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$359,000Reduced $26,000
For sale

498 Rainbow Knob LnMcDaniels, KY 40152

4 beds2 baths1,484 sq ft0.39 acre1991 built

Single-family home · 201 days on market · MLS# 1714475

About this home

Generations have gathered here sharing laughter, stories & countless fond memories of days & nights spent on this special stretch of Rough River Lake. These 2 waterfront lots are situated on a peninsula at the end of the road with a lakeside home having 4 bedrooms, 2 full baths & a separate laundry room that doubles for extra sleeping arrangements. The property is surrounded by mature shade trees & amazing lake views that overlook the bay toward Axtel Campgrounds where spring, summer & fall nights offer you the mesmerizing glow of campfires shimmering on the lake. Inside, a touch of lakehouse charm can be found most everywhere. The spacious shared bath features a custom vanity & sink...both bathrooms have a subtle touch of rustic character & charm. Eleven closets mean there is a place for most everything while newer LVP flooring runs throughout the entire home. A brick, wood-burning fireplace invites warmth to the cooler evenings while the covered front porch calls for easy afternoons in the shade. The outdoor living spaces are where lots of lake memories are made with a fire pit in front of the tree house, another fire pit & gravel patio space between the home & shed plus a shady lakeside viewing deck that has easy access to the home's hallway. The outdoor shower with hot & cold running water is an experience all on it's on whether in the morning before a day on the lake or after. Newly built, Amish-crafted steps make it an easy stroll to the shoreline for both the young & old alike. A whimsical spiral staircase leads to an extra sleeping or hangout space in the tree house which has electricity & yet another beautiful view of the lake. The screened-in porch below it is perfect for outdoor dining, card games & most any celebration with friends & family. Modern day amenities are well covered...electric, public water & a septic system are connected to the property with rare high-speed fiber optic internet being available. The large shed with electric is ideal as a workshop or storage needs for your gardening tools & lake toys. Plentiful off-street parking means you can invite many of your favorite people for visits to your lake house. A dock on the string just below the property will transfer with COE approval. By land or water, you're minutes from Nick's Boat Dock & Marina with shopping & dining close by in McDaniels, Hardinsburg & Leitchfield. Easy travel to & from Louisville, Elizabethtown, Owensboro & more. This is more than just a lake house, it's a place where summers are meant to be spent, autumns & winters are cozy and new memories are waiting to be made with you & yours. Be sure to view the walk-through video tour and schedule your showing appointment soon! This is a special lake home & property with one of a kind lake views & easy dock access so don't let the opportunity pass you by!

Home details

Property type
Single-family home
Status
For sale
MLS #
1714475
Price per sq ft
$242
Days on market
201
Original list price
$385,000
Year built
1991
Living area
1,484 sq ft
Lot size
0.39 acres
Bathrooms
2
Stories
1
Parking
Off Street
Basement
Walkout Part Fin, None
Heating
Electric, Forced Air
Cooling
Central Air
Construction
Wood Frame
Roof
Shingle
Style
Ranch
Subdivision
NONE
County
Breckinridge
HOA
None
Rooms
10
Foundation
Crawl Space
Waterfront
Lake Front
Water
Public

Features

Exterior

  • Boat Slip

Patio & porch

  • Deck
  • Porch
  • Screened Porch

Lot

  • Cleared
  • DeadEnd
  • Easement
  • Irregular Lot
  • Wooded

Fencing

  • Other

Utilities

  • Electricity Connected

Estimated monthly payment

Principal & interest: — / month

Estimate only. Excludes taxes, insurance, HOA dues and PMI. Rates change daily; use your actual quote. Ryan can connect you with local lenders if you want a real number.

Location

Listing courtesy of Red Edge Realty, Heather Keith. MLS# 1714475. Data provided by Greater Louisville Association of REALTORS® (APEX MLS). As of Oct 31, 2026.

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Listing information is provided courtesy of the Greater Louisville Association of REALTORS® (APEX MLS) via Internet Data Exchange (IDX) and is updated throughout the day. Not every MLS listing is available through IDX. All information is deemed reliable but not guaranteed and should be independently verified. Listings include the name of the listing brokerage. 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 consumers may be interested in purchasing.

Listing information last updated Oct 31, 2026.