Keel Bay Homes for Sale
No homesCommunity Highlights
- Lake Norman waterfront homesites with dock/pier-friendly shoreline
- Large wooded lots with cove views and common green space
- Custom-build flexibility in a compact 17-acre enclave
- Close to Cornelius shopping, dining, and grocery options
* Based on what we noticed in listing details.
common open space · buffer area
* Based on what we noticed in listing details.
Architecture & Style
- Waterfront Homesites
- Dock/Pier Eligibility
- Lake Views
- Wooded Lots
- Custom Build Options
- Stone Seawalls
- Common Green Space
* Based on what we noticed in listing details.
Lots and Land in Keel Bay
Community Highlights
Keel Bay is a compact Lake Norman enclave in Cornelius built around waterfront homesites rather than standard subdivision lots. Its identity comes from cove frontage, wooded acreage, stone seawalls, and dock- or pier-friendly shoreline, all of which show up repeatedly in the property descriptions. Closed sales span from $635,000 to $3,800,000, with a median around $785,000 and an average near $1,570,500, reflecting the jump from homesite purchases to finished custom homes.
The strongest pattern here is customization. Some listings are for to-be-built homes or new construction, while others describe completed custom residences with open floor plans, main-level suites, screened porches, and high-end kitchen packages. One recent waterfront home was described on a 1.5-acre cul-de-sac setting with green space on one side and 100 feet of shoreline on the other, which captures the neighborhood's blend of privacy, views, and direct lake access.
Amenities & Lifestyle
Keel Bay reads as a small shoreline community with built-in breathing room. The record repeatedly references 12 waterfront homesites, 17 acres of land, and 3 acres of common open space or buffer area. Long-range lake views, wooded lots, and cove settings are common themes, and several properties mention dock or pier eligibility, private boat ramps, or room for a dock. Cinnamon Tree Lane carries the broadest lot sizes, while Hansels Way and Norman Colony Road anchor several of the higher-priced waterfront homes.
The physical appeal is straightforward: waterfront access, large lots, and room to build a custom home that fits the site. The market shows a wide spread between entry lots and completed homes, but the shared language stays consistent around water, views, and shoreline improvements.
These insights are based on listing details and are informational only; verify details for any specific property.
Market Trends
Buyers have more negotiating power. Properties may take longer to sell.
Need more data to compare year-over-year






Recently Sold Properties
| Property | Sold Date▼ | Sale Price↕ | DOM↕ | LP/SP↕ | Size↕ | $/SF↕ |
|---|---|---|---|---|---|---|
![]() SOLD 20911 Cinnamon Tree Lane 5 bed4 bath | Jul 14 2023 | $3.55M | 239 | 93% | 5123 sq ft | $693 |
3+ year gap in market activity | ||||||
![]() SOLD 20142 Walter Henderson Road | Mar 30 2020 | $767,500 | 112 | 🎯100% | — | — |
![]() SOLD 20542 Hansels Way 6 bed4 bath | Mar 12 2020 | $2.02M | 125 | 96% | 5144 sq ft | $394 |
8 month gap in market activity | ||||||
![]() SOLD 20925 Cinnamon Tree Lane | Jul 9 2019 | $725,000 | 179 | 97% | — | — |
![]() SOLD 20534 Hansels Way | May 22 2019 | $785,000 | 377 | 🎯100% | — | — |
11 month gap in market activity | ||||||
![]() SOLD 20315 Norman Colony Road 5 bed4 bath | Jun 22 2018 | $1.69M | 449 | 97% | 4954 sq ft | $340 |
6 month gap in market activity | ||||||
![]() SOLD 20305 Norman Colony Road 5 bed4 bath | Dec 16 2017 | $1.56M | 515 | 98% | 4839 sq ft | $322 |
1+ year gap in market activity | ||||||
![]() SOLD Lot 4 Cinnamon Tree Lane | Nov 17 2016 | $655,000 | 199 | 🎯102% | — | — |
![]() SOLD 20925 Cinnamon Tree Lane | Nov 14 2016 | $715,000 | 199 | 🎯101% | — | — |
![]() SOLD 20911 Cinnamon Tree Lane 6 | Nov 14 2016 | $760,000 | 202 | 🎯101% | — | — |
5 month gap in market activity | ||||||
![]() SOLD Lot 3 Norman Colony Road | Jun 17 2016 | $625,000 | 60 | 98% | — | — |

20911 Cinnamon Tree Lane
$3,550,000

20142 Walter Henderson Road
$767,500

20542 Hansels Way
$2,025,000

20925 Cinnamon Tree Lane
$725,000

20534 Hansels Way
$785,000

20315 Norman Colony Road
$1,685,000

20305 Norman Colony Road
$1,560,498

Lot 4 Cinnamon Tree Lane
$655,000

20925 Cinnamon Tree Lane
$715,000

20911 Cinnamon Tree Lane 6
$760,000

Lot 3 Norman Colony Road
$625,000
Market Statistics
The Keel Bay real estate market shows buyer's market conditions. Homes typically sell within 199 days. With 0 active listings and 0 homes sold in the past year, Buyers have more negotiating power and time to decide.
Pricing
Median Price:$785,000
Average Price:$1,570,500
Property Details
Avg Bedrooms:5.3
Avg Bathrooms:4.0
Avg Lot Size:1.11 acres
Market Activity
Active Listings:0
Sold Last Year:0
Median Days to Sell:199 days
Community Info
Median Year Built:2019
New Construction:0%














