Archives for May 2016

Stunning Waterfront Home: 4613 Island Forks Road

Screen Shot 2016-05-28 at 10.47.57 AMTake a look at this gorgeous property at one of the most desirable addresses in Lake Wylie.  This waterfront Island Forks Road home was built by the areas’s best custom home builder, McSpadden Custom Homes, and features incomparable long range main channel views, an incredible 1.66 acre lot, and the always preferred South Carolina taxes.Screen Shot 2016-05-28 at 10.48.05 AM

This stunning 4,536-sqaure-foot home offers five bedrooms and four and half bathrooms, a two-car garage, resort-style pool with breathtaking views, and a boat lift and slip for easy access to a day on the water.

Screen Shot 2016-05-28 at 10.49.35 AMOpen the front door and walk through the majestic foyer of your new home. Large windows throughout the house allow for water views from nearly every room.The beautiful wood and granite kitchen
open to a generously sized family room with  a fireplace to keep you warm on chilly nights. There is also a fireplace in the dining room, which also features large windows and water views.Screen Shot 2016-05-28 at 10.49.57 AM

Beautiful wood beams grace the ceilings of the family room and dining room, while the master bedroom and bonus room feature tray ceilings. The huge master bathroom has two separate vanities and a spa-like soaking tub.
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Lounge on your expansive back deck or boat dock and feel like you are on vacation in your very own home! In addition to the stunning pool, jacuzzi and massive patio space for entertaining, this home also features a beautiful backyard with plenty of space to play.Screen Shot 2016-05-28 at 10.48.15 AM

At $1.5 million, this home combines everything that the best of Lake Wylie has to offer.

Screen Shot 2016-05-28 at 10.48.26 AMFor more information on this home or other waterfront properties in Lake Wylie, take a look at our website, or call 803-831-8588.

 

Market demand dictates Fort Mill subsidized apartments move to market rate

Screen Shot 2016-05-26 at 1.39.49 PMThe apartment boom in the greater Charlotte area, as well as across the nation, is in full force, and even low-income housing is feeling the pressures of demand to increase their rates.

Three Fort Mill apartment buildings have been sold, and their rates will be increasing toward market demand. Current residents are concerned that they may not be able to make the rent payment, though the new ownership company, New Jersey-based Friedlam Properties, assures plenty is being done to assist the residents.

Fort Mill Townhouse Apartments on Bolin Circle across from Fort Mill High School sold for $2.65 million. The second phase of the the apartments, located on Drane Circle near the intersection of Tom Hall Street and North Dobys Bridge Road, sold for $2.37 million. The Edgewood apartments on Banks Street sold for $2.16 million.

As the units in the buildings become vacant, they will be renovated and then leased at market rate. With 144 total units and 95 percent occupancy rate, there isn’t any push to move long-term residents who pay lower rates, as the difference will be made-up with federal subsidies. Thus, there is no major rent increase on tenants who are already there.

In 1987, when the apartments were built, they served as low-income housing with rent based on a percentage of each tenant’s income. That program has since expried, and the new owners do not want the properties to remain low income apartments, but they also do not want to displace anyone.

Most current tenants whose leases were about to expire and were up for renewal, renewed at the slightly higher rate (though still not market rate), and only a handful of residents declined signing the new lease.

There are concerns over what will happen if subsidized housing continues to be converted to market rate apartments in Fort Mill. However, the demands of the housing market are dictating higher pricing.

For more details on this Fort Mill apartment purchase and what it means for the residents and the community, read the full article at heraldonline.com.

 

April’s market report indicates a drop in inventory and a favorable seller’s market

april1 Over the past year, Charlotte as a whole, and particularly the Lake Wylie area, has seen a shift from a fairly balanced market to more of a seller’s market, as the number of homes on the market continues to dip. According to April’s monthly report released by the Carolina Regional Realtor Association, inventory is low.

Lake Wylie had 4.4 months of inventory in April, with 367 homes on the market, whereas the same month a year prior had six months of inventory and 448 homes on the market. This 18 percent drop in homes for sale and 26 percent drop in months supply are significant. With less homes on the market and an increased demand, the sales price is driving up. Last  month’s average sales price was $345,297 with the median sales price locking in at $300,000. The 2015 numbers for the same month were $312,646 and $273,000, respectively, indicating approximately a ten percent increase year over year.

Last month’s number of new listings in Lake Wylie were up over 25 percent from last April’s numbers, perhaps indicating a shift in inventory.

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On the contrary, as for the entire Carolina Multiple Listing Service region, there was very little change in the number of new listings from April of 2015 to April of 2016. However, there was a drastic drop in inventory (down 34.1 percent), with months supply dropping from 4.4 months to 2.9 months, and total homes on the market dropping from 14,330 to 10,513 (down 26.6 percent).

Mecklenburg County saw a similar percentage change in inventory and had only two months supply of homes for sale available in April. The market certainly seems to be favoring the sellers, but we will have to stay tuned to next month’s report to see where the numbers will lead.

Dunkin’ Donuts and more opening in Lake Wylie this summer

Screen Shot 2016-05-21 at 7.46.23 PMLake Wylie is getting a brand new Dunkin’ Donuts this summer, just in time for iced coffee season. The coffee chain will be opening at the Collett development site, just off of S.C. 49 and Carroll Cove Lane. The store opening has been in the works for a while and is looking forward to quickly becoming a part of the fabric of the Lake Wylie community.

The building will be approximately 2,000 square feet and will include the always important drive-up window. Free WiFi, digital menu boards and as many as 50 parking spaces will not only make this location super convenient, but it will also be the most up-to-date design that Dunkin’ Donuts offers and will be loaded with technology.

The Lake Wylie store is slated to open by the end of June and is currently a bit ahead of schedule. The shop will hire about 30 employees, both full- and part-time, with operating hours between 5 a.m. and 10 p.m. daily.

It is conveniently located at the intersection near the new Publix and Walmart with lots of natural traffic already passing through the area. And while Dunkin’ Donuts is known for its coffee, it also offers plenty of healthy breakfast and lunch options, including sandwiches, smoothies and more.

In addition to Dunkin’ Donuts, Lake Wylie is also getting a new Taco Bell in the same location, ready to satisfy your craving for Mexican-Style fast food.  With plans to hire about 40 new employees and to open on Memorial Day weekend, the store will be the latest prototype for the franchise, opening for breakfast at 7 a.m. and closing at midnight or even later.

The Collett development still has space for two more businesses to open in the center.

For more details on the project, read the full article at heraldonline.com.

 

Resort-style waterfront property: 7332 Lakefront Drive

7332aLive the resort-style life you have been dreaming of in this beautiful waterfront property in Emerald Point. This lovely end unit on the main channel of Lake Wylie offers gorgeous views from your large balcony on the top floor.

This two bedroom, two bath home is just over 1,300 square feet and includes an owner’s suite with a huge walk-in closet. The family room has a tray ceiling and gorgeous wood-burning fireplace to keep you warm in the winter.7332d The updated kitchen7332c is open to the family room and offers ample storage. The master bathroom includes a generously-sized soaking tub, and there is built-in shelving in the bedroom.7332e There is an in-unit washer and dryer, as well.

There is a deeded boat slip and two parking spaces included with the unit. HOA fees are $306 per month and include access to the beautiful community pool.7332b

Emerald Point is considered one of the best kept secrets on Lake Wylie. It offers a quiet community full of nature and happiness. Conveniently located on the north part of Lake Wylie in southwest Charlotte, NC, it is only minutes away from the I-485 corridor. The community provides easy access to major highways, and is only ten minutes from the Charlotte airport, 15 minutes from the Pineville-Ballantyne area with lots of shopping, restaurants and entertainment, and just 25 minutes from uptown Charlotte.

The condos of Emerald Point are situated on over 26 wooded acres with over 1,450 feet of water frontage. The community boasts a tree-lined entrance and charming boardwalk leading to the swimming pool, which offers gorgeous views of the lake and marinas.

At $210,000, this property is not to be missed! For more information on this home or other waterfront properties in Lake Wylie, take a look at our website, or call 803-831-8588.

 

Town Spotlight: Clover

The Clover area of Lake Wylie is a special one, lying just south of the Carolina border with all of the beauty that Lake Wylie has to offer, as well as countless local conveniences and a great location. Located in the Northwestern part of York County, legend holds that the town got its start in the late 1800s when a small cluster of homes was built round a 5,000 gallon water tank. Large clover patches grew where excess water spilled, and thus, the name “Clover” stuck. Clover offers great schools, lower taxes and tons of waterfront properties.

Clover and the surrounding area offer a small town feeling, however it allows for easy access to big city perks with its close proximity to Charlotte and Gastonia, North Carolina, as well as Rock Hill, South Carolina. These rapidly growing urban areas offer exceptional dining, great shopping and endless entertainment, as well as a diverse job market.clover1

The housing market in Clover is balanced, with 5.2 months of inventory currently available, indicating neither a buyer’s nor seller’s market. There are also plenty of waterfront properties consistently available in and around Clover. Over the last five years, there has never been less than 23 active listings for waterfront property in any given month, and as many as 49 listings have been available at once.clover2clover3clover4

 

While the majority of waterfront listings in Clover in 2015, both closed and new, had sales prices of $500,000 or greater, there were still many listings at lower price points. However, the first half of 2016 has yet to see a listing for less than $400,000, possibly indicating an appreciation in the market value of homes here.

Take a look at all of the waterfront properties that are currently available in the Clover area, and find your dream home!

 

Wylie Commons breaks ground at The Shoppes at The Landing

wyliecommonsNew commercial development is in the works for The Landing on Lake Wylie. The Lake Wylie area, given its strong economy and local demographic, has several companies looking to develop the area. The recent opening of Publix at the Shoppes at The Landing makes it a hot area.

The Shoppes at the Landing, a major retail hub in the community, is getting three new great businesses. Wylie Commons has broken ground on a property that will include Moe’s Southwest Grill, SportClips and TK Nails Spa & Waxing.

The  building will total approximately 9,000 square feet, and will be a multi-tenant retail building that is currently seeking two other tenants to stabilize the project and to fill out the area.

The new building will be situated between S.C. 49 and Nautical Drive at the intersections with Bulkhead Way. Moe’s Southwest Grill, which will be located at the far left of the project and will include patio space, will neighbor a 1,800 square foot space that would be a great fit for a large business or could be subdivided into smaller spaces. At the opposite end of the project from where Moe’s will be situated lies a 1,400 square foot space with a patio that will most likely be another restaurant, coffee shop or cafe.

The entire Wylie Commons project is scheduled to be completed by August 1st with an official opening slated for no later than October 1st. The one and a half acre site will offer 62 parking spaces, which should accommodate the additional retail, dining and business that Wylie Commons is bringing.

For more details on the development at the Shoppes at The Landing, read the article here.

And, be sure to take a look at all of the spectacular residential property available for sale in the Lake Wylie area by clicking the link to our website, or call 803-831-8588.

 

Charming waterfront home: 8728 Island Point Road on Lake Wylie

LW1If you are looking for a charming waterfront home in The Sanctuary, this home is not to be missed! Located in the Steele Creek neighborhood, the lot alone, with such gorgeous water views, is worth more than the asking price. You have the flexibility to live on the property as is or to build your dream home.

This 1,000 square foot home with two bedrooms and one and a half baths offers tons of storage plus a detached three car garage, which could be converted to a studio apartment for guests.

Situated on 170 feet of waterfront on Lake Wylie, the home includes a dock, boat lift and generously-sized covered porch. You can launch your boat from your own back yard! In addition to being a waterfront property, the home is situated on over an acre of land.LW2

The kitchen offers a breakfast nook in addition to fantastic bar seating and opens up to the family room, making it a very functional living space.LW3

The Sanctuary, a lakeside community on Lake Wylie in Charlotte, is conveniently located to everything you need while offering an idyllic setting. Within five miles of the community, you will find the popular RiverGate shopping center, which offers groceries, big box stores such as SuperTarget and Best Buy, and plenty of eateries and more. Plus, the conveniences and diversity of all the Charlotte neighborhoods are close by.

Don’t miss this opportunity to get into The Sanctuary at a steal.  There are no HOA dues in the community and you will not want to miss these views!

For more information on this property and others like it, call 803-831-8588.

 

Fantastic waterfront property: 7215 Buckland Road in Charlotte!

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Rear of home takes full advantage of the water views with large deck spaces, terraced back yard and lots of windows!

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Front of home, which blends beautifully with its surroundings and wooded land

This waterfront home has everything you need for a fantastic Lake Wylie lifestyle and is convenient to the Steele Creek area of Charlotte and major thoroughfares to keep you connected to the outside world.

Tucked away in Brown’s Cove on the Catawba River, this beautiful 1990 cedar-sided home is priced at $635,000 and offers more than 240 feet of cove shoreline with deck, docks and boat lifts for making the most of a waterfront lifestyle.

 

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Fish or launch your boat or Jet Ski from your own back yard!

Inside, the home is chock full of beautiful woodwork, hardwood floors, wood paneled ceilings and exposed beams. Oversized windows bring nature inside and flood the main living areas with natural light.

 

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Big, beautiful windows and natural wood tones bring warmth to the large living area that overlooks the water.

This home has 3 bedrooms and 3 bathrooms and more than 3,300 square feet of living space, including a 3rd story loft area. The property also has a detached 2-car garage with plenty of storage space!

The master suite with its sunken hot tub is located off the main level living area, which is wide open with expansive hardwood floors and vaulted ceilings. A beautiful stacked stone fireplace creates a beautiful focal point and gathering area for friends and family.

The well-appointed, open kitchen includes a peninsula bar with seating and lots of prep space.

The lower level walk up has a wood-burning stove and plenty of space for a game room, rec room or just extra living space or home office.

This lovely home is situated on nearly an acre of land west of I-485 near the Dixie-Berryhill area of Charlotte. It is not in a subdivision so there is no HOA or deed restrictions.

From this home at 7215 Buckland Road, I-485 is less than 3 miles away at Steele Creek Road. There you will also find great shopping at Charlotte Premium Outlets.

The entire Charlotte area is close at hand:

  • Charlotte Douglas airport is approximately 9 miles away
  • Uptown is less than 12 miles away
  • SouthPark is 10.5 miles
  • Ballantyne is 14 miles via I-485
  • Carowinds is 11 miles

For nearby and everyday shopping, WhiteHall Commons Shopping Center, which has Publix, Lowe’s and WalMart, is less than 6 miles from home.

This spectacular home is a chance to own waterfront property at a great price and is definitely worth a look!

803-831-8588