Jamie McMurray at Charlotte Motor Speedway during Coca-Cola 600 weekend. Photo: Mike Kalasnik via Wikimedia Commons, CC BY-SA 2.0
Jamie McMurray asked $12 million for his Lake Norman estate. Fourteen months and one price cut later, he took $9.2 million. The property at 440 Beech Tree Road in Mooresville, N.C., closed on Oct. 15 after 420 days on the market, according to the Corcoran HM Properties listing record.
The property covers 33.6 acres on the Brawley School Road peninsula of Lake Norman. When it was listed in August 2025, WSOC reported that Iredell County real estate records showed it held in a trust. Neither the listing record nor the broker’s statements identify the buyer.
How the price fell
The sequence, from the listing record and WSOC’s reporting on the sale:
- Aug. 20, 2025: listed at $12 million
- March 2026: cut to $10.995 million
- Late August 2026: under contract
- Oct. 15, 2026: closed at $9.2 million
The final price is 23% below the original ask and about 16% below the reduced one. Listing broker Josh Tucker told the Charlotte Business Journal in an email, as WSOC reported, that his team expected a long search because the property combined acreage with Lake Norman access, which he called “a rare find.” He also pointed to a challenging real estate market.
Two sizes for one house
The listing disagrees with itself on how big the house is. Its MLS fields put the home at 7,612 square feet. The description on the same page calls the residence “nearly 9,000 sq. ft.” WSOC reported about 8,800 square feet when the estate was listed, and Axios Charlotte said about 9,000. Nothing in the record explains the gap of roughly 1,400 square feet. The detached pool house, which has a game room and its own living space, is one candidate, but the listing doesn’t say how it was counted.
Depending on which figure you use, the buyer paid about $1,209 or about $1,022 per square foot. Per acre, it works out to about $274,000.
The rest of the spec, per the listing: five bedrooms, six full and two half baths, built in 2015 by Arcadia Homes to a design by Harry Schrader. There’s a four-car attached garage, a gated and wooded drive, an outdoor kitchen and fire pit, a pool with a turf surround, a private beach and a dock. The house sits on a crawl space and runs on a septic system, and the parcel is zoned RA, Iredell County’s residential agricultural district.
Acres versus shoreline
Tucker’s pitch was land plus water. Mooresville’s top sales suggest buyers pay mostly for the water. The town’s record, according to WSOC and the Charlotte Business Journal, is $10.75 million for The Point on South Longfellow Lane in August 2024: a house of more than 8,100 square feet on 1.17 acres that went under contract the same day it was listed at $11.5 million. McMurray’s place had nearly 29 times the land and sold for $1.55 million less, after almost 14 months.
Elsewhere in Mooresville, Martin Truex Jr. listed his Mooresville house for $7.5 million in May, with more than 14,000 square feet on about five acres. Similar money, with more house and about a seventh of the land.
The seller
McMurray won seven Cup Series races, including the 2010 Daytona 500, before Chip Ganassi Racing handed his No. 1 Chevrolet to Kurt Busch for 2019, according to NASCAR. McMurray ran one last Cup race, the 2019 Daytona 500, and moved into Fox Sports’ studio shows. WSOC identifies him as an analyst for Fox Sports and The CW.
The buyer’s name should appear on the deed filed with the Iredell County Register of Deeds, along with North Carolina’s excise stamps. At the state’s rate of $1 per $500 of price, those come to $18,400 on a $9.2 million sale.
Did McMurray cost himself money by holding out for 14 months, or was $12 million always too much to ask for acreage over shoreline?
Sources: Corcoran HM Properties listing record for 440 Beech Tree Road (Canopy MLS 4293759); WSOC-TV reports from Aug. 19, 2024, Aug. 31, 2025, and October 2026; Axios Charlotte, Aug. 21, 2025; NASCAR announcement, Dec. 12, 2018.
About the Author
