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$387,000
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Property Description
A rare opportunity on Lake Tillery! This exceptional waterfront lot comes ready for your dream home with a cleared homesite, installed driveway, and a 4-bedroom perc permit. The property includes two lots and a stunning gazebo that is fully appointed with ceiling fan, lamps, rugs, pillows, and seating all perched above the water for year-round relaxation. Step onto the decking and take in breathtaking views of Lake Tillery, Morrow Mountain State Park, and the Uwharrie National Forest. The boathouse is complete with a boat lift, storage, and expansive open decking, perfect for fishing, swimming, or simply soaking in the mountain and lake scenery. Level grounds with a stone path and shade trees make this retreat even more inviting. This is an unbeatable opportunity to create your lakefront sanctuary... yet the gazebo is so perfect, you may never want to build!
Full Property Details
Full Property Details for 221 Malabar Dr
General
- Sold For: $387,000
- HOA FEE: $80/month
- HOA FEE FREQ.: Annually
- Status: Closed
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4296009
- Added to Site: 159 day(s) ago
Additional Information
- Shared Amenities: Clubhouse, Game Court, Gated, Lake Access, Outdoor Pool, Picnic Area, Playground, Sport Court
- Pool: Yes
Location
- County: Montgomery
- Subdivision: Carolina Forest
Utilities
- Sewer: Septic Needed
- Water: County Water
Lot Features
- Lot Dimensions: Appro x . 85 ft of Waterfront
- Street/Road Desc.: Paved
- Lot Features: Sloped, Wooded, Views, Waterfront
Water Features
- Water Front Name: Lake Tillery
Financial Considerations
- Association Fee: $965
- Assoc Fee Freq.: Annually
- Terms: Cash, Conventional, Exchange
Disclosures and Reports
- Restrictions: Signage, Square Feet, Subdivision
- Property ID: 6588-07-69-6899
- Lot Number: 856-388
Listed and Sold by Lake Tillery Properties LLC
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Schools
Schools serving 221 Malabar Dr
School District:Montgomery County Schools
| Name | Grades | Distance |
|---|---|---|
Mount Gilead Elementary 100 South School Street, Mount Gilead, NC 27306 | PK-5 | 10.9 mi |
West Middle 129 NC Hwy 109S, Mount Gilead, NC 27306 | 6-8 | 6.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 221 Malabar Dr
Date
Details
Price
Change
Source
1/30/2026
Sold
$387,000
-3.01%
MLS
10/21/2025
Price Reduced
$399,000
-11.33%
MLS
8/29/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
221 Malabar Drive, Troy, NC 27371 (MLS# 4296009) is a Lots/Land property that was sold at $387,000 on January 30, 2026. Want to learn more about 221 Malabar Drive? Do you have questions about finding other Lots/Land real estate for sale in Troy? You can browse all Troy real estate or contact a Coldwell Banker agent to request more information.

