Enjoy this exceptionally well updated Lake Norman water front property. This home must be viewed to be appreciated! Absolutely move in ready. No HOA and no restrictions. This property includes 2+ lots with a total of 0.82+/- acres and approximately 185'+/- of water frontage. Property has previously been rented on Airbnb with glowing reviews. Gently sloping lot to the lake with a private pier and covered boat slip, with year round water. Enjoy sitting by a private fire pit on the lake banks. There are 3 bedrooms, 2 baths, plus a spare room in the basement, extensively updated in 2022. Central HVAC, 2022. New black, asphalt/fiberglass, 30 year, Certainteed shingles, installed on 10/28/2026. Main floor has a bathroom, which is large with a tiled walk in shower, 3 bedrooms, and a den. Large composite deck all across the front and down one side of the house with water views. 2 bedrooms have double glass doors with lake views. The lower level features a walk out basement, a spacious family room with lake views, and a real, working, brick fireplace with a fireplace insert. The kitchen has been exquisitely updated with all new cabinets, tile back splash, quartz counter tops and high end appliances(all appliances convey). An additional spare room is located in the basement. Game room and laundry room has a separate mini split unit for heating and cooling. There is an irrigation system in place. The property has a high output private well. Outside there is a storage shed, with a concrete floor, for keeping your lawn tools and lake toys secure. Hanging on the side of the storage shed are 4 Kayaks, which do convey. All furnishings were purchased new, from Ashley Furniture in 2022, and are negotiable. This property is conveniently located close to Lake Norman State Park and close to multiple shopping choices. Lake Norman Airpark, a privately owned air strip which allows public use, is only 4.6 miles away. Tucked in a quiet cove, this is an exceptional waterfront retreat. Make an offer!
Active
Price cut: $50K (10/31)
$1,049,000
150 Shady Cove Rd, Troutman, NC 28166
3beds
2,424sqft
Single Family Residence
Built in 1970
0.82 Acres Lot
$1,002,500 Zestimate®
$433/sqft
$-- HOA
What's special
Year round waterWalk out basementIrrigation system in placeGame room
- 66 days
- 547
- 26
Zillow last checked:
Listing updated:
Listed by:
Mark Goodson mgoodsonmd@duck.com,
#1 Properties of Lake Norman,
Paige Goodson,
#1 Properties of Lake Norman
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4419626
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Features: Ceiling Fan(s)
- Level: Main
- Area: 200.62 Square Feet
- Dimensions: 14' 0" X 14' 4"
Bedroom s
- Level: Main
- Area: 199.5 Square Feet
- Dimensions: 14' 0" X 14' 3"
Bedroom s
- Level: Main
- Area: 155.88 Square Feet
- Dimensions: 10' 9" X 14' 6"
Bathroom full
- Features: Ceiling Fan(s)
- Level: Main
Bathroom full
- Level: Basement
Den
- Features: Ceiling Fan(s)
- Level: Main
- Area: 181.25 Square Feet
- Dimensions: 12' 6" X 14' 6"
Dining area
- Features: Ceiling Fan(s), See Remarks
- Level: Basement
- Area: 182.25 Square Feet
- Dimensions: 13' 6" X 13' 6"
Family room
- Level: Basement
- Area: 270 Square Feet
- Dimensions: 13' 6" X 20' 0"
Kitchen
- Level: Basement
- Area: 184.55 Square Feet
- Dimensions: 13' 6" X 13' 8"
Laundry
- Level: Basement
Office
- Features: Ceiling Fan(s)
- Level: Basement
- Area: 164.04 Square Feet
- Dimensions: 12' 0" X 13' 8"
Recreation room
- Level: Basement
- Area: 241.88 Square Feet
- Dimensions: 11' 3" X 21' 6"
Heating
- Central, Electric
Cooling
- Ceiling Fan(s), Central Air, Electric, Heat Pump
Appliances
- Included: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Hood, Microwave, Refrigerator with Ice Maker, Washer/Dryer
- Laundry: Electric Dryer Hookup, Laundry Room, Lower Level, Washer Hookup
Features
- Flooring: Tile
- Doors: Storm Door(s)
- Windows: Insulated Windows
- Basement: Finished,Interior Entry,Sump Pump,Walk-Out Access,Walk-Up Access
- Fireplace features: Family Room, Fire Pit, Insert, Wood Burning
Interior area
- Total structure area: 1,076
- Total interior livable area: 2,424 sqft
- Finished area above ground: 1,076
- Finished area below ground: 1,348
Property
Parking
- Parking features: Driveway, Keypad Entry, Parking Space(s)
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Deck
- Exterior features: Fire Pit, Other - See Remarks
- Has view: Yes
- View description: Water, Year Round
- Has water view: Yes
- Water view: Water
- Waterfront features: Covered structure, Dock, Pier, Waterfront
- Body of water: Lake Norman
Lot
- Size: 0.82 Acres
- Dimensions: 176' x 168' x 185' x 195'
- Features: Sloped, Wooded, Views
Details
- Additional structures: Boat House, Shed(s)
- Additional parcels included: Lot #18 PIN: 4730713365.000
- Parcel number: Lot #17 PIN: 4730712377.000
- Zoning: R-20
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Partial, Wood
- Roof: Fiberglass
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
- Utilities for property: Cable Available, Cable Connected, Electricity Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Shady Cove
Location
- Region: Troutman
- Elevation: 0
Financial & listing details
- Price per square foot: $433/sqft
- Tax assessed value: $620,730
- Annual tax amount: $2,697
- Date on market: 8/30/2026
- Cumulative days on market: 66 days
- Listing terms: Cash,Conventional
- Exclusions: None
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$1,002,500
$952,000 - $1.05M
$2,438/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2026 | Price change | $1,049,000-4.5%$433/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4419626 Report a problem | ||
| 8/31/2026 | Listed for sale | $1,099,000$453/sqft |
Source: Canopy MLS as distributed by MLS GRID #4419626 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,697 | $439,580 |
| 2024 | $2,697 | $439,580 |
| 2023 | $2,697 +48.9% | $439,580 +60% |
| 2022 | $1,812 +1.8% | $274,770 |
| 2021 | $1,780 | $274,770 |
| 2020 | $1,780 +4% | $274,770 |
| 2019 | $1,711 +22.6% | $274,770 +22.1% |
| 2018 | $1,396 | $225,000 |
| 2017 | $1,396 | $225,000 |
| 2016 | $1,396 | $225,000 |
| 2015 | $1,396 +7.6% | $225,000 -0.7% |
| 2014 | $1,298 | $226,570 |
| 2013 | -- | $226,570 |
| 2012 | -- | $226,570 |
| 2011 | -- | $226,570 -2.1% |
| 2010 | -- | $231,480 |
| 2009 | -- | $231,480 |
| 2008 | -- | $231,480 |
| 2007 | -- | $231,480 +19.2% |
| 2006 | -- | $194,270 |
| 2005 | -- | $194,270 |
| 2004 | -- | $194,270 |
| 2003 | -- | $194,270 +35.9% |
| 2002 | -- | $142,980 |
| 2001 | -- | $142,980 |
| 2000 | -- | $142,980 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 28166
Nearby schools
Schools provided by the listing agent
- Elementary: Troutman
- High: South Iredell
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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