Property listing for 159 Water Oak Dr, Mooresville, NC 28117
For SaleSingle Family Home

$452,000

159 Water Oak Dr, Mooresville, NC 28117

Charleston-Style 4BR Home Steps from Lake Norman

4 Bed · 3.5 Bath · 2,004 Sq Ft

Upgraded kitchen, spa master bath, detached 2-car garage

4

Beds

3.5

Baths

2,004

Sq Ft

2003

Built

0.115 acres

Lot

2-car detached

Garage

About 159 Water Oak Dr

Set within Water Oak and less than a half-mile from Lake Norman, this Charleston-style residence pairs traditional curb appeal with thoughtful modern upgrades. A wide, welcoming front porch and classic lines introduce 2,004 square feet of carefully maintained living space. Inside, hardwood floors guide you through an open living area warmed by a masonry fireplace and detailed millwork that nods to the home's coastal-inspired architecture.

The kitchen is one of the house’s defining spaces: granite countertops, custom cabinetry, and a layout that supports everyday cooking and entertaining. Adjacent rooms give the main level flexibility — a formal dining area, a family room that flows from the kitchen, and a ground-floor guest bedroom or office. Practical systems include central air and forced-air gas heat; the roof is composition shingle. The home has been owner-occupied and kept in good condition, with the listing noting recent upgrades in key living spaces.

Upstairs, the primary suite reads like a private retreat. The spa-like master bath features dual shower heads and upscale finishes that elevate daily routines. Three additional bedrooms and multiple baths provide comfortable separation for families, overnight guests, or a home office. Built storage and closet space are generous for a home this size, and the detached two-car garage offers extra storage and driveway parking.

Outside, the lot is level and low-maintenance at roughly 0.115 acres with a 50-foot frontage on Water Oak Drive. Community amenities — clubhouse, outdoor pool, playground, and a pond — expand your living area beyond the yard, and the proximity to Lake Norman (0.5 miles) dramatically increases recreational options from boating to lakeside dining. Practical conveniences are nearby as well: Harris Teeter is 0.4 miles away, Lowe’s is 0.6 miles, and Mooresville Golf Course sits just over a mile from the front door.

This property represents a solid value in a balanced Mooresville market; comparable sales in Water Oak point to a range between $429,000 and $475,000. Buyers should verify HOA restrictions, and have the roof and HVAC systems professionally inspected as part of due diligence. Whether you’re seeking a comfortable primary residence, a family-friendly upgrade, or a close-in home near Lake Norman’s amenities, 159 Water Oak Drive offers a distinctive blend of style, upgrades, and location advantage.

Home Highlights

Move-in readyRecently renovated kitchen with granite and custom cabinetrySpa-like primary bath with dual shower headsHardwood floorsDetached 2-car garageCommunity pool, clubhouse, and playground0.5 mile to Lake NormanFireplace and two-story Charleston-style architecture

Property Features

Interior Features

  • 4 bedrooms, 3.5 bathrooms
  • Hardwood floors throughout main living areas
  • Upgraded kitchen with granite countertops
  • Custom cabinetry in kitchen
  • Spa-like primary bath with dual shower heads
  • Fireplace in family room
  • Central AC and forced-air gas heat
  • Two-story layout

Exterior & Lot

  • 0.115-acre level lot (approx. 5,009 sqft)
  • 50 ft frontage on Water Oak Dr
  • 2-car detached garage with additional driveway parking
  • Composition shingle roof
  • Front porch and modest yard — low-maintenance landscaping
  • Community pond nearby

Location & Neighborhood

  • Water Oak community — clubhouse, pool, playground
  • 0.5 miles to Lake Norman shoreline and recreation
  • 0.4 miles to Harris Teeter
  • 0.6 miles to Lowe’s Home Improvement
  • 1.2 miles to Mooresville Golf Course
  • 2.5 miles to Downtown Mooresville

Walkability & Recreation

  • Walkability Rating: 60/100 — Some Walkable Amenities
  • Community pool, playground and clubhouse within the neighborhood
  • Lake Norman recreational access 0.5 miles away
  • Mooresville Golf Course 1.2 miles
  • Nearby shopping and services within a short drive

Neighborhood & Location

Water Oak is a family-oriented neighborhood that blends convenience with leisure. Residents enjoy a clubhouse, outdoor pool, playground and pond within a short walk, while everyday errands are simple with Harris Teeter and Lowe’s nearby. Lake Norman’s shoreline is a quick half-mile for boating and weekend escapes, and Downtown Mooresville’s shops and dining are only a few minutes away. The community attracts buyers seeking a quiet residential feel with easy access to regional amenities and Charlotte-area commutes.

Market Insights

Mooresville’s resale market is currently balanced, leaning slightly in favor of sellers due to low inventory and consistent demand driven by proximity to Lake Norman and Charlotte. Area metrics show roughly 2.5 months of inventory and an average days-on-market near 80 days — not a frenzied market but active enough that well-priced homes receive attention. Median sale price in the corridor sits around $460,000 with modest annual appreciation (about 5% over the last year and roughly 25% over five years). For single-family homes in Water Oak, three recent comps sold within 0.5 miles at $429K–$475K; the sales-comparison approach yields an estimated value midpoint of $452,000 (~$225/sf).

Single-family homes in this neighborhood perform steadily thanks to community amenities and a draw for buyers who want Lake Norman access without the lakefront price. Inventory constraints and steady buyer interest make this a reasonable time for sellers to list; for purchasers, opportunities remain to secure value against a backdrop of moderate appreciation. Investors should note rental estimates near $2,045/month (gross yield ~5.4%), indicating reliable rental demand but not speculative upside. In short: measured competition, predictable appreciation, and low inventory create a marketplace where sound due diligence and accurate pricing win the day.

Nearby Schools

Lake Norman High School

High

7/10

Lakeshore Middle School

Middle

3/10

Lakeshore Elementary School

Elementary

6/10

Walkability & Recreation

60
Walkability
80
Recreation

Very good access to outdoor recreation: Lake Norman is 0.5 miles away for boating and waterfront activities, Mooresville Golf Course is 1.2 miles out, and neighborhood amenities include a pool, playground and pond for everyday outdoor time.

Investment Highlights

  • Upgraded kitchen with granite countertops and custom cabinetry
  • Proximity to Lake Norman (0.5 miles) offers recreational opportunities
  • Community amenities include clubhouse, pool, and playground
  • Significant appreciation since 2019 purchase
  • Detached 2-car garage with additional storage space

Key Findings

  • Assessed value $448,350 (land $66K, improvements $382,350) — annual taxes $4,674
  • Zoned CM (Corridor Mixed-Use) allowing residential and commercial uses
  • 4 comparable sales within 0.5 miles in last 6 months range $429K–$475K
  • Average days on market in Mooresville: 80 days (balanced market)

Things to Consider

  • Built in 2003 — roof and HVAC systems should be inspected
  • Middle school rated 3/10 — may impact family buyer interest
  • HOA restrictions may limit exterior modifications

Opportunity Analysis

Well-maintained Charleston-style home in a desirable community with recent upgrades and proximity to Lake Norman. Community amenities and steady appreciation suggest strong resale potential.

Potential Use Scenarios

  • Potential primary residence in a community with amenities
  • Proximity to Lake Norman enhances lifestyle appeal
  • Comparable rentals suggest estimated rent of $2,045/mo if used as investment property

Risk Factors

  • 2003 construction — potential maintenance costs for aging systems
  • Middle school rating may deter some family buyers
  • HOA restrictions may limit modification flexibility

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

AI Valuation Estimate

Low

$429K

Midpoint

$452K

High

$475K

$225/SF estimated price per square foot

82% confidence

Sales comparison approach using 3 comparable sales within 0.5 miles sold in last 6 months. Adjusted for lot size, condition, and bedroom count. Assessed value of $448,350 aligns closely with market estimates.

As of 2026-03-08

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$460,000
Avg Days on Market80 days
Inventory2.5 months
1-Year Appreciation+5.0%

Demographics

Population (1 mi)12,000
Median Income (1 mi)$75,000

Mooresville has experienced steady population growth over the past decade, driven by its proximity to Charlotte and Lake Norman. Walkability Rating estimate: 60/100.

Nearby Points of Interest

  • Lake Norman (0.5 mi)
  • Harris Teeter (0.4 mi)
  • Lowe's Home Improvement (0.6 mi)
  • Mooresville Golf Course (1.2 mi)
  • Downtown Mooresville (2.5 mi)

Proximity to Lake Norman offers recreational opportunities. Nearby shopping includes Harris Teeter and Lowe's. Mooresville Golf Course and downtown amenities are within a short drive.

School District

DistrictIredell-Statesville Schools
ElementaryLakeshore Elementary School (6/10)
MiddleLakeshore Middle School (3/10)
HighLake Norman High School (7/10)

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

Property Details

Building Details

Year Built2003
Constructionwood frame
Stories2
Roofcomposition shingle
Heatingforced air gas
Coolingcentral AC
Basementnone
FireplaceYes
Conditiongood

Lot & Site

Lot Size0.115 acres (5,009 SF)
Topographylevel
Parkingdetached_garage_and_driveway
Parking Spaces2
Frontage50 ft frontage on Water Oak Dr

Utilities

Watermunicipal
Sewermunicipal
ElectricDuke Energy
GasPiedmont Natural Gas

Zoning & Land Use

Zoning CodeCM
DescriptionCorridor Mixed-Use
JurisdictionTown of Mooresville

Allowed Uses

single familymulti familycommercial
Current Useresidential
Assessor UseSingle Family Residential

Tax & Sale History

Tax Assessment

Total Assessed$448,350
Land$66,000
Improvements$382,350
Annual Tax (2025)$4,674

Sale History

2019-02-28$260,000

$130/SF

Arm's length transaction

2015-05-04$254,000

$127/SF

Arm's length transaction

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