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  • $975,000

    178 Penicillin Point, Troutman, NC 28166

    3beds
    2,158sqft
    Single Family Residence
    Built in 1973
    0.66 Acres Lot
    $974,900 Zestimate®
    $452/sqft
    $2,323 Estimated rent

    Home value

    $974,900

    $926,000 - $1.02M

    $2,323/mo

    Zestimate® history
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    What's special

    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 ONLY 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marin Tomlin 704-881-4202,

    Howard Hanna Allen Tate Statesville

    Bought with:

    Jennifer King

    Lake Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4405820MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bedrooms: 2
    Primary bedroom
    • Level: Main
    Bedroom s
    • Level: Main
    Bedroom s
    • Level: Lower
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Lower
    Dining area
    • Level: Main
    Family room
    • Level: Lower
    Kitchen
    • Level: Main
    Laundry
    • Level: Lower
    Living room
    • Level: Main
    Heating
    • Heat Pump
    Cooling
    • Ceiling Fan(s), Heat Pump
    Appliances
    • Included: Dishwasher, Oven, Refrigerator
    • Laundry: In Basement, In Hall
    Features
    • Flooring: Vinyl
    • Basement: Daylight,Walk-Out Access,Walk-Up Access
    Interior area
    • Total structure area: 1,281
    • Total interior livable area: 2,158 sqft
    • Finished area above ground: 1,281
    • Finished area below ground: 877

    Property

    Parking
    • Total spaces: 6
    • Parking features: Driveway
    • Uncovered spaces: 6
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered, Deck
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Covered structure, Dock, Waterfront
    • Body of water: Lake Norman
    Lot
    • Size: 0.66 Acres
    • Dimensions: 226' WF x 156' x 102' RF x 261'
    • Features: Open Lot, Sloped, Views
    Details
    • Additional structures: Boat House, Other
    • Parcel number: 4629610367.000
    • Zoning: R20
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood
    Condition
    • New construction: No
    • Year built: 1973

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Well

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Troutman

    Financial & listing details

    • Price per square foot: $452/sqft
    • Tax assessed value: $630,770
    • Annual tax amount: $3,845
    • Date on market: 7/23/2026
    • Cumulative days on market: 43 days
    • Listing terms: Cash,Conventional
    • Road surface type: Dirt, Gravel, Paved

    Price history

    DateEventPrice
    10/22/2026Sold$975,000$452/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405820 Report a problem
    8/20/2026Price change$975,000-2.5%$452/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405820 Report a problem
    7/23/2026Listed for sale$1,000,000+300%$463/sqft
    Source: Canopy MLS as distributed by MLS GRID #4405820 Report a problem
    12/16/2019Sold$250,000$116/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,845 $630,770
    2024$3,845 $630,770
    2023$3,845 +38.9%$630,770 +48.4%
    2022$2,769 +1.7%$424,910
    2021$2,722 $424,910
    2020$2,722 +4.1%$424,910
    2019$2,616 +3%$424,910 +2%
    2018$2,540 $416,440
    2017$2,540 $416,440
    2016$2,540 $416,440
    2015$2,540 +7.8%$416,440 -0.6%
    2014$2,357 $419,000
    2013-- $419,000
    2012-- $419,000
    2011-- $419,000 +12.7%
    2010-- $371,880
    2009-- $371,880
    2008-- $371,880
    2007-- $371,880 +16.4%
    2006-- $319,540
    2005-- $319,540
    2004-- $319,540
    2003-- $319,540 +51.2%
    2002-- $211,370
    2001-- $211,370
    2000-- $211,370
    Find assessor info on the county website

    Neighborhood: 28166

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value

    $974,900

    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value

    $974,900