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20927 bethelwood lane Corne...

Updated Sep 9, 2024

Waterfront Property In Cornelius, NC Sets Record With $6.8M Sale
SOLDSingle Family

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

About this deal

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

Lance Carlyle

Broker

$6.8M

vol

1 deal

Broker

Cornelius Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $6.8M for 5,781 square feet (2023).

Visit Ben Bowen to view all their deals.

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

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