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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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188 Sagemore Rd , Mooresville, NC 28117
$2,295,000
Est. Payment: $5,100.00/mo
4 Bed
6 Bath
2585 Sqft
Status: Active | Days on site: 31
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372902 - 99180
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House 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!

Highlights

Listed by Julie Horton , 888-584-9431 EXP Realty LLC Mooresville , 336-398-3824.

Property Type

Residential

Lot/Acreage
0.72

Year Built

1967

County

Iredell

Neighborhood

None

Listing ID

4412341

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:6
  • Full Bathrooms:4
  • 1/2 Bathrooms:2
Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Fan
Air Cond:Central Air
Fireplaces:Family Room,Fire Pit,Gas Log,Wood Burning Stove
Above Ground Sq Ft:2585
Below Ground Sq Ft:0
Basement:Finished
Other:
  • Additional:Built-in Features, Cable Prewire, Elevator, Open Floorplan, Pantry, Has Fireplace
Water:Well

Exterior Features

Lot:Waterfront,Beach - Private,Boat Lift,Boat Ramp,Boat Slip (Deed),Dock,Pier,Retaining Wall
Zoning:R-1
Roof:Architectural Shingle
Others:
  • Additional:Elevator, Fire Pit, Dock - Floating, In-Ground Irrigation, Storage
Sewer:Septic Installed
Parking Features:Driveway,Attached Garage
Principal Interest
$5,100
Taxes
$1,463

Home Price

$2,295,000

Loan Details

30 yrs
%

Down Payment

20%
$459,000
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Monthly Price:
$5,100.00

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,100.00 $1,463.06 $0.00 $6,563.06
Yearly $61,200.00 $17,556.75 $0.00 $78,756.75
Total $1,836,000.00 $526,702.50 $0.00 $2,362,702.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Mooresville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.