123.5 Acres Purchased For Sprawling New Development Near Lake Norman


M/I Homes is expanding its Charlotte-area portfolio with a new community near Lake Norman – Cambrey Pointe.

According to Iredell Free Press, “The development will feature 201 single-family homes and 112 townhomes on a 123.5-acre site, which M/I Homes acquired for $12.9 million”.

Home sales in the new community are set to begin in early 2026. The single-family homes will offer four to six bedrooms, with sizes ranging from 2,300 to 3,900 square feet. The townhomes will feature up to four bedrooms, ranging from 1,963 to 2,336 square feet. Amenities include a pool, playground, and parks.

The community is strategically located near Selma Berke Middle School and offers a variety of home designs. Single-family homes will have open-concept layouts, two stories, and garages, while the townhomes will include options for three stories and up to 3½ baths. M/I Homes has been rapidly expanding in the Charlotte region, with other projects recently launched in Huntersville, Wingate, Gastonia, York, and Kannapolis. The builder’s latest projects, including Spring Grove and Whitaker Pointe, have also begun sales, with homes starting at over $530,000.

M/I Homes continues to make significant investments across the region, with this new Mooresville community adding to its growing presence.

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