188 Sagemore Road, Mooresville, NC

Positioned along 165 feet of Lake Norman shoreline, this Mooresville estate represents a sophisticated exercise in multi-generational design. Originally constructed in 1967, the property underwent an extensive transformation culminating in a 2024 renovation that introduced a refined modern farmhouse aesthetic. The 2,585-square-foot residence is configured for maximum utility, offering four bedrooms and six bathrooms across three distinct living areas, each served by its own kitchen. A 2021 expansion added a dedicated suite and guest quarters, which currently operate as a highly regarded short-term rental. In a submarket where true lakefront privacy is increasingly scarce, the combination of significant water frontage and proven income potential offers a rare layer of fiscal utility to a primary residence. This versatility makes the compound particularly suited for those navigating the complexities of extended family living or seeking a turn-key secondary estate. Private viewings of this waterfront residence may be arranged through Peters & Associates.

About the 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!

Price in context

• Asking $888 per square foot.
• That is 51% above the $587 median across 73 active $1.5M+ homes in Mooresville.
• 39th highest asking price of 73 active $1.5M+ homes in Mooresville.
• 67th largest by living area of the 71 with a recorded size.
• Reduced $200,000 (8.0%) from the original $2,495,000 asking price.
• 31 days on the market, listed 2026-08-11.
• County tax assessment $1,216,690; the asking price is 1.89× the assessed value.

Location

Neighborhood: None, Iredell County, ZIP 28117.

Straight-line distances

• Uptown Charlotte: 27.4 mi
• Charlotte Douglas International Airport: 28.4 mi
• Charlotte Country Club: 28.7 mi
• Wilson Air Center (private aviation, CLT): 28.8 mi
• SouthPark Mall: 32.6 mi
• Quail Hollow Club: 35.6 mi

Assigned schools

• Elementary: Lakeshore
• Middle: Lakeshore
• High: Lake Norman

School assignments come from the listing and can change; confirm with the district.

Features

Style

Farmhouse

Levels

Three

Construction

Block, Wood

Roof

Architectural Shingle

Bathrooms

4 full, 2 half

Basement

Finished

Fireplace

Yes

Interior

Built-in Features, Cable Prewire, Elevator, Open Floorplan, Pantry

Kitchen & appliances

Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Fan

Heating

Heat Pump

Cooling

Central Air

Garage

3 spaces

Parking

Driveway, Attached Garage

Exterior

Elevator, Fire Pit, Dock - Floating, In-Ground Irrigation, Storage

Waterfront

Beach - Private, Boat Lift, Boat Ramp, Boat Slip (Deed), Dock, Pier, Retaining Wall

View

Water, Year Round

Lot

Waterfront

Community

None

County

Iredell

Comparable homes on the market

• 143 Hideaway Lane, Mooresville — $2,249,000, 5 bd, 3,870 sq ft, 0.4 mi away
• 122 Sisters Cove Court, Mooresville — $1,599,900, 3 bd, 4,173 sq ft, 1.0 mi away
• 110 Hunts Landing Drive, Mooresville — $1,835,000, 4 bd, 5,183 sq ft, 1.1 mi away
• 615 Kenway Loop, Mooresville — $2,290,000, 4 bd, 4,763 sq ft, 1.3 mi away
• 644 Normandy Road, Mooresville — $3,395,000, 4 bd, 5,913 sq ft, 1.3 mi away
• 678 Normandy Road, Mooresville — $2,800,000, 4 bd, 5,301 sq ft, 1.4 mi away

See it privately

Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 980-391-4595. Request a private showing.