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!
Active
Price cut: $200K (8/28)
$2,295,000
188 Sagemore Rd, Mooresville, NC 28117
4beds
3,600sqft
Single Family Residence
Built in 1967
0.72 Acres Lot
$2,170,900 Zestimate®
$638/sqft
$-- HOA
What's special
Multi-generational suitePeaceful lakefront settingTwo fireplacesExpansive trex deckingThree-car garageOutstanding accommodationsIncredible backyard
- 49 days
- 866
- 41
Zillow last checked:
Listing updated:
Listed by:
Julie Horton jdhjulie@gmail.com,
EXP Realty LLC Mooresville
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4412341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
- Main level bedrooms: 1
Bedroom s
- Level: Main
Bedroom s
- Level: Upper
Bedroom s
- Level: 2nd Living Quarters
Bathroom full
- Level: Main
Bathroom full
- Level: Main
Bathroom half
- Level: Main
Bathroom full
- Level: 2nd Living Quarters
Bathroom full
- Level: 2nd Living Quarters
Breakfast
- Level: Main
Breakfast
- Level: Main
Breakfast
- Level: 2nd Living Quarters
Family room
- Level: Main
Family room
- Level: Main
Family room
- Level: 2nd Living Quarters
Flex space
- Level: Third
Kitchen
- Level: Main
Kitchen
- Level: Main
Heating
- Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Fan
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Built-in Features, Elevator, Open Floorplan, Pantry, Total Primary Heated Living Area: 2585
- Windows: Insulated Windows
- Basement: Finished
- Fireplace features: Family Room, Fire Pit, Gas Log, Wood Burning Stove
Interior area
- Total structure area: 2,450
- Total interior livable area: 3,600 sqft
- Finished area above ground: 2,585
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Attached Garage, Garage on Main Level
- Attached garage spaces: 3
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 3
- Patio & porch: Deck, Enclosed, Patio, Rear Porch, Screened
- Exterior features: Elevator, Fire Pit, In-Ground Irrigation, Storage
- Fencing: Back Yard
- Has view: Yes
- View description: Water, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Beach - Private, Boat Lift, Boat Ramp, Boat Slip (Deed), Dock, Pier, Retaining Wall, Waterfront
- Body of water: Lake Norman
Lot
- Size: 0.72 Acres
Living quarters
- Secondary living space: 1015 sqft
- Secondary features: Exterior Connected,Main Level Garage,Separate Entrance,Separate Kitchen Facilities,Separate Living Quarters
Details
- Parcel number: 4638965800.000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Single Family Residence
Materials
- Block, Wood
- Foundation: Slab
Condition
- New construction: No
- Year built: 1967
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Cable Connected, Electricity Connected
Community & HOA
Community
- Features: None
- Security: Security System, Smoke Detector(s)
- Subdivision: None
Location
- Region: Mooresville
Financial & listing details
- Price per square foot: $638/sqft
- Tax assessed value: $1,216,690
- Annual tax amount: $7,238
- Date on market: 8/11/2026
- Cumulative days on market: 49 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Concrete, Paved
Estimated market value
$2,170,900
$2.06M - $2.28M
$4,496/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Price change | $2,295,000-8%$638/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4412341 Report a problem | ||
| 8/11/2026 | Listed for sale | $2,495,000+15493.8%$693/sqft |
Source: Canopy MLS as distributed by MLS GRID #4412341 Report a problem | ||
| 10/6/2015 | Sold | $16,000-93.6%$4/sqft |
Source: Public Record Report a problem | ||
| 6/25/2015 | Sold | $250,000-29.6%$69/sqft |
Source: Canopy MLS as distributed by MLS GRID #2149905 Report a problem | ||
| 1/10/2015 | Listing removed | $355,000$99/sqft |
Source: Coldwell Banker United, Realtors #2149905 Report a problem | ||
| 2/21/2014 | Listed for sale | $355,000-11.2%$99/sqft |
Source: Coldwell Banker United, Realtors of Charlotte, NC #2149905 Report a problem | ||
| 11/2/2013 | Listing removed | $399,995$111/sqft |
Source: Coldwell Banker United, Realtors #2149905 Report a problem | ||
| 5/2/2013 | Listed for sale | $399,995$111/sqft |
Source: Coldwell Banker United, Realtors of Charlotte, NC #2149905 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,238 | $1,216,690 |
| 2024 | $7,238 -14.3% | $1,216,690 -14.4% |
| 2023 | $8,449 +62.4% | $1,421,910 +73.5% |
| 2022 | $5,202 +0.1% | $819,450 |
| 2021 | $5,198 +70% | $819,450 +71.3% |
| 2020 | $3,058 +4.9% | $478,470 |
| 2019 | $2,915 +14% | $478,470 +14.2% |
| 2018 | $2,556 | $419,150 |
| 2017 | $2,556 +14.8% | $419,150 +10.5% |
| 2016 | $2,226 | $379,310 +4.2% |
| 2015 | $2,226 | $363,890 -1.2% |
| 2014 | -- | $368,130 |
| 2013 | -- | $368,130 |
| 2012 | -- | $368,130 |
| 2011 | -- | $368,130 -0.8% |
| 2010 | -- | $370,950 |
| 2009 | -- | $370,950 |
| 2008 | -- | $370,950 |
| 2007 | -- | $370,950 +65% |
| 2006 | -- | $224,760 |
| 2005 | -- | $224,760 |
| 2004 | -- | $224,760 |
| 2003 | -- | $224,760 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28117
Nearby schools
Schools provided by the listing agent
- Elementary: Lakeshore
- Middle: Lakeshore
- High: Lake Norman
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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