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Monday, April 18, 2022

Your Cornelius, NC Real Estate Questions Answered

Photo of Lake Norman in Cornelius North Carolina

Your Cornelius, NC Real Estate Questions Answered

Cornelius, NC, is a charming town with a lot to offer home buyers. Its proximity to Charlotte and Lake Norman makes it a popular commuter suburb. Inside the town, residents have ten public parks, a wide range of housing choices, abundant commercial and business sectors, and a championship golf course. 

If you’re thinking of making a home purchase in Cornelius, you’ll want to know all there is to know about the real estate market. Keep reading to answer some of the most commonly asked questions about Cornelius’ homes and property.

What is the average price of a home in Cornelius, NC?

The average price for a home in Cornelius, NC varies depending on location and size but typically ranges from around $200,000 to $600,000. The March median list price was $480,000 or $249 per square foot, with 87 homes for sale.

There are also a number of luxury properties available in Cornelius that can sell for much more. The top of the market in March 2022 was a $5 million waterfront custom home with two boat slips, a four-car garage, and over 8,000 sq ft.

The Cornelius housing market is steadily growing, with prices projected to continue rising in the years to come. Prices were up 20.5% from February 2021 to February 2022. Inventory is also low.

Are there any condos or townhomes available in Cornelius, NC? 

Yes, Cornelius has a good selection of condos and townhomes available for purchase. Multi-family options include age-restricted communities, waterfront condos, and villas. Prices for these properties started at $225,000 in March 2022 and went up from there. The most expensive condo was $1.5 million in the Watermark gated community with over 3,000 sq ft of space.

Over 35 condo and townhome communities were available in Cornelius in 2022. The total doesn’t include mixed-use residential communities like Jetton Cove and Oakhurst. Some communities to look at include Antiquity, Admiral’s Quarters, Marina Shores, Carrington Park, Edinburgh Square, Village at Kenton Place, and Windward Condominiums.

Are there any new developments or construction happening in Cornelius?

A lot of new development and construction is happening in Cornelius. New construction subdivisions as of 2022 were Baileys Glenn II, Beverly Subdivision, Cambridge Square, Kaneel Bay, The Retreat at West Catawba, The Reserve at Washam Potts, and Washam Potts Townhomes.

Cornelius is a good place to look if you’re interested in purchasing a home in a brand new subdivision or buying new construction.

What is the property tax rate for Cornelius, NC?

The current property tax rate in Cornelius is $.222 and for Mecklenburg County is $0.8157, for a combined $1.0379 per every $100 of taxable value on your home.

Is Cornelius, NC, a safe place to live?

Yes, Cornelius is a safe place to live, with a 1.5 per 1,000 residents reported crime rate. The town’s crime rate is lower than the North Carolina average. The community is considered very friendly and welcoming to newcomers.

What county is Cornelius, NC in?

Cornelius is located in Mecklenburg County, North Carolina, and part of the Charlotte Metropolitan Area. Over one million people live in the greater MSA. 

The area is part of North Carolina’s Piedmont region, with rolling hills and a temperate climate. The dammed Catawba River opened up opportunities for water recreation, like sailing, fishing, boating on Lake Norman, and whitewater rafting below the dam.

The county is considered a financial hub. Gold discoveries in the 1800s led to the US Mint establishing a branch in Charlotte. By the 2000s, it was home to two of the nation’s largest banking chains. Only New York City has a larger banking and financial sector. 

Mecklenburg is home to attractions like the Charlotte Bobcats, Carolina Panthers, and Charlotte Motor Speedway. It has numerous higher education centers, arts and cultural attractions, and recreational centers.

Is Cornelius, NC growing?

Yes, Cornelius is growing rapidly and is projected to continue doing so in the future. According to the 2020 Census, Cornelius had a population of 31,412 people. The town’s population added over 7,000 new residents in the past decade and is expected to rise.

What is the cost of living in Cornelius, NC?

Based on the Cost of Living Index, living in Cornelius is close to the US average. Overall, Cornelius scored 108.9, with housing being the most expensive cost, while all other categories were near the US average.

What neighborhoods are in Cornelius, NC?

There are more than 100 subdivisions in town, plus other neighborhoods.

The Peninsula, Heritage Green, and Antiquity are the largest single-family subdivisions based on the number of housing units.

The Peninsula is a well-known community, both for its golf course and luxurious homes on the waterfront. The country club has a ballroom and dining area. The Peninsula Yacht Club has 400 leasable boat slips.

Jetton Cove is another popular community as it is pedestrian-friendly and offers numerous lifestyle amenities nearby. The housing includes single-family and townhomes. Jetton Park has mountain bike trails, picnic shelters, tennis courts, and other activities.

Other popular neighborhoods in Cornelius include Norman Place, Oakhurst, and Robbins Park. These neighborhoods offer a variety of home styles and prices, making them perfect for nearly any home buyer. Each has a suite of amenities to appeal to various lifestyles, from nearby shopping to boat slips.

Are there any waterfront properties found in Cornelius, NC? 

Yes, Cornelius is home to many waterfront properties thanks to the creation of Lake Norman in 1963 which provided Cornelius about 70 miles of lakeside property. With five peninsulas within city limits, it has the largest amount of shoreline of all the lakeside towns. 

If you’re looking for a property with beautiful waterfront views, Cornelius is definitely the place to be. Communities to search for waterfront homes include, but are not limited to:

  • The Peninsula
  • Mountain View Beach
  • Bexley at Lake Norman
  • Alice Stough
  • Bahia Bay
  • Island Forest
  • Norman Colony
  • Rockridge Shores
  • Sterling Point

How is golf in Cornelius, NC?

Only one golf course is located in the town, but it’s well-known in the greater Charlotte metro.

The Peninsula Club is a luxurious country club located north of Charlotte, with first-rate country club facilities in a resort setting. Rees Jones designed the 18-hole course. The Peninsula Club runs Men’s, Ladies’ and Junior Golf Associations. The golf calendar is jam-packed with clinics, demo days, summer day camps, and lessons for all ages.

In 2000, the members purchased the Peninsula Club and established a more relaxed, resort-style atmosphere that includes activities for members of all ages, ranging from toddlers to our seasoned retired members. The member perks include programs, events, and services for members and guests. The Club’s professional staff runs a number of highly active junior golf and tennis programs.

Outside the town limits, find 27 golf courses within 20 miles.

Are there golf course communities in Cornelius, NC? 

Yes, Cornelius has a golf course community located within its borders. The Peninsula is a sprawling 700-home gated golf course community with waterfront homes. Members may use The Club all year. Both the golf and tennis communities are vibrant and active throughout the year. Furthermore, two dedicated Aerobics Studios and a Fitness Center allow members to stay in shape. 

The main clubhouse offers two restaurants, each with a lakefront terrace/patio. The Veranda is our adult-only dining area on the upper level, while Mulligan’s is a family-friendly bar-and-grill restaurant on the lower level. At the Peninsula Club, there is a dedicated children’s activities space with year-round programming so that youngsters may be active members of The Club. Members have access to the facilities every day of the year.

What areas are near Cornelius, NC?

Some of the closest areas to Cornelius include Huntersville, Davidson, and Mooresville. These towns offer a variety of shopping, dining, and entertainment options and are all just a short drive away.

Davidson is a lakeside town with a bike-friendly community and historic downtown. It’s home to Davidson College, whose alumni include NBA star Steph Curry. 

Mooresville is known as “Race City USA” and is home to two automotive and racing museums. Lowe’s Corporation and MacLean-Fogg are headquartered here. 

Huntersville is another lakeside town for outdoor recreation enthusiasts to enjoy boating, fishing, and swimming on Lake Norman. It has a children’s museum and a thriving dining scene.

Charlotte, the largest city in North Carolina, is about 20 miles south of Cornelius. The Queen City is a center for professional sports, performing arts, education, dining, and retail. If you’re looking for even more things to do, Charlotte is definitely the place to be. 

What to know about living in Cornelius, NC

Cornelius is a great place to live for anyone who wants a small-town feel with all the amenities of a big city. The town is growing rapidly and has a lot to offer its residents. From its beautiful waterfront views to its excellent golf courses, Cornelius will please everyone.

If you’re looking at living in Cornelius, contact a local real estate agent to find the right neighborhood for you. 

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Preston Guyton