327 Grasshopper Cir, Mooresville, NC 28117
DETAILS
Type: Development/Land Deal — Existing Home to Be Demolished
Lot Size: 0.65 acres / 28,314 sq ft
Zoning: RR
Existing Structure: 3 bed/2 bath, 996 sq ft, built 1968 (teardown)
Utilities: City Water & City Sewer
Occupancy at Closing: Will be vacant at closing
Closing Date: 08/27/26
Closing Attorney: Atlas Orange
Asking Price: $975,000
Parcel ID 4627-61-5924.000, with annual taxes of $5,473; the existing 1968 home on-site is being sold strictly for its land value and will need to be torn down.
COMPARABLE SALES (Build-Out Potential — Lake Norman Waterfront)
301 Riverwood Rd, Mooresville, NC 28117 — Land purchased ~$1,000,000 → New construction (5,689 sq ft, 0.84 acres) sold $4,450,000, December 2025
4218 Sigmon Cove Ln #6, Terrell, NC 28682 — New construction (5,207 sq ft, 0.78 acres) sold $3,329,192, May 2026
231 Barber Loop, Mooresville, NC 28117 — 2023-built custom home (3,409 sq ft), “Best of the Lake” award winner, sold $3,950,000, May 2026
242 Shoreline Loop, Mooresville, NC 28117 — Land sold $827,000 (2024, 0.46 acres) → New construction (4,240 sq ft) sold $3,200,000, August 2025
Average Finished New-Construction Value: ~$3,732,298
Implied Land Value per Acre (based on Riverwood Rd & Shoreline Loop land sales): ~$1.19M–$1.8M/acre
Applied to Subject (0.65 acres): ~$971,000 land value — nearly identical to asking price
Our Price: $975,000
OVERVIEW
This 0.65-acre lot on Grasshopper Circle sits in a genuine Lake Norman waterfront pocket, backed by real, comparable land-to-build transformations nearby: a $827,000 lakefront lot at 242 Shoreline Loop was built out and sold for $3,200,000 within roughly a year, and 301 Riverwood Rd followed a similar path from a $1,000,000 land purchase to a $4,450,000 completed sale. Based on the implied per-acre land value from these two transactions, this 0.65-acre parcel prices out almost exactly at the $975,000 asking price. Mooresville — known as “Race City USA” and home to Lowe’s corporate headquarters — is currently a tight, 2.4-month-inventory market with the median home price up 3% year-over-year to $440,000, and continues to draw corporate relocations along the I-77 corridor. This is a straightforward land play: demo the existing 1968 structure and build new in one of the most sought-after waterfront corridors in the Charlotte region.
Source: Oasis Realty Group Mooresville Market Report 2026, Charlotte Real Estate Today — Mooresville
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.