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$1,699,900
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Property Description
**NEW PRICE - $1,699,900!** Experience the space, privacy, and craftsmanship of a custom luxury home just minutes from Lake Norman. Built in 2023 and beautifully positioned on **1.4 private acres in Falls Cove at Parkwood**, this modern farmhouse offers the feel of a private retreat while remaining convenient to everything the Lake Norman area has to offer. Designed with both everyday living and entertaining in mind, the 4-bedroom, 4.5-bath home welcomes you with soaring ceilings, abundant natural light, Hallmark oak flooring, three fireplaces, and an open, flowing floor plan filled with elevated finishes. The **showpiece kitchen** anchors the main living space with an impressive 48" Wolf gas cooktop, 1,200 CFM commercial hood, 48" built-in refrigerator, custom cabinetry, oversized quartzite and quartz surfaces, and generous space for gathering. Open to the dining and living areas and overlooking the backyard, it's a kitchen designed to be as functional as it is beautiful. The **main-level primary suite** feels like a private retreat, complete with a spa-inspired bath featuring heated floors and a four-valve Moen smart shower system. A dedicated main-level office adds flexibility for working from home, while thoughtful details throughout include 8' solid-core interior doors, recirculating hot water, premium fixtures, and commercial epoxy garage flooring. Outside, the covered patio and **wood-burning fireplace** extend the living space into the peaceful backyard, creating the perfect setting for morning coffee, game days, dinner outdoors, or evenings by the fire. With 1.4 acres, there is room to create an incredible outdoor oasis, and the **seller is offering a pool allowance**, allowing the next owner to design a pool that complements both the home and their lifestyle. Nearly new construction, custom craftsmanship, acreage and an exceptional level of finish come together in one remarkable property. Convenient to **Lake Norman State Park, I-77, shopping, dining and recreation**, 116 Silver Falls Drive delivers the privacy and presence of a custom estate with the accessibility today's buyers are looking for.
Full Property Details
Full Property Details for 116 Silver Fls Dr
General
- Price: $1,699,900
- HOA FEE: $71/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4385765
- Updated: 8/15/2026
- Added to Site: 81 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Gas Log, Gas Unvented, Gas Vented, Gas Log, Gas Unvented, Gas Vented
- Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Double Oven, Exhaust Fan, Exhaust Hood, Gas Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Self Cleaning Oven, Tankless Water Heater, Wall Oven, Wine Refrigerator
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 4
- Half Bathrooms: 1
- Upper - Full Baths: 2
- Main - Full Baths: 2
- Main - 1/2 Baths: 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Upper: 3
- Bedrooms Main & Up: 1
Other Rooms
- Laundry: Laundry Room, Main Level
Exterior
- Exterior Features: In-Ground Irrigation
Parking
- Garage: Yes
- Garage Description: 750 Sq. Ft.
- Garage Spaces: 3
- Parking Features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Side, Keypad Entry
Location
- County: Iredell
- Subdivision: Falls Cove
School Information
- Elementary School: Troutman
- Middle School: Troutman
- High School: South Iredell
Community
- Assoc. Name: CSI Management
Heating & Cooling
- Cooling Type: Heat Pump, Zoned
- Heating Type: Heat Pump, Zoned
Utilities
- Sewer: Septic Installed
- Water: City
- Utility Description: Fiber Optics, Natural Gas, Underground Power Lines, Underground Utilities, Wired Internet Available
Structural Information
- Architectural Style: Arts and Crafts, Farmhouse, Modern
- Construction Status: Completed
- Construction: Site Built
- Exterior Const.: Brick Partial, Hardboard Siding
- Roof: Architectural Shingle, Metal
- Upper: 1,898 Sq. Ft.
- Main/1st Level: 2,728 Sq. Ft.
- Year Built: 2023
Lot Features
- Lot Dimensions: 252 x 327 x 169 x 277
- Street/Road Desc.: Concrete, Paved
- Lot Features: Corner Lot
- Rcmdd Zoning: RS-1
Financial Considerations
- Association Fee: $850
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Restrictions: Architectural Review, Building, Manufactured Home Not Allowed, Modular Not Allowed, Signage, Square Feet, Subdivision
- Property ID: 4730-12-4303-000
- Plat: 52/43
- Lot Number: 3014/556
Listed by RE/MAX A-Team
Get Pre-Approved Today
Schools
Schools serving 116 Silver Fls Dr
School District:Iredell-Statesville Schools
| Name | Grades | Distance |
|---|---|---|
Troutman Elementary School 220 South Main Street, Troutman, NC 28166 | K-5 | 2.9 mi |
Troutman Middle School 305 Rumple Street, Troutman, NC 28166 | 6-8 | 2.8 mi |
South Iredell High School 299 Old Mountain Road, Statesville, NC 28677 | 9-12 | 8.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Silver Fls Dr
Date
Details
Price
Change
Source
8/15/2026
Price Reduced
$1,699,900
-1.51%
MLS
7/14/2026
Price Reduced
$1,725,900
-1.37%
MLS
6/08/2026
Listed
$1,749,900
1.44%
MLS
8/29/2023
Sold
$1,725,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 116 Silver Fls Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,036
-30%
$1,179,680
-30%
2024
$18,567
1106%
$1,682,480
1102%
2023
$1,540
168%
$140,000
180%
2022
$574
—
$50,000
—
2021
$574
—
$50,000
—
2020
$574
129%
$50,000
122%
2017
$251
—
$22,500
—
2016
$251
5%
$22,500
—
2015
$240
-57%
$22,500
-55%
2019
$561
85%
$50,000
63%
2013
$303
—
$30,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 Silver Fls Dr
116 Silver Falls Drive, Troutman, NC 28166 (MLS# 4385765) is a Single Family property with 4 bedrooms, 4 full bathrooms and 1 partial bathroom. 116 Silver Falls Drive is currently listed for $1,699,900 and was received on June 08, 2026. Want to learn more about 116 Silver Falls Drive? Do you have questions about finding other Single Family real estate for sale in Troutman? You can browse all Troutman real estate or contact a Coldwell Banker agent to request more information.

