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    228 Fern Hill Rd Troutman, NC 28166

    For Sale
    $9,500,000

    LAND - Troutman, NC

    Lot size:
    49.88 Acres
    Days on Market:
    56
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 228 Fern Hill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RA
    APN
    4649-44-0247.000 +
    Lot size
    49.88 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    Lake Realty of Charlotte Lake Norman NC Inc DBA Lake Realty (704) 892-6350 [email protected]

    Listing agent Ken Ledbetter (704) 775-3329

    Listing date Oct 11, 2025

    MLS# 4311902 Listing URL

    Copyright © 2025 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land in Gated Community

    This 49.88-acre property is planned for a 45-48 lot subdivision, Hobbs Creek Reserve, with minimum lot sizes of 0.60 acres, some approaching 1 acre. Located in Troutman, NC, the exclusive gated community benefits from no city taxes and inclusion in the Mooresville School District. The development features installed roads with road base currently being installed. Perc testing and final surveying of the lots are scheduled. An additional 25 acres are allocated for future phases 2 and 3. The entrance will be marked by 21 brick columns with black wrought iron fencing and two 14 ft drive-through gates. The community is anticipated to be completed in the next few months and will operate under a Homeowner's Association (HOA) with restrictions on house design and minimum square footage. The property is zoned RA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Hotel & Motel Auto Parts Store Food Market Garden Center Discount Store Electronics Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troutman
    County
    Iredell
    State
    North Carolina
    Longitude
    -80.878797
    Latitude
    35.651375

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    FAQs

    What type of property is this?
    Residential land & home lot - 49.88 acres for a 45-48 lot subdivision near Mooresville.
    Where is this residential land & home lot located?
    The property is located at 228 Fern Hill Rd Troutman, NC.
    What is the asking price?
    The asking price for this property is $9,500,000.
    What are key features of this property?
    This property features: - Exclusive gated community with LARGE LOTS (minimum .60 acres, some close to 1 acre).; - No city taxes and located in the desirable Mooresville School District.; - Infrastructure is already underway: roads installed, road base being installed, perc testing and surveying in progress.
    (704) 775-3329
    Request Owner's contact information
    228 Fern Hill Rd Troutman, NC 28166
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    Troutman, NC 28166
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    228 Fern Hill Rd Troutman, NC 28166
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