$2,135,000
SOLD SEP 11, 2025

20400 Rainbow Cir Cornelius, NC 28031

5 Beds
4.5 Baths
4,060 Sq Ft
0.5 Acres

Recently Sold

$526 Per Sq Ft

19% Below List Price

279 Days on Market

Highlights

  • Water Views
  • Access To Lake
  • New Construction
  • Bailey Middle School Rated A-
  • Heated Pool and Spa
  • Open Floorplan

About This Home

As of September 2025

Welcome to this exquisitely crafted Modern Tudor, perfectly situated in the heart of Cornelius w/ lake access. Step through the grand arched doorway into an open living space w/ soaring ceilings, hardwoods throughout, & a chef-inspired kitchen that inspires. The kitchen features a massive island, solid wood shaker-style cabinetry w/ soft-close, under-cabinet lighting, quartzite countertops, stylish tile backsplash, a 48" premium gas range, & scullery w/ abundant storage. An expansive primary suite offers a custom-designed walk-in closet & private laundry room for added convenience. Both the primary & second-floor en suites showcase frameless glass, zero-entry showers. Additional laundry room upstairs, w/ a sleek fluted glass door. Step outside to your private lanai, complete w/ a 42" gas fireplace— next to the sparkling saltwater pool and spa. The home is pre-wired for seamless A/V & internet connectivity. Don’t miss the chance to own a brand-new, luxury home in the heart of Cornelius!

Last Agent to Sell the Property

Nanda Moscovitch

Ivester Jackson Properties Brokerage Email: nanda@ivesterjackson.com License #304833 Listed on: 12/07/2024

Last Buyer's Agent

John Holzer

Nitro Realty Group LLC License #337622

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,312

Year Built

  • Built in 2025 | New Construction

Lot Details

  • Privacy Fence
  • Fenced
  • Level Lot
  • Property is zoned GR

Parking

  • 3 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Modern Architecture
  • Tudor Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wired For Data
  • Ceiling Fan
  • Gas Fireplace
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Great Room with Fireplace
  • Wood Flooring
  • Water Views
  • Pull Down Stairs to Attic

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Garden Bath

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Pool

  • Heated Pool and Spa
  • Heated In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Access To Lake
  • Covered Patio or Porch
  • Outdoor Fireplace

Schools

  • Cornelius Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Built by Lagniappe Homes
  • Biscayne Park Subdivision, Archdale Floorplan

Listing and Financial Details

  • Assessor Parcel Number 00170203

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,312

Year Built

Built in 2025 | New Construction

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Modern, Tudor
  • Year Built: 2025
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 525.86
  • Geocode Confidence: High
  • Attribution Contact: nanda@ivesterjackson.com
  • Special Features: 4098

Interior Features

  • Foundation Details: Slab
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Attic Stairs Pulldown, Attic Walk In, Cable Prewire, Drop Zone, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Storage, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2108
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 1952
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Tankless Water Heater
  • Other Equipment: Network Ready
  • Above Grade Finished Sq Ft: 4060
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Gas Vented, Great Room, Outside
  • Living Area: 4060
  • Window Features: Insulated Window(s)
  • Bedroom Main: 1
  • Room Count: 19

Exterior Features

  • New Construction: Yes
  • Roof: Shingle
  • Construction Type: Site Built
  • Fencing: Fenced, Privacy
  • Pool Features: Heated, In Ground, Pool/Spa Combo, Salt Water
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: None
  • Construction Type: Brick Partial, Wood
  • Patio And Porch Features: Awning(s), Covered, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 871
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Front, Garage Faces Side

Utilities

  • Heating: Natural Gas, Zoned
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Room, Main Level, Sink, Upper Level, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Utilities: Natural Gas
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Lake Access
  • Senior Community: No

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Area: 0.5
  • Lot Size Units: Acres
  • Parcel Number: 00170203
  • Development Status: Completed
  • Zoning Specification: GR

Green Features

  • Green Verification Count: 0

Building Info

  • Builder Name: Lagniappe Homes

MLS Schools

  • Elementary School: Cornelius
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Mar 28, 2024
Sold by
Greco Thomas C and Greco Christine
Bought by
Rainbow Circle Project Llc
Seller's Agent
Courtney Martin
Ivester Jackson Distinctive Properties
Buyer's Agent
Nanda Moscovitch
Ivester Jackson Properties
List Price
$379,000
Sold Price
$360,000
Premium/Discount to List
-$19,000
-5.01%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
232.23%

Purchase Details

Listed on
Mar 31, 2015
Closed on
Aug 26, 2015
Sold by
Stack Ricky E and Stack Michele
Bought by
Greco Thomas C and Greco Christine
Seller's Agent
Stephen Phillips
Buyer's Choice Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$90,900
Sold Price
$91,000
Premium/Discount to List
$100
0.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.38%

Purchase Details

Closed on
Dec 20, 1995
Sold by
Neville Jr Johnny L and Phyllis Saxon F
Bought by
Stack Ricky E
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $360,000 None Listed On Document
Warranty Deed $91,000 None Available
Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2025 09/11/25 Sold $2,135,000 -5.1% $526 / Sq Ft
07/14/2025 07/14/25 Price Changed $2,249,000 -1.1% $554 / Sq Ft
06/23/2025 06/23/25 Price Changed $2,275,000 -3.2% $560 / Sq Ft
06/03/2025 06/03/25 Price Changed $2,349,000 -5.9% $579 / Sq Ft
05/29/2025 05/29/25 Price Changed $2,495,000 -4.0% $615 / Sq Ft
05/14/2025 05/14/25 Price Changed $2,599,000 -1.9% $640 / Sq Ft
04/11/2025 04/11/25 Price Changed $2,650,000 0.0% $653 / Sq Ft
04/11/2025 04/11/25 For Sale $2,650,000 +24.1% $653 / Sq Ft
03/28/2025 03/28/25 Off Market $2,135,000 -- --
12/12/2024 12/12/24 Pending -- -- --
12/07/2024 12/07/24 For Sale $2,495,000 +593.1% $615 / Sq Ft
03/28/2024 03/28/24 Sold $360,000 -5.0% --
11/16/2023 11/16/23 For Sale $379,000 +316.5% --
08/31/2015 08/31/15 Sold $91,000 +0.1% --
08/04/2015 08/04/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $90,900 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,312 $831,600 $200,000 $631,600
2024 $1,312 $200,000 $200,000 --
2023 $849 $200,000 $200,000 $0
2022 $849 $100,000 $100,000 $0
2021 $839 $100,000 $100,000 $0
2020 $839 $100,000 $100,000 $0
2019 $839 $100,000 $100,000 $0
2018 $647 $60,000 $60,000 $0
2017 $642 $60,000 $60,000 $0
2016 $642 $60,000 $60,000 $0
2015 $633 $60,000 $60,000 $0
2014 $633 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4205672

Canopy MLS (Canopy Realtor® Association)

APN: 001-702-03