221 Malabar Drive
Troy, NC, 27371 $ 450,000
Bedrooms-- Baths0.0 Monthly Estimate*
$ 3,108
for $450,000. The lot size is 0.82.
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.
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FeaturesGeneralSewer Septic Needed Other - See Remarks
HOA Fee 965
View Long Range Water Year Round
Property Subtype Lot
Parcel Number 6588-07-69-6899
Waterfront Features Boat House Boat Lift Covered structure Boat Slip – Community Paddlesport Launch Site - Community
Community Features Clubhouse Game Court Gated Lake Access Outdoor Pool Picnic Area Playground Sport Court
Additional Parcels Description 6588-07-69-8770
Assoc Fee Paid Per Annually
County Montgomery
Property Type Land
HOA Y
Subdivision Name Carolina Forest
Possible Use Recreational Residential
Other Structures Gazebo
High School Unspecified
City Troy
Body of Water Lake Tillery
Association Name RealManage
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N Y
Lease Considered Y/N N
Standard Status Active
Restrictions Signage Square Feet Subdivision
Tax Assessed Value 195523
Listing Terms Cash Conventional Exchange
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ExteriorLot Features Sloped Wooded Views Waterfront
Water Source County Water
Lot Size Area 0.82
Lot Dimensions Approx. 85 ft of Waterfront
Road Surface Type Paved
Road Responsibility Private Maintained Road
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InteriorBelow Grade Finished Area 0
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* Excluded FeaturesList ByLake Tillery Properties LlcBroker
Affordability Calculator
- Monthly Principal & Interest
- $3,108
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyLots and land listings in Troy, NC
Average List Price $158,016
Percent of Sale Price 65%
About Troy, NC 3,418 Population
-1% Since 2002
$ 35,175 Median Income
39.3 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/12/2026 | $450,000 | | Listed Price |