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  • $1,850,000

    219 Penicillin Point, Troutman, NC 28166

    2beds
    4,154sqft
    Single Family Residence
    Built in 1967
    0.46 Acres Lot
    $1,850,100 Zestimate®
    $445/sqft
    $2,708 Estimated rent

    Home value

    $1,850,100

    $1.76M - $1.94M

    $2,708/mo

    Zestimate® history
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    What's special

    Brand-new dockUpdated waterfront homeBeautifully renovated interiorLake viewsFive spacious sleeping areasFreshly painted exteriorMultiple lakeside decks
    Wake up every morning to lake views and end every evenings around the firepit. Perfectly positioned on the shores of Lake Norman, this updated waterfront home offers the rare combination of luxury, comfort, and proven investment potential. Currently operating as a successful vacation rental (over 180K per year), this property has been thoughtfully updated inside and out, making it equally suited as a full-time residence, weekend retreat, or income-producing investment. This home also comes fully furnished to continue as an investment or vacation home. Recent improvements include a beautifully renovated interior, freshly painted exterior, a brand-new dock, and an expansive screened porch designed for year-round enjoyment. With five spacious sleeping areas, every guest wakes up to breathtaking water views. Whether you're hosting large family gatherings or maximizing rental income, the layout was designed to bring everyone together while still providing plenty of privacy. One of the home's most unforgettable features is the incredible crow's nest, where panoramic 365-degree views stretch across Lake Norman and the surrounding landscape. It's an inspiring space for a home office, fitness room, art studio, reading retreat, or simply a quiet place to enjoy your morning coffee above the treetops. Designed for effortless indoor-outdoor living, the home offers multiple lakeside decks, an oversized screened porch with soaring wood ceilings, generous outdoor entertaining areas, and an inviting firepit just steps from the water. Spend your days boating, paddleboarding, swimming, or simply relaxing while taking in some of the best waterfront scenery Lake Norman has to offer. Homes has 4 BRS but septic permit has 2.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenifer Meeks jenifer@jmeeksandco.com,

    J Meeks + Co

    Bought with:

    Mike Carpino

    Lake & Town Realty

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4404906MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 4
    • Full bathrooms: 4
    Primary bedroom
    • Level: Upper
    Bedroom s
    • Level: Basement
    Bedroom s
    • Level: Basement
    Bathroom full
    • Level: Main
    Bathroom full
    • Level: Upper
    Bathroom full
    • Level: Basement
    Bathroom full
    • Level: Main
    Bar entertainment
    • Level: Basement
    Other
    • Level: Main
    Other
    • Level: Main
    Bonus room
    • Level: Third
    Bonus room
    • Level: Basement
    Breakfast
    • Level: Main
    Dining room
    • Level: Main
    Great room
    • Level: Main
    Laundry
    • Level: Main
    Media room
    • Level: Basement
    Other
    • Level: Main
    Other
    • Level: Upper
    Workshop
    • Level: Basement
    Heating
    • Forced Air, Heat Pump, Natural Gas
    Cooling
    • Ceiling Fan(s), Central Air, Heat Pump
    Appliances
    • Included: Bar Fridge, Dishwasher, Gas Cooktop, Gas Water Heater, Wine Refrigerator
    • Laundry: Main Level
    Features
    • Breakfast Bar, Drop Zone, Elevator, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s), Wet Bar
    • Flooring: Carpet, Tile, Wood
    • Basement: Finished,Walk-Out Access
    • Fireplace features: Great Room, Porch
    Interior area
    • Total structure area: 2,664
    • Total interior livable area: 4,154 sqft
    • Finished area above ground: 2,814
    • Finished area below ground: 1,340

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached Garage, Garage Door Opener, Keypad Entry, Garage on Main Level
    • Attached garage spaces: 2
    Features
    • Levels: Two and a Half
    • Stories: 2.5
    • Patio & porch: Deck, Patio, Rear Porch, Screened, Side Porch
    • Exterior features: Elevator, Fire Pit, In-Ground Irrigation
    • Has spa: Yes
    • Spa features: Heated
    • Has view: Yes
    • View description: Long Range, Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Covered structure, Dock, Pier, Waterfront
    • Body of water: Lake Norman
    Lot
    • Size: 0.46 Acres
    • Features: Cul-De-Sac
    Details
    • Parcel number: 4629506596.000
    • Zoning: R20
    • Special conditions: Subject to Lease
    • Other equipment: Generator, Surround Sound

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Brick Partial
    Condition
    • New construction: No
    • Year built: 1967

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Well
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Security System
    • Subdivision: Lakeview Acres
    Location
    • Region: Troutman

    Financial & listing details

    • Price per square foot: $445/sqft
    • Tax assessed value: $1,221,470
    • Annual tax amount: $7,389
    • Date on market: 8/8/2026
    • Cumulative days on market: 37 days
    • Exclusions: Boat Lift does not convey
    • Road surface type: Concrete, Paved

    Price history

    DateEventPrice
    10/13/2026Sold$1,850,000-4.4%$445/sqft
    Source: Canopy MLS as distributed by MLS GRID #4404906 Report a problem
    9/14/2026Pending sale$1,935,000$466/sqft
    Source: Canopy MLS as distributed by MLS GRID #4404906 Report a problem
    8/8/2026Listed for sale$1,935,000+88.8%$466/sqft
    Source: Canopy MLS as distributed by MLS GRID #4404906 Report a problem
    10/6/2020Sold$1,025,000+3.5%$247/sqft
    Source: Canopy MLS as distributed by MLS GRID #3655164 Report a problem
    9/5/2020Pending sale$990,000$238/sqft
    Source: Allen Hughes Realty, Inc #3655164 Report a problem
    9/1/2020Listed for sale$990,000+46.4%$238/sqft
    Source: Allen Hughes Realty, Inc #3655164 Report a problem
    4/24/2013Sold$676,000$163/sqft
    Source: Canopy MLS as distributed by MLS GRID #2127853 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,389 $1,221,470
    2024$7,389 $1,221,470
    2023$7,389 +43.1%$1,221,470 +52.6%
    2022$5,164 +1.7%$800,700
    2021$5,080 +11.8%$800,700 +12%
    2020$4,544 +4.1%$715,180
    2019$4,365 +10.1%$715,180 +9.3%
    2018$3,963 $654,540
    2017$3,963 $654,540
    2016$3,963 $654,540
    2015$3,963 +27.2%$654,540 +17.5%
    2014$3,115 $556,920
    2013-- $556,920
    2012-- $556,920
    2011-- $556,920 +11.3%
    2010-- $500,520
    2009-- $500,520
    2008-- $500,520
    2007-- $500,520 +15.8%
    2006-- $432,240
    2005-- $432,240
    2004-- $432,240
    2003-- $432,240 +45.9%
    2002-- $296,310
    2001-- $296,310 +40%
    2000-- $211,650
    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

    $1,850,100

    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

    $1,850,100