sale price ($96K) of 3 comparable homes.
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About this home
High elevation, waterfall tract at 3,800 feet in Rainbow Falls, roughly 20 minutes from downtown Franklin and just past the Appalachian Trail. The land is surprisingly gentle for this elevation, with several good options for a future homesite. A simple walking path leads from the road into the property and down a new trail to the star of the show: a beautiful stretch of creek with multiple small waterfalls and rock shelves. You get roughly 1,300 feet, about a quarter mile, of creek frontage, and the land across the creek is owned by the property owners association, so you are not looking at another house. On a recent warm day it was 87 in town and 75 on site, so you really feel the cooler air. Access is paved, then well-kept gravel, with power already on the property and no short-term rental restrictions, giving buyers a lot of flexibility for a cabin or future getaway. For buyers chasing cool summer temps and the sound of waterfalls, this is the kind of spot that rarely hits the market.
Vacant landProperty Type
$67/moHOA Dues
Source:Public Records
Redfin Estimate
Market trends in 28734, NC
Last updated August 2026
Buyer's Market
Seller's Market
Buyer's market
Sale-to-List Price
95.7%
+0.1% MoM
Median sale price
$317K
$7K MoM
Avg. days on market
72d
1 days MoM
Recently sold homes
144
16 MoM
New listings for sale
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Property details
Around this home
Sun exposure
82/ 100
Very good sunlight
SunscoreThere appears to be minimal shading by surrounding buildings, terrain, and vegetation.
JuneDecember
Provided by Shadowmap
Estimated sale price
$73,000 – $88,000
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