Search Rainbow Forest Homes

Rainbow Forest Homes for Sale

Rainbow Forest is the busiest neighborhood in the Troutville area, with homes from the 1960s and 1970s on streets like Sunnydale Court and Lakeridge Circle.

Rainbow Forest Market Snapshot

In the past two years, about 31 properties have sold in Rainbow Forest, with homes mostly selling from the high $200,000s to about $435,000 and an average asking price around $320,000. Homes average close to four bedrooms and 2,050 square feet. Any homes for sale now are listed below. Figures come from live MLS data as of November 2026, change daily and are rounded.

Buying in Rainbow Forest

  • Homes this age often need updates. Budget for systems, roofs and windows.
  • Confirm school assignments with Botetourt County Public Schools.

Selling in Rainbow Forest

Get a free home valuation or contact The Lee Team at (540) 529-4294.

Back to Troutville homes or all neighborhood guides.

Rainbow Forest Homes for Sale

664 Lakeridge Cir, Troutville
$489,000
4 Beds ⋅ 5 Baths ⋅ 931286 MLS
PRICE ADJUSTMENT!!! This QUINTESSENTIAL MULTI-GENERATIONAL property offers exceptional privacy and space, including 2 kitchens, 4 bedrooms, and 4½ bathrooms. This is a chance to share home expenses, teens can have their own private living quarters or guests will have their own private space while visiting! Enjoy two large living rooms/great rooms plus a private entrance from the lower level, making it ideal for extended family, guests, or rental potential. Extra large rooms throughout making it ideal for a large family or multi-family home. Beautiful mountain view and surrounded by woods on the side and back of the property for privacy! This stone custom built home is a one of a kind in the Roanoke Valley and offers so many amenities and living space like no other home in the area! Key Features: -Two primary en-suite bedrooms (each approximately 18' x 25') - Quad-level layout with privacy on every level - Each primary suite includes 3 closets and a private bathroom - Tons of storage throughout the home - Fenced backyard surrounded by woods for added privacy - Large back patio and large private fenced in back yard (new fencing) - Sunroom on the main level - Large main-floor kitchen (with an island) and very large dining room - Replacement windows - Gutters and Roof replaced (2013) - New septic tank installed: 8/2026 ( Permits and information available) - Hardwood floors on entry and upper level as well as tiled floors in the baths. Additional information under documents section.

664 Lakeridge Cir, Troutville

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