$3,399,000
UNDER CONTRACT $87K PRICE DROP

20931 Island Forest Dr Cornelius, NC 28031

Cornelius Area

Estimated payment $18,948/month

Total Views 4,201
5 Beds
3.5 Baths
4,382 Sq Ft
$776 Price per Sq Ft

Highlights

  • Covered Dock
  • Pier
  • Waterfront
  • Bailey Middle School Rated A-
  • Boat Lift
  • Open Floorplan

About This Home

This masterfully reimagined Lake Norman estate is a masterclass in "Classical Craftsman" elegance, blending timeless architectural detail with cutting-edge smart technology. From the moment you approach the Smart Door—which toggles between privacy and clear glass—it is evident that no detail has been overlooked. The home’s open-concept design is anchored by stunning white oak flooring and elevated by custom arches, built-ins, and solid-core shaker doors adorned with crystal knobs. At the heart of the residence, the chef’s kitchen serves as a culinary showpiece featuring specialty cabinetry, WiFi-enabled appliances, and a butler’s pantry with a convenient drawer microwave, while California Closets and full-house plantation shutters throughout provide both beauty and organizational bliss. The private sanctuaries within the home include a primary suite that acts as a true retreat, complete with a private fireplace and a spa-like bath equipped with a steam shower and an oversized soaking tub. The upper level is ideal for family or guests, offering three bedroom suites, a versatile loft, and an additional full bath. For hosting, the walkout lower level serves as the ultimate entertainment hub, boasting a second kitchen, a great room with a rugged stone fireplace, and a dedicated craft and laundry room, as well as a bedroom suite. This space flows seamlessly outdoors through panoramic glass sliding doors with integrated screens, leading to a multi-level paradise finished with bluestone patios, outdoor kitchen, and an expanded rear deck featuring recessed lighting. The property is a boater’s dream, featuring a private dock with a 10,000 lb boat lift, a brand-new floating jet ski dock, and access to the Island Forest private community boat ramp. The outdoor oasis is rounded out by a custom fire pit area and full property landscape and balcony lighting. Beyond its aesthetic appeal, the home is equipped with modern essentials and security, including a full-home sound system, HVAC air purification, a tankless water heater, and a comprehensive security system. Even the garage has been upgraded with epoxy flooring and a new smart opener, ensuring every inch of the estate is as functional as it is beautiful.

Listing Agent

Christy Walker

Premier Sotheby's International Realty Brokerage Email: christy@christywalker.com License #202446 Listed on: 04/24/2026

Premier Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 8,712 Sq Ft Lot
  • Waterfront
  • Irrigation
  • Wooded Lot
  • Property is zoned GR

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Carport Spaces
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Architectural Shingle Roof
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Recessed Lighting
  • Gas Fireplace
  • Plantation Shutters
  • Sliding Doors
  • Entrance Foyer
  • Great Room with Fireplace
  • Water Views
  • Walk-In Attic
  • Finished Basement

Kitchen

  • Walk-In Pantry
  • Butlers Pantry
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Soaking Tub
  • Steam Shower
  • Garden Bath

Laundry

  • Laundry Room
  • Electric Dryer Hookup

Outdoor Features

  • Pier
  • Boat Lift
  • Covered Dock
  • Deck
  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Gas Grill

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • Voluntary home owners association
  • Island Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 001-114-06

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

8,712 Sq Ft Lot

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2004
  • Road Surface Type: Concrete, Paved
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 775.67
  • Geocode Confidence: High
  • Attribution Contact: christy@christywalker.com
  • Special Features: UnderContract

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Walk In, Cable Prewire, Entrance Foyer, Garden Tub, Kitchen Island, Open Floorplan, Walk-In Closet(s), Walk-In Pantry
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1493
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 484
  • Sq Ft Unheated Total: 484
  • Sq Ft Upper: 1396
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Tankless Water Heater
  • Above Grade Finished Sq Ft: 2889
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1493
  • Door Features: Sliding Doors
  • Fireplace Features: Gas, Great Room
  • Living Area: 4382
  • Bedroom Main: 1
  • Bedroom Basement: 1

Exterior Features

  • Exterior Features: Fire Pit, Dock - Floating, Gas Grill, In-Ground Irrigation
  • New Construction: No
  • Roof: Architectural Shingle
  • Construction Type: Site Built
  • Pool Private: No
  • View: Water, Year Round
  • Water Body Name: Lake Norman
  • Waterfront Features: Boat Lift, Covered structure, Pier, Dock
  • Construction Type: Cedar Shake, Stone Veneer
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Door Opener, Garage Faces Front

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup
  • Cooling: Central Air
  • Utilities: Cable Available, Electricity Connected, Natural Gas
  • Water Source: City

Condo/Co-op/Association

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

Association/Amenities

  • Association Annual Expense: 95.00

Schools

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

Lot Info

  • Lot Features: Wooded, Views, Waterfront
  • Lot Size Units: Acres
  • Parcel Number: 001-114-06
  • Zoning: GR
  • Lot Size Acres: 0.2
  • Additional Parcels: No
  • Zoning Specification: GR

MLS Schools

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

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $10,813 $1,640,300 $950,000 $690,300
2024 $10,813 $1,640,300 $950,000 $690,300
2023 $10,813 $1,643,300 $950,000 $693,300
2022 $7,372 $878,800 $400,000 $478,800
2021 $7,412 $878,800 $400,000 $478,800
2020 $7,412 $878,800 $400,000 $478,800
2019 $7,406 $878,800 $400,000 $478,800
2018 $9,847 $910,700 $455,000 $455,700
2017 $9,775 $910,700 $455,000 $455,700
2016 $9,771 $910,700 $455,000 $455,700
2015 -- $910,700 $455,000 $455,700
2014 $9,629 $910,700 $455,000 $455,700
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
05/14/2026 05/14/26 Price Changed $3,399,000 -2.5% $776 / Sq Ft
04/24/2026 04/24/26 For Sale $3,485,900 +14.7% $796 / Sq Ft
02/07/2025 02/07/25 Sold $3,038,500 -6.5% $697 / Sq Ft View Prior Sale
12/30/2024 12/30/24 Price Changed $3,250,000 -3.7% $745 / Sq Ft
12/09/2024 12/09/24 Price Changed $3,375,000 -2.9% $774 / Sq Ft
11/13/2024 11/13/24 For Sale $3,475,000 +106.8% $797 / Sq Ft
09/01/2022 09/01/22 Sold $1,680,000 -0.9% $400 / Sq Ft View Prior Sale
07/30/2022 07/30/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $1,695,000 -- $403 / Sq Ft
Source: Canopy MLS

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 Type Sale Price Title Company
Warranty Deed $3,038,500 Investors Title
Warranty Deed -- None Listed On Document
Warranty Deed $1,680,000 --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Warranty Deed $196,000 --
Warranty Deed $133,000 --
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 Loan Amount Loan Type
Previous Owner $1,070,000 New Conventional
Previous Owner $483,884 Credit Line Revolving
Previous Owner $325,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $485,000 New Conventional
Previous Owner $175,500 Purchase Money Mortgage
Source: Public Records

Source: Canopy MLS

MLS Number: 4369971

Canopy MLS

APN: 001-114-06

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