For Sale $479,000
Rare Investor Opportunity – One of Only a Handful of Approved Rental Properties Built in 2022 This Troutman property has a unique advantage for investors: it is grandfathered as one of only a few homes in the community officially approved for rental use. Very few properties in this neighborhood carry this designation, making this a scarce, high-demand asset for anyone seeking a hassle-free, compliant rental opportunity. The home features a well-maintained layout, strong build quality, and a location for long-term tenants—close to Lake Norman, main commuter routes, dining, shopping, and local employers. Low maintenance requirements and community amenities add to the ease of ownership.
| List Price: | $479,000 |
| Status: | For Sale |
| Bedrooms: | 4 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1319 sqft |
| Parking: | Attached Garage |
| MLS Number: | CAR4394487 |
| Subdivision: | Falls Cove at Lake Norman |
| Bathrooms: | 4 |
| Year Built: | 2021 |
| Sewer Type: | Public Sewer |
| Elementary: | Troutman |
| Middle: | Troutman |
| High: | South Iredell |
| Date | Event | Price | $/SQFT |
| 06-27-2026 | Listed | $479,000 | $364 |
| 01-17-2026 | Under Contract | $447,999 | $340 |
| 12-02-2025 | Price Decrease | $447,999-0.44% | $340 |
| 11-04-2025 | Price Decrease | $450,000-3.23% | $342 |
| 08-24-2025 | Listed | $465,000 | $353 |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Troutman Elementary School | 2 miles | PK-05 | 5 |
| Shepherd Elementary School | 4 miles | PK-05 | 8 |
| Lakeshore Elementary School | 5 miles | PK-05 | 8 |
| Third Creek Elementary School | 5 miles | PK-05 | 2 |
| Success Charter School | 6 miles | KG-06 | 1 |
| Lake Norman Elementary School | 7 miles | PK-05 | 9 |
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 |
| 119 Port Bow Drive, Troutman NC | 0 mi | $479,000 | days | |
| 129 Slip Shot Lane, Troutman NC | 0.1 mi | $375,000 | days | |
| 115 Outrigger Landing, Troutman NC | 0.2 mi | $477,790 | days | |
| 190 Tackle Box Drive, Troutman NC | 0.2 mi | $465,000 | days | |
| 124 Tackle Box Drive, Troutman NC | 0.2 mi | $388,500 | days | |
| 183 Chaska Loop, Troutman NC | 0.3 mi | $1,059,900 | 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 |
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
| Property Taxes |
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| H.O.A. / Maintenance |
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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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 Beycome Brokerage Realty LLC
119 Port Bow Drive, Troutman NC is a 1319 ft2 on a 0.320 acres Appraisal lot. This is for $479,000. This has 4 bedrooms, 4 baths, and was built in 2021.
Based on information submitted to the MLS GRID as of 2026-06-27 10:30:21 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.
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