Tom Bramhall Of Ivester Jackson Christie's International Sells Waterfront Mansion In Cornelius For $15.25M
20221 Regatta Island Drive
$15,250,000
Building Size
—
Asset Type
Single Family
Closing
Jul 16, 2026
AI
A private island estate located at 20221 Regatta Island Drive in Cornelius, North Carolina, has sold for $15.25 million. This sale sets a new record for the highest-priced home in the state's history. The single-family property encompasses 12,400 square feet and features six bedrooms. It was completed in 2024 and is situated on its own island on Lake Norman.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $15,250,000
- Address: 20221 Regatta Island Drive
- Market: Cornelius, NC
- Broker: Tom Bramhall - Ivester Jackson Christie's International Real Estate
Tom Bramhall represented the seller in this high-profile transaction, which reflects a significant milestone in the North Carolina real estate market. The estate was listed by Ivester Jackson Christie's International, highlighting the collaborative effort behind the sale.
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93