2.1+ Acre Waterfront on Hyco Lake with Boathouse & Finished Basement Escape to the ultimate waterfront retreat at 39 Rainbow Ridge Rd in Semora's coveted Pinesborough Estates. Situated on a prime 0.76-acre lot and offered together with the adjoining 1.37-acre lot, this expansive 2.13-acre property offers rare privacy, room to expand, and world-class outdoor entertainment on Hyco Lake. The main residence features 2,762 heated square feet with 2 full baths, 1 half bath, and a fully finished 974 sq. ft. walk-out basement, ideal for a secondary living space or game room. Step outside onto expansive multi-tiered decking and covered porch space, designed for hosting large gatherings or soaking in calm water views. Two detached storage sheds provide plenty of room for lake gear and equipment. At the shoreline sits a rare boathouse complex set in deep water. This expansive water feature includes an enclosed boathouse structure, a covered porch area, and large open pier decking. With double-lot privacy and deep-water access, this complete waterfront property is ready for immediate lake living.
For sale
$1,145,000
39 Rainbow Ridge Rd, Semora, NC 27343
3beds
2,762sqft
Single Family Residence
Built in 1986
0.76 Acres Lot
$1,063,700 Zestimate®
$415/sqft
$-- HOA
What's special
Expansive multi-tiered deckingDouble-lot privacyCovered porch spaceEnclosed boathouse structureLarge open pier deckingCalm water views
- 39 days
- 513
- 12
Zillow last checked:
Listing updated:
Listed by:
Javon Terrell Gaters 919-448-1070,
Marie Austin Realty
Source: Doorify MLS,MLS#: 10190688
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Second
Heating
- Heat Pump
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator, Washer/Dryer, Washer/Dryer Stacked
- Laundry: Laundry Closet
Features
- Ceiling Fan(s), Crown Molding, Eat-in Kitchen, Granite Counters, Wired for Sound
- Flooring: Carpet, Luxury Vinyl
- Basement: Bath/Stubbed,Daylight,Exterior Entry,Finished,Full,Walk-Out Access
- Number of fireplaces: 1
- Fireplace features: Basement
Interior area
- Total structure area: 2,762
- Total interior livable area: 2,762 sqft
- Finished area above ground: 1,788
- Finished area below ground: 974
Property
Parking
- Parking features: Boat, Circular Driveway, Driveway
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Covered, Deck, Front Porch, Patio, Rear Porch
- Exterior features: Balcony, Boat Slip, Dock, Lighting, Storage
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake, Lake Front
- Body of water: Hyco Lake
- Frontage type: Lakefront
Lot
- Size: 0.76 Acres
- Features: Back Yard, Front Yard, Views, Waterfront
Details
- Additional structures: Boat House, Packing Shed, Shed(s), Storage, Workshop
- Parcel number: A24A 35
- Special conditions: Seller Not Owner of Record
- Other equipment: Generator
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence
Materials
- Unknown
- Foundation: Brick/Mortar
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Subdivision: Pinesborough Estates
HOA
- Has HOA: No
Location
- Region: Semora
Financial & listing details
- Price per square foot: $415/sqft
- Tax assessed value: $753,021
- Annual tax amount: $2,815
- Date on market: 9/4/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Asphalt, Gravel
Estimated market value
$1,063,700
$1.01M - $1.12M
$2,681/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $1,145,000$415/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,890 +29.1% | $753,021 +44.6% |
| 2024 | $2,238 -0.1% | $520,735 |
| 2023 | $2,242 +0.2% | $520,735 |
| 2022 | $2,238 -43.5% | $520,735 |
| 2021 | $3,957 +38.1% | $520,735 +39.5% |
| 2020 | $2,865 | $373,336 |
| 2019 | -- | $373,336 |
| 2018 | -- | $373,336 +0% |
| 2017 | $2,688 | $373,335 |
| 2016 | $2,688 -0.3% | $373,335 |
| 2015 | $2,697 +0.1% | $373,335 |
| 2014 | $2,694 | $373,335 +24.6% |
| 2012 | -- | $299,586 |
| 2011 | $2,185 | $299,586 |
| 2010 | -- | $299,586 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 27343
Nearby schools
Schools provided by the listing agent
- Elementary: Person - Woodland Elementary
- Middle: Person - Northern Middle
- High: Person - Person High
Source: Doorify MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






