Yates Realty
188 Sagemore Road, Mooresville, NC

188 Sagemore Road

Mooresville, NC 28117

$2,295,000

Active

About this home

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!

The details

MLS number
4412341
Status
Active
Property type
Single Family Residence
Bedrooms
4
Bathrooms
4 full, 2 half
Living area
2,585 sq ft
Lot
0.72 acres
Year built
1967
Levels
Three
Garage
Yes
Subdivision
None
County
Iredell County
Waterfront
Yes
Days on market
31
Originally listed at
$2,495,000

Facts and features

Interior

Bedrooms by level
Main 1, Upper 2
Full bathrooms by level
Main 2
Half bathrooms by level
Main 1, Upper 1
Heating
Heat Pump
Cooling
Central Air
Laundry
Electric Dryer Hookup, Washer Hookup
Windows
Insulated Window(s)
Basement
Yes
Basement features
Finished
Fireplace
Yes
Appliances
  • Dishwasher
  • Disposal
  • Electric Range
  • Electric Water Heater
  • Exhaust Fan
Interior features
  • Built-in Features
  • Cable Prewire
  • Elevator
  • Open Floorplan
  • Pantry
Fireplace features
  • Family Room
  • Fire Pit
  • Gas Log
  • Wood Burning Stove

Rooms

RoomFeatures
Main
Kitchen
Breakfast
Bathroom-Full
Family Room
Family Room
Breakfast
Kitchen
Bathroom-Full
Bathroom-Half
Bedroom(s)
Upper
Bedroom(s)
2nd Living Quarters
Bedroom(s)
Family Room
Breakfast
Bathroom-Full
Bathroom-Full
Third
Flex Space

Square footage

Above grade finished area
2,585 sq ft
Below grade finished area
0 sq ft
Main level area
1,950 sq ft
Upper level area
500 sq ft
Lower level area
0 sq ft
Third level area
135 sq ft
Unheated area
825 sq ft
Total heated living area
3,600 sq ft

Property

Garage spaces
3
Parking
Driveway, Attached Garage
Open parking
No
Main level garage
Yes
Levels
Three
Fencing
Back Yard
View
Water, Year Round
Body of water
Lake Norman
Lot features
Waterfront
Parcel number
4638-96-5800.000
Zoning
R-1
Zoning description
Residential
Patio and porch
  • Deck
  • Enclosed
  • Patio
  • Rear Porch
  • Screened
Exterior features
  • Elevator
  • Fire Pit
  • Dock - Floating
  • In-Ground Irrigation
  • Storage
Waterfront features
  • Beach - Private
  • Boat Lift
  • Boat Ramp
  • Boat Slip (Deed)
  • Dock
  • Pier
  • Retaining Wall

Construction

Property sub type
Single Family Residence
Construction type
Site Built
Architectural style
Farmhouse
Construction materials
Block, Wood
Foundation
Basement, Slab
Roof
Architectural Shingle
New construction
No
Year built
1967

Utilities

Sewer
Septic Installed
Water source
Well
Utilities
Cable Connected, Electricity Connected

Community and HOA

Community features
None
Subdivision
None
Has an association
No
Subject to HOA
None
City taxes paid to
No City Taxes Paid

Financial and listing details

Price per square foot
$888 per sq ft (computed)
Tax assessed value
$1,216,690
Date on market
August 11, 2026
Cumulative days on market
31
Road surface
Concrete, Paved
Listing updated
September 11, 2026

Price history for this listing

Original list price
$2,495,000
Previous list price
$2,495,000
Price changed
August 28, 2026
Last change
Price Change
Last changed on
August 28, 2026

Virtual tour for this listing

Listing information

Listed by EXP Realty LLC Mooresville

Listing agent: Julie Horton

Email: jdhjulie@gmail.com

MLS number 4412341 · Active

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