Property listing for 132 Malibu Rd, Mooresville, NC 28117
Active Under ContractSingle Family Home

$1,445,000

132 Malibu Rd, Mooresville, NC 28117

Turnkey Lake Norman Waterfront — 115' Shoreline, Dock (2022)

4 Bed · 2 Bath · 1,949 Sq Ft

Remodeled 4BR/2BA lake home with finished walk-out lower level and conditioned guest garage/game room.

4

Beds

2

Baths

1,949

Sq Ft

1967

Built

0.57 acres

Lot

Detached conditioned 2-car (≈588 sq ft) — currently game room

Garage

About 132 Malibu Rd

Rare turnkey lakefront opportunity on Lake Norman offering 115 feet of direct shoreline and a private dock installed in 2022. This extensively updated home (permitted remodel completed 2022) presents a seamless lakeside lifestyle: the main level hosts an open-concept living area with vaulted ceiling and a cozy gas-log fireplace, four main-level bedrooms and two full baths, plus a convenient laundry room. Every major system was addressed during the renovation — new HVAC (2022), well (2022) and septic (2023) — and the roof was replaced in 2025, so you can enjoy the waterfront with minimal near-term capital expense.

The finished walk-out basement expands your living and entertaining footprint with easy access to outdoor decks and a shallow beach area at the water’s edge. Outdoor living is prioritized here: multiple composite deck and seating areas, a built-in firepit and wide cove access that opens quickly to boating, skiing and fishing. The detached 588 sq ft conditioned structure is currently set up as a game room with a mini-split, but the footprint easily converts back to a two-car garage if desired — a flexible asset for guest space, workshop, or covered boat/trailer storage.

Positioned in southern Mooresville, this home combines the tranquility of Lake Norman with commuter convenience: fast access to I-77, a short drive to the Lowe’s corporate campus and roughly a 30-minute commute to Charlotte Douglas Airport and Uptown Charlotte. With no HOA and short-term rentals reportedly permitted, the property has demonstrated success as a vacation rental and also functions beautifully as a full-time residence or part-time waterfront retreat. Seller-maintained improvements and strong turnkey condition set this listing apart from typical lakefront resale inventory.

Serious buyers should request documentation for the 2022 remodel, recent roof replacement (2025), and well/septic reports. Shoreline and dock permitting records should also be reviewed. This is a move-in-ready Lake Norman property that blends modern systems, flexible use, and classic lake living — an exceptional offering for those who want an immediate waterfront lifestyle without the usual renovation lag.

Home Highlights

115 ft private shoreline with dock (2022)Full remodel with permits (2022) + roof (2025)Detached conditioned 588 sq ft structure — game room or garageFinished walk-out basement and multiple outdoor living areasNo HOA; short-term rental history

Property Features

Interior Features

  • 4 bedrooms on main level
  • 2 full bathrooms
  • Open-concept living and kitchen with vaulted ceiling
  • Gas log fireplace in living room
  • Finished walk-out basement (bonus living space)
  • Laundry room on main level
  • Major systems replaced in 2022 (HVAC, well) and septic replaced 2023

Exterior & Lot

  • Approx. 115 ft of shoreline and beach area
  • Private dock (built 2022)
  • Multiple composite decks and built-in firepit seating
  • Detached conditioned 2-car structure (≈588 sq ft)
  • Lot size: 0.57 acres (24,829 sq ft)
  • Roof replaced in 2025

Location & Neighborhood

  • Southern Mooresville / Lake Norman corridor
  • Quick access to I-77 and Lowe's corporate campus
  • Approx. 30 minutes to Uptown Charlotte and CLT airport
  • No HOA — flexible property use (short-term rentals reported allowed)

Walkability & Recreation

  • Walkability Rating: 35/100
  • Direct waterfront access for boating, skiing, fishing
  • Nearby parks, marinas and Lake Norman recreation
  • Short drive to downtown Mooresville dining and services

Neighborhood & Location

Southern Mooresville along Lake Norman is characterized by established lakefront homes, seasonal and year-round residents, and a mix of renovated cottages and newer custom builds. The area offers strong boating and recreational access, convenient commuter routes to Charlotte, and close proximity to Mooresville’s retail and dining nodes. Neighborhood character is relaxed and focused on outdoor living and water-based recreation.

Market Insights

Lake Norman waterfronts sit in a distinct pricing tier above general Mooresville inventory. While the townwide median sale price is in the mid-hundreds, lakefront parcels command large premiums due to limited supply, shoreline length, and water access. In the current market (2026), demand for turnkey waterfront properties remains strong with low months-of-inventory for lakefront homes — buyers often pay for immediate access, recent capital improvements, and low-maintenance condition. For sellers, well-presented, permitted renovations (like this property's 2022 remodel and 2025 roof) can justify pricing near the top of the neighborhood band. For buyers and investors, focus on verifying shoreline rights, insurance implications, and short-term rental rules; if STR-friendly, this property can deliver premium seasonal rates that materially improve yield versus traditional long-term leases.

Nearby Schools

Mooresville Elementary School

Elementary · 3-4 mi

7/10

Mooresville Middle School

Middle · 3-6 mi

7/10

Lake Norman High School

High · 4-7 mi

7/10

Walkability & Recreation

35
Walkability
92
Recreation

Exceptional on-water recreation: direct dock access for boating, wide cove for safe anchorage, nearby marinas and parkland for trails and picnics.

Investment Highlights

  • 115 ft private shoreline and dock (built 2022) — prime lake frontage
  • Turnkey condition after full remodel in 2022; roof replaced 2025
  • Finished walk-out basement plus detached conditioned 588 sq ft building (2-car footprint)
  • No HOA and short-term rentals reportedly allowed — potential income upside
  • Quick access to I-77, Lowe's Corporate campus, and ~30-minute drive to Charlotte

Key Findings

  • List price: $1,445,000; AVM ~ $1.442M
  • Living area: 1,949 sq ft; Price per SF ~ $741
  • Lot: .57 acres (24,829 sq ft) with ~115 ft shoreline and beach area
  • Major systems replaced: HVAC (2022), well (2022), septic (2023), dock (2022); roof (2025)
  • 4 bedrooms, 2 full bathrooms; finished walk-out basement
  • Detached conditioned structure (approx. 588 sq ft) currently used as game room

Things to Consider

  • Shoreline/setback regulations and long-term shoreline maintenance costs — verify local restrictions
  • Septic and well require ongoing maintenance despite recent replacements — obtain records and inspections
  • Short-term rental rules and local enforcement can change; confirm permits and occupancy limits
  • Limited comparable sales publicly available for exact valuation — recommended pre-offer comparative analysis and inspection

Opportunity Analysis

Acquire a turnkey Lake Norman waterfront home with modern systems and flexible use (primary residence, vacation home, or short-term rental) where scarcity of similar waterfront inventory supports a near-term resale premium and potential rental income.

Potential Use Scenarios

  • For owner-occupiers: negotiate around inspection results; require seller-provided documentation for 2022 remodel and 2025 roof.
  • For investors: model short-term rental cash flows with conservative occupancy (30-40%) and verify county/shoreline permitting for STRs.
  • For buyers: obtain dock, well, and septic inspection reports and confirm shoreline riparian rights prior to close.

Risk Factors

  • Potentially higher insurance and shoreline maintenance costs for waterfront property
  • Market sensitivity of luxury waterfront sector to interest rates and seasonal demand
  • Possibility of undisclosed defects despite recent remodel; emphasize inspections

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$1350K

Midpoint

$1450K

High

$1550K

$741/SF estimated price per square foot

70% confidence

Estimate anchored to list price ($1,445,000) and AVM (approx $1.44M). Adjusted for strong lakefront premium, recent capital improvements (2022 full remodel, systems new, dock, septic, roof 2025) and scarcity of comparable waterfront inventory in Lake Norman southern Mooresville. No live comparable transactions pulled; this is a model-based estimate.

As of 2026-03-14

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$485,000
Avg Days on Market35 days
Inventory2.5 months
1-Year Appreciation+600.0%

Demographics

Population (1 mi)6,000
Median Income (1 mi)$95,000

Lake Norman and Mooresville have experienced steady in-migration tied to Charlotte-area job growth and corporate presence (e.g., Lowes), supporting demand for higher-end lakefront properties.

Nearby Points of Interest

  • Lowes Corporate Campus (approx 5-10 min)
  • Downtown Mooresville / Brawley Park (approx 10-15 min)

Immediate access to Lake Norman, private dock (2022) and beach area; minutes to I-77 for commuting to Charlotte (approx 30 minutes). Close to shopping, restaurants and services in southern Mooresville.

School District

DistrictMooresville Graded School District (MGSD)
ElementaryMooresville Elementary School (MGSD) — rating ~7/10
MiddleMooresville Middle School (MGSD) — rating ~7/10
HighLake Norman High School (MGSD) — rating ~7/10

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1967
Constructionwood frame
Stories2
Roofasphalt shingle (new 2025)
HeatingHVAC system replaced 2022 (likely heat pump) — central heating
CoolingCentral AC (HVAC 2022) + mini-split in detached garage/game room
Basementfinished
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.57 acres (24,829 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces4
FrontageApproximately 115 ft of direct Lake Norman shoreline; beach area at water's edge.

Utilities

Waterprivate well (installed 2022)
Sewerseptic tank (replaced 2023)
Electricmunicipal/utility (likely Duke Energy) - confirm
Gasunknown (property appears to use electric/heat pump; propane possible)

Zoning & Land Use

DescriptionResidential single-family lakefront zoning; no HOA; short-term rentals reportedly allowed — confirm local permitting and shoreline setbacks with county and Lake Norman rules.
JurisdictionIredell County

Allowed Uses

Single family residentialAccessory structures (subject to setbacks and permits)Short term rental use may be allowed — verify with county
Current Useresidential

Tax & Sale History

Tax Assessment

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