
$1,935,000 $466/sqft
219 Penicillin Point
Troutman, NC 28166
2 bd · 4 ba · 4,154 sqft · 1967 · 1 mo ago
Lakeview Acres is a small Lake Norman waterfront pocket in Troutman, and Penicillin Point is the street that defines it.
Community overview based on MLS listing data for Lakeview Acres, Troutman
Lakeview Acres is a small Lake Norman waterfront pocket in Troutman, and Penicillin Point is the street that defines it. The homes here are oriented to the water first: every closed sale fronts the lake, every one has a basement or lower level, and every one includes garage parking. That gives the neighborhood a clear lake-house identity, with views, dock access, and layered indoor-outdoor space built into the property mix.
The homes themselves span a useful range of eras and finishes. One is a classic cottage-style waterfront house with a boathouse, shared ramp, floating dock with lift, and sundeck. Another adds a steel-frame covered dock with a hydro-hoist lift. A remodeled home brings an elevator to the basement and a crow's nest with near-360-degree views. Another offers a second living quarter, a full lower-level kitchen, and an extensive pier. Lot sizes are substantial for lakefront property, generally around half an acre, which helps keep the shoreline feel open.
Outdoor living is a defining feature here. Screened porches, covered decks, patios, and multiple viewing platforms appear alongside fireplaces, wet bars, and custom kitchens that make the lower levels as functional as the main floors. Some homes also add second garages, workshop space, whole-house generators, and recent mechanical updates, which makes the properties feel tailored for long-term ownership rather than short-term use.
Recent sale prices have ranged from the mid-$700,000s to $1.25 million, with a median just under $940,000. That places Lakeview Acres firmly in Troutman's luxury lakefront tier, but the value story is really about direct water access, larger lots, and the way each home is designed to work with the lake.
Lakeview Acres sits on Troutman's Lake Norman edge, close to lake recreation and within reach of Lake Norman State Park. School assignments should be confirmed with the district. For buyers focused on waterfront frontage, dock access, and generous shoreline lots, the setting is straightforward and highly specialized.
Palmetto Park Realty Team · Troutman
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3 recently sold in Lakeview Acres, Troutman
| Property | Sold | Sold Price | Days on Market | Size | Sold to Ask | Sold $/SF |
|---|---|---|---|---|---|---|
| | Dec 5 2022 | $1,133,595 | 130 | 3,340 sq ft | 90.7% | $339 |
| | Oct 20 2021 | $729,500 | 107 | 2,679 sq ft | 97.3% | $272 |
| | Sep 22 2015 | $852,000 | 217 | 4,115 sq ft | 99.2% | $207 |
Closed sales from MLS history for Lakeview Acres, Troutman
Not enough recent sales in Lakeview Acres to chart a trend.
The Lakeview Acres real estate market shows buyer's market conditions. Homes typically sell within 118 days. With 1 active listing and 0 homes sold in the past year, buyers have more negotiating power and time to decide.