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843 Morrison Farm Rd, Troutman, NC, 28166

4beds
4baths
4,077sqft
$2,799,995
$687price/sqft
$16,983/moest. monthly cost
$679,320/yrincome needed

About This Home

Waterfront living at its BEST! Panoramic water views from most rooms of this impeccably maintained home sitting in the midst of a garden-like lawnscape. Outdoor living areas include expansive covered veranda, deck and screened porch with low maintenance Trex material. All of this overlooking 140' of shoreline, stone retaining wall, lounging/picnic area and covered stationary boat slip with automatic lift. Hardwood floors throughout the spacious main level, primary suite situated away from high traffic area with huge bath featuring dual vanities, jetted tub, large custom tile shower and dual walk-in closets. Great room with wall of windows, coffered ceiling, stacked stone fireplace is an obvious "Welcome Home" once you walk through the main entrance of this beauty! The same wall of windows flows directly into the breakfast area and kitchen continuing to bring the outside in! Gourmet kitchen with built-in appliances, granite countertops including pass window to great room. Large laundry room, cabinets with counter space, great drop zone area, washer and dryer stays. Secondary bedroom on main level is currently used as a flex space, office, dining room...you decide! Lower level contributes two additional bedrooms, a safe room, great bar area for entertaining and large storage room for lake toys.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
34
BikeSomewhat Bikeable

Schools

6/10
2/10
Troutman Middle SchoolGrades 6-85.2 mi
4/10
South Iredell High SchoolGrades 9-1210.3 mi

Construction

Condition

  • Year built: 2007

Materials

  • Construction materials: Brick Partial,Fiber Cement,Stone

Type & Style

  • Home type: SingleFamily
  • Architectural style: Transitional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Exhaust Fan,Exhaust Hood,Gas Oven,Gas Range,Ice Maker,Microwave,Refrigerator with Ice Maker,Washer/Dryer
  • Laundry features: Electric Dryer Hookup

Bar Entertainment

  • Level: Lower

Basement

  • Has basement: Yes
  • Basement: Daylight,Exterior Entry,Full,Interior Entry,Walk-Out Access

Bathroom Full

  • Features: Walk-In Closet(s),Whirlpool
  • Level: Main

Bathroom Full

  • Level: Lower

Bathroom Full

  • Level: Lower

Bedroom S

  • Level: Main

Bedroom S

  • Level: Lower

Bedroom S

  • Level: Lower

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4
  • Main level bedrooms: 2

Breakfast

  • Features: Open Floorplan
  • Level: Main

Features

  • Kitchen Island,Open Floorplan,Walk-In Closet(s),Whirlpool
  • Door features: Insulated Door(s)
  • Window features: Insulated Windows
  • Flooring: Tile,Wood
  • Fireplace features: Gas Log,Great Room,Propane
  • Finished area below ground: 1,565
  • Finished area above ground: 2,512

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Ceiling Fan(s),Central Air,Electric,Heat Pump,Multi Units

Interior Area

  • Total structure area: 2,512
  • Total interior livable area: 4,077 sqft

Kitchen

  • Features: Kitchen Island,Open Floorplan
  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Lower

Other

  • Features: Ceiling Fan(s),Coffered Ceiling(s),Open Floorplan
  • Level: Main

Primary Bedroom

  • Features: Ceiling Fan(s)
  • Level: Main

Utility Room

  • Level: Lower

Property

Details

  • Parcel number: 4628893573.000
  • Zoning: R-20
  • Special condition: Standard
  • Other equipment: Generator
  • Horse amenities: None

Features

  • Levels: Two and a Half
  • Stories: 2
  • Patio & porch: Covered,Deck,Screened,Side Porch
  • Exterior features: In-Ground Irrigation
  • Has spa: Yes
  • Spa features: Heated
  • Has view: Yes
  • View description: Long Range,Water,Year Round
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Boat Lift,Covered structure,Personal Watercraft Lift,Pier,Retaining Wall,Dock,Waterfront
  • Waterbody name: Lake Norman

Lot

  • Lot size: 0.61 Acres
  • Features: Level,Wooded,Views
  • Lot size dimensions: RD 61 x 268 x WF 140 x 299

Parking

  • Total spaces: 6
  • Parking features: Attached Garage,Garage Door Opener,Parking Space(s),Garage on Main Level
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado

FEMA Declared Disasters in Iredell County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $14,158$169,896
Home Insurance *$1,025$12,300
Property Taxes $1,421$17,052
Electricity $379$4,556
Total$16,983$203,796
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$582,274/yr
40% on housing$509,490/yr
45% on housing$452,880/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.7%
15.7%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.7%
2.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$687This listing

vs Other Active Listings

Avg $/sqft

ZIP 28166$239
Iredell County$212

vs Homes Sold Last Month

Median $/sqft

ZIP 28166$179
Iredell County$191

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$2,925,000
2026-03-28Listed for sale$3,174,000
2012-07-31Sold$785,000
2012-06-15Price change$825,000
2012-05-11Price change$829,000
2012-02-16Price change$849,000
2011-06-18Price change$889,000
2011-05-12Price change$934,000
2011-02-19Listed for sale$985,000

For Sale by Agent

AgentKay Helms
BrokerageLake Norman Realty, Inc.

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