Description: Rainbow Falls Reserve. Brand new gated, private, residential community in Chimney Rock. Only 11 total lots, all with great views of Hickory Nut Gorge. Pre-construction pricing starting in the low $300's.Limited to only 11 individual home sites. Rainbow Falls Reserve will feature:Landscaped, gated entrance, Common recreation area along creek, Paved roadways, Underground utilities,Municipal water system,Magnificent views of Chimney Rock, Hickory Nut Falls and Hickory Nut Gorge,Five lots bordered by Rainbow Creek,Protective covenants and restrictions,Upper lots bordered by Nature Conservancy Land.