NOT LISTED FOR SALE

18742 Nautical Dr Unit 305 Cornelius, NC 28031

Cornelius Area

Estimated Value: $357,000 - $377,000

2 Beds
2 Baths
1,003 Sq Ft
2007 Built

Sale Details

Date Sold: January 16, 2026

Last sale price $350,000 $349 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,539 / mo

3 Days on Market

Highlights

  • Covered Dock
  • Pier
  • Waterfront
  • J.V. Washam Elementary School Rated 9+
  • Fitness Center
  • Open Floorplan

About This Home

As of January 2026

Luxury Lake Norman penthouse condo with ELEVATOR and WATER VIEWS awaits its next owner! Welcome to elevated lakefront living in this penthouse condominium on Lake Norman, offering breathtaking water views, elevator access, and unbeatable lifestyle location. Designed for effortless luxury, this light filled residence combines privacy, convenience, low maintenance living in one of the area's most desirable communities. The updated kitchen features modern finishes and thoughtful design, ideal for both everyday living and entertaining. Water views from the main living areas and primary bedroom keeps you feeling like you are on an endless vacation. The open layout flows seamlessly maximizing natural light throughout. Located just minutes from shopping, dining, and everyday conveniences. This beautiful condo offers the perfect balance of tranquility and accessibility. BONUS: the building is scheduled for an exterior facelift already paid for by the sellers through the HOA assessment. You will have enhanced curb appeal for years to come. Whether you are seeking a primary residence, second home, or investment opportunity, this Lake Norman penthouse condo delivers.

Last Agent to Sell the Property

Melody Fuhr

Howard Hanna Allen Tate Lake Norman Brokerage Email: melody.fuhr@allentate.com License #328507 Listed on: 12/17/2025

Howard Hanna Allen Tate Lake Norman

Last Buyer's Agent

Lori Russell

Howard Hanna Allen Tate Lake Norman License #291663

Howard Hanna Allen Tate Lake Norman

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Condominium

Year Built

  • Built in 2007

Lot Details

  • Waterfront
  • Lawn

HOA Fees

  • $344 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Entry on the 3rd floor
  • Slab Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 3-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Water Views

Kitchen

  • Breakfast Bar
  • Electric Cooktop
  • Microwave
  • Plumbed For Ice Maker
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Open Parking Spaces
  • Parking Lot

Outdoor Features

  • Pier
  • Covered Dock
  • Pond
  • Balcony
  • Covered Patio or Porch

Schools

  • J.V. Washam Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 001-487-47

Community Details

Overview

  • Main Street Mgmt Association, Phone Number (980) 920-8160
  • Cypress Point Condos
  • Admirals Quarters Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse
  • Elevator

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Year Built

Built in 2007

Lot Details

0 Sq Ft Lot

HOA Fees

$344 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Transitional
  • Year Built: 2007
  • Restrictions: Architectural Review,Rental – See Restrictions Description,Other - See Remarks
  • Restrictions Description: There is an 18 month waiting period for rentals, no short-term rentals! 30-pound max, non-aggressive-dog rule (per CCRs) for the community.
  • Road Surface Type: Asphalt, Paved
  • Unit Levels: Three
  • Ratio CurrentPrice/TotalPropertyHLA: 348.95
  • Geocode Confidence: High
  • Attribution Contact: melody.fuhr@allentate.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Slab
  • Entry Level: 3
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl
  • Interior Amenities: Breakfast Bar, Cable Prewire, Open Floorplan, Pantry, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1003
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 100
  • Sq Ft Unheated Total: 100
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Dryer, Electric Cooktop, Gas Water Heater, Microwave, Plumbed For Ice Maker, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1003
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Great Room
  • Living Area: 1003
  • Bedroom Main: 2

Exterior Features

  • Exterior Features: Elevator, Lawn Maintenance
  • New Construction: No
  • Roof: Architectural Shingle
  • Construction Type: Site Built
  • Pool Private: No
  • View: Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Beach - Private, Covered structure, Pier
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Balcony, Covered, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Parking Lot, Parking Space(s)

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Utility Room, Main Level
  • Cooling: Ceiling Fan(s), Central Air
  • Utilities: Cable Connected, Natural Gas, Underground Power Lines
  • Water Source: City

Condo/Co-op/Association

  • Community Features: Clubhouse, Elevator, Fitness Center, Outdoor Pool, Picnic Area, Playground, Pond, Recreation Area, Sidewalks, Street Lights, Tennis Court(s)
  • Association Fee: 343.65
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Cypress Point
  • Senior Community: No
  • Association Name: Main Street Mgmt
  • Phone: 980-920-8160
  • Association: Yes

Association/Amenities

  • Association Annual Expense: 4123.80

Schools

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

Lot Info

  • Lot Features: Level, Pond(s), Waterfront
  • Parcel Number: 001-487-47
  • Land Included Yn: 0
  • Additional Parcels: No
  • Zoning Specification: NR

Rental Info

  • Pets Allowed: Conditional

MLS Schools

  • Elementary School: J.V. Washam
  • High School: William Amos Hough

3D Interior and Exterior Tours

Floorplan

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 17, 2025
Closed on
Jan 3, 2026
Sold by
Ferrell Charlene and White Charlene Ferrell
Bought by
Seller's Agent
Melody Fuhr
Howard Hanna Allen Tate Lake Norman
Buyer's Agent
Lori Russell
Howard Hanna Allen Tate Lake Norman
List Price
$350,000
Sold Price
$350,000
Views
46
Current Estimated Value
$364,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,993
Avg. Annual Appreciation
7.12%

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 25, 2022
Sold by
Dean Ransom Gregory and Dean Lori K
Bought by
Ferrell Charlene and White Jacob
Seller's Agent
Nadine Wynn
Keller Williams Lake Norman
Buyer's Agent
Bobby Sisk
Nestlewood Realty, LLC
List Price
$380,000
Sold Price
$365,000
Premium/Discount to List
-$15,000
-3.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.18%
Original Mortgage
$354,050
Interest Rate
5.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 25, 2022
Closed on
Mar 21, 2022
Sold by
Regina Gillispie
Bought by
Ransom Gregory Dean and Ransom Lori K
Seller's Agent
Julie Joseph
Southern Homes of the Carolinas, Inc
Buyer's Agent
Michael Green
Ivester Jackson Christie's
List Price
$348,000
Sold Price
$359,000
Premium/Discount to List
$11,000
3.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%

Purchase Details

Listed on
Sep 21, 2021
Closed on
Oct 15, 2021
Sold by
Milazzo Frances Joan and Milazzo Nicholas J
Bought by
Gihispie Regina
Seller's Agent
Kris Kjeldsen
Ivester Jackson Christie's
Buyer's Agent
Julie Joseph
Southern Homes of the Carolinas, Inc
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.69%

Purchase Details

Listed on
Jun 13, 2019
Closed on
Jul 19, 2019
Sold by
Preston Kerry V and Preston Debbie W
Bought by
Milazzo Frances Joanne and Milazzo Nicholas J
Seller's Agent
Terrie Hayes
Harbor Realty, Inc
Buyer's Agent
Kris Kjeldsen
Ivester Jackson Christie's
List Price
$202,000
Sold Price
$193,000
Premium/Discount to List
-$9,000
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.60%

Purchase Details

Closed on
Dec 7, 2007
Sold by
Cypress Point Partners Llc
Bought by
Preston Kerry and Preston Debbie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,300
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Cornelius, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$350,000 Integrated Title
Ferrell Charlene $365,000 Baucom Claytor Benton Morgan &
Ransom Gregory Dean $359,000 Matheson Law Firm
Gihispie Regina $345,000 Southern Homes Title Inc
Milazzo Frances Joanne $1,930,000 Meridian Title Company Inc
Preston Kerry $140,925 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $354,050
Previous Owner Preston Debbie W $109,300
Previous Owner Preston Kerry $112,300
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/16/2026 01/16/26 Sold $350,000 0.0% $349 / Sq Ft
12/17/2025 12/17/25 For Sale $350,000 -4.1% $349 / Sq Ft
06/29/2022 06/29/22 Sold $365,000 -3.9% $365 / Sq Ft View Prior Sale
05/13/2022 05/13/22 For Sale $380,000 +5.8% $380 / Sq Ft
03/21/2022 03/21/22 Sold $359,000 +3.2% $356 / Sq Ft View Prior Sale
03/18/2022 03/18/22 Pending -- -- --
02/25/2022 02/25/22 For Sale $348,000 0.0% $345 / Sq Ft
02/24/2022 02/24/22 For Sale $348,000 0.0% $345 / Sq Ft
02/23/2022 02/23/22 For Sale $348,000 0.0% $345 / Sq Ft
02/21/2022 02/21/22 For Sale $348,000 +0.9% $345 / Sq Ft
10/15/2021 10/15/21 Sold $345,000 0.0% $342 / Sq Ft View Prior Sale
09/23/2021 09/23/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $345,000 0.0% $342 / Sq Ft
11/16/2020 11/16/20 Rented $1,275 0.0% --
11/02/2020 11/02/20 For Rent $1,275 0.0% --
07/19/2019 07/19/19 Sold $193,000 -4.5% $182 / Sq Ft View Prior Sale
07/03/2019 07/03/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $202,000 -- $191 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,290 $341,502 $341,502
2024 $2,290 $341,502 $341,502
2023 $2,251 $341,502 $0 $341,502
2022 $1,613 $185,300 $0 $185,300
2021 $1,554 $185,300 $0 $185,300
2020 $1,554 $185,300 $0 $185,300
2019 $1,588 $185,300 $0 $185,300
2018 $1,662 $151,600 $50,000 $101,600
2017 $1,647 $151,600 $50,000 $101,600
2016 $1,644 $151,600 $50,000 $101,600
2015 $1,617 $151,600 $50,000 $101,600
2014 $1,615 $151,600 $50,000 $101,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 4328729

Canopy MLS

APN: 001-487-47

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