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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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188 Sagemore Rd , Mooresville, NC 28117
$2,295,000
Est. Payment: $12,897.98/mo
4 Bed
6 Bath
2585 Sqft
0.72 Acres
Status: active | Days on site: 31
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372902 - 99180
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Terri Bias
Operator/Brokerage Owner

House Description

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!

Highlights

Listed by Julie Horton , 888-584-9431 EXP Realty LLC Mooresville , 336-398-3824. Canopy MLS mls logo

Property Type

Residential

Lot/Acreage
0.72

Year Built

1967

County

Iredell

Neighborhood

None

Listing ID

4412341

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:6
  • ▪ Full Bathrooms:4
  • ▪ 1/2 Bathrooms:2
Appliances:Dishwasher, Disposal, Electric Range, Electric Water Heater, Exhaust Fan
Air Cond:Central Air
Fireplaces:Family Room,Fire Pit,Gas Log,Wood Burning Stove
Above Ground Sq Ft:2585
Basement:Finished
Other:
  • ▪ Additional:Built-in Features, Cable Prewire, Elevator, Open Floorplan, Pantry, Has Fireplace
Water:Well

Exterior Features

Lot:Waterfront,Beach - Private,Boat Lift,Boat Ramp,Boat Slip (Deed),Dock,Pier,Retaining Wall
Zoning:R-1
Roof:Architectural Shingle
Others:
  • ▪ Additional:Elevator, Fire Pit, Dock - Floating, In-Ground Irrigation, Storage
Sewer:Septic Installed
Parking Features:Driveway,Attached Garage
Principal Interest
$12,898
Taxes
$1,463

Home Price

$2,295,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$459,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$12,897.98

Principal

Taxes

Principal Taxes HOA Total
Monthly $12,897.98 $1,463.06 $0.00 $14,361.04
Yearly $154,775.74 $17,556.75 $0.00 $172,332.49
Total $4,643,272.11 $526,702.50 $0.00 $5,169,974.61

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Mooresville, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
Listings courtesy of Canopy MLS as distributed by MLS GRID

IDX service by Blueroof 360

Data last updated: 2026-10-14T21:50:07.000Z

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