Single Family Residence at 117 Penicillin Point, Troutman
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$497,500

117 Penicillin Point
Troutman, NC 28166
Listed by David Hodson · Properties of the Carolinas
Bedrooms
3
Bathrooms
2.5
Living area
2,248 sqft
Year built
1997

About this home

Charming Cape Cod on almost an acre in a beautiful Lake Norman lake community. Mature landscaping, large shade trees and an established setting provide great curb appeal, while the spacious lot offers plenty of room to enjoy the outdoors and plenty of privacy. Waterfront properties are just a couple of homes down the street, putting you close to the lake without the waterfront price tag. Inside, the home is bright and comfortable with a functional floor plan. The main level features a spacious great room that opens to the kitchen, a convenient primary suite and a large laundry room. The primary bath includes a soaking tub, separate shower and water closet. Upstairs are two spacious secondary bedrooms with generous closet space, along with two additional flex rooms that could be used as a guestroom, bonus, office, playroom, exercise room, or hobby space. The outdoor space is a real highlight of the property. A large back deck and covered screened-in area overlook the mature, private backyard and provide plenty of room for relaxing or entertaining. The attached above-ground pool is perfect for enjoying the warmer months. A customized detached garage adds over 800 sq ft of additional space and versatility. Built by the current owner as a dedicated space for working on a race car, the garage features multiple 220V outlets for shop equipment such as air compressors, welders and other tools. It could also be used as a workshop, hobby space or additional storage. With nearly an acre of mature landscaping and no development planned behind the property, the backyard offers a level of privacy that is hard to find. There is plenty of room for gardening, outdoor activities or simply enjoying the peaceful surroundings. Seasonal lake views are an added bonus. Located just minutes from Lake Norman State Park and the boat launch, this home offers the space and privacy of a large lot while still being close to the lake and area amenities. A great opportunity to enjoy a peaceful setting.

Highlights

Private pool

Property details

MLS
Canopy MLS
MLS #
CAR4418260
Property type
Single Family Residence
Subdivision
Crescent Land and Timber
Status
Active
Days on market
42
On market date
September 4, 2026
Stories
N/A
Total bathrooms
2.5
Garage spaces
3
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
Troutman Elementary
5.03 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
10.88 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
5.85 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
4.3 / 20 -- Least walkable
Google Places amenity density
5 / 100
Restaurants & cafes0
Grocery stores0
Parks1
Schools0
Transit stops0
Pharmacies0

Market position

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

On the market 42 days -- 72 fewer days than Troutman's current average of 114 days.
For reference, the median list price across 175 active listings in Troutman right now is $382,000.

Mortgage calculator

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Est. monthly payment
$3,146/mo
$99,500 down
$398,000 loan
Principal & interest$2,581
Property tax (est.)$415
Home insurance (est.)$150

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Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 11 hr ago.

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.