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20700 Rio Oro Drive
20700 Rio Oro Drive
$1,160,000 (sales price - Mar, 2024)
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Cornelius, NC 28031 ▪  (MLS # 4059473)
Primary on Main  ▪   $541/Sq Ft
3 bed  ▪  2 full bath  ▪  2,143 Sq Ft
2-car garage  ▪   Built: 1976
20700 Rio Oro Drive
$1,160,000 (sales price - Mar, 2024)
Cornelius, NC 28031 ▪  (MLS # 4059473)
Primary on Main
3 bed  ▪  2 full bath  ▪  2,143 Sq Ft
2-car garage  ▪   Built: 1976
SOLD MAR 6, 2024
WATERFRONT
1 of 4 
SOLD MAR 6, 2024
1 of 4 
SOLD MAR 6, 2024
1 of 4 
SOLD MAR 6, 2024
1 of 4 
 
$1,160,000  (sales price)
3 bed  ▪  2 full bath  ▪  2,143 Sq Ft
20700 Rio Oro Drive
Cornelius, NC 28031 (MLS # 4059473)
.33 acres  ▪   Built: 1976  ▪   Primary Bedroom on Main
Subdivision: Bahia Bay
Cornelius, NC / 28031
Sale Details
Sales Price: $1,160,000
Closed: Mar 6, 2024 (48 days ago)
List Price: $1,195,000
Sold for: 97% of list price
Cumulative Days on Market: 7
Price/Sq Ft: $541
Remarks - 20700 Rio Oro Drive
(from previous listing) Back on the Market! No fault of the seller. Excellent location! EXIT 28 This property is a gem of a starter home in beautiful condition.Sellers have been devoted to this home and its upkeep. Move in ready or renovate in time. Bahia Bay, original Lake Norman Community.Quaint,MINIMAL HOA with a rustic charm. Several builders such as Simonini have recently built homes there. SUNSETS FOR DAYS! Unbelievable partial BRICK RANCH property on large lot.Slate entryway to this sweet lake cottage with an ...
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General Info - MLS # 4059473
Parking: Attached, Garage Faces Side, Parking Space(s)
Year Built: 1976
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .33 acres
Area Schools
9/10
Cornelius Elementary School
Distance: 1.9 mi
10/10
Bailey Middle School
Distance: 3.6 mi
10/10
William Amos Hough High School
Distance: 4.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.
Neighborhood Info
Subdivision: Bahia Bay
Community Features: Lake Access, Picnic Area, Recreation Area
Listing History
03/06/2024: MLS Sold for $1,160,000 (Canopy MLS)
Cumulative Days on Market: 7
More details

County Tax Data
2023 County Tax Assessment: $1,018,600
Next Mecklenburg County Tax Assessment: 2027
2023 Property Taxes: $6,627

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

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See Sold Homes in Bahia Bay
SOLD MAR 27, 2024
Sold for $398/Sq Ft & 99% of list
28 cumulative days on market
$985,000 (sales price)
4 bed  ▪  3 full bath  ▪  2,476 SqFt
21112 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.2 mi.

SOLD SEP 29, 2023
Sold for $517/Sq Ft & 99% of list
4 cumulative days on market
$907,500 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  1,755 SqFt
21208 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.2 mi.

SOLD JUL 24, 2023
Sold for $315/Sq Ft & 99% of list
9 cumulative days on market
$661,000 (sales price)
3 bed  ▪  2 full & 1 h. bath  ▪  2,100 SqFt
20807 Rio Oro Dr
Cornelius, NC 28031
Bahia Bay
0.1 mi.

Neighborhood Summary (single family)
Bahia Bay

Sales in:

Median $ / Sq Ft (single family)
Bahia Bay




28031 ZIP Code Trends
28031 ZIP Code Trends

OUR RATING: MODERATELY COMPETITIVE

In Our ZIP Code Analysis (updated daily), we found that 28031 is the 33rd most competitive area for buyers out of 66 ZIP codes analyzed in the Charlotte metro area.

In the 28031 ZIP code, for the past 90 days the following trends have occurred for previously owned homes listed in the Canopy MLS:

11
Median Days
Until Pending
Homes (that actually sold) went under contract after a median of 11 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 13 days on market.

23%
Of Recently Sold Homes
Over Asking Price
23% of previously owned 28031-area homes sold over the asking price (versus 28% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

47%
of Available Homes
Are Under Contract
47% of previously owned 28031-area homes are under contract – compared with 50% of all homes in the Charlotte metro area.

Price Per Square Foot Change
Period 28031 Area Metro Area
1-year - 5% + 2%
3-year +28% +27%
5-year +64% +66%
7-year +87% +91%
The price per square foot of 28031-area re-sale homes has increased by approximately 64% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $264 per square foot in 28031 over the past 90 days - as compared to $214 for the entire metro area.

11
Median Days
Until Pending

Homes (that actually sold) went under contract after a median of 11 cumulative days on market in the 28031 area. Compare this with the Charlotte metro area median of 13 days on market.

23%
Of Recently Sold Homes
Over Asking Price

23% of previously owned 28031-area homes sold over the asking price (versus 28% of all homes in the Charlotte metro area). See examples of sold homes selling over asking in 28031.

Price Per Square Foot Change
Period 28031
Area
Metro
Area
1-year - 5% + 2%
3-year +28% +27%
5-year +64% +66%
7-year +87% +91%

The price per square foot of 28031-area re-sale homes has increased by approximately 64% over the past 5 years (versus a 66% increase for the entire Charlotte metro area). Homes have been selling at a median of $264 per square foot in 28031 over the past 90 days - as compared to $214 for the entire metro area.

47%
of Available Homes
Are Under Contract

47% of previously owned 28031-area homes are under contract – compared with 50% of all homes in the Charlotte metro area.



Sale Details
Sales Price: $1,160,000
Closed: Mar 6, 2024 (48 days ago)
List Price: $1,195,000
Sold for: 97% of list price
Cumulative Days on Market: 7
Price/Sq Ft: $541
Remarks
(from previous listing) Back on the Market! No fault of the seller. Excellent location! EXIT 28 This property is a gem of a starter home in beautiful condition.Sellers have been devoted to this home and its upkeep. Move in ready or renovate in time. Bahia Bay, original Lake Norman Community.Quaint,MINIMAL HOA with a rust ...
Continue reading

General Info - MLS 4059473
Parking: Attached, Garage Faces Side, Parking Space(s)
Year Built: 1976
Master / Primary Bedroom: Main floor
Listing Status: Sold
Property Type: Single Family Home
Location: Cornelius / Mecklenburg County
Lot Size: .33 acres

Neighborhood Info
Subdivision: Bahia Bay
Community Features: Lake Access, Picnic Area, Recreation Area
Listing History
03/06/2024: MLS Sold for $1,160,000 (Canopy MLS)
Cumulative Days on Market: 7
More details

Area Schools
9/10
Cornelius Elementary School
Distance: 1.9 mi
10/10
Bailey Middle School
Distance: 3.6 mi
10/10
William Amos Hough High School
Distance: 4.0 mi

*School ratings sourced from CarolinaSchoolHub. To verify enrollment eligibility, please contact the school directly.


  More Home Details
  Map / Satellite View

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting an estimate on your home's value from one of our experienced agents


 



1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

Are You the Owner?

Inquire about getting an estimate on your home's value from one of our experienced agents




1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.

1% List Fee for Sellers

We offer full-service listing services for 1% when you buy and sell.
If you’re looking to sell a home in the Bahia Bay neighborhood, we’d be happy to discuss this with you. We can also assist homebuyers and sellers in neighborhoods nearby, including Torrence Chapel Estates, Country Club Shores, and Heron Harbor.



CDS Data Share Based on information submitted to the MLS GRID as of 04/23/2024. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2024 Canopy Multiple Listing Services, Inc. All rights reserved.