188 Sagemore Road
Mooresville, NC, 28117 $ 2,295,000
Bedrooms4 Baths4.2 Sq 3,600 Monthly Estimate*
$ 15,851
for $2,295,000 with 4 bedrooms and 4 full baths, 2 half baths. This 3,600 square foot home was built in 1967 on a lot size of 0.72.
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!
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FeaturesGeneralLiving 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 N
Property Type Residential
HOA N
Subdivision Name None
Garage Y/N Y
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 N
Lot Size Units Acres
Carport Y/N N
Elementary School Lakeshore
Middle/Junior High School Lakeshore
Additional Parcels Y/N N
Virtual Tour https://vimeo.com/1214898784/678b8493bc?share=copy&fl=sv&fe=ci https://vimeo.com/1214898784/678b8493bc?share=copy&fl=sv&fe=ci
Standard Status Active
Construction Type Site Built
Tax Assessed Value 1216690
Listing Terms Cash Conventional
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InteriorInterior 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) Y
Window Features Insulated Window(s)
Fireplace Y/N Y
Above Grade Finished Area 2585
Half Baths 2
Laundry Features Electric Dryer Hookup Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 6
SqFt Main 1950
SqFt Lower 0
SqFt Upper 500
Bedroom 1
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ExteriorExterior 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 Y
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* Excluded FeaturesList ByExp Realty Llc MooresvilleBroker
Affordability Calculator
- Monthly Principal & Interest
- $15,851
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Mooresville, NC
Average List Price $1,032,988
Percent of Sale Price 55%
About Mooresville, NC 41,206 Population
90% Since 2002
$ 63,464 Median Income
37.34 Median Age
35% Households with Children
Trends Information provided by ATTOM Data Solutions.
293739 Elementary School
294374 Middle School
Lake Norman High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/28/2026 | $2,295,000 | -8.02% | Price Down |
| 8/8/2026 | $2,495,000 | | Listed Price |