Lake Living with Room for All Your Toys – Plus Extra Lots!
If weekends at Rathbun Lake are your happy place, this property deserves a spot at the top of your list. Located in Lakeshore Heights just minutes from Honey Creek State Park and the boat ramp, this 3 BR, 2 BA home offers the perfect setup for relaxing, entertaining, and making lasting lake memories.
Inside, the open-concept layout creates a comfortable gathering space after a day on the water. One of the standout features is the oversized 16.5 x 24 third bedroom with French doors, which offers incredible flexibility—use it as a bunk room for guests, or a second living area.
Additional spaces throughout the home make it easy to host family and friends. Enjoy your coffee in the bright sunroom, unwind on the covered back patio, or gather around the stone fire pit for evenings under the stars. The basement offers additional sleeping space, perfect for accommodating extra guests during busy summer weekends.
Outside, you'll appreciate the wide concrete driveway, RV electrical hookup and water, and a finished 20 x 24 garage that works great as additional hangout space, or storage for lake gear. A storage shed provides even more room for outdoor equipment.
And here’s the feature that truly sets this property apart: two additional flat lots are included, giving you the rare opportunity to build a shop, add another garage for all your lake toys.
Pending
$265,000
17788 Shanghi Rd, Moravia, IA 52571
3beds
1,306sqft
Single Family Residence
Built in 1972
-- sqft lot
$246,900 Zestimate®
$203/sqft
$-- HOA
What's special
- 30 days
- 36
- 0
Zillow last checked:
Listing updated:
Listed by:
Carie Leon 641-658-3111,
Iowa Realty South Lakes
Source: DMMLS,MLS#: 741281
Originating MLS: Des Moines Area Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Heating
- Forced Air, Gas
Cooling
- Central Air
Interior area
- Total structure area: 1,306
- Total interior livable area: 1,306 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Two Car Garage
- Attached garage spaces: 2
Features
- Stories: 1
Details
- Parcel number: multiple
- Zoning: Res
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: Rural
Community & HOA
HOA
- Has HOA: No
Location
- Region: Moravia
Financial & listing details
- Price per square foot: $203/sqft
- Tax assessed value: $168,110
- Annual tax amount: $1,826
- Date on market: 3/10/2026
- Cumulative days on market: 223 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Gravel
Estimated market value
$246,900
$235,000 - $259,000
$1,252/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/30/2026 | Pending sale | $265,000$203/sqft |
Source: | ||
| 7/28/2026 | Price change | $265,000-8%$203/sqft |
Source: | ||
| 5/1/2026 | Price change | $288,000-3.7%$221/sqft |
Source: | ||
| 3/10/2026 | Listed for sale | $299,000$229/sqft |
Source: | ||
| 12/23/2025 | Listing removed | $299,000$229/sqft |
Source: | ||
| 10/20/2025 | Listed for sale | $299,000+251.8%$229/sqft |
Source: | ||
| 8/15/2014 | Sold | $85,000+21.4%$65/sqft |
Source: | ||
| 9/7/2005 | Sold | $70,000$54/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,610 -0.9% | $168,110 +19.9% |
| 2024 | $1,624 +2.4% | $140,180 +7% |
| 2023 | $1,586 +5.3% | $131,010 +15.3% |
| 2022 | $1,506 +7.7% | $113,580 +2.8% |
| 2021 | $1,398 -0.1% | $110,450 +13.4% |
| 2020 | $1,400 -4.2% | $97,440 |
| 2019 | $1,461 -1.3% | $97,440 +8.6% |
| 2018 | $1,480 | $89,730 +20.5% |
| 2017 | $1,480 +20.3% | $74,480 |
| 2016 | $1,230 | $74,480 +0.3% |
| 2015 | $1,230 +17.4% | $74,270 +0.8% |
| 2014 | $1,048 +11.5% | $73,710 |
| 2013 | $940 | -- |
Find assessor info on the county website
Monthly payment
Est. payment





