USLakeFront Lake survey & intelligence

$370,000

5227 Marina Dr, Mooresville, NC 32815

Sample listing
4
Bedrooms
4
Bathrooms
3,500
Square feet
80 ft
Shoreline
$4,625
Per shoreline ft

Modern build with glass to the water on Lake Norman. Roughly 80 feet of owned shoreline on 3.48 acres, with 4 bedrooms across 3,500 square feet. Two-slip covered. Water clarity on Lake Norman averages around 8 feet and the lake is classified stable for water level. Dock and shoreline work fall under Duke Energy Lake Services. This is a sample listing used to demonstrate the platform.

Features

Vaulted ceilingsMetal roofCovered slipSandy beachDock power and water

Property facts

Property typeCondo Year built1959 Lot size3.48 acres DockTwo-slip covered Water depth at dock11 ft ExposureWest-facing ViewPanoramic Annual taxes$3,986 HOA$0/mo Short-term rentalPermitted Listed2026-08-05
$3,587
All-in monthly
$86,130
Cash to close
$14,105
Costs beyond the obvious

Up front

Down payment$74,000
Closing costs (est. 2.4%)$8,880
Septic inspection & pump$850
Water quality testing$400
Waterfront home inspection$800
Survey (shoreline frontage)$1,200
Total$86,130

Every year

Principal & interest$23,393
Property taxes$3,986
Hazard insurance$1,554
Flood insurance$2,400
Utilities$4,725
Maintenance reserve (1.1%)$4,070
Septic service$520
Well & water testing$260
Dock maintenance$900
Winterization / seasonal close$750
Shoreline / seawall reserve$480
Total$43,038
Adjust these assumptions →
$4,625
This home / shoreline ft
$1,139
Lake average
$106
Per square foot
Well above the lake average — this property prices at $4,625 per shoreline foot against a lake average near $1,139, a difference of 306%. Shoreline frontage is the metric that drives waterfront value, and it is almost never published.
Open the analyzer →
Modeled from the lake's estimated nightly rate and occupancy. Confirm local short-term rental rules before you rely on this.
Booked nights / year152 Gross revenue$99,199 Lodging tax−$10,912 Management−$17,658 Cleaning & supplies−$21,378 Net operating income$49,252 Against annual carry$6,213
Model your own →
6.9
Lake score
C
Water grade
4 ft
Drawdown
Level stabilityStable Typical clarity8 ft Dock authorityDuke Energy Lake Services
Full Lake Norman report →
Comparable

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