This exceptional Lake Norman waterfront investment property in Troutman, NC offers a rare opportunity to own a proven income-producing short-term rental with no HOA restrictions and the ability to continue operating as a vacation rental. With 4 bedrooms, 5 full baths, 1 half bath, and over 7,000 square feet, there is ample room for large groups and multiple families to gather while still enjoying privacy and space. In addition to the four bedrooms, the home features multiple flex rooms currently utilized as additional sleeping areas, allowing the property to comfortably accommodate up to 20 guests. Designed with entertaining and guest comfort in mind, the home features two full kitchens, multiple living and recreation areas, and expansive gathering spaces throughout. A covered boat slip conveys with the property, providing direct access to Lake Norman, while nearby boat rental options allow guests to easily enjoy the water. Outdoor amenities include a lakeside firepit area, paddleboard and canoe storage, and plenty of room to relax and take in the waterfront setting. Offered fully furnished and turnkey, the sale includes all furniture, bed and bath linens, kitchen appliances, cookware, utensils, and entertainment amenities including a foosball table, pool table, and ping pong table. Future scheduled tenant bookings will convey with the property, allowing the next owner to step into immediate rental income. The home has been well maintained and includes numerous updates: five HVAC systems, with one AC unit replaced in July 2024 and a heat pump replaced in June 2023; septic pumped in August 2025; well replaced in 2020 (per previous owner); water heater replaced in 2020 (per previous seller); and two mattresses replaced in 2025. The roof is approximately 2010 (per previous owner). Situated on approximately 0.8 acres, this unique Lake Norman property combines waterfront recreation, strong investment potential, and relaxed lake living. Whether you're seeking a vacation rental business, a second home, or a private retreat with room for everyone, this property delivers a rare blend of lifestyle and income opportunity.
| MLS # | 4384005 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1985 |
| Days On Site | 85 |
| Listing Provided By | Premier South | Renee Hornor |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 6 Total |
| SQ Feet | 7,624 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 1 |
| Acreage | 0.80 |
| Water Front | Yes |
| Property View | Water |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Electric, Natural Gas |
| Interior Features | Garden Tub, Kitchen Island, Walk-In Closet(s) |
| Window Features | Insulated Window(s) |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator with Ice Maker, Washer/Dryer |
| Roof | Architectural Shingle |
|---|---|
| Security Features | Carbon Monoxide Detector(s), Smoke Detector(s) |
| Construction Materials | Brick Partial, Fiber Cement |
| Foundation Details | Basement |
| Lot Features | Waterfront |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Driveway, Attached Garage |
| Utilities | Electricity Connected, Natural Gas |
|---|
| Community Features | None |
|---|
| List Aor | Gaston Association of Realtors |
|---|
| Property | 1343040 |
|---|
| State | NC |
|---|---|
| County | Iredell |
| City | Troutman |
| Zip Code | 28166 |
| Area | Iredell |
| Community Name | Crescent Land & Timber |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in Crescent Land & Timber) | |
Price: $2,100,000 low | high Med: $1,644,995 sqft: 7,624 low | high Med: 2,744 $ / sqft: $275 low | high Med: $622 On site: 85 low | high Med: 21 | |
| State | NC |
|---|---|
| County | Iredell |
| City | Troutman |
| Zip Code | 28166 |
| Area | Iredell |
| Community Name | Crescent Land & Timber |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in Crescent Land & Timber) | |
Price: $2,100,000 low | high Med: $1,644,995 sqft: 7,624 low | high Med: 2,744 $ / sqft: $275 low | high Med: $622 On site: 85 low | high Med: 21 | |
![]() | $1,795,000107 Nautilus CourtTroutman, NC 28166 |