178 Penicillin Point, Troutman NC
- 3 Bed
- 2 Bath
- 1281 ft2
- 0.7 ac
For Sale $1,000,000
Remarks:
Welcome to 178 Penicillin Point, where life slows down and lake memories are waiting to be made. Whether you're looking for a classic lake getaway to enjoy just as it is, a vacation rental opportunity, or the perfect waterfront lot to build your dream home, this property offers endless possibilities. Built in 1973, this waterfront home captures the feeling of simpler days on Lake Norman. Situated on a 0.66-acre lot with more than 200 feet of shoreline, NO HOA, and low Iredell County taxes, this is a rare opportunity to own a special piece of the lake. Inside, you'll find a spacious great room with vaulted wood ceilings, walls of windows overlooking the water, and an open layout designed for gathering with family and friends. The home's original character has been preserved, giving it the nostalgic charm of a classic lake cottage. Step outside and enjoy the gently sloping yard, covered 24' x 24' dock, sandy shoreline, and large deep-water cove with beautiful open water views. Spend the afternoon on the deck, swim or fish from the dock, head out for a day on the lake, or simply relax and watch the sunset. The finished lower level provides additional living space for guests, hobbies, or game nights after a day on the water. A new roof was installed in 2023, and the 28' x 18' boathouse provides plenty of additional storage. Opportunities to own waterfront property with this combination of location, views, and potential don't come along often. Conveniently located to I-77, Troutman, and Mooresville.
Exterior Features:
Dock - Floating
General Information:
| List Price: | $1,000,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1281 sqft |
| Parking: | Driveway |
| MLS Number: | CAR4405820 |
| Subdivision: | None |
| Bathrooms: | 2 |
| Lot Description: | Open Lot, Sloped, Views, Waterfront |
| Year Built: | 1973 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Troutman |
| Middle: | Troutman |
| High: | South Iredell |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 07-23-2026 | Listed | $1,000,000 | $781 |
| 01-07-2026 | Under Contract | $319,900 | $250 |
| 11-10-2025 | Price Decrease | $319,900-1.54% | $250 |
| 10-20-2025 | Listed | $324,900 | $254 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Lakeshore Elementary School | 3 miles | PK-05 | 8 |
| Sherrills Ford Elementary | 3 miles | KG-06 | 9 |
| Lake Norman Elementary School | 4 miles | PK-05 | 9 |
| Troutman Elementary School | 5 miles | PK-05 | 5 |
| Shepherd Elementary School | 6 miles | PK-05 | 8 |
| Langtree Charter Academy | 7 miles | KG-06 | 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.
Properties For Sale Nearby
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 |
| 178 Penicillin Point, Troutman NC | 0 mi | $1,000,000 | days | |
| 111 Theron Place, Troutman NC | 0.2 mi | $1,395,000 | days | |
| 113 Tinker Place, Troutman NC | 0.2 mi | $2,100,000 | days | |
| 124 Keven Drive, Troutman NC | 0.3 mi | $1,799,000 | days | |
| 127 Tinker Place, Troutman NC | 0.3 mi | $5,700,000 | days | |
| 183 April Road, Troutman NC | 0.4 mi | $2,000,000 | days |
Sold Properties Nearby
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 |
Commute Distance & Time
Powered by Google Maps
Mortgage Calculator
$
%
%
| 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 |
Demographic Data For Zip 28677
|
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.
Property Listing Information
A Courtesy Listing Provided By Howard Hanna Allen Tate Statesville
178 Penicillin Point, Troutman NC is a 1281 ft2 on a 0.660 acres lot. This is for $1,000,000. This has 3 bedrooms, 2 baths, and was built in 1973.
Based on information submitted to the MLS GRID as of 2026-07-23 23:45:10 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.
Share
