Welcome to 178 Penicillin Point, where life slows down and lake memories are waiting to be made. Whether you're looking for a classic lake getaway to enjoy just as it is, a vacation rental opportunity, or the perfect waterfront lot to build your dream home, this property offers endless possibilities. Built in 1973, this waterfront home captures the feeling of simpler days on Lake Norman. Situated on a 0.66-acre lot with more than 200 feet of shoreline, NO HOA, and low Iredell County ONLY taxes, this is a rare opportunity to own a special piece of the lake.
Inside, you'll find a spacious great room with vaulted wood ceilings, walls of windows overlooking the water, and an open layout designed for gathering with family and friends. The home's original character has been preserved, giving it the nostalgic charm of a classic lake cottage.
Step outside and enjoy the gently sloping yard, covered 24' x 24' dock, sandy shoreline, and large deep-water cove with beautiful open water views. Spend the afternoon on the deck, swim or fish from the dock, head out for a day on the lake, or simply relax and watch the sunset.
The finished lower level provides additional living space for guests, hobbies, or game nights after a day on the water. A new roof was installed in 2023, and the 28' x 18' boathouse provides plenty of additional storage.
Opportunities to own waterfront property with this combination of location, views, and potential don't come along often. Conveniently located to I-77, Troutman, and Mooresville.
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Listing Snapshot
Price
$975,000
Days On Site
48 Days
Bedrooms
3
Inside Area (SqFt)
2,158 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.66 Acres
Year Built
1973
MLS® Number
4405820
Status
Active Under Contract
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Invite
Recent Activity
6 days ago
Status changed to Active Under Contract
6 days ago
Listing updated with changes from the MLS®
3 weeks ago
Price changed to $975,000
2 months ago
Listing first seen on site
General Features
Levels
One
Parking
Driveway
Parking Spaces
6
Property Sub Type
Single Family Residence
Sewer
Septic Tank
SqFt Above
1281
SqFt Below
877
SqFt Total
2158
Water Source
Well
Zoning
R20
Interior Features
Appliances
DishwasherOvenRefrigerator
Basement
DaylightWalk-Out AccessWalk-Up Access
Cooling
Ceiling Fan(s)Heat Pump
Flooring
Vinyl
Heating
Heat Pump
Laundry Features
In BasementIn Hall
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Exterior Features
Exterior
Dock
Lot Features
Open LotSlopedViewsWaterfront
Other Structures
Boat House
Patio And Porch
CoveredDeck
Roof
Shingle
View
Water
Waterfront
Yes
Waterfront Features
Lake Norman
Waterview
Water
Community Features
Financing Terms Available
CashConventional
Roads
DirtGravelPaved
Schools
School District
Unknown
Elementary School
Troutman
Middle School
Troutman
High School
South Iredell
Listing courtesy of Howard Hanna Allen Tate Statesville 704-881-4202
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Last checked - 2026-09-10 01:02 PM UTC
Neighborhood & Commute
Source: Walkscore
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