Lake Norman's Troutman NC is a Real Estate Hot Spot!

The small Town of Troutman, NC which sits along the northeastern shore of Lake Norman has been discovered in a very big way. As I mentioned in my previous article, where Crescent Homes goes so goes the focus of growth around Lake Norman. In October of last year, Crescent Homes opened sales at their latest housing development, Falls Cove, a 900-home, high-end subdivision in Troutman. Here's why:

Located just north of Mooresville along Lake Norman between exit 42 and 45 on the I-77, Troutman is considered to be a reasonable commuting distance to not just Charlotte but Greensboro and Winston Salem. It truly is at the very center of our rapidly growing economic region.

Besides the numerous housing developments cropping up off Perth Road on up to Lake Norman State Park, there are significant retail developments, particularly at Exit 42 where Lowe's Home Improvement opened in October and where a hotel, restaurant and Wendy's will follow later this year. Following these are plans for the Troutman Town Center, the Troutman Commons and others. A total of 6 sizable commercial developments have applied for water and sewer. As the Statesville Record & Landmark said last Sunday: "It is hard to miss the fact that Troutman's retail and commercial sector is on the brink of busting wide open."

ABOUT TROUTMAN

A bit of History:

• Mrs. Anne Troutman moved her family to Charlotte and Perth Church Road in 1853
• Thanks to the railroad between Charlotte and Statesville which was built in the late 1850's, a depot was built in Troutman and it was literally put on the map.
• Until about 5 years ago, Troutman was a small town known for it's strong sense of traditions, history, friendly residents, country roads leading to croplands, dairy farms and open spaces.

Today:

• Troutman has a population of about 1749 people.
• The small downtown along NC 21 is pretty much unchanged
• They pride themselves on their friendly neighbors, safe, walkable streets, work ethic, "our sense of belonging and pitching in, our schools and our magnificent natural surroundings."

Just the Facts:

• Troutman is an incorporated town located in the middle of Iredell County NC
• They have their own Troutman Police Department
• Their Troutman Volunteer Fire Department is a full-spectrum Fire and Rescue Agency
• Public schools include: Troutman Elementary School (Grades K-5), Troutman Middle School (Grades 6-8) and South Iredell High School (Grades 9-12) plus excellent private schools.
• Demographics, weather more data available at city-data.com

Lake Norman State Park

One of the true jewels of Lake Norman, the Lake Norman State Park, is located in Troutman. In incredible 1,328 acres along the shoreline of Lake Norman, the park offers myriad recreational opportunities including mountain biking, hiking, walking trails, kayaking, public boat ramps and the only public beach on Lake Norman.

New or Newer Residential developments in Troutman include:

• Falls Cove
• Winding Forest (Club House, Lake, Pool, Recreation Area)
• Allendale Point (Lake)
• Sunset Bay (Lake)
• Wildlife Bay (Lake, Playground, Recreation Area, Walking Trails)
• Barium Springs Village
• Martha's Vineyard
• Talley Ridge
• Jacob Woods (Recreation, Walking Trails)
• Twin Creek Estates

Residential Real Estate Statistics:

• Average Price of Active Listings: $473,187
• Average Sales Price in 2007: $236,500 (from $30,500 to $1,450,000!)

RELATED ARTICLES

How to Predict the Next Lake Norman Real Estate Hot Spots

Greater Lake Norman Growth and Development Update

Lake Norman Growth and Development: What's in the Pipeline Part 1

Lake Norman Growth and Development: What's in the Pipeline Part 2

Booming Lake Norman Growth: The Growing Dilemma