Couple’s 31-room Lake Norman waterfront mansion for sale for $18.5 million
A couple are selling their 31-room Lake Norman mansion for $18.5 million, Premier Sotheby’s International Realty officials said Friday.
The 11,346-square-foot, Harry Schrader-designed waterfront estate is located on an eastern Lincoln County peninsula and is available fully furnished, according to its listing.
Built in 2020 by Kingswood Custom Homes, the mansion on Norman Estates Drive includes seven bedrooms, seven full bathrooms and a half-bathroom.
Public records show the home is owned by Florida philanthropist Donald Young and his wife, Kelly, through a limited liability corporation.
Young is CEO of Everon, a security firm with 5,000 employees across 100 offices and more than 300,000 customers, according to its LinkedIn profile. The Youngs have a private, charitable, family foundation in Celebration, Florida, and a home in Kissimmee, Florida.
Ben Bowen, Premier Sotheby’s global real estate advisor, listed the home.
Great neighbors, home features, owner says
“Only one reason would compel us to leave — family,” Donald Young told The Charlotte Observer in a phone interview Saturday morning.
The couple previously lived in Chicago, where they intend to return now that they just became grandparents and have other family there, he said.
Young said he also has the home in Florida because his company is based there, and he’s a big Disney fan. “At one point, there were 30 of us staying at a hotel” before the couple bought their home, he said, meaning visiting family members.
If not for family considerations, the Lake Norman estate would remain their primary residence, Donald Young said.
“Everything,” he said when asked what the couple most love about the home.
That includes their neighbors, he said. “They are just down-to-earth people,” he said, the last thing they expected them to be when the couple built their home. “Just wonderful people.”
They also love boating directly over to the Peninsula Yacht Club in Cornelius.
Among the many features of the home he loves are its “automation, security, comfort and convenience,” he said.
“We invested heavily to make the home operational,” including home automation, he said. “From your phone, you can shut the water off” and do most everything else.
Lakeside primary suite, high-ceiling family room
The Youngs’ Lake Norman mansion is located in the gated Norman Estates community, on the same peninsula as Lincoln County-run Beattys Ford Park.
The main level of the home includes a lakeside primary suite, open gathering spaces and a chef’s kitchen that connects to outdoor living areas, its listing shows. A fitness studio, bar and a high-ceiling family room lead to an outdoor kitchen, pool and spa.
The property has sunrise and sunset views across the lake, according to the listing.
The estate also has a theater, regulation pickleball court, bar, five-car garage and whole-home generator.
A private guest wing includes its own entrance, garage access, screened porch, bedroom and living area.
Outside, the estate has covered terraces, a screened porch and an infinity-edge pool and spa overlooking the lake. A private dock includes a boat lift, dual jet ski lifts and an upper-level sun deck.
Sad to leave Lake Norman
The couple loved hosting social gatherings and a big 4th of July bash, Donald Young said.
They broke the news to their neighbors two weeks ago, after discussing the move back to Chicago for about three months, he said.
“More than sad,” Donald Young said about putting the mansion on the market.
He said he hopes to find a buyer who will love the home and neighborhood as much as he and his wife have, he said.
This story was originally published May 9, 2026 at 9:48 AM.