tomo logo

$3,425,000

Beds
4
Baths
3.5
sq ft
3,600

20601 Island Forest Drive, Cornelius, NC 28031

20601 Island Forest Drive

Cornelius, NC 28031

  • 16 days on market
Welcome to this exquisite Lake Norman waterfront retreat nestled in the heart of Cornelius. This luxurious 4-bed, 3.5-bath beauty, built in 2020, offers an unparalleled blend of modern design and serene lakefront living. As you enter, you're greeted with an open floor plan bathed in abundant natural light. The living, dining, kitchen and keeping rooms seamlessly make up the main living areas. Main-level primary suite boasts a spa-like bath and a private deck where you can soak in sunset views over the lake. Additional main-level amenities include a bar with a beverage fridge, drop zone, and laundry room. Upper level offers a versatile loft, 3 beds, 2 full baths, and a large flex/bonus room. Step outside to your own backyard oasis where a saltwater pool. Private stationary dock with a boat lift, level spacious yard with meticulous landscaping, 2 car attached garage, prime location. This home epitomizes luxury and tranquility, making it an incredible Lake Norman gem!

Details

Property type

Single Family Residence

Est. home value

$2,315,129

Lot size

Unknown

Price per sq ft

$952

Year built

2020

Monthly HOA fee

$7.92

Price History

03/20/2025
CanopyMLS

CanopyMLS #4232070

Listed
$3,425,000
+511.61%
07/31/2014
CanopyMLS

CanopyMLS #3010801

Sold
$560,000

Schools & Community

Elementary school: 

Cornelius

Middle school: 

Bailey

High school: 

William Amos Hough

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Truist Bank

Loan start date

February 2021

Original loan amount

$50,000

Est. remaining balance

Not provided

Interest rate

2.79%

Loan type

Credit Line (Revolving), 30 year

Seller

Linda K Merrill and Joseph Scott Thomson

Lender

First Bank

Loan start date

October 2020

Original loan amount

$510,400

Est. remaining balance

$460,755

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Linda K Merrill and Joseph Scott Thomson

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 2:30 PM

Listing updated: 03/20/2025 at 2:23 AM

Listed by: Nicole Leininger, Ivester Jackson Distinctive Properties Phone #: (980) 435-5169

MLS: CanopyMLS #4232070

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