388 Ponderosa Circle

Mooresville, NC
$ 1,899,000 Beds 3 Baths 2.5 Sq 3,560
Monthly Estimate* How much can I afford?

Experience breathtaking sunsets and serene waterfront living in this beautifully renovated Lake Norman retreat, ideally situated just around the bend from the main channel. This exceptional property offers the rare advantage of no HOA and permits short-term rentals, making it perfect as a primary residence, vacation home, or investment opportunity. The home has been completely renovated and features a stunning chef’s kitchen equipped with premium Wolf appliances, along with a luxurious primary suite showcasing a spa-inspired bath. Two additional bedrooms, a full bath, and a half bath complete the main level. The finished basement serves as a fully functional second living quarters, offering a second kitchen with bar seating, a spacious living area, a bedroom, a full bath, and ample storage—ideal for guests, multi-generational living, or rental income potential. Enjoy effortless lake access with your own private floating dock and private boat ramp. Outdoor living is exceptional, featuring a screened porch, an upper-level deck, and underdecking that creates a covered walkout patio below—perfect for relaxing or entertaining year-round. An in-ground irrigation system adds convenience and ease of maintenance. Conveniently located near I-77 and just minutes from dining and shopping, this home offers luxury, flexibility, and the ultimate Lake Norman lifestyle.

Single Family

  • Price
  • $ 1,899,000
  • City
  • Mooresville
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • IREDELL
  • Half Bathrooms
  • 1
  • Area
  • Iredell County
  • Lot Size
  • 0.52 Acres
  • Zip
  • 28117
  • Sqr Footage
  • 3,560
  • Year Built
  • 1998
  • Style
  • MLS#
  • 4418212
Listed By: EXP Realty LLC Mooresville; jim@jimbramhall.com
Data Source: Canopy MLS

Features

General

Living Area 3560
Sewer Septic Installed
Heating Heat Pump
Cooling Ceiling Fan(s),Central Air
Appliances Dishwasher,Exhaust Hood,Gas Range
Development Status Completed
Garage Spaces 2
Patio/Porch Features Deck
Construction Materials Brick Full
Exclusions Jet ski lifts
Year Built 1998
View Year Round
Levels One
Property Subtype Single Family Residence
Parcel Number 4646-32-2835.000
Waterfront Features Boat Ramp,Dock
County Iredell
New Construction No
Property Type Residential
HOA No
Subdivision Name Lake Norman Bonanza
Garage Y/N Yes
Full Baths 2
High School Lake Norman
City Mooresville
Body of Water Lake Norman
Senior Community Y/N No
Lot Size Units Acres
Carport Y/N No
Elementary School Coddle Creek
Middle/Junior High School Brawley
Additional Parcels Y/N No
Standard Status Active
CAR_HOASubjectTo None
Construction Type Site Built
Tax Assessed Value 730210
Listing Terms Cash,Conventional

Interior Features

Interior Amenities Kitchen Island,Open Floorplan,Split Bedroom,Walk-In Closet(s)
Basement Basement Shop,Exterior Entry,Finished,Interior Entry,Storage Space,Walk-Out Access
Flooring Carpet,Tile,Vinyl,Wood
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1773
Half Baths 1
Laundry Features Inside,Laundry Room,Main Level
Total Bedrooms 3
Below Grade Finished Area 1787
Total Baths 3
SqFt Main 1773
SqFt Garage 447
Bedroom 3

Exterior Features

Exterior Amenities In-Ground Irrigation
Parking Features Driveway,Attached Garage,Garage Faces Side
Lot Features Views,Waterfront
Water Source Well
Lot Size Area 0.52
Foundation Details Basement
Road Surface Type Concrete,Paved
Road Responsibility Publicly Maintained Road
Main Level Garage YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Hickory, NC office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Coddle Creek Elementary School
Middle School Brawley Middle School
High School Lake Norman High School

Price History

8/26/2026 Listed $1,899,000

Property vs Zip Code Average in 28117

Price
AVG $1.56M
$1.9M
Year Built
AVG 2006
1998
Visits
AVG 300
48
Data Provided by Inside Real Estate®

388 Ponderosa Circle Mooresville, NC is a Single Family Home for sale at $1899000 with 3560 sqft and a lot size of 0.52 Acres Acre(s). 388 Ponderosa Circle Mooresville has 3 bedrooms, 2 baths and was built in 1998. The property's zip code is 28117 which is in Mooresville, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.