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$450,000 Just Listed
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Property Description
A truly exceptional opportunity to own one of Lake Tillery's most captivating waterfront properties. Thoughtfully prepared for your future lakefront residence, this offering includes two lots, a cleared homesite, installed driveway, and a 4-bedroom perc permit. At the water's edge, a beautifully appointed gazebo creates an extraordinary outdoor living space, complete with a ceiling fan, lighting, rugs, pillows, and comfortable seating-an idyllic setting for morning coffee, sunset cocktails, or simply enjoying the tranquility of the lake. Expansive decking showcases sweeping views of Lake Tillery, the rolling peaks of Morrow Mountain State Park, and the scenic beauty of the Uwharrie National Forest. The private boathouse features a boat lift, storage area, and generous sun deck, offering the perfect place to boat, fish, swim, or unwind while taking in the breathtaking surroundings. Level terrain, mature shade trees, and a charming stone pathway enhance the property's inviting character. Whether you envision building a custom waterfront retreat or simply enjoying the remarkable amenities already in place, this property offers a rare blend of natural beauty, convenience, and lifestyle. In fact, the setting is so special, you may find yourself perfectly content spending every weekend in the gazebo, savoring the view while planning your dream home at your own pace.
Full Property Details
Full Property Details for 221 Malabar Dr
General
- Price: $450,000
- HOA FEE: $80/month
- HOA FEE FREQ.: Annually
- Status: Active
- Type: Lots/Land
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4390950
- Updated: 6/12/2026
- Added to Site: 1 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
Community
- Assoc. Name: RealManage
Utilities
- Sewer: Septic Needed, Other - See Remarks
- 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: 978-275
Listed 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 ATTOM Data Solutions 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
6/12/2026
Listed
$450,000
16.28%
MLS
1/22/2026
Sold
$387,000
—
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 221 Malabar Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
-100%
$195,523
—
2022
$1,202
—
$195,523
—
2021
$1,202
106%
$195,523
91%
2013
$583
—
$102,300
—
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 221 Malabar Dr
221 Malabar Drive, Troy, NC 27371 (MLS# 4390950) is a Lots/Land property with a lot size of acres. 221 Malabar Drive is currently listed for $450,000 and was received on June 12, 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.

