18426 Peninsula Cove Lane, Cornelius, NC
$2,999,000 · 4 bedrooms · 4 baths · 5,127 sq ft · built 1994
Listing courtesy of Ivester Jackson Christie's (Charlie Zylstra). Listing data provided by Canopy MLS, deemed reliable but not guaranteed.
Located on a notably quiet street within The Peninsula, this 1994 European Contemporary serves as a significant canvas for those looking to influence the next chapter of a waterfront estate. Spanning 5,127 square feet, the four-bedroom residence emphasizes a lifestyle centered on Lake Norman, featuring a private dock and an expansive terrace equipped for outdoor dining. The architecture favors an open floor plan that flows naturally toward the water, while the lower level offers specific potential for expansion. Practical considerations for collectors include a three-car garage fitted with a hydraulic lift, and the property has secured preliminary HOA approval for a pool installation—a critical advantage in this submarket where permitting can be a lengthy hurdle. As inventory on prime Cornelius waterfront remains constrained, the value here lies in the rare combination of established location and the flexibility to modernize a legacy-scale home. Private viewings may be arranged through Peters & Associates.
About the home
Waterfront home with a private dock on one of the most prestigious and quietest streets in the Peninsula. Immaculately maintained, this home awaits your vision and personal touches to bring the home into the next chapter of its life. A European Contemporary with an open floor plan that leads to a terrace with water views and outdoor kitchen and dining. Preliminary pool approval from the HOA and room for expansion on the lower level. 3 car garage with hydraulic lift. A very short distance to the Peninsula Club (separate membership required) featuring golf, tennis, pickleball, swimming and fine dining. All amenities are a short distance away and downtown CLT and the airport just 35 minute drive away. For the discerning buyer with vision, this is a chance to reimagine or transform a remarkable lakefront property and craft it into your personal retreat.
Price in context
- Asking $585 per square foot.
- That is in line with the $587 median across 43 active $1.5M+ homes in Cornelius.
- 20th highest asking price of 43 active $1.5M+ homes in Cornelius.
- 16th largest by living area of the 43 with a recorded size.
- Reduced $300,000 (9.1%) from the original $3,299,000 asking price.
- 147 days on the market, listed 2026-04-30.
- County tax assessment $2,648,600; the asking price is 1.13× the assessed value.
- HOA dues $787 (semi-annually).
Location
Neighborhood: The Peninsula, Mecklenburg County, ZIP 28031.
Straight-line distances
- Uptown Charlotte: 17.1 mi
- Charlotte Douglas International Airport: 17.5 mi
- Wilson Air Center (private aviation, CLT): 17.9 mi
- Charlotte Country Club: 18.7 mi
- SouthPark Mall: 22.2 mi
- Quail Hollow Club: 25.1 mi
Assigned schools
- Elementary: Cornelius
- Middle: Bailey
- High: William Amos Hough
School assignments come from the listing and can change; confirm with the district.
Features
- Style
- Contemporary, European
- Levels
- Two
- Construction
- Hard Stucco
- Roof
- Composition
- Bathrooms
- 3 full, 1 half
- Basement
- Partially Finished, Walk-Out Access
- Fireplace
- Yes
- Interior
- Attic Stairs Pulldown, Open Floorplan, Storage, Walk-In Closet(s)
- Flooring
- Carpet, Tile
- Kitchen & appliances
- Dishwasher, Disposal
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Garage
- 3 spaces
- Parking
- Attached Garage, Other - See Remarks
- Exterior
- In-Ground Irrigation
- Waterfront
- Boat Lift, Dock
- View
- Golf Course, Water
- Lot
- Waterfront
- County
- Mecklenburg
Comparable homes on the market
- 19125 Peninsula Point Drive, Cornelius — $14,500,000, 6 bd, 12,002 sq ft, also in The Peninsula
- 18300 Scotscraig Lane, Cornelius — $2,775,000, 5 bd, 5,300 sq ft, also in The Peninsula
- 17626 Spinnakers Reach Drive, Cornelius — $1,675,000, 6 bd, 3,610 sq ft, also in The Peninsula
- 18416 Peninsula Club Drive, Cornelius — $2,160,000, 4 bd, 4,264 sq ft, 0.3 mi away
- 17532 Sail View Drive, Cornelius — $3,295,000, 5 bd, 5,718 sq ft, 0.3 mi away
- 17235 Connor Quay Court, Cornelius — $9,995,000, 6 bd, 14,587 sq ft, 0.5 mi away
See it privately
Nicholas and Miriam Peters show every home personally. Peters & Associates, 4401 Barclay Downs Dr #132, Charlotte, NC 28209. Office 704-264-4572. Request a private showing.