Properties

Property Description

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.

Features
Heating System:
Heat Pump
Cooling System:
Ceiling Fan(s), Heat Pump
Basement:
Daylight, Walk-Out Access, Walk-Up Access
Patio:
Covered, Deck
Parking:
Driveway
Exterior Features:
Dock - Floating
Flooring:
Vinyl
Laundry Features:
In Basement, In Hall
Sewer:
Septic Installed
Waterfront Features:
Dock, Covered structure, Boat House
Appliances
Appliances:
Refrigerator, Dishwasher, Oven
Address Map
Country:
US
State:
NC
County:
Iredell
City:
Troutman
Street:
None
Zipcode:
28677
Street:
Penicillin
Street Number:
178
Street Suffix:
Point
Longitude:
W81° 4' 5.4''
Latitude:
N35° 38' 3.5''
Directions:
77 N from Charlotte, Exit 36 turn left on River Hwy, Right on Perth Rd, Left on State Park Rd, Left on Morrison Farm. Right on Penicillin Point, 0.3 miles house on right. From Troutman, Perth Rd. to Right on State Park Rd. Left on Morrison Farm. Right on Penicillin Point, 0.3 miles house on right.
Neighborhood
Elementary School:
Troutman
High School:
South Iredell
Middle School:
Troutman
MLS Addon
Office Name:
Howard Hanna Allen Tate Statesville
Agent Name:
Marin Tomlin
TaxAnnualAmount:
$0
TaxAssessedValue:
$0
AssociationFee:
$0
Additional Information
Construction Materials:
Wood
Foundation Details:
Basement
Levels:
One
Lot Features:
Sloped, Views, Waterfront, Open Lot
Lot Size Dimensions:
226' WF x 156' x 102' RF x 261'
Water Body Name:
Lake Norman
Water Source:
Well
Listing Information
List Agent Mls Id:
R12755
List Office Mls Id:
810041
Listing Term:
Cash,Conventional
Mls Status:
Active
Modification Timestamp:
2026-07-24T09:02:16Z
Originating System Name:
Canopy
Special Listing Conditions:
None
Status Change Timestamp:
2026-07-23T23:39:36Z

Residential For Sale

178 Penicillin Point, Troutman, North Carolina 28677

3 Bedrooms
2 Bathrooms
2,158 Sqft
$1,000,000
Listing ID #4405820
Basic Details
Property Type :
Residential
Listing Type :
For Sale
Listing ID :
4405820
Price :
$1,000,000
View :
Water
Bedrooms :
3
Bathrooms :
2
Square Footage :
2,158 Sqft
Year Built :
1973
Status :
Active
Full Bathrooms :
2
Property Sub Type :
Single Family Residence
Roof:
Architectural Shingle
Agent info
Contact Agent
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