For Sale $485,000
RARE CORPORATE RENTAL & INVESTMENT OPPORTUNITY | FALLS COVE 119 Port Bow Drive is a rare opportunity to acquire one of a limited number of rental-approved homes in Falls Cove, with an established three-year history of renters. This property is ideally suited for corporate housing, executive rental, or long-term investment use in the Lake Norman Market. Its proven rental history provides investors with actual operating experience rather than simply projected rental potential. Recent improvements include new carpeting, fresh interior paint, irrigation, landscaping, fencing, exterior lighting, updated blinds, and a newer refrigerator, reducing near-term capital requirements. Conveniently located near Lake Norman, Charlotte, Mooresville, major employment centers, shopping, dining, and transportation. Limited rental inventory, established rental history, corporate-housing potential, and recent improvements make this a compelling residential investment asset. Offered at $485,000
| List Price: | $485,000 |
| 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 |
| 08-18-2026 | Price Increase | $485,000+4.32% | $368 |
| 08-13-2026 | Price Decrease | $464,900-0.87% | $353 |
| 07-12-2026 | Price Decrease | $469,000-2.09% | $356 |
| 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 | $485,000 | days | |
| 149 Rooster Tail Lane, Troutman NC | 0.1 mi | $450,000 | days | |
| 129 Slip Shot Lane, Troutman NC | 0.1 mi | $375,000 | days | |
| 115 Outrigger Lane, Troutman NC | 0.2 mi | $477,790 | days | |
| 190 Tackle Box Drive, Troutman NC | 0.2 mi | $465,000 | days | |
| 192 Tackle Box Drive, Troutman NC | 0.2 mi | $450,000 | 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 |
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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)
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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 $485,000. 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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