
$850,000 $240/sqft
120 Palos Verde Drive
Mooresville, NC 28117
4 bd · 3 ba · 3,543 sqft · 2007 · 7 d ago
Palos Verde Estates is a large-lot Mooresville subdivision where the typical home averages just over four bedrooms and 3.3 baths on about 0.69 acres.
Community overview based on MLS listing data for Palos Verde Estates, Mooresville
Palos Verde Estates is a large-lot Mooresville subdivision where the typical home averages just over four bedrooms and 3.3 baths on about 0.69 acres. The street mix includes finished homes, build sites, and a handful of high-end current offerings, so the neighborhood reads as established but still active at the upper end. That leaves the street with a wider price spread than its lot size alone suggests, from lot opportunities to fully renovated luxury homes.
Most of the action centers on Palos Verde Drive. Finished homes repeatedly feature main-level primary suites, granite counters, hardwood floors, fireplaces, finished basements, and bonus rooms, with garages and storage showing up often. Several homes also lean into decks, patios, porches, and backyard pools or pool-ready yards.
Brick and stone appear often, but the exterior mix varies from home to home rather than reading as a uniform street. Lot sizes cluster around 0.6 to 0.9 acres, and the flatter sites, wooded edges, and cul-de-sac positions create room around the houses. Select addresses add seasonal Lake Norman views or water views, which is where the pricing steps up.
The neighborhood is not anchored by shared amenities; its appeal comes from the homes, the lots, and the flexibility to renovate or build. The strongest properties pair updated kitchens, multiple living areas, and outdoor space that extends the main floor into the yard.
Palos Verde Estates sits in the Lake Norman area of Mooresville, close to I-77, shopping, dining, golf clubs, and medical centers. The school assignment is Lakeshore Elementary, Lakeshore Middle, and Lake Norman High.
Overall, Palos Verde Estates is a spacious custom-home pocket with a clear split between everyday finished residences and premium view or new-build opportunities.
Palmetto Park Realty Team · Mooresville
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23 recently sold in Palos Verde Estates, Mooresville
| Property | Sold | Sold Price | Days on Market | Size | Sold to Ask | Sold $/SF |
|---|---|---|---|---|---|---|
| | Aug 21 2026 | $1,701,304 | 792 | 3,767 sq ft | 131.3% | $452 |
| | Jun 9 2026 | $1,020,000 | 82 | 5,665 sq ft | 97.1% | $180 |
| | Aug 7 2024 | $860,000 | 83 | 5,033 sq ft | 98.3% | $171 |
| | Jul 29 2024 | $185,000 | 77 | — | 92.5% | — |
| | May 9 2023 | $115,000 | 120 | — | 91.6% | — |
| | Nov 21 2022 | $723,000 | 17 | 4,344 sq ft | 96.4% | $166 |
| | Nov 10 2021 | $620,000 | 151 | 3,650 sq ft | 100.0% | $170 |
| | Dec 31 2019 | $55,000 | 1348 | — | 91.8% | — |
| | Nov 14 2019 | $595,000 | 204 | 5,785 sq ft | 96.7% | $103 |
| | Oct 8 2019 | $555,000 | 144 | 4,595 sq ft | 97.5% | $121 |
| | Jul 8 2019 | $530,000 | 53 | 3,470 sq ft | 100.0% | $153 |
| | Jan 17 2019 | $510,000 | 37 | 4,253 sq ft | 95.3% | $120 |
| | Dec 28 2017 | $500,000 | 312 | 3,230 sq ft | 100.0% | $155 |
| | Apr 18 2017 | $377,000 | 352 | 3,403 sq ft | 97.9% | $111 |
| | Feb 24 2017 | $537,900 | 364 | 3,886 sq ft | 96.2% | $138 |
| | Aug 24 2016 | $470,000 | 183 | 3,083 sq ft | 99.8% | $152 |
| | Feb 16 2016 | $40,000 | 171 | — | 81.8% | — |
| | Jan 29 2015 | $30,000 | 24 | — | 85.7% | — |
| | Jun 27 2014 | $417,000 | 168 | 3,891 sq ft | 92.7% | $107 |
| | Apr 24 2014 | $362,500 | 476 | 3,683 sq ft | 96.7% | $98 |
| | Oct 29 2013 | $392,000 | 82 | 3,540 sq ft | 101.5% | $111 |
| | Aug 27 2013 | $451,000 | 113 | 3,802 sq ft | 100.4% | $119 |
| | Mar 1 2012 | $20,000 | 226 | — | 69.0% | — |
Closed sales from MLS history for Palos Verde Estates, Mooresville
Below trend-line threshold — city median shown for context
+2 outside price range.
The Palos Verde Estates real estate market shows buyer's market conditions. Homes typically sell within 151 days. With 1 active listing and 2 homes sold in the past year, buyers have more negotiating power and time to decide.