Archives for August 2013

800 Homes coming to Lake Wylie

Real estate investors are planning an 810-home, 670-acre development in Gaston County on a largely undeveloped peninsula just outside Belmont.

The project, which would cover five miles of Lake Wylie shoreline, was first shown to Belmont’s planning and zoning board last week. The land is the former home and cattle farm of Daniel Stowe and is next to the 380-acre Daniel Stowe Botanical Garden.

It’s the second planned development for the tract of land at South New Hope Road and Lower Armstrong Road in the last five years: A previous, 1,900-home, mixed-use development fell through during the recession.

“It is certainly the biggest since the recession” in Belmont, said assistant city manager Adrian Miller.

The land for the proposed development must be annexed by the city of Belmont and needs utility service.

The annexation process is expected to start next month at the Sept. 3 Belmont City Council meeting, and could conclude by November, Miller said.

The earliest the project could win rezoning approval is the Nov. 4 council meeting.

New York-based Northwood Investors, a $3 billion real estate investment and management firm, is behind the development.

The company also bought The Vue Charlotte, an uptown building that was formerly condominiums, in foreclosure last year. The company converted The Vue to apartments.

“This is an opportunity to invest in a parcel of land that simply cannot be replicated,” said Steven Hinshaw, a Charlotte-based development partner affiliated with the project, in a statement.

“We look forward to creating a community that is friendly to the environment, offering generous open space, access to the lake and active recreation areas.”

Dealing with pollution

Sediment pollution has been an issue on Lake Wylie. Some homeowners say streams of runoff flowing from construction sites are to blame.

Miller said that the development will include required environmental protections to preserve water quality, such as buffer space along the waterfront.

He said the development could also use low-impact designs requiring less grading and less clearing, and includes open spaces and stormwater retention features.

Kara Newport, the Daniel Stowe Botanical Garden’s executive director, said the proposed development is “in line with the vision” of the garden, and will be “low impact.”

 

 

Real Estate Company opens at Lake Wylie

Published: Tuesday, Aug. 13, 2013 / Updated: Tuesday, Aug. 26, 2013 01:12 PM

Real estate company opens at Lake Wylie

By John Marks – jmarks@lakewyliepilot.com

Don Stephens has decades of experience selling local real estate including two dozen years in the building where he is now, and even he was surprised at what he saw when Lake Wylie Realty opened.

Foot traffic – something increasingly less common in the online world of real estate. Stephens and partner David McCorkle chalked it up to their location’s long history of selling properties along the lake.

“This is a great place to do business,” Stephens said.

                       

The pair recently opened Lake Wylie Realty in what was for years the First Properties of the Carolinas space in the Wilkerson Building. Before that, First Properties was River Hills Realty. Stephens worked for the business under both names, then for another agency when First Properties moved out in 2011.

Now he feels back home in the office that was designed to sell real estate, and at home with an improving selling market.

“We feel like there’s been a turn,” Stephens said.

McCorkle began in residential real estate in 1978 before going into real estate development and planning. Now the lifelong area resident, who built his own home on the lake, wants to end his career where he started it.

“Our main product is going to be waterfront properties in North and South Carolina,” he said. Eventually we’ll get into doing more commercial.”

River Hills, Tega Cay, the Allison Creek area and other spots will make up many of the company’s listings. Already there are listed properties from $200,000 to $1.2 million. McCorkle hopes the “downtown Lake Wylie” location of his office lends to bringing in the right sellers and buyers. He’s also counting on Stephens with his more than 400 waterfront sales.

“We both live on the lake,” McCorkle said. “We both have boats, and we can show properties by land and by water.”

More agents, likely ones already experienced with selling waterfront properties, are planned. Lake Wylie Realty has the online tools and other features of the modern market, but also wants to lean on its strengths by appealing to buyers and sellers looking for something unique.

“We’re not selling homes,” Stephens said. “We’re selling a lifestyle. We say come home to a vacation every night.”

The company is located at 1 Executive Court, Lake Wylie. For more information, call 704-309-1549 or visit lkwrealty.com.

 

Lake Wylie Real Estate Report thru September 2013

Currently there are 119  waterfront  Homes for sale in both Carolinas, with an average list price of $843,000:

There have been 75 Closings so far this year on the Lake  with an average sales price of $619.000, 3400 square feet of living space and an average of 144 days on the market. Waterfront lots for sale have increased to 140  and are price from $45,000 to over 2 Million with an average price of waterfront lots at $292,000. 35 lots have sold so far this year as of October 2013 for an average of $220,000 and an average of 276 days on the market.

 

York County Planning Commission Votes to Deny Lake Wylie area Plan

The Planning Commission of York County has voted to recommend denial of the Lake Wylie area plan. The effect of the lack of planning will have a great effect on Lake Wylie area Homes for sale and all Lake Wylie Property values

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Lake Wylie Waterfront Sales Report August 2013

AS OF 7/31/2013

117 Waterfront Homes are listed for sale in the area known as Lake Wylie which includes Mecklenburg and Gaston County in NC along with York County SC: also known as area 15

Below are the Stats:

Home prices range from $240,000.00 to $3.5 Million. Only 3 are for sale under $450,000

The average list price is $840,000 and the median price is $699,000

Current days on the Market 151

As of 8/1/13 57 Single Family Homes have Sold and Closed:

The average Sales price was $592,000.000

The average number of days on the Market were  122
 The average sales price to list price was 95%

The average price per squire foot was $187.00

 

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Lake Wylie Realty moves into new Offices

Lake Wylie Realty Man Team recently has moved to 1 Executive Court just across the Bridge at the River Hills red light. The Offices were the original River Hills Plantation Realty Offices. We are proud to be back in the original Offices and look forward to serving all River Hills along with all Waterfront Properties.

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