698 Normandy Road

A Unique Lake Norman Waterfront Property available For Sale in Mooresville

Property Highlights:

3 Bedroom, 3 Bathroom Main House
1 Bedroom, 1 Bathroom Guest House
Large .98 Acre Waterfront Lot
Grandfathered Boat Ramp On Property
Spacious Two-Slip Boat House & Fully-Approved Dock
Four-Car Detached Garage + 2-Car Attached Garage
Guest House Above Detached Garage with GREAT Airbnb History
Two Driveways - (One to Detached Garage & Guest House, One to Attached Garage & Boat Ramp)
Multiple Decks & Patios with Lake Views (Some Screened-In)
Large, Mature Trees Throughout Lot

698 Normandy Road is a unique waterfront property on Lake Norman. Offering outstanding lake views, it is a wonderful place that lake lovers will never want to leave. Relax on one of the oversize screened-in porches and take in the excellent views of the lake, or head down to the dock to fish or swim. Your boats will be waiting for you in the spacious two-slip boat house. There is nothing like living at the lake!

But this property offers even more -- a separate guest house! The guest house sits on top of the four-car detached garage, and is a generous 919 square feet, plus it has its own 387 square foot screened-in deck overlooking the lake! The guest house has been freshly painted, and has a brand new roof. It could be used as an in-law suite, or rent it out! The guest house has a great rental history on VRBO and Airbnb. Live in the main house, and rent out the guest house to generate substantial income!

The main house has three bedrooms and three full bathrooms. It is about 2,700 square feet, with a finished basement and a two-car attached garage. There is a raised deck with great views of the lake, and a concrete patio outside the basement bedroom and living area.

Make no mistake: The main house is in need of some updates.

The main house was built in 1990, and has not received many updates since then. It is ready for your personal touches to bring it into modern times. All three bathrooms are fully-functional, but ready for updates. The kitchen has a functional layout with newer appliances, but the flooring and cabinets are dated. The entire upstairs of the main house would benefit from new paint and flooring. The basement living area has drywall installed, but it needs to be finish-sanded and painted in order to be complete. The wood stove has not been used in years, and should be inspected by a qualified technician before use. The windows throughout the main house are dated, but functional. The roof on the main house is nearing the time for replacement. The doorway to the rear deck is also ready for replacement.

The guest house was recently painted inside, has a brand new roof, and is in overall good condition. It is currently configured as a one-bedroom, but the bedroom is large and it could easily be converted to two bedrooms. The guest house has a great short-term rental history, and would be immediately ready to provide income (or you could live in it while refurbishing the main house!).

With the proper updates, this property would be a beautiful waterfront showplace that anyone would be proud to own. Come take a look and see if this is the property for you!

The price for this unique property is $1,480,000. The owners are offering a $20,000 renovation allowance with a full-price offer.

Guest House Pictures: