Single Family Residence at 388 Ponderosa Circle, Mooresville
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$1,859,000

388 Ponderosa Circle
Mooresville, NC 28117
Listed by Jim Bramhall · EXP Realty LLC Mooresville
Bedrooms
3
Bathrooms
2.5
Living area
3,560 sqft
Year built
1998

About this home

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.

Property details

MLS
Canopy MLS
MLS #
CAR4418212
Property type
Single Family Residence
Subdivision
Lake Norman Bonanza
Status
Active
Days on market
57
On market date
August 28, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
2
Parking spaces
N/A
Lot size
N/A
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Coddle Creek Elementary
4.3 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
683
Student:teacher ratio
15.5:1
District
Iredell-Statesville Schools
Middle
Oakwood School IB School
15.87 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
449
Student:teacher ratio
15.5:1
District
Iredell-Statesville Schools
High
Career Academy and Technical School
10.88 mi away · Grades 6-12
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
149
Student:teacher ratio
9.3:1
District
Iredell-Statesville Schools

Walkability

Blended score for Mooresville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

21
Car-dependent
out of 100
EPA National Walkability Index
6.0 / 20 -- Below average walkable
Google Places amenity density
8 / 100
Restaurants & cafes1
Grocery stores0
Parks0
Schools1
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Mooresville, from live MLS data.

On the market 57 days -- 54 fewer days than Mooresville's current average of 111 days.
For reference, the median list price across 755 active listings in Mooresville right now is $449,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$11,345/mo
$371,800 down
$1,487,200 loan
Principal & interest$9,646
Property tax (est.)$1,549
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 2 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.