Charming Cape Cod on almost an acre in a beautiful Lake Norman lake community. Mature landscaping, large shade trees and an established setting provide great curb appeal, while the spacious lot offers plenty of room to enjoy the outdoors and plenty of privacy. Waterfront properties are just a couple of homes down the street, putting you close to the lake without the waterfront price tag.
Inside, the home is bright and comfortable with a functional floor plan. The main level features a spacious great room that opens to the kitchen, a convenient primary suite and a large laundry room. The primary bath includes a soaking tub, separate shower and water closet.
Upstairs are two spacious secondary bedrooms with generous closet space, along with two additional flex rooms that could be used as a guestroom, bonus, office, playroom, exercise room, or hobby space.
The outdoor space is a real highlight of the property. A large back deck and covered screened-in area overlook the mature, private backyard and provide plenty of room for relaxing or entertaining. The attached above-ground pool is perfect for enjoying the warmer months. A customized detached garage adds over 800 sq ft of additional space and versatility. Built by the current owner as a dedicated space for working on a race car, the garage features multiple 220V outlets for shop equipment such as air compressors, welders and other tools. It could also be used as a workshop, hobby space or additional storage.
With nearly an acre of mature landscaping and no development planned behind the property, the backyard offers a level of privacy that is hard to find. There is plenty of room for gardening, outdoor activities or simply enjoying the peaceful surroundings. Seasonal lake views are an added bonus.
Located just minutes from Lake Norman State Park and the boat launch, this home offers the space and privacy of a large lot while still being close to the lake and area amenities. A great opportunity to enjoy a peaceful setting.
Active
Price cut: $20K (9/14)
$529,900
117 Penicillin Point, Troutman, NC 28166
3beds
2,248sqft
Modular
Built in 1997
0.97 Acres Lot
$515,700 Zestimate®
$236/sqft
$-- HOA
What's special
Attached above-ground poolGreat curb appealSeasonal lake viewsCustomized detached garagePlenty of privacySeparate showerLarge shade trees
- 12 days
- 748
- 61
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
David Hodson david@propertiesofthecarolinas.com,
Properties of the Carolinas,
Jenny Fowles,
Properties of the Carolinas
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4418260
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Primary bedroom
- Level: Main
Bedroom s
- Level: Upper
Bedroom s
- Level: Upper
Bathroom full
- Level: Main
Bathroom full
- Level: Upper
Bathroom half
- Level: Main
Bonus room
- Level: Upper
Flex space
- Level: Upper
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Cooktop, Microwave, Refrigerator
- Laundry: Main Level
Features
- Flooring: Carpet, Laminate, Vinyl
- Has basement: No
Interior area
- Total structure area: 2,248
- Total interior livable area: 2,248 sqft
- Finished area above ground: 2,248
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached Garage, Detached Garage, Garage on Main Level
- Attached garage spaces: 3
- Details: 2 car attached; 1 car detached.
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Screened
- Pool features: Above Ground
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Body of water: Lake Norman
Lot
- Size: 0.97 Acres
- Features: Wooded
Details
- Parcel number: 4629712914.000
- Zoning: R20
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Modular
Materials
- Vinyl
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: Crescent Land and Timber
Location
- Region: Troutman
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $444,160
- Annual tax amount: $2,725
- Date on market: 9/4/2026
- Cumulative days on market: 12 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Concrete, Paved
Estimated market value
$515,700
$490,000 - $541,000
$2,402/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Price change | $529,900-3.6%$236/sqft |
Source: | ||
| 9/4/2026 | Listed for sale | $549,900+37.5%$245/sqft |
Source: | ||
| 8/30/2021 | Sold | $400,000$178/sqft |
Source: | ||
| 7/19/2021 | Pending sale | $400,000$178/sqft |
Source: | ||
| 7/15/2021 | Listed for sale | $400,000$178/sqft |
Source: | ||
| 6/28/2021 | Contingent | $400,000$178/sqft |
Source: | ||
| 6/26/2021 | Listed for sale | $400,000$178/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,725 | $444,160 |
| 2024 | $2,725 | $444,160 |
| 2023 | $2,725 +68.5% | $444,160 +81.9% |
| 2022 | $1,617 +9% | $244,190 +7.4% |
| 2021 | $1,483 | $227,390 |
| 2020 | $1,483 +4% | $227,390 |
| 2019 | $1,426 +21.5% | $227,390 +21.1% |
| 2018 | $1,174 | $187,780 |
| 2017 | $1,174 | $187,780 |
| 2016 | $1,174 | $187,780 |
| 2015 | $1,174 +4.5% | $187,780 -3.7% |
| 2014 | $1,124 | $194,900 +14.7% |
| 2013 | -- | $169,900 |
| 2012 | -- | $169,900 |
| 2011 | -- | $169,900 -7.6% |
| 2010 | -- | $183,970 |
| 2009 | -- | $183,970 |
| 2008 | -- | $183,970 |
| 2007 | -- | $183,970 +8.6% |
| 2006 | -- | $169,420 |
| 2005 | -- | $169,420 |
| 2004 | -- | $169,420 |
| 2003 | -- | $169,420 +10.1% |
| 2002 | -- | $153,810 |
| 2001 | -- | $153,810 |
| 2000 | -- | $153,810 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 28166
Nearby schools
Schools provided by the listing agent
- Elementary: Troutman
- Middle: Troutman
- High: South Iredell
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






