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$1,200,000
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Property Description
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.
Full Property Details
Full Property Details for 115 Rainbow Ln
General
- Price: $1,200,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4413654
- Updated: 8/19/2026
- Added to Site: 47 day(s) ago
Interior
- Interior Features: Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Other - See Remarks, Other - See Remarks
- Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Water Heater
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
- Main - Full Baths: 2
- Basement Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms-B: 1
- Bedrooms Main & Up: 2
Other Rooms
- Laundry: Electric Dryer Hookup, In Basement
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Driveway
Location
- County: Iredell
- Subdivision: Catalina Cove
School Information
- Elementary School: Coddle Creek
- Middle School: Woodland Heights
- High School: Lake Norman
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Heat Pump
Utilities
- Sewer: Septic Installed
- Water: Well
Structural Information
- Construction: Site Built
- Exterior Const.: Brick Full
- Basement: Yes
- Basement Desc.: Walk-Out Access
- Main/1st Level: 1,302 Sq. Ft.
- Year Built: 1969
Lot Features
- Street/Road Desc.: Asphalt, Paved
- Lot Features: Wooded, Waterfront
- Rcmdd Zoning: R-20
Water Features
- Water Front Name: Lake Norman
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 4646-21-4059.000
- Lot Number: 2242-585
Listed by Howard Hanna Allen Tate Lake Norman
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Schools
Schools serving 115 Rainbow Ln
School District:Iredell-Statesville Schools
| Name | Grades | Distance |
|---|---|---|
Coddle Creek Elementary School 141 Frank's Crossing Loop, Mooresville, NC 28115 | PK-5 | 4.2 mi |
Woodland Heights Middle 272 Forest Lake Boulevard, Mooresville, NC 28117 | 6-8 | 2.9 mi |
Lake Norman High School 186 Doolie Road, Mooresville, NC 28117 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 115 Rainbow Ln
Date
Details
Price
Change
Source
8/19/2026
Listed
$1,200,000
139.52%
MLS
5/16/2013
Sold
$501,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 115 Rainbow Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,636
-6%
$775,630
—
2024
$4,923
6%
$775,630
—
2023
$4,636
43%
$775,630
53%
2022
$3,236
—
$506,810
—
2021
$3,236
—
$506,810
—
2020
$3,236
10%
$506,810
3%
2017
$2,936
—
$490,830
—
2016
$2,936
-5%
$490,830
-3%
2019
$3,084
7%
$506,810
4%
2015
$2,881
8%
$485,590
-2%
2014
$2,671
2%
$494,190
1%
2013
$2,626
—
$490,320
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 115 Rainbow Ln
115 Rainbow Lane, Mooresville, NC 28117 (MLS# 4413654) is a Single Family property with 3 bedrooms and 3 full bathrooms. 115 Rainbow Lane is currently listed for $1,200,000 and was received on August 19, 2026. Want to learn more about 115 Rainbow Lane? Do you have questions about finding other Single Family real estate for sale in Mooresville? You can browse all Mooresville real estate or contact a Coldwell Banker agent to request more information.

