Experience Lake Norman living at its finest in this custom waterfront retreat on a private, gated peninsula. Designed by Don Duffy Architecture and built by renowned custom home builder Philip R. Thomas, this home blends timeless architecture, refined craftsmanship, and relaxed luxury. The open main level features heart-of-pine floors, expansive lake views, and seamless indoor-outdoor flow for effortless entertaining. A gourmet kitchen, inviting great room with stone fireplace, and lakeside screened porch set the stage for everyday living and memorable gatherings. Three main-level bedroom suites, including the serene primary retreat, offer comfort and privacy. Upstairs, a spacious bedroom suite and flex spaces provide room for guests or recreation. Outdoor living shines with over 300 feet of shoreline, double dock with boat lift, outdoor shower, and sweeping main channel views. Set on a private one-acre lot at the tip of Iron Gate, this property offers tranquility, sophistication, and the ultimate Lake Norman lifestyle—just across the water from Davidson College’s Lake Campus, minutes to Mooresville conveniences, and an easy drive to Charlotte.
Closed
$4,200,000
166 Iron Gate Cir, Mooresville, NC 28117
4beds
4,863sqft
Single Family Residence
Built in 2005
1 Acres Lot
$4,353,700 Zestimate®
$864/sqft
$6,328 Estimated rent
Home value
$4,353,700
$4.14M - $4.57M
$6,328/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jessica Martin jess@tsgresidential.com,
TSG Residential
Bought with:
Non Member
Canopy Administration
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4314409
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Main
Bedroom s
- Level: Upper
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom half
- Level: Main
Bathroom full
- Level: Upper
Bathroom full
- Level: Upper
Bathroom full
- Level: Upper
Bonus room
- Level: Upper
Dining room
- Level: Main
Flex space
- Level: Upper
Kitchen
- Level: Main
Laundry
- Level: Main
Living room
- Level: Main
Office
- Level: Main
Heating
- Central, Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Dishwasher, Double Oven, Exhaust Hood, Gas Cooktop, Microwave, Refrigerator, Wall Oven, Warming Drawer, Washer/Dryer
- Laundry: Laundry Room, Main Level, Sink
Features
- Built-in Features, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Walk-In Pantry, Wet Bar
- Flooring: Brick, Carpet, Tile, Wood
- Doors: French Doors, Screen Door(s)
- Has basement: No
- Fireplace features: Gas, Great Room, Porch, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 4,863
- Total interior livable area: 4,863 sqft
- Finished area above ground: 4,863
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Rear Porch, Screened
- Exterior features: In-Ground Irrigation, Outdoor Shower
- Fencing: Back Yard,Fenced
- Has view: Yes
- View description: Water, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Boat Lift, Covered structure, Dock, Waterfront
- Body of water: Lake Norman
Lot
- Size: 1 Acres
- Features: Level, Private, Views
Details
- Parcel number: 4645153684.000
- Zoning: R20
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Cedar Shake, Hardboard Siding, Wood
- Foundation: Crawl Space
Condition
- New construction: No
- Year built: 2005
Details
- Builder model: custom
- Builder name: Philip Thomas Builders
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Underground Utilities
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: The Cove
HOA
- Has HOA: Yes
- HOA fee: $750 annually
Location
- Region: Mooresville
Financial & listing details
- Price per square foot: $864/sqft
- Tax assessed value: $3,744,190
- Annual tax amount: $22,151
- Date on market: 10/29/2025
- Cumulative days on market: 190 days
- Listing terms: Cash,Conventional
- Road surface type: Asphalt, Brick, Concrete, Gravel, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Sold | $4,200,000-10.5%$864/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4314409 Report a problem | ||
| 10/29/2025 | Listed for sale | $4,695,000+7.3%$965/sqft |
Source: Canopy MLS as distributed by MLS GRID #4314409 Report a problem | ||
| 4/8/2025 | Sold | $4,375,000-12.1%$900/sqft |
Source: Canopy MLS as distributed by MLS GRID #4214572 Report a problem | ||
| 1/17/2025 | Listed for sale | $4,975,000-16.4%$1,023/sqft |
Source: Canopy MLS as distributed by MLS GRID #4214572 Report a problem | ||
| 1/17/2025 | Listing removed | $5,950,000$1,224/sqft |
Source: Canopy MLS as distributed by MLS GRID #4111645 Report a problem | ||
| 4/23/2024 | Price change | $5,950,000-8.5%$1,224/sqft |
Source: Canopy MLS as distributed by MLS GRID #4111645 Report a problem | ||
| 3/1/2024 | Listed for sale | $6,500,000$1,337/sqft |
Source: Canopy MLS as distributed by MLS GRID #4111645 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,151 | $3,744,190 |
| 2024 | $22,151 +112.5% | $3,744,190 +113.1% |
| 2023 | $10,425 +26% | $1,756,700 +34.2% |
| 2022 | $8,273 +0% | $1,308,920 |
| 2021 | $8,269 | $1,308,920 |
| 2020 | $8,269 +5% | $1,308,920 |
| 2019 | $7,877 +7.3% | $1,308,920 +5.5% |
| 2018 | $7,339 | $1,240,290 |
| 2017 | $7,339 +0.9% | $1,240,290 |
| 2016 | $7,277 | $1,240,290 |
| 2015 | $7,277 | $1,240,290 -3.1% |
| 2014 | -- | $1,280,360 |
| 2013 | -- | $1,280,360 |
| 2012 | -- | $1,280,360 +1% |
| 2011 | -- | $1,267,250 +10202.8% |
| 2010 | -- | $12,300 |
| 2009 | -- | $12,300 -99.1% |
| 2008 | -- | $1,321,800 +19.2% |
| 2007 | -- | $1,108,530 +94.5% |
| 2006 | -- | $569,920 +89.9% |
| 2005 | -- | $300,040 |
| 2004 | -- | $300,040 +7.2% |
| 2003 | -- | $280,000 +17.6% |
| 2002 | -- | $238,000 |
| 2001 | -- | $238,000 |
| 2000 | -- | $238,000 |
Find assessor info on the county website
Neighborhood: 28117
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Nearby schools
GreatSchools rating
- 4/10Coddle Creek Elementary SchoolGrades: PK-5Distance: 3.9 mi
- 6/10Woodland Heights MiddleGrades: 6-8Distance: 3.3 mi
- 7/10Lake Norman High SchoolGrades: 9-12Distance: 4.3 mi
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Estimated market value
$4,353,700
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Estimated market value
$4,353,700
- North Carolina
- Iredell County
- Mooresville
- 28117
- 166 Iron Gate Cir
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