Property Attributes
- ID#4394487
- TypeSingle Family
- Listing Status Active
- CountyIREDELL
- CityTroutman
- AreaIredell County
- NeighborhoodFalls Cove at Lake Norman
- Zip28166
- Style
- Year Built2021
- Price$ 485,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms1
- Sqr Footage2637
- Lot Size0.32 Acres
Data Source:
Canopy MLS
Property Description
RARE CORPORATE RENTAL & INVESTMENT OPPORTUNITY | FALLS COVE 119 Port Bow Drive is a rare opportunity to acquire one of a limited number of rental-approved homes in Falls Cove, with an established three-year history of renters. This property is ideally suited for corporate housing, executive rental, or long-term investment use in the Lake Norman Market. Its proven rental history provides investors with actual operating experience rather than simply projected rental potential. Recent improvements include new carpeting, fresh interior paint, irrigation, landscaping, fencing, exterior lighting, updated blinds, and a newer refrigerator, reducing near-term capital requirements. Conveniently located near Lake Norman, Charlotte, Mooresville, major employment centers, shopping, dining, and transportation. Limited rental inventory, established rental history, corporate-housing potential, and recent improvements make this a compelling residential investment asset. Offered at $485,000
| Elementary School | Middle School | High School |
|---|---|---|
| Troutman Elementary School | Troutman Middle School | South Iredell High School |
| Price History | |
|---|---|
| 6/17/2026 | Listed $479,000 |
| 6/30/2026 | 3$469,000 |
| 7/25/2026 | 1$464,900 |
General Features
| Living Area | 2637 |
|---|---|
| Sewer | Public Sewer |
| Heating | Forced Air,Natural Gas |
| Cooling | Central Air |
| Appliances | Dishwasher,Disposal,Gas Cooktop,Gas Oven,Gas Range,Ice Maker,Microwave,Refrigerator |
| Zoning | CZ |
| Garage Spaces | 2 |
| Construction Materials | Fiber Cement |
| Pets Allowed | Yes |
| Year Built | 2021 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Parcel Number | 4730-97-2324.000 |
| Waterfront Features | None |
| County | Iredell |
| New Construction | No |
| Property Type | Residential |
| HOA | Yes |
| Subdivision Name | Falls Cove at Lake Norman |
| Garage Y/N | Yes |
| Full Baths | 3 |
| Directions | Drive south on Wagner St. Left to Autumn Leaf Road. Right to Falls Cove Drive. Left to Port Bow Drive. Right to Slip Shot Lane. Property is on the right. |
| High School | South Iredell |
| City | Troutman |
| Senior Community Y/N | No |
| Lot Size Units | Acres |
| Carport Y/N | No |
| Elementary School | Troutman |
| Middle/Junior High School | Troutman |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| CAR_HOASubjectTo | Required |
| Construction Type | Site Built |
| Tax Assessed Value | 4942 |
| Listing Terms | Cash,Conventional,FHA,VA Loan |
Interior Features
| Fireplace Features | Family Room,Gas Vented |
|---|---|
| Basement (Y/N) | No |
| Fireplace Y/N | Yes |
| Above Grade Finished Area | 2637 |
| Half Baths | 1 |
| Laundry Features | Inside |
| Total Bedrooms | 4 |
| Total Baths | 4 |
| SqFt Main | 1319 |
| SqFt Upper | 1318 |
| Bedroom | 1 |
Exterior Features
| Parking Features | Attached Garage |
|---|---|
| Water Source | City |
| Lot Size Area | 0.32 |
| Foundation Details | Slab |
| Road Surface Type | Concrete,Paved |
| Road Responsibility | Dedicated to Public Use Pending Acceptance |
| Main Level Garage YN | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
High Country Association of REALTORS (HCAOR) © Information is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. Last Update: September 16, 2026 8:00 AM UTC