$3,275,000
$25K PRICE DROP

20637 Island Forest Dr Cornelius, NC 28031

Estimated payment $19,277/month

Total Views 5,768
5 Beds
5.5 Baths
4,416 Sq Ft
$742 Price per Sq Ft

Highlights

  • Docks
  • Waterfront
  • Outdoor Fireplace
  • Bailey Middle School Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

Welcome to "On Island Time"! You don't have to go to the islands to enjoy the good life, you can get it right here on Lake Norman! This stunning 2-year-old custom home was built by award-winning ES Johnson Builders. Showcasing breathtaking open water views, this meticulously designed home features premium selections by the owner in collaboration with the builder including beautiful Moroccan Zellige tile in the kitchen. The expansive, open floor plan is perfect for entertaining, seamlessly connecting the drop-dead gorgeous kitchen, living & dining areas. Kitchen has Sub-Zero fridge & GE Monogram appliances & an expansive island which is ideal for gatherings w/family & friends. Luxurious primary suite w/sunset lake views, spa-like bath, & custom walk-in closet. 3-car garage offers room for your vehicles & your lake toys. At the end of a long day, simply unwind by watching the sunset from your covered porch or hop on your boat and go for a cruise on Lake Norman. It's a good life!

Listing Agent

Ben Bowen

Premier Sotheby's International Realty Brokerage Email: ben.bowen@premiersir.com License #225345

Premier Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,883

Year Built

  • Built in 2022

Lot Details

  • Waterfront
  • Level Lot
  • Irrigation
  • Property is zoned GR

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Hardboard

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Ceiling Fan
  • Mud Room
  • Living Room with Fireplace
  • Water Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Outdoor Shower
  • Docks
  • Covered patio or porch
  • Outdoor Fireplace

Schools

  • Cornelius Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Voluntary home owners association
  • Island Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-114-72

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,883

Year Built

Built in 2022

Lot Details

0

HOA Fees

$8 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 741.62
  • Geocode Confidence: High
  • Attribution Contact: ben.bowen@premiersir.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Drop Zone, Garden Tub, Kitchen Island, Open Floorplan, Storage, Walk-In Closet(s), Walk-In Pantry, Wet Bar
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2139
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 2277
  • Appliances: Bar Fridge, Dishwasher, Gas Range, Ice Maker, Microwave, Refrigerator
  • Above Grade Finished Sq Ft: 4416
  • Basement YN: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas, Living Room, Outside
  • Living Area: 4416
  • Bedroom Main: 1
  • Room Count: 19

Exterior Features

  • Exterior Features: Dock, In-Ground Irrigation, Outdoor Shower
  • New Construction: No
  • Construction Type: Site Built
  • View: Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Private, Boat Ramp – Community, Dock
  • Construction Type: Hardboard Siding
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 798
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage

Utilities

  • Heating: Forced Air
  • Sewer: Public Sewer
  • Laundry Features: Inside, Laundry Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 95
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Voluntary
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Association/Amenities

  • Association Annual Expense: 95.00

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Optional

Lot Info

  • Lot Features: Level, Views, Waterfront
  • Lot Size Area: 0.35
  • Lot Size Units: Acres
  • Parcel Number: 001-114-72
  • Zoning: GR
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

  • Elementary School: Cornelius
  • High School: William Amos Hough

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $11,883 $1,838,890 $950,000 $888,890
2022 $1,171 $139,600 $139,600 $0
2021 $3,356 $400,000 $400,000 $0
2020 $3,356 $400,000 $400,000 $0
2019 $3,356 $400,000 $400,000 $0
2018 $2,264 $210,000 $210,000 $0
2017 $2,248 $210,000 $210,000 $0
2016 $2,248 $210,000 $210,000 $0
2015 $2,217 $210,000 $210,000 $0
2014 $2,217 $210,000 $210,000 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2025 04/22/25 Price Changed $3,275,000 -0.8% $742 / Sq Ft
03/21/2025 03/21/25 For Sale $3,300,000 -- $747 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Deed History

Date Type Sale Price Title Company
Warranty Deed $975,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,660,000 New Conventional
Closed $565,000 Future Advance Clause Open End Mortgage
Previous Owner $175,000 Credit Line Revolving
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4235331

Canopy MLS (Canopy Realtor® Association)

APN: 001-114-72