Shady Cove Homes for Sale
2 homesCommunity Highlights
- Lake Norman waterfront and waterview opportunities sit inside one compact subdivision.
- No-HOA positioning is a recurring part of the neighborhood story.
- Wooded homesites are larger than many lake neighborhoods, averaging about 0.79 acres.
* Based on what we noticed in listing details.
Architecture & Style
- Decks
- Finished Basements
- Granite Countertops
- Stainless Appliances
- Screened Porches
- Fireplaces
- Open Floor Plans
* Based on what we noticed in listing details.
Location & Proximity
compact lakeside subdivision on the Troutman side of Lake Norman
- Troutman town center
- Lake Norman State Park
- Stumpy Creek boat landing
- Skipper's Landing marina corridor
- Statesville
* Based on what we noticed in listing details.
Nearby Schools
Troutman
Troutman
South Iredell
* Based on what we noticed in listing details.
Lots and Land in Shady Cove
Shady Cove reads like one of Troutman's smaller Lake Norman pockets: a mix of waterfront homes, waterview addresses, and wooded interior parcels tucked off Perth Road. Docks, boat slips, sunset decks, no-wake coves, and no-HOA positioning shape the neighborhood's identity.
Community Highlights
Lake frontage is the headline, but not the whole story. About 44% of recorded listings carry waterfront status, and the premium shoreline addresses cluster along Lily Pad Loop and parts of Shady Cove Road, where deep-water frontage, private docks, boat slips, beach areas, and long Lake Norman views show up again and again. The price structure is broad enough to include lower-priced buildable lots as well as shoreline homes that now push toward or above the million-dollar mark.
Shady Cove also has a looser, lower-density feel than many lake subdivisions. Average lot size runs just under 0.8 acres, with recorded parcels spanning roughly 0.39 to 2.22 acres. Mature trees, wooded backdrops, and cul-de-sac sites recur throughout the neighborhood, and build dates stretch from 1964 to 2025, with most homes tracing to the 1980s and 1990s. Ranch layouts are common, basements appear often, and the housing mix ranges from simple waterview homes and interior lots to custom lakefront properties.
These insights are based on listing details and are informational only; verify details for any specific property.
Market Trends
Buyers have more negotiating power. Properties may take longer to sell. Prices have increased 207%.
Year-over-Year Comparison
Last 12 monthsRecently Sold Properties
| Property | Sold Date▼ | Sale Price↕ | DOM↕ | LP/SP↕ | Size↕ | $/SF↕ |
|---|---|---|---|---|---|---|
![]() SOLD 230 Shady Cove Road 4 bed4 bath | Aug 5 2025 | $1.15M | 68 | 94% | 2740 sq ft | $420 |
![]() SOLD 118 Alfara Lane 3 bed2 bath | Jun 25 2025 | $375,000 | 97 | 96% | 1319 sq ft | $284 |
8 month gap in market activity | ||||||
![]() SOLD 230 Shady Cove Road 4 bed4 bath | Oct 11 2024 | $865,000 | 77 | 92% | 2828 sq ft | $306 |
![]() SOLD 127 Shady Cove Road 3 bed2 bath | Oct 4 2024 | $325,000 | 53 | 🎯102% | 1579 sq ft | $206 |
![]() SOLD 140 Alfara Lane 3 bed3 bath | Sep 26 2024 | $515,000 | 75 | 98% | 2655 sq ft | $194 |
1+ year gap in market activity | ||||||
![]() SOLD 149 Shady Cove Road | Aug 15 2023 | $100,000 | 56 | 🎯100% | — | — |
1+ year gap in market activity | ||||||
![]() SOLD 15 Shady Cove Road | Feb 23 2022 | $61,666 | 204 | 94% | — | — |
![]() SOLD 15 Millard Lane | Feb 23 2022 | $61,666 | 204 | 🎯103% | — | — |
![]() SOLD 17 Shady Cove Road | Feb 23 2022 | $61,666 | 204 | 88% | — | — |
![]() SOLD 203 Shady Cove Road 3 bed2 bath | Jan 7 2022 | $611,000 | 37 | 🎯108% | 3355 sq ft | $182 |
4 month gap in market activity | ||||||
![]() SOLD 215 Shady Cove Road 3 bed2 bath | Aug 26 2021 | $465,000 | 68 | 🎯100% | 1447 sq ft | $321 |
2 month gap in market activity | ||||||
![]() SOLD 122 Shady Cove Road | Jun 10 2021 | $275,000 | 238 | 96% | — | — |
![]() SOLD 167 Shady Cove Road 3 bed2 bath | May 28 2021 | $335,000 | 35 | 🎯102% | 2339 sq ft | $143 |
7 month gap in market activity | ||||||
![]() SOLD 140 Alfara Lane 3 bed3 bath | Oct 14 2020 | $310,000 | 34 | 🎯103% | 2400 sq ft | $129 |
![]() SOLD 110 Lily Pad Loop 3 bed3 bath | Aug 27 2020 | $591,000 | 58 | 99% | 3401 sq ft | $174 |
2+ year gap in market activity | ||||||
![]() SOLD 112 Millard Lane | Aug 2 2018 | $120,000 | 254 | 🎯100% | — | — |
6 month gap in market activity | ||||||
![]() SOLD 203 Shady Cove Road 3 bed2 bath | Jan 31 2018 | $379,500 | 100 | 95% | 3356 sq ft | $113 |
4 month gap in market activity | ||||||
![]() SOLD 110 Shady Cove Road 4 bed3 bath | Oct 2 2017 | $450,000 | 451 | 98% | 2701 sq ft | $167 |
![]() SOLD 122 Lily Pad Loop 3 bed2 bath | Aug 11 2017 | $406,500 | 42 | 98% | 2350 sq ft | $173 |
12 month gap in market activity | ||||||
![]() SOLD 181 Shady Cove Road 3 bed3 bath | Aug 12 2016 | $223,500 | 109 | 97% | 1804 sq ft | $124 |
2 month gap in market activity | ||||||
![]() SOLD 167 Shady Cove Road 3 bed2 bath | Jun 2 2016 | $240,000 | 36 | 🎯100% | 2355 sq ft | $102 |
3 month gap in market activity | ||||||
![]() SOLD 140 Alfara Lane 2 bed3 bath | Feb 12 2016 | $248,680 | 210 | 🎯100% | 2420 sq ft | $103 |
7 month gap in market activity | ||||||
![]() SOLD 144 Shady Cove Lane 3 bed2 bath | Jul 14 2015 | $334,455 | 26 | 🎯101% | 2211 sq ft | $151 |
3 month gap in market activity | ||||||
![]() SOLD 215 Shady Cove Road 3 bed2 bath | Mar 25 2015 | $122,432 | 98 | 🎯123% | 1321 sq ft | $93 |
2 month gap in market activity | ||||||
![]() SOLD 125 Millard Lane 3 bed2 bath | Dec 30 2014 | $118,500 | 48 | 🎯101% | 2271 sq ft | $52 |
![]() SOLD 1244 Perth Road 3 bed1 bath | Dec 12 2014 | $139,900 | 123 | 🎯100% | 1143 sq ft | $122 |
![]() SOLD 167 Shady Cove Road 3 bed2 bath | Oct 24 2014 | $230,000 | 180 | 99% | 2400 sq ft | $96 |
6 month gap in market activity | ||||||
![]() SOLD 181 Shady Cove Road 3 bed3 bath | Apr 24 2014 | $185,500 | 92 | 93% | 1783 sq ft | $104 |
3 month gap in market activity | ||||||
![]() SOLD 127 Alfara Lane 3 bed2 bath | Jan 17 2014 | $165,000 | 196 | 92% | 1750 sq ft | $94 |
10 month gap in market activity | ||||||
![]() SOLD 159 Shady Cove Road 3 bed2 bath | Mar 20 2013 | $110,800 | 68 | 78% | 2866 sq ft | $39 |

230 Shady Cove Road
$1,151,000

118 Alfara Lane
$375,000

230 Shady Cove Road
$865,000

127 Shady Cove Road
$325,000

140 Alfara Lane
$515,000

149 Shady Cove Road
$100,000

15 Shady Cove Road
$61,666

15 Millard Lane
$61,666

17 Shady Cove Road
$61,666

203 Shady Cove Road
$611,000

215 Shady Cove Road
$465,000

122 Shady Cove Road
$275,000

167 Shady Cove Road
$335,000

140 Alfara Lane
$310,000

110 Lily Pad Loop
$591,000

112 Millard Lane
$120,000

203 Shady Cove Road
$379,500

110 Shady Cove Road
$450,000

122 Lily Pad Loop
$406,500

181 Shady Cove Road
$223,500

167 Shady Cove Road
$240,000

140 Alfara Lane
$248,680

144 Shady Cove Lane
$334,455

215 Shady Cove Road
$122,432

125 Millard Lane
$118,500

1244 Perth Road
$139,900

167 Shady Cove Road
$230,000

181 Shady Cove Road
$185,500

127 Alfara Lane
$165,000

159 Shady Cove Road
$110,800
Market Statistics
The Shady Cove real estate market shows buyer's market conditions. Homes typically sell within 92 days. With 2 active listings and 2 homes sold in the past year, Buyers have more negotiating power and time to decide.
Pricing
Median Price:$659,000
Average Price:$659,000
Property Details
Avg Bedrooms:3.2
Avg Bathrooms:2.6
Avg Lot Size:0.79 acres
Market Activity
Active Listings:2
Sold Last Year:2
Median Days to Sell:92 days
Community Info
Has HOA:No
Median Year Built:1988
New Construction:4%
Recently Off Market Properties
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