115 Rainbow Lane
Mooresville, NC, 28117 $ 1,200,000
Bedrooms3 Baths3.0 Sq 2,416 Monthly Estimate*
$ 8,288
for $1,200,000 with 3 bedrooms and 3 full baths. This 2,416 square foot home was built in 1969 on a lot size of 0.5.
Welcome to this waterfront brick ranch with a walk-out basement, offering 3 bedrooms, 3 full baths, an office, and breathtaking lake views. Situated on a private and peaceful lot, this home combines comfortable one-level living with wonderful additional space downstairs and easy access to the water. The main level features beautiful hardwood floors throughout, an inviting living room with built-in shelving, plantation shutters in several rooms, and an eat-in dining area. The kitchen is equipped with stainless steel appliances and offers a functional layout for everyday living and entertaining. The primary suite includes a walk-in closet, dual vanities, and a good sized walk-in shower. An additional second full bath on the main also includes a linen closet and tub/shower combination, with a bedroom conveniently located across the hall. French doors open to a wonderful enclosed porch where you can relax and take in the gorgeous lake views. The walk-out lower level offers even more living space with built-in cabinetry and shelving, a third bedroom, and the third full bath featuring a stand-alone walk-in shower. A spacious laundry room and flexible room, perfect for a home office, hobby room, or additional living space, complete the lower level. Step outside to the patio and enjoy the private yard, fire pit, and tranquil surroundings. For the lake enthusiast, this property includes a covered deeded boat slip with dock and excellent water views, conveniently located close to the main channel. A storage shed provides additional space for your outdoor needs. Tucked away in a quiet and private setting yet conveniently located near I-77, this hidden gem offers easy access to shopping, excellent restaurants, and everything you need. Whether you're relaxing on the enclosed porch, enjoying the lake from your own boat slip, or gathering around the fire pit, this waterfront retreat offers the perfect blend of privacy, comfort, and lake living. No representation on fire place in basement as the sellers have never lived in the home.
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FeaturesGeneralLiving Area 2416
Sewer Septic Installed
Heating Heat Pump
Cooling Central Air
Appliances Dishwasher Disposal Electric Cooktop Electric Water Heater
Zoning R-20
Garage Spaces 1
Patio/Porch Features Front Porch Rear Porch Screened
Security Features Smoke Detector(s)
Construction Materials Brick Full
Year Built 1969
View Water Year Round
Levels One
Property Subtype Single Family Residence
Parcel Number 4646-21-4059.000
Waterfront Features Boat Slip (Deed) Covered structure
County Iredell
New Construction N
Property Type Residential
HOA Y
Subdivision Name Catalina Cove
Garage Y/N Y
Other Structures Outbuilding
Full Baths 3
High School Lake Norman
City Mooresville
Body of Water Lake Norman
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Coddle Creek
Middle/Junior High School Woodland Heights
Additional Parcels Y/N N
Virtual Tour https://youtu.be/ggOGnd75Z8E?si=TMsZRATpsxdO8NgT https://youtu.be/ggOGnd75Z8E?si=TMsZRATpsxdO8NgT
Standard Status Active Under Contract
Construction Type Site Built
Tax Assessed Value 775630
Listing Terms Cash Conventional
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InteriorInterior Amenities Walk-In Closet(s)
Basement Walk-Out Access
Flooring Carpet Tile Wood
Fireplace Features Other - See Remarks
Basement (Y/N) Y
Fireplace Y/N Y
Above Grade Finished Area 1302
Half Baths 0
Laundry Features Electric Dryer Hookup In Basement
Total Bedrooms 3
Below Grade Finished Area 1114
Total Baths 3
SqFt Main 1302
SqFt Lower 0
SqFt Upper 0
Bedroom 2
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ExteriorParking Features Driveway
Lot Features Wooded Waterfront
Water Source Well
Lot Size Area 0.5
Foundation Details Basement
Road Surface Type Asphalt Paved
Door Features French Doors
Road Responsibility Publicly Maintained Road
Main Level Garage YN Y
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* Excluded FeaturesList ByHoward Hanna Allen Tate Lake NormanBroker
Affordability Calculator
- Monthly Principal & Interest
- $8,288
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Mooresville, NC
Average List Price $1,028,545
Percent of Sale Price 14%
About Mooresville, NC 41,206 Population
90% Since 2002
$ 63,464 Median Income
37.34 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
293908 Elementary School
2917493 Middle School
Lake Norman High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/19/2026 | $1,200,000 | | Listed Price |