Waterfront Property In Cornelius, NC Sets Record With $6.8M Sale
20927 bethelwood lane Cornelius, North Carolina 28031, USA
$6,800,000
$1,176/SF
Building Size
5,781 SF
Asset Type
Single Family
Closing
Jul 25, 2023
AI
An extraordinary waterfront property at 20927 Bethelwood Lane in Cornelius, NC has recently been sold, setting new records in the area. This single-family home boasts a total square footage of 5,781, making it the highest-priced home ever sold on Lake Norman per square foot. The property was sold for an impressive price of $6,800,000, equating to a price per square foot of $1,176.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $6,800,000
- Square Footage: 5,781
- Price per Square Foot: $1,176
- Address: 20927 Bethelwood Ln, Cornelius, NC
- Market: Cornelius, NC
This remarkable sale was facilitated by Lance Carlyle of Carlyle Properties, representing the buyer, and Ben Bowen of Sotheby's International Realty, acting as the seller's representative. The deal marks a significant achievement in the real estate market and underscores the demand for premium waterfront properties in the area.
Players
Cornelius Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93