116 Lipe Rd, Troutman, NC 28166
Property image
Property image
FOR SALE
5.9 ACRES

$699,900

    116 Lipe Rd, Troutman, NC 28166

    Est. Mortgage $4,214/mo*
    Get Pre-Qualified

    Home Highlights

    Lot/Land
    5.9 acre lot

    Local Information

    • Map ViewExplore the area around 116 Lipe Rd.
    • Schools1 Preschool School1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    About this House

    What's unique:Mostly cleared acreage
    This 5.9-acre investment opportunity checks every box for investors seeking immediate cash flow and long-term upside. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, this property sits in a high-demand rental corridor with strong tenant appeal and future commercial growth potential.
    Two income-producing homes—116 & 128 Lipe Rd—convey at closing, providing day-one rental income and reducing your holding costs from the start. Both homes do need some TLC, presenting a value-add opportunity for investors to renovate, increase rents, and build additional equity. Existing well and septic systems are already in place, and the mostly cleared acreage creates a streamlined path for expansion. Whether your goal is to increase doors, add additional rental units, or maximize density over time, this property is primed for scalability.
    The Neighborhood Business (NB) zoning adds significant value for investors. Continue operating as residential rentals while holding for appreciation, or position the property for future commercial or mixed-use development without the typical rezoning delays. This flexibility allows you to execute multiple exit strategies—cash flow, redevelopment, or resale—on your timeline.
    With convenient highway access and proximity to major employment areas and recreational destinations, the location supports consistent rental demand today while strengthening its appeal for future commercial tenants.
    For investors looking to build wealth through a combination of immediate income and long-term appreciation, this property offers a rare blend of stability, flexibility, and growth potential. Opportunities with existing cash flow, infrastructure in place, and favorable zoning are limited—this is one worth adding to your portfolio.
    Last check for updates: about 14 hours ago
    Listing Provided by: Kristin Hildebrand
    RE/MAX Properties Plus, Inc.
    Source: Canopy MLS as distributed by MLS GRID, MLS#4376614
    Also Listed on Canopy MLS as distributed by MLS GRID.

    Home Details for 116 Lipe Rd

    Interior Features

    View
    No View

    Exterior Features

    Exterior Home Features
    Other Structures: Residence, Manufactured Home(s), Shed(s)
    Parking & Garage
    No Carport
    Frontage
    Road Frontage: County Road, Interstate 1 mile or LessResponsible for Road Maintenance: Publicly Maintained RoadRoad Surface Type: Paved
    Water & Sewer
    Sewer: Septic Installed
    Surface & Elevation
    Elevation Units: Feet

    Days on Market

    Days on Market: 147

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    No Additional ParcelsIs Habitable Residence
    Property Information
    Usage of Home: Commercial, ResidentialParcel Number: 4740751250.000

    Price & Status

    Price
    List Price: $699,900

    Active Status

    MLS Status: Active

    Location

    Direction & Address
    City: TroutmanCommunity: None
    School Information
    Elementary School: UnspecifiedJr High / Middle School: UnspecifiedHigh School: Unspecified

    Agent Information

    Listing Agent
    Listing ID: 4376614

    Community

    Not Senior Community

    Lot Information

    Lot Area: 5.9 acres

    Listing Info

    Special Conditions: Estate

    Offer

    Listing Terms: Cash, Conventional

    Miscellaneous

    Mls Number: 4376614Attribution Contact: kristin@cflandandhomes.com

    Around this home

    What Locals Say about Troutman

    At least 34 Trulia users voted on each feature.

    • 93 % Say car is needed

    • 88 % Say yards are well-kept

    • 88 % Say parking is easy

    • 73 % Say there's holiday spirit

    • 72 % Say kids play outside

    • 71 % Say it's dog friendly

    • 63 % Say there's wildlife

    • 61 % Say people would walk alone at night

    • 54 % Say it's walkable to restaurants

    • 53 % Say it's quiet

    • 53 % Say neighbors are friendly

    • 44 % Say they plan to stay for at least 5 years

    • 44 % Say it's walkable to grocery stores

    • 44 % Say streets are well-lit

    • 38 % Say there are sidewalks

    • 30 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • 9wrtkpf2xh
      "It’s a beautiful place to live & the this is home!!! Troutman is warm & cozy, everyone knows everyone. It’s a great place to live. I’ve been all over the country and other countries & I always come HOME❤️"
      0
      Flag
    • Dee
      "None not many friendly people. No amenities, no events. Do not like the area. Instead of others helping others they do not. "
      3
      Flag
    • Pownalld
      "Great place to live, great community, great neighbors , quiet area, great police department great for walks "
      4
      Flag
    • Boss
      "We live in a neighborhood with 8 homes and we all get along great! Wouldn’t want to live anywhere else!"
      1
      Flag
    • Amos L. N.
      "we have great schools and have neighborhoods.. sidewalks are everywhere for one to get around without having to walk rds"
      0
      Flag
    • Toothgurl0823
      "I love troutman NC. It is definitely a growing community. Many businesses are close by with job opportunities for everyone. Safe and quiet, a great place to raise children. "
      0
      Flag
    • Unspecified
      "You must own a car. Troutman is growing, but you still have to leave the town to get things you need. "
      1
      Flag
    • Tlpellein62
      "This is a very small town and people recognize each other when in the grocery store or at the park. Very family oriented with great family values. "
      1
      Flag
    • Paul C.
      "I live in Talley Ridge and it's a great neighborhood. Troutman is very convenient to live in. highways 77 and 40 are within 15 minutes. 20 minutues from lake Norman.10 minutes to Duke Power State park. love the small town that is starting to grow."
      0
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    • Cheryl G.
      "Living in Troutman is wonderful! If it just had bike lanes, it would be perfect . The Lake Norman State Park is a great place to take the family. Love it."
      0
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    • Connie H.
      "Growing quaint town. Great place for kids or retirement."
      2
      Flag
    • Jamie c.
      "The area is wonderful, peaceful and family oriented. We have not heard of or had any crime in our neighborhood. A few short minutes to the state park, with picnic and boat ramp access, walking trails and swimming. The area has great homes, many on the lake. This is the perfect neighborhood to start a family and or buy your first home."
      0
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    • Dd
      "Troutman offers a quiet residential area that is just minutes from the hustle and bustle of Mooresville. Easy access to freeways, many new neighborhoods, an up and coming area of Lake Norman."
      0
      Flag

    Market trends in Troutman

    Last updated August 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    —
    Sale-to-List Price
    —
    Price per sq ft
    —
    Available listings
    139
    1    MoM

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    Neill Farm Rd, Troutman, NC
    2.01
    Lot/Land
    $450,000
    10/03/25
    -
    -
    Cody Ct, Troutman, NC
    1.59
    Lot/Land
    $135,000
    05/29/26
    -
    -
    179 Streamwood Rd, Troutman, NC
    1.68
    Lot/Land
    $110,000
    05/29/26
    -
    -
    579 Hoover Rd, Troutman, NC
    2.05
    Lot/Land
    $168,500
    12/03/25
    -
    -
    154 Winford Rd, Troutman, NC
    2.33
    Lot/Land
    $298,000
    03/16/26
    -
    -
    154 Orchard Farm Ln, Mooresville, NC
    2.19
    Lot/Land
    $99,900
    12/09/25
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    182 Flower House Loop, Troutman, NC 28166
    0.08
    $330,900
    3
    2
    1,330
    Off Market
    159 Applehill Rd, Troutman, NC 28166
    0.16
    $274,200
    1
    1
    607
    Off Market
    291 Flower House Loop, Troutman, NC 28166
    0.36
    $271,400
    3
    1.5
    1,075
    Off Market
    208 Lipe Rd, Troutman, NC 28166
    0.36
    $194,000
    3
    1
    982
    Off Market
    124 Hawks Landing Dr, Troutman, NC 28166
    0.52
    $646,700
    4
    3
    2,816
    Off Market
    144 Hawks Landing Dr, Troutman, NC 28166
    0.56
    $415,000
    3
    2
    1,607
    Recently Sold
    131 Misty Spring Rd, Troutman, NC 28166
    0.59
    $326,300
    3
    2
    1,262
    Off Market
    113 Misty Spring Rd, Troutman, NC 28166
    0.59
    $324,900
    3
    2
    1,191
    Off Market
    351 Flower House Loop, Troutman, NC 28166
    0.61
    $1,900,000
    -
    -
    -
    For Sale
    354 Flower House Loop, Troutman, NC 28166
    0.63
    $183,300
    3
    1.5
    1,008
    Off Market
    141 Misty Spring Rd, Troutman, NC 28166
    0.64
    $312,700
    3
    2
    1,387
    Off Market

    Price and Tax history

    DateEventPrice
    Apr 30, 2026
    Source: Canopy MLS as distributed by MLS GRID #4376614
    		Listed For Sale
    $699,900
    Mar 13, 2026
    Source: Canopy MLS as distributed by MLS GRID #4296395
    		ListingRemoved
    $750,000
    Aug 27, 2025
    Source: Canopy MLS as distributed by MLS GRID #4296395
    		Listed For Sale
    $750,000
    Aug 23, 2024
    Source: Canopy MLS as distributed by MLS GRID #4049791
    		ListingRemoved
    $650,000
    Jul 16, 2023
    Source: Canopy MLS as distributed by MLS GRID #4049791
    		Listed For Sale
    $650,000

    LGBTQ Local Legal Protections

    Kristin Hildebrand, RE/MAX Properties Plus, Inc.
    Based on information submitted to the MLS GRID as of 2026-09-23 10:58:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

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    Frequently asked questions about 116 Lipe Rd

    • How big is 116 Lipe Rd?
      116 Lipe Rd in Troutman, NC is about 5.9 acres.
    • What is the price per acre for 116 Lipe Rd?
      116 Lipe Rd in Troutman, NC is listed at $699,900, or about $120K per acre.
    • What do residents say about Troutman?
      Residents describe Troutman, NC as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See homes for sale in Troutman, NC.
    • What are the closest schools to 116 Lipe Rd?
      The closest schools to 116 Lipe Rd in Troutman, NC are South Iredell High School (rated 5/10), Troutman Elementary School (Pre-K, rated 6/10), Troutman Middle School (rated 2/10).
    116 Lipe Rd, Troutman, NC 28166 is a lot/land. This property is currently available for sale and was listed by Canopy MLS as distributed by MLS GRID on Apr 30, 2026. The MLS # for this home is MLS# 4376614.