INNOVATE Real Estate
Lot at Troutman
Lot at Troutman, photo 2 of 7
Lot at Troutman, photo 3 of 7
Lot at Troutman, photo 4 of 7
Lot at Troutman, photo 5 of 7
Lot at Troutman, photo 6 of 7
Lot at Troutman, photo 7 of 7
7 photos

$200,000

Troutman, NC 28166
Listed by Mike Todd · Howard Hanna Allen Tate Royal Properties
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

This is your chance to build on one of the last remaining lots in the highly desirable first phase of Falls Cove. Located in Troutman and right on the edge of Lake Norman, this gently sloping basement lot backs up to a wooded community common area, adding tranquility and privacy. No thru traffic on this sidewalk lined street. Easy access to Lake Norman State Park, I77, Troutman, Statesville, and Mooresville. Prepaid tap fees for water/sewer. The current building moratorium does not affect this lot.

Property details

MLS #
CAR4387250
Property type
Lot
Subdivision
Falls Cove
Status
Active
Days on market
1
On market date
May 28, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

Get directions →
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Troutman Elementary
1.75 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
666
Student:teacher ratio
15.9:1
District
Iredell-Statesville Schools
Middle
Oakwood School IB School
7.79 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
449
Student:teacher ratio
15.5:1
District
Iredell-Statesville Schools
High
Career Academy and Technical School
2.69 mi away · Grades 6-12
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
149
Student:teacher ratio
9.3:1
District
Iredell-Statesville Schools

Walkability

Blended score for Troutman's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

15
Very car-dependent
out of 100
EPA National Walkability Index
4.8 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Troutman, from live MLS data.

On the market 1 days -- 115 fewer days than Troutman's current average of 116 days.
For reference, the median list price across 149 active listings in Troutman right now is $410,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$1,354/mo
$40,000 down
$160,000 loan
Principal & interest$1,038
Property tax (est.)$167
Home insurance (est.)$150

Similar homes you might like

$189,000
Troutman, 28166
N/A bd·N/A ba·N/A
35 days on market
Listed by Teresa Blackburn, Keller Williams Realty Elite
$185,000
Troutman, 28166
N/A bd·N/A ba·N/A
235 days on market
Listed by Teresa Blackburn, Keller Williams Realty Elite
$201,500
Troutman, 28166
N/A bd·N/A ba·N/A
182 days on market
Listed by Julie Horton, EXP Realty LLC Mooresville
$168,300
Troutman, 28166
N/A bd·N/A ba·N/A
182 days on market
Listed by Julie Horton, EXP Realty LLC Mooresville
$163,850
Troutman, 28166
N/A bd·N/A ba·N/A
182 days on market
Listed by Julie Horton, EXP Realty LLC Mooresville
$163,850
Troutman, 28166
N/A bd·N/A ba·N/A
182 days on market
Listed by Julie Horton, EXP Realty LLC Mooresville

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated May 29, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.