Mooresville · Mooresville, NC
125 Melrose Lane
Mooresville, NC · 3,482 sqft
$1,400,000
Reduced from $1,500,000
- 3Beds
- 3.5Baths
- 3,482SqFt
- 2004Year
- 215 X 378 X 234 X 312Lot
- 59Days on market
About this home
Own a custom-built Lake Norman waterfront home on a private 1.26-acre wooded lot, with a rare opportunity to acquire adjacent waterfront acreage for a combined 1.95-acre estate featuring approximately 364 feet of shoreline. Tucked away at the end of a cul-de-sac, this one-owner property offers privacy, flexibility, and the opportunity to create a truly exceptional lakefront retreat.
The home features a warm and inviting main level with a fireplace that opens to the family room and kitchen, creating an ideal gathering space for family and friends. The primary suite is conveniently located on the main level and includes a walk-in tub, separate shower, and walk-in closet. Upstairs, a spacious bonus room provides flexibility for a home office, hobby room, or additional living area.
The daylight basement offers tremendous versatility with a second full kitchen, open family room with wood stove, two bedrooms, two full bathrooms, workshop, and abundant storage—ideal for extended family, guests, or multi-generational living. Oversized sinks have been thoughtfully installed in both kitchens, the laundry room, and workshop. A new architectural roof has recently been installed.
Outdoor living is equally impressive, with a screened porch, multiple decks, and a covered floating pier providing direct access to Lake Norman. Good water depth is indicated by the lake contour lines, making this an ideal setting for boating, fishing, and enjoying the lake lifestyle.
The adjacent waterfront lot is also available for purchase, creating the potential for a combined 1.95-acre waterfront estate with approximately 364 feet of shoreline. Existing deed restrictions would apply. This unique offering provides opportunities for expansion, additional construction, enhanced privacy, or creating a family compound.
Seller has priced this home competitively and is committed to a successful sale. Buyer incentives may be available, including assistance with closing costs and/or a mortgage rate buy-down with an acceptable offer.
For buyer awareness, the current driveway access crosses the seller's adjacent lot. The seller will consider providing a credit during negotiations to allow flexibility for future driveway modifications or improvements. The road serving the property is currently maintained by neighboring property owners and does not have a written road maintenance agreement.
Conveniently located just off River Highway, the property is expected to benefit from ongoing roadway improvements designed to enhance access to Mooresville and Interstate 77. Enjoy the privacy and freedom of lakefront living with NO HOA while remaining just minutes from shopping, dining, and everyday conveniences.
Schedule your private tour today and discover the possibilities this unique Lake Norman waterfront property has to offer.
Property details
- Beds
- 3
- Baths
- 3.5
- SqFt
- 3,482
- Lot
- 215 X 378 X 234 X 312
- Year built
- 2004
- Type
- Single Family
- Days on market
- 59
- Garage
- 2
- Heating
- Heat Pump, Propane, Wood Stove
- Cooling
- Ceiling Fan(s), Central Air, Multi Units
- Foundation
- Basement
- Flooring
- Carpet, Wood
- View
- Water
Features
- Open Floorplan
- Dock - Floating
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$10,303/ month
- Principal & interest
- $8,670
- Property tax (~1.05%)
- $1,225
- Homeowners insurance
- $408
- HOA dues
- —
Down payment
$70,000 down · $1,330,000 financed
Income to qualify (28% rule)
~$441,597 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.