$1,499,000
$100K PRICE DROP

787 Morrison Farm Rd Troutman, NC 28166

Estimated payment $8,324/month

Total Views 4,166
3 Beds
2.5 Baths
1,810 Sq Ft
$828 Price per Sq Ft

Highlights

  • Pier
  • Open Floorplan
  • Mud Room
  • Waterfront
  • Deck
  • No HOA

About This Home

STUNNING CUSTOM-BUILT WATERFRONT HOME WITH PRIVATE DOCK – NO HOA!
This immaculate custom home offers the perfect blend of modern luxury and peaceful lakefront living. Located just minutes from Lake Norman State Park, this 3-bedroom retreat is nestled in a quiet, serene setting with breathtaking water views and direct lake access via your own private dock.
The open-concept kitchen is a chef’s dream, featuring a large island, granite countertops, induction cooktop, double ovens, and stylish finishes throughout. The spacious living area flows seamlessly to a screened-in porch—ideal for relaxing or entertaining while taking in the beautiful lake views. Enjoy evenings by the firepit, mornings on the dock, and the low-maintenance ease of an inground irrigation system. With no HOA restrictions, you’ll have the freedom to use the property however you choose.
Currently used as a short-term rental with strong income performance. This home is an excellent opportunity for those seeking a full-time residence, weekend retreat or investment opportunity.

Listing Agent

Jitka Sustrova

EXP Realty LLC Mooresville Brokerage Email: jitkasustrovarealty@gmail.com License #276133 Listed on: 09/25/2025

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022

Lot Details

  • Lot Dimensions are 180x192x82x173
  • Waterfront
  • Irrigation
  • Property is zoned R20, R-20

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Architectural Shingle Roof
  • Stone Veneer
  • Hardboard

Interior Spaces

  • 1,810 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Mud Room
  • Screened Porch
  • Water Views
  • Crawl Space
  • Carbon Monoxide Detectors

Kitchen

  • Walk-In Pantry
  • Built-In Double Oven
  • Induction Cooktop
  • Range Hood
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Pier
  • Access To Lake
  • Deck
  • Fire Pit

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4629-80-2883.000

Community Details

Overview

  • No Home Owners Association
  • Morrison Point Subdivision

Security

  • Card or Code Access

Home Details

Home Type

Single Family

Year Built

Built in 2022

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • Ratio CurrentPrice/TotalPropertyHLA: 828.18
  • Geocode Confidence: High
  • Attribution Contact: jitkasustrovarealty@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Interior Amenities: Drop Zone, Kitchen Island, Open Floorplan, Split Bedroom, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1810
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Water Heater, Exhaust Hood, Induction Cooktop, Microwave, Plumbed For Ice Maker, Refrigerator, Wall Oven
  • Above Grade Finished Sq Ft: 1810
  • Accessibility Features: Two or More Access Exits
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1810
  • Bedroom Main: 3

Exterior Features

  • Exterior Features: Fire Pit, Dock - Floating, In-Ground Irrigation
  • New Construction: No
  • Roof: Architectural Shingle
  • Construction Type: Site Built
  • View: Water
  • Water Body Name: Lake Norman
  • Waterfront Features: Dock, Pier
  • Construction Type: Hardboard Siding, Stone Veneer
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Screened

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Door Opener, Keypad Entry

Utilities

  • Heating: Electric, Forced Air
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Sink, Washer Hookup
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 4629-80-2883.000
  • Zoning: R-20
  • Development Status: Completed
  • Lot Size: 180x192x82x173
  • Additional Parcels: No
  • Zoning Specification: R20

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,347 $881,230 $400,000 $481,230
2024 $5,347 $881,230 $400,000 $481,230
2023 $5,347 $881,230 $400,000 $481,230
2022 $2,039 $316,000 $240,000 $76,000
2021 $1,506 $240,000 $240,000 $0
2020 $1,506 $240,000 $240,000 $0
2019 $1,446 $240,000 $240,000 $0
2018 $1,434 $240,000 $240,000 $0
2017 $1,434 $240,000 $240,000 $0
2016 $1,434 $240,000 $240,000 $0
2015 $1,434 $240,000 $240,000 $0
2014 $1,320 $240,000 $240,000 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Price Changed $1,499,000 -6.3% $828 / Sq Ft
09/25/2025 09/25/25 For Sale $1,599,000 0.0% $883 / Sq Ft
09/02/2025 09/02/25 For Rent $6,000 -7.7% --
03/01/2024 03/01/24 Rented $6,500 +8.3% --
09/26/2023 09/26/23 For Rent $6,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- None Listed On Document
Deed $5,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Closed $525,000 New Conventional
Source: Public Records

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4306573

Canopy MLS (Canopy Realtor® Association)

APN: 4629-80-2883.000