Property listing for 111 Theron Pl, Troutman, NC 28166
ActiveSingle Family Home

$1,500,000

111 Theron Pl, Troutman, NC 28166

Custom Lake Norman Waterfront Cottage with Deep-Water Dock

3 Bed · 2.5 Bath · 2,436 Sq Ft

Turn-key, fully furnished Lake Norman retreat — deep-water dock & new roof (2024).

3

Beds

2.5

Baths

2,436

Sq Ft

1978

Built

0.83 acres

Lot

None — circular driveway and ample off-street parking

Garage

About 111 Theron Pl

This is not a cookie-cutter lake house — it began life as a wood post-and-beam fishing cabin and has been artfully transformed into a sophisticated yet authentic Lake Norman home. Perched on a private cove just south of Lake Norman State Park, the property delivers deep-water dock access, sweeping water views, and a large, wooded 0.83-acre parcel that feels private and intentionally curated.

Inside, the layout reads like a single-level retreat with 2,436 finished square feet, including 3 bedrooms and 2.5 baths. The living area centers on a dramatic floor-to-ceiling stacked stone fireplace. The kitchen and dining area are a showpiece — an 11-foot exotic Elm live-edge dining table with integrated seating anchors gatherings and pairs with high-end appliances (gas range/oven, dishwasher, built-in microwave). The luxurious primary suite includes vaulted ceilings, dual closets, a soaking tub and an oversized shower — a spa-like retreat after a day on the water.

An exceptional enclosed porch expands the living footprint: second stacked stone fireplace, polished concrete floor, dedicated dry bar and oversized picture windows that frame the lake. Outdoors the property continues to entertain effortlessly — a professional grilling station with built-in bar, mini-fridge and sink, multiple seating terraces, and direct lawn-to-dock access. The dock sits on deep water in a protected cove yet provides a short boat ride to the main channel and lakeside dining.

Practical upgrades include a new roof installed in 2024, heat-pump HVAC, well and septic systems (buyer to verify), propane service, and wired internet/cable. The home is being offered fully furnished and turnkey — move in, start vacations immediately, or operate as a high-demand seasonal rental where allowed. No HOA and no restrictive covenants are reported. Schedule a private showing to experience the combination of rustic character and elevated finish that makes this Lake Norman property rare.

Home Highlights

Deep-water dock in private cove — immediate lake accessFully renovated, turnkey, and sold furnishedNew roof (2024) and upgraded mechanicals (heat pump)Expansive enclosed porch with fireplace and wet bar0.83-acre lot offering privacy and multiple outdoor entertaining areas

Property Features

Interior Features

  • 3 bedrooms, 2.5 baths, 2,436 finished sqft
  • Floor-to-ceiling stacked stone fireplace in main living area
  • 11-foot exotic Elm live-edge dining table integrated into kitchen
  • Luxurious master suite with vaulted ceiling, soaking tub and oversized shower
  • Polished concrete floor on enclosed porch and second stacked stone fireplace
  • Heat pump HVAC; insulated windows; laundry in basement

Exterior & Lot

  • 0.83-acre wooded lot with private waterfront frontage
  • Deep-water dock on protected cove with quick access to main channel
  • Professional grilling station with built-in bar, mini-fridge and sink
  • New roof installed 2024
  • Circular driveway and abundant off-street parking
  • No HOA / no reported restrictions

Location & Neighborhood

  • Southern Lake Norman — minutes from Lake Norman State Park
  • Short boat ride to lakeside restaurants and marinas
  • Commutable to Mooresville / Charlotte metro
  • Cul-de-sac privacy on Theron Pl

Walkability & Recreation

  • Walkability Rating: 30/100
  • Recreation Score: 90/100
  • Immediate access to boating, fishing, kayaking, hiking and biking
  • Nearby Lake Norman State Park trails and public boat ramps

Neighborhood & Location

The southern Lake Norman corridor blends lake living with access to outdoor recreation and small-town services. This area offers a mix of older, character-rich cottages and newer luxury rebuilds, with proximity to Lake Norman State Park providing hiking, biking and shoreline access. Nearby Mooresville and Troutman supply dining, groceries and services, while the Charlotte metro is an easy commute for weekend and seasonal owners.

Market Insights

Lake Norman waterfront properties sit in a distinct premium segment of the Charlotte metro market. While median single-family prices in Iredell County are well below this listing, waterfront parcels with deep water and private docks command strong premiums and limited supply. Inventory in the waterfront niche stays low, and turnkey, well-furnished homes frequently see rapid interest from buyers in Charlotte, Mooresville, and regional weekend-buyers. Expect brisk activity if priced to reflect the quality of renovation and immediate dock access. Verify short-term rental rules if intending to operate as a vacation rental — operating margins can be strong in peak season but are seasonal and management-dependent.

Nearby Schools

Troutman Elementary

Elementary · 3-6 miles (verify assignment)

6/10 (estimate)

Lake Norman Middle / Lake Norman Charter (options vary)

Middle · 6-12 miles (verify assignment)

6-7/10 (estimate)

Lake Norman High (Mooresville)

High · 8-15 miles (verify assignment)

7/10 (estimate)

Walkability & Recreation

30
Walkability
90
Recreation

Outstanding outdoor access — private dock, paddling, wake sports, and Lake Norman State Park trails are immediate amenities for active owners.

Investment Highlights

  • Deep-water private dock in a quiet cove with easy access to Lake Norman's main channel
  • Comprehensive renovation preserving post-and-beam character with modern systems and finishes
  • Sold fully furnished and turnkey — immediate use or rental income opportunity
  • New roof (2024) reduces near-term capital expenditures
  • Large 0.83-acre lot provides privacy and outdoor entertaining spaces

Key Findings

  • 3 beds, 2.5 baths, 2,436 sf on 0.83 acres (lot sqft 36,154)
  • List price: $1,500,000 (price/sf reported $616)
  • Utilities: well water, septic, electric connected, propane, heat pump HVAC
  • Located on a cul-de-sac with circular driveway and ample off-street parking
  • Comes fully furnished and turnkey, ready for immediate occupancy or rental

Things to Consider

  • Verify dock permits and riparian rights with Iredell County and Lake Norman authorities
  • Confirm septic system condition, capacity, and any recent pumping/inspection records
  • Potential higher insurance costs if property is in a flood-prone zone (confirm FEMA maps)
  • Exact school assignments and zoning setbacks should be verified before purchase

Opportunity Analysis

Acquire a turnkey Lake Norman waterfront residence that captures a premium for deep-water access and high-end rustic renovation; suitable as a primary lake home, second/vacation property, or short-term rental with the right permitting and management.

Potential Use Scenarios

  • Market as turnkey luxury lake cottage targeting buyers from Charlotte metro and coastal NC second-home buyers.
  • If investor, confirm short-term rental rules; price competitively with professional staging (already furnished) and emphasize dock/access.
  • Commission a septic inspection, shoreline/dock permitting review, and flood zone insurance estimate prior to closing.

Risk Factors

  • Regulatory risk around docks/shoreline modifications
  • Septic and well system repair/replacement costs if aged or under-capacity
  • Niche market sensitivity: waterfront buyers are selective — pricing must reflect condition and dock depth

Buyers should conduct independent due diligence before making any purchase decisions.

AI Valuation Estimate

Low

$1350K

Midpoint

$1475K

High

$1600K

$616/SF estimated price per square foot

65% confidence

Estimate anchored to the MLS list price of $1,500,000 and adjusted for waterfront deep-water dock, recent renovation, and Lake Norman waterfront premium. No live comparable sales search performed.

As of 2026-03-12

This is a computer-generated estimate for informational purposes only and is not an appraisal or professional valuation.

Market & Area Data

Market Trends

Area Median Price$450,000
Avg Days on Market30 days
Inventory2.5 months
1-Year Appreciation+400.0%

Demographics

Population (1 mi)1,500
Median Income (1 mi)$85,000

Lake Norman corridor has seen steady in-migration from Charlotte metro buyers and retirees; strong demand for waterfront homes.

Nearby Points of Interest

  • Lake Norman State Park (0.5 - 1.0 mi)
  • Mooresville / Downtown Troutman amenities (6-10 mi)

Close to Lake Norman State Park trails and boat ramps; several lakeside restaurants and marinas within a short boat ride; grocery and services in Troutman and Mooresville within a 10-20 minute drive.

School District

DistrictIredell-Statesville Schools
ElementaryTroutman Elementary (Iredell-Statesville) — estimated rating 6/10
MiddleLake Norman Middle or Lake Norman Charter (options vary) — estimated rating 6-7/10
HighLake Norman High (Mooresville) — estimated rating 7/10

Market data is based on aggregated public records and may not reflect real-time conditions.

Property Details

Building Details

Year Built1978
Constructionwood frame (post-and-beam origin)
Stories1
Roofnew roof (installed 2024)
Heatingheat pump
Coolingheat pump
Basementpartial
FireplaceYes
Conditionexcellent

Lot & Site

Lot Size0.83 acres (36,154 SF)
Topographysloping
Parkingdriveway_and_circular_driveway
Parking Spaces6
FrontageWaterfront lot on a private cove of Lake Norman; deep-water access to main channel within short boat ride

Utilities

Waterwell
Sewerseptic
Electricconnected
Gaspropane

Zoning & Land Use

DescriptionLikely residential lakefront (county residential zoning) — verify with Iredell County for exact code and setback requirements.
JurisdictionIredell County

Allowed Uses

Single family residentialAccessory structures (subject to county/shoreline regulations)Short term rental typically allowed where permitted by county (verify local rules)
Current Useresidential

Tax & Sale History

Tax Assessment

Sale History

2026-03-07$1,500,000
2021-02-19$1,074,000

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