For Sale $1,699,900
**NEW PRICE — $1,699,900!** Experience the space, privacy, and craftsmanship of a custom luxury home just minutes from Lake Norman. Built in 2023 and beautifully positioned on **1.4 private acres in Falls Cove at Parkwood**, this modern farmhouse offers the feel of a private retreat while remaining convenient to everything the Lake Norman area has to offer. Designed with both everyday living and entertaining in mind, the 4-bedroom, 4.5-bath home welcomes you with soaring ceilings, abundant natural light, Hallmark oak flooring, three fireplaces, and an open, flowing floor plan filled with elevated finishes. The **showpiece kitchen** anchors the main living space with an impressive 48" Wolf gas cooktop, 1,200 CFM commercial hood, 48" built-in refrigerator, custom cabinetry, oversized quartzite and quartz surfaces, and generous space for gathering. Open to the dining and living areas and overlooking the backyard, it's a kitchen designed to be as functional as it is beautiful. The **main-level primary suite** feels like a private retreat, complete with a spa-inspired bath featuring heated floors and a four-valve Moen smart shower system. A dedicated main-level office adds flexibility for working from home, while thoughtful details throughout include 8' solid-core interior doors, recirculating hot water, premium fixtures, and commercial epoxy garage flooring. Outside, the covered patio and **wood-burning fireplace** extend the living space into the peaceful backyard, creating the perfect setting for morning coffee, game days, dinner outdoors, or evenings by the fire. With 1.4 acres, there is room to create an incredible outdoor oasis, and the **seller is offering a pool allowance**, allowing the next owner to design a pool that complements both the home and their lifestyle. Nearly new construction, custom craftsmanship, acreage and an exceptional level of finish come together in one remarkable property. Convenient to **Lake Norman State Park, I-77, shopping, dining and recreation**, 116 Silver Falls Drive delivers the privacy and presence of a custom estate with the accessibility today's buyers are looking for.
In-Ground Irrigation
| List Price: | $1,699,900 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 2728 sqft |
| Parking: | Driveway, Attached Garage, Garage Door Opener, Garage Faces Side, Keypad Entry |
| MLS Number: | CAR4385765 |
| Subdivision: | Falls Cove |
| Style: | Arts and Crafts, Farmhouse, Modern |
| Bathrooms: | 5 |
| Lot Description: | Corner Lot |
| Year Built: | 2023 |
| Sewer Type: | Septic Installed |
| Elementary: | Troutman |
| Middle: | Troutman |
| High: | South Iredell |
| Date | Event | Price | $/SQFT |
| 08-15-2026 | Price Decrease | $1,699,900-1.51% | $624 |
| 07-21-2026 | Listed | $1,725,900 | $633 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Troutman Elementary School | 3 miles | PK-05 | 5 |
| Lakeshore Elementary School | 4 miles | PK-05 | 8 |
| Sherrills Ford Elementary | 5 miles | KG-06 | 9 |
| Shepherd Elementary School | 5 miles | PK-05 | 8 |
| Lake Norman Elementary School | 6 miles | PK-05 | 9 |
| Third Creek Elementary School | 7 miles | PK-05 | 2 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 116 Silver Falls Drive, Troutman NC | 0 mi | $1,699,900 | days | |
| 170 Silver Falls Drive, Troutman NC | 0.2 mi | $899,000 | days | |
| 154 Emerald Creek Drive, Troutman NC | 0.3 mi | $1,950,000 | days | |
| 214 Lockhard Circle, Troutman NC | 0.3 mi | $499,999 | days | |
| 581 Hicks Creek Road, Troutman NC | 0.5 mi | $485,000 | days | |
| 544 Hicks Creek Road, Troutman NC | 0.5 mi | $799,000 | days |
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Powered by Google Maps
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
$
|
| H.O.A. / Maintenance |
$
|
| Property Insurance |
$
|
| Total Monthly Payment | $20,941 |
|
Occupancy Types |
|
Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
A Courtesy Listing Provided By RE/MAX A-Team
116 Silver Falls Drive, Troutman NC is a 2728 ft2 on a 1.400 acres lot. This is for $1,699,900. This has 4 bedrooms, 5 baths, and was built in 2023.
Based on information submitted to the MLS GRID as of 2026-07-21 16:06:26 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
Click here for more information
Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.