Price Reduction - Waterfront
Address
188 Sagemore Road, Mooresville, NC
Price
$ 2,295,000
Property Attributes
- ID#4412341
- TypeSingle Family
- Listing Status Active
- CountyIREDELL
- CityMooresville
- AreaIredell County
- Zip28117
- StyleFarmhouse
- Year Built1967
- Price$ 2,295,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms2
- Sqr Footage3600
- Lot Size0.72 Acres
Data Source:
Canopy MLS
Property Description
A Rare Opportunity to Own a Fully Reimagined Lake Norman Waterfront Compound! Completely transformed to meet today's lifestyle, this exceptional Lake Norman property offers the perfect blend of luxury, flexibility, and income potential on approximately 165 feet of spectacular waterfront. The thoughtfully designed Multi-Generational Suite and separate Airbnb were completed in 2021, creating exceptional flexibility for extended family, guests, or private living quarters. The Airbnb has since become the highly rated "Tranquility Cove," an established 5-Star VRBO loved by guests for its peaceful lakefront setting and outstanding accommodations. In 2026, the original residence underwent an extensive renovation, beautifully blending modern finishes with timeless Modern Farmhouse design. The result is a home that lives like new while maintaining the character and charm of its exceptional Lake Norman setting. Altogether, the property offers three kitchens, three spacious living areas, four full bathrooms, two half bathrooms, two fireplaces, and a three-car garage, making it ideal for large families, multi-generational living, entertaining, or those seeking flexible living arrangements. Outside, the experience continues with expansive Trex decking, an incredible backyard, approximately 165 feet of shoreline, a private dock with electricity, lighting, and boat lift, plus a sandy beach and kayak launch, creating your own private waterfront retreat. Whether you're looking for a luxury primary residence, a family compound, a weekend getaway, or a home with established income potential, opportunities like this are incredibly rare on Lake Norman. PROPERTY HIGHLIGHTS • Extensive renovation of the original home completed in 2026 • Multi-Generational Suite completed in 2021 • Separate Accessory Dwelling Unit completed in 2021 • Established 5-Star VRBO, "Tranquility Cove" • Approximately 165 feet of waterfront • Three kitchens • Three living areas • Four full bathrooms and two half bathrooms • Two fireplaces • Three-car garage • Private dock with electricity, lighting, and boat lift • Sandy beach and kayak launch • Expansive Trex decking and beautifully designed outdoor living spaces This isn't simply another waterfront home. It's a fully reimagined Lake Norman property offering luxury living, remarkable flexibility, and endless possibilities. Don’t miss seeing the property!
| Elementary School | Middle School | High School |
|---|---|---|
| Lakeshore Elementary School | Lakeshore Middle School | Lake Norman High School |
| Price History | |
|---|---|
| 8/8/2026 | Listed $2,495,000 |
| 8/28/2026 | 9$2,295,000 |
General Features
| Living Area | 2585 |
|---|---|
| Sewer | Septic Installed |
| Heating | Heat Pump |
| Cooling | Central Air |
| Utilities | Cable Connected,Electricity Connected |
| Roof | Architectural Shingle |
| Appliances | Dishwasher,Disposal,Electric Range,Electric Water Heater,Exhaust Fan |
| Zoning | R-1 |
| Garage Spaces | 3 |
| Patio/Porch Features | Deck,Enclosed,Patio,Rear Porch,Screened |
| Architectural Style | Farmhouse |
| Security Features | Security System,Smoke Detector(s) |
| Construction Materials | Block,Wood |
| Year Built | 1967 |
| View | Water,Year Round |
| Levels | Three |
| Property Subtype | Single Family Residence |
| Parcel Number | 4638-96-5800.000 |
| Waterfront Features | Beach - Private,Boat Lift,Boat Ramp,Boat Slip (Deed),Dock,Pier,Retaining Wall |
| Community Features | None |
| County | Iredell |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | None |
| Garage Y/N | Yes |
| Full Baths | 4 |
| Directions | From NC Highway 150 (River Highway),turn onto Perth Road. Continue approximately 1.5 miles,then turn right onto Sagemore Road. Follow Sagemore Road to 188 Sagemore Road on the right near the cul-de-s |
| High School | Lake Norman |
| City | Mooresville |
| Body of Water | Lake Norman |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | Lakeshore |
| Middle/Junior High School | Lakeshore |
| Additional Parcels Y/N | No |
| Virtual Tour | https://vimeo.com/1214898784/678b8493bc?share=copy&fl=sv&fe=ci |
| Standard Status | Active |
| CAR_HOASubjectTo | None |
| Construction Type | Site Built |
| Tax Assessed Value | 1216690 |
| Virtual Tour | https://vimeo.com/1214898784/678b8493bc?share=copy&fl=sv&fe=ci |
| Listing Terms | Cash,Conventional |
Interior Features
| Interior Amenities | Built-in Features,Cable Prewire,Elevator,Open Floorplan,Pantry |
|---|---|
| Basement | Finished |
| Fireplace Features | Family Room,Fire Pit,Gas Log,Wood Burning Stove |
| Basement (Y/N) | Yes |
| Window Features | Insulated Window(s) |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 2585 |
| Half Baths | 2 |
| Laundry Features | Electric Dryer Hookup,Washer Hookup |
| Total Bedrooms | 4 |
| Total Baths | 6 |
| SqFt Main | 1950 |
| SqFt Upper | 500 |
| Bedroom | 1 |
Exterior Features
| Exterior Amenities | Elevator,Fire Pit,Dock - Floating,In-Ground Irrigation,Storage |
|---|---|
| Fencing | Back Yard |
| Parking Features | Driveway,Attached Garage |
| Lot Features | Waterfront |
| Water Source | Well |
| Lot Size Area | 0.72 |
| Foundation Details | Basement,Slab |
| Road Surface Type | Concrete,Paved |
| Road Responsibility | Publicly Maintained Road |
| Main Level Garage YN | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 28117
Price
Year Built
Visits
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