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
Active
Price cut: $2M (2/24)
$7,500,000
228 Fern Hill Rd, Troutman, NC 28166
--beds
--baths
49.88Acres
Unimproved Land
Built in ----
49.88 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 162 days |
- 319 |
- 13 |
Zillow last checked: 7 hours ago
Listing updated: February 24, 2026 at 05:50pm
Listing Provided by:
Ken Ledbetter ken.lakenorman@gmail.com,
Lake Realty
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4311902
Facts & features
Property
Lot
- Size: 49.88 Acres
Details
- Additional parcels included: 4649540742, 4649550194, 4649550682
- Parcel number: 4649440247.000 +
- Zoning: RA
- Special conditions: Standard
Utilities & green energy
- Sewer: Septic Needed
- Water: Well Needed
Community & HOA
Location
- Region: Troutman
Financial & listing details
- Tax assessed value: $408,260
- Annual tax amount: $448
- Date on market: 10/10/2025
- Cumulative days on market: 510 days
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,338/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Price change | $7,500,000-21.1% |
Source:  Canopy MLS as distributed by MLS GRID #4311902 Report a problem | ||
| 10/10/2025 | Listed for sale | $9,500,000+2011.1% |
Source: Canopy MLS as distributed by MLS GRID #4311902 Report a problem | ||
| 8/19/2024 | Sold | $450,000-21.7% |
Source: Canopy MLS as distributed by MLS GRID #3919729 Report a problem | ||
| 3/25/2024 | Pending sale | $575,000 |
Source: Canopy MLS as distributed by MLS GRID #3919729 Report a problem | ||
| 5/16/2023 | Price change | $575,000-10.2% |
Source: Canopy MLS as distributed by MLS GRID #3919729 Report a problem | ||
| 11/5/2022 | Listed for sale | $640,000 |
Source: Canopy MLS as distributed by MLS GRID #3919729 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $448 | $65,760 |
| 2024 | $448 | $65,760 |
| 2023 | $448 +20.3% | $65,760 +32.1% |
| 2022 | $372 +1.1% | $49,780 |
| 2021 | $368 | $49,780 |
| 2020 | $368 +4.2% | $49,780 |
| 2019 | $353 -2.5% | $49,780 -4.2% |
| 2018 | $362 | $51,940 |
| 2017 | $362 | $51,940 |
| 2016 | $362 | $51,940 |
| 2015 | $362 -1.3% | $51,940 -8.5% |
| 2014 | $367 | $56,760 |
| 2013 | -- | $56,760 |
| 2012 | -- | $56,760 |
| 2011 | -- | $56,760 -2.1% |
| 2010 | -- | $57,990 |
| 2009 | -- | $57,990 +69% |
| 2008 | -- | $34,320 |
| 2007 | -- | $34,320 +10% |
| 2006 | -- | $31,200 |
| 2005 | -- | $31,200 |
| 2004 | -- | $31,200 |
| 2003 | -- | $31,200 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Neighborhood: 28166
Nearby schools
GreatSchools rating
- 6/10Lakeshore Elementary SchoolGrades: PK-5Distance: 3 mi
- 3/10Lakeshore Middle SchoolGrades: 6-8Distance: 3 mi
- 7/10Lake Norman High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Lakeshore
- Middle: Lakeshore
- High: Lake Norman
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 28166
- North Carolina
- Iredell County
- Troutman
- 28166
- 228 Fern Hill Rd
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