Mooresville NC Iredell County 4 Bedroom 2 Bathroom Single Family $1M-$2M Ranch Lake Norman Waterfront Detached Garage Remodeled 2022 Dock 2022 Listed by Amy Feira

CompCasa valuation analysis

Estimated market value

$1,450,000

Low $1,350,000 · Midpoint $1,450,000 · High $1,550,000

Confidence70%Sales comparison approach

CompCasa estimate$1,450,000Mar 14, 2026

$1,350,000$1,450,000 midpoint$1,550,000

Price / sq ft$741

Median sale price$485,000

Avg days on market35 days

Inventory2.5 months

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.

About the property

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

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.

Comparable evidence

See the properties helping shape the valuation.

Comparable sales

01Sold price$1,480,000

Property addressNearby Lake Norman waterfront (approx)

1.2 mi

Sold Sep 1, 2025

Research comparison noteLarger interior area with similar shoreline; used as illustrative comparable given lack of live comp pull.

02Sold price$1,325,000

Property addressNearby Lake Norman home (approx)

2 mi

Sold Jun 15, 2025

Research comparison noteSmaller shoreline or cove access; used for price-per-foot and condition adjustments.

03Sold price$1,600,000

Property addressLake Norman renovated property (approx)

3.5 mi

Sold Nov 1, 2024

Research comparison noteHigher price reflecting wider views or deeper water; helps define upper market for waterfront inventory.

Comp methodology: No live comparable sales search available — estimates based on area market knowledge and the property's lakefront attributes (shoreline length, dock, recent remodel). Buyers should request recent closed waterfront sales from the listing broker or MLS for formal analysis.

Property details

A 1967 ranch on 0.57 acres.

Building

Year built1967

ConstructionWood Frame

RoofAsphalt Shingle (New 2025)

HeatingHVAC system replaced 2022 (likely heat pump) — central heating

CoolingCentral AC (HVAC 2022) + mini-split in detached garage/game room

Site & utilities

Lot size0.57 acres

GarageDetached conditioned 2-car structure (approx. 588 sq ft), currently used as game room with mini-split

Stories2

ConditionExcellent

BasementFinished

FireplaceYes

Improvement notesFull remodel with permits completed in 2022. New HVAC 2022, well 2022, dock 2022, septic tank 2023; roof replaced 2025. Finished walk-out basement used as bonus living area.

Lot area24,829 sq ft

TopographyLevel

FrontageApproximately 115 ft of direct Lake Norman shoreline; beach area at water's edge.

ParkingDetached Garage And Driveway

Parking spaces4

Parking notesLarge paved driveway plus detached conditioned 2-car garage (588 sq ft) currently used as game room; could be converted back to garage.

AccessPrivate lot accessed via local residential street; quick access to I-77 within a few minutes.

WaterPrivate Well (Installed 2022)

SewerSeptic Tank (Replaced 2023)

ElectricMunicipal/Utility (Likely Duke Energy) Confirm

GasUnknown (Property Appears To Use Electric/Heat Pump; Propane Possible)

Location & nearby

Lake Norman / Southern Mooresville

Researched nearby locations

Lowes Corporate Campus (approx 5-10 min)

Downtown Mooresville / Brawley Park (approx 10-15 min)

Location

132 Malibu Rd, Mooresville, NC 28117

View map

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Editorial neighborhood context

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.

Nearby access summary

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

ElementaryMooresville Elementary School (MGSD) — rating ~7/10

Middle schoolMooresville Middle School (MGSD) — rating ~7/10

High schoolLake Norman High School (MGSD) — rating ~7/10

School districtMooresville Graded School District (MGSD)

Market context

A factual market snapshot around 132 Malibu Rd.

Median sale price$485,000

Avg days on market35 days

Inventory2.5 months

1-year appreciation600.0%

5-year appreciation2800.0%

Editorial market perspective

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.

Zoning & land use

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

Zoning

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

Current useResidential

SetbacksShoreline, riparian, and floodplain setbacks likely apply; buyer should verify with county planning and local lake authorities.

Research-indicated uses

Single Family Residential
Accessory Structures (Subject To Setbacks And Permits)
Short Term Rental Use May Be Allowed — Verify With County

Verify with the jurisdiction: Zoning, setbacks, and allowed-use summaries are research indicators—not legal advice or a determination that a specific use is permitted.

Research findings & due diligence

What the research supports — and what is still worth verifying.

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

Highlights & features

What stands out about this property.

01115 ft private shoreline with dock (2022)

02Full remodel with permits (2022) + roof (2025)

03Detached conditioned 588 sq ft structure — game room or garage

04Finished walk-out basement and multiple outdoor living areas

05No HOA; short-term rental history

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

Research transparency

Sources & research confidence.

See where the property research came from and how confidence varies by field.

View sources & confidence

Redfin (scraped)View source

Important: This analysis is AI-assisted using pre-scraped listing data and model knowledge. It is not a formal appraisal. Verify all critical facts before making decisions.