Lot at 221 Malabar Drive, Troy
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$450,000

221 Malabar Drive
Troy, NC 27371
Listed by Lynn Norman · Lake Tillery Properties LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

A truly exceptional opportunity to own one of Lake Tillery's most captivating waterfront properties. Thoughtfully prepared for your future lakefront residence, this offering includes two lots, a cleared homesite, installed driveway, and a 4-bedroom perc permit. At the water's edge, a beautifully appointed gazebo creates an extraordinary outdoor living space, complete with a ceiling fan, lighting, rugs, pillows, and comfortable seating—an idyllic setting for morning coffee, sunset cocktails, or simply enjoying the tranquility of the lake. Expansive decking showcases sweeping views of Lake Tillery, the rolling peaks of Morrow Mountain State Park, and the scenic beauty of the Uwharrie National Forest. The private boathouse features a boat lift, storage area, and generous sun deck, offering the perfect place to boat, fish, swim, or unwind while taking in the breathtaking surroundings. Level terrain, mature shade trees, and a charming stone pathway enhance the property's inviting character. Whether you envision building a custom waterfront retreat or simply enjoying the remarkable amenities already in place, this property offers a rare blend of natural beauty, convenience, and lifestyle. In fact, the setting is so special, you may find yourself perfectly content spending every weekend in the gazebo, savoring the view while planning your dream home at your own pace.

Property details

MLS
Canopy MLS
MLS #
CAR4390950
Property type
Lot
Subdivision
Carolina Forest
Status
Active
Days on market
68
On market date
June 12, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
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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.

Elementary
Mount Gilead Elementary
10.91 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
1.9
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: F (2025)
Enrollment
208
Student:teacher ratio
13.9:1
District
Montgomery County Schools
Middle
West Middle
6.81 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
354
Student:teacher ratio
14.8:1
District
Montgomery County Schools
High
Stanly STEM Early College
8.05 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.4
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
119
Student:teacher ratio
17.0:1
District
Stanly County Schools

Walkability

Blended score for Troy'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).

10
Very car-dependent
out of 100
EPA National Walkability Index
3.2 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Mortgage calculator

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

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Est. monthly payment
$2,860/mo
$90,000 down
$360,000 loan
Principal & interest$2,335
Property tax (est.)$375
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated August 19, 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.