228 Fern Hill Road, Troutman, NC
$6,900,000
Listing courtesy of Lake Realty (Ken Ledbetter). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
Hobbs Creek Reserve represents a rare scalable opportunity within the Iredell County corridor, offering thirty-six residential lots across a landscape defined by significant acreage and controlled privacy. Located in Troutman and served by the Mooresville Graded School District, this gated enclave emphasizes exclusivity through substantial lot sizes, ranging from 0.60 to over an acre. The infrastructure is currently in a state of advanced maturation, with internal roads established and a sophisticated perimeter featuring twenty-one brick columns and wrought iron fencing nearing completion. A serious developer or private investor will note the strategic advantage of the project's tax status; the absence of city taxes provides a compelling fiscal narrative for future custom builds. With seventeen lots already identified for four-bedroom residences and an additional twenty-five acres available for subsequent phases, the development offers a level of continuity rarely found in the current submarket. Those seeking to acquire the project in its entirety or secure individual holdings may coordinate a private review of the site and soil reports through Peters & Associates.
About the home
HOBBS CREEK RESERVE !!! This is a 36 lot Subdivision with minimum lot size of .60 acres. Some lots will be close to 1 + acre. This will be a very exclusive Gated Community with no City Taxes and Mooresville School District as a bonus. The roads are already installed, and road base is being installed now. Lots are getting perc tested in the next 2 weeks and final surveying will be done also. We have additional 25 acres for phase 2 & 3 coming next. We are installing 21 brick columns with Black wrought iron fencing with two 14 ft drive through gates. We prefer to sell to one builder but will sell multiple lots or individual lots if needed. The community will be completed in the next few months max. This will be a HOA community with restrictions on house design and Sf Min. Soil reports show 17 four bedrooms and 17 three bedroom homes. Lot sizes vary
Price in context
- Highest asking price of 18 active $1.5M+ homes in Troutman.
- Reduced $2,600,000 (27.4%) from the original $9,500,000 asking price.
- 333 days on the market, listed 2025-10-10.
- County tax assessment $408,260; the asking price is 16.90× the assessed value.
Location
Straight-line distances
- Uptown Charlotte: 29.4 mi
- Charlotte Douglas International Airport: 30.4 mi
- Charlotte Country Club: 30.6 mi
- Wilson Air Center (private aviation, CLT): 30.8 mi
- SouthPark Mall: 34.5 mi
- Quail Hollow Club: 37.6 mi
Assigned schools
- Elementary: Lakeshore
- Middle: Lakeshore
- High: Lake Norman
School assignments come from the listing and can change; confirm with the district.
Features
- County
- Iredell
Comparable homes on the market
- 115 Orchard Farm Lane, Mooresville — $1,170,000, 4 bd, 4,399 sq ft, 0.5 mi away
- 120 Shady Cove Road, Troutman — $1,600,000, 4 bd, 3,363 sq ft, 1.2 mi away
- 110 Zwilling Court, Troutman — $3,350,000, 5 bd, 6,617 sq ft, 1.4 mi away
- 125 Quiet Waters Drive, Mooresville — $10,995,000, 8 bd, 9,857 sq ft, 1.5 mi away
- 168 Blue Ridge Trail, Mooresville — $1,050,000, 4 bd, 4,033 sq ft, 1.8 mi away
- 937 Fern Hill Road, Mooresville — $2,200,000, 4 bd, 8,728 sq ft, 1.8 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.