Neighborhood Spotlight: Morgan’s Branch

Morgan’s Branch is a new construction community brought to you by Bonterra Builders. There are a total of 153 homesites with community amenities near Lake Wylie, but with a Belmont address. The neighborhood is on a strip of land located between two rivers in a serene and beautiful locale.

This amazing neighborhood is in an ideal spot, right next to luxurious Misty Waters. A few minutes away is Daniel Stowe Botanical Gardens and Stowe Park famous for concerts and festivals. There is easy highway access to I-85, I-485, and Highway 74/Wilkinson Boulevard. This makes a trip to Uptown Charlotte take around 30 minutes. You can also easily get to Charlotte Douglas International Airport.

Children in Morgan’s Branch attend outstanding Belmont schools including Page Preliminary School, Belmont Middle School, and South Point High School. Please be sure to verify schools as zoning boundaries can change from one school year to the next.

This traditional community was begun in 2015 and the newest phase is currently underway. There are two different Series, the 55’ and the 70’ with the choice of six floor plans with various elevations depending on the lot. Homes are one or two story and range in size from 2,456 to 3,169 square feet of living space. All have 3 or 4 bedrooms, 2.5-3 bathrooms and two car garages. Prices start in the $270’s, but can go higher due to plan, square footage, and upgrades.

There are currently move-in ready homes, homes that will be ready soon, and opportunities to start from the ground up.

The community features a pool, club house, and tot lot for residents to enjoy. There is also designated boat storage for residents. Public boat ramps are just a few miles away. Don’t miss out on this desirable community.

 

Neighborhood Spotlight: Misty Waters

If you are looking for an exclusive gated neighborhood on the water of Lake Wylie with outstanding schools, Misty Waters is the place for you. Misty Waters was developed with strict architectural standards, including minimum square footage making sure residents have the most beautiful views around.

Misty Waters is located off NC Highway 273 in Gaston County. Homes here have a Belmont address, but are truly lakeside in Lake Wylie. Many of the homes have lake frontage, but interior lots can have lake views or wooded views and are typically over one acre in size. The natural beauty of the area was maintained during construction so the rolling terrain and wooded lots are undisturbed. This lends a tranquility that few other neighborhoods can claim.

Development began in the early 2000’s on these stunning custom homes. No two homes are the same, though they do all have large footprints with many of the homes over 5,000 square feet. Outdoor living spaces are included with many of the homes including pools, outdoor kitchens, fire pits, decks and porches.

Waterfront homes typically have docks, boat houses, boat lifts, and/or floating docks. Off water homes have deeded private boat slips available in the community marina as well as boat storage. Additional community amenities include swimming pool, clubhouse, and natural walking trails.

Minutes away from Misty Waters is Daniel Stowe Botanical Gardens. A few minutes further will have you in downtown Belmont with Belmont Abbey and College. There is convenient highway access to I-85, I-485, and Highway 74. This makes a commute to Uptown Charlotte or a trip to Charlotte Douglas International Airport no trouble at all.

In the past year, homes in Misty Waters have sold for an average of $686,483. Most of these homes were interior lots. When waterfront homes come on the market, they command a premium and typically sell for over $1 million.

Amazing Value in Misty Waters: 9105 Shorewood Place

The time to act is now if you want an amazing home at a great value in Misty Waters. This property was just reduced by $15,000 today. The sellers are motivated and the home is priced $100,000 below appraised value. Current offering price is $534,900.

Misty Waters is a gated community in Belmont on the shores of Lake Wylie. This upscale neighborhood is located off NC Highway 273 in Gaston County, NC just minutes from Daniel Stowe Botanical Gardens. Tranquility abounds in Misty Waters as it is situated on one of the most unspoiled areas of Lake Wylie.

There is easy access to the highway via I-85, I-485 or Highway 74 which can all take you to Charlotte Douglas International Airport and Uptown Charlotte. Many options for shopping, restaurants, and major employers are within easy reach, yet homes in Misty Waters seem remote and peaceful. Historic Belmont is a quick drive away as are Belmont Abbey College and Monastery. There are also options close by for golfing and country clubs.

Neighborhood amenities include clubhouse and pool that overlook the lake, community marina with boat docks and deeded boat slips and boat storage, recreation area and walking trails.

Picture yourself living in this amazing community in a home with 4,278 square feet of living space custom built in 2003. The home contains 4 bedrooms and 4.5 bathrooms. Each bedroom has access to a full bathroom. There is a large three car side-load garage with huge bonus room or 5th bedroom upstairs. Closets are ample for great storage.

The gourmet kitchen has a huge island, wine fridge, trash compactor, stainless steel appliances, ice machine, two sinks, and instant hot water. Granite counters compliment the wooden cabinets and tile flooring.

The exterior has brick on all sides for easy maintenance and there is a wrap around porch with beautiful views of the homes 1.34 acres. The backyard is a true oasis with saltwater pool with its own slide. Though this is an interior lot, there is a private boat slip deeded to this property at the community marina.

This home is currently zoned for amazing Belmont city schools. Current zoning is for Belmont Central Elementary, Belmont Middle, and South Point High Schools. Please verify zoning as boundaries can change.

You won’t get a better deal than this in Misty Waters. Act now.

 

April Housing Data

The monthly numbers are in from the Charlotte Regional Realtor Association. Their report is based on numbers from the Carolina Multiple Listing Services, Inc. They report on the entire Charlotte region, and they also break the numbers down into different areas and cities within the region.

When you look at the region as a whole, you see that home prices are still rising and inventory is declining yet again. Average prices are up 8.1% to $292,158 and median sales prices are up 7.4% to $240,000. Inventory was down 22.6% from 11,008 homes for sale last April down to 8,515 homes this April. Pending sales were up 10.7% and home sales were up just 1.6%. Homes spent just 44 days on the market before a sale and new listings were up, but just .07%.

Looking just at Lake Wylie, you can see that the story is a little bit different. Prices are down year over year as average prices fell to $392,208 representing a drop of 13.7%. Median prices were down 2.1% to $362,213.

The total number of homes on the market fell from last year at this time, from 394 to 361, a decline of 8.4%. This leaves Lake Wylie with a 3.6 month supply of homes. This is a much better balanced market between buyers and sellers than is seen in the entire Charlotte region.

Closed sales, pending sales and new listings were all up year over year for Lake Wylie. This indicates that the market here is still strong. Closed sales were up 46.7%, pending sales were up 29.3%, and new listings were up 10.6% respectively.

It’s important to note that due to small sample size, one large transaction or lack of one can skew the report for Lake Wylie quite a bit. The news is encouraging that Lake Wylie still has a strong market for both buyers and sellers.

Neighborhood Spotlight: Somerset at Autumn Cove

Along the shores of Lake Wylie, Somerset at Autumn Cove awaits those looking for an amazing neighborhood with numerous amenities, lake access, and fantastic schools. Brought to you by Eastwood Homes, Somerset at Autumn Cove is conveniently located in Clover, SC in York County. A trip into Charlotte takes just minutes and will take you to NFL Football, NBA Basketball, Arena Concerts, Museums, National and International employers and much much more.

Somerset at Autumn Cove is located next to Autumn Cove right off Charlotte Highway (49) across the highway from Crowders Creek Elementary School and the CSD Community YMCA. There are many different options close by for shopping, dining, entertainment, outdoor recreation and much more. Also convenient is Fort Mill, SC with many more destinations for shopping, dining, and entertainment.

Residents in Somerset at Autumn Cove enjoy not only lake access, but also a pool, cabana, and boat storage area. There are many homes with lake frontage with docks, floating docks, piers, and outdoor living spaces that take advantage of the views of Lake Wylie. Many of the other lots have lake views or are wooded and private.

Homes in Somerset at Autumn Cove are available already built and new construction. There are a few older homes within the neighborhood, but most of the homes have been built within the last three years. Lots are large with some up to ¾ of an acre in size. Many of the lots are basement lots which allows a home to have much more square footage within the same footprint. There is availability for wooded homesites, and there are a few future homesites with lake frontage.

Eastwood Homes is offering 9 floorplans for the new construction homes. These include one, two, and three story plans with 3-6 bedrooms, 2-5 bathrooms, 2 or 3 car garages starting in the $260’s. Prices can jump higher depending on the lot, the plan chosen, and the upgrades you choose. Lake frontage lots come with a price premium and there is a currently listed lake frontage home going in the mid $800’s.

Homes have open and flexible plans, some with first floor guest suites, gourmet kitchens, master down plans, home offices, media rooms, fully finished basements and much more. Many homes have amazing details such as coffered ceilings, hardwood floors, expansive decks, spa-like bathrooms, and fireplaces.

Children in Somerset at Autumn Cove currently attend award winning Clover Schools, but have low South Carolina taxes. Current zoning is for Crowders Creek Elementary, Oakridge Middle, and Clover High Schools. Please be sure to verify school assignments as zoning boundaries can change from one school year to the next.

Don Stephens longtime Lake Wylie Realtor passes away

 

Don Stephens longtime Lake Wylie Realtor and Partner in Lake Wylie Realty passed away unexpectedly at Home last week. Don was recently awarded the Realtor Emeritus designation from the National Association of Realtors for 40 years of service to the Community and the Industry, no one in this area has ever achieved that status.  We used to laugh about the fact that Don probable sold every Home on the Lake at one time or another and some twice. Don knew the Lake like the back of his hand and was the real “MISTER LAKE WYLIE”

Don was a native of Charlotte a true Gentleman and Scholar and will be greatly missed, He is survived by his Daughter Natalie and her Husband  Andy Adams of Clover, three Grandchildren and of course  all his friends and Business associates over the years. So long Don.

Build Your Lakefront Dream Home: 5323 Masons Ferry Road

If you’ve ever daydreamed about having your own paradise on Lake Wylie, 5323 Masons Ferry Road could be the ideal place for you. Picture yourself in your dream home with 143 feet of lakefront footage giving you picturesque views of the water. In just a few short months, you can custom build your oasis and be enjoying the serenity of lakefront living.

Located in Masons Crossing, this parcel is tucked away from traffic. There is easy access to Lake Wylie Road and Charlotte Highway leading you to shopping, schools, churches, recreation, and fitness. A trip into Charlotte will take around 45 minutes and a trip to Charlotte Douglas International Airport will take about 35 minutes.

The 1.87 acre lot is fully wooded at the moment, but is just awaiting the perfect home. Homes in Masons Crossing typically sell in the $400’s and $500’s, but some of them are truly grand and have gone in the $700’s and one even sold for over $1 million. This lot is offered at $274,875 and there is no timetable to build so you can truly take you time and make a home here perfect. There is plenty of space to have a private pool, outdoor kitchen, outdoor fireplace, and much more.

Children in Masons Crossing currently attend award winning Clover Schools. These include Crowders Creek Elementary School, Oak Ridge Middle School, and Clover High School. Please be sure to verify school assignments as zoning boundaries can change from one school year to the next.

There is a dock already in place just waiting for you to anchor your boat after a cruise on Lake Wylie. This is a deep water lot affording you a larger boat. Please give us a call or see our full listing for building requirements. Come grab your piece of Lake Wylie HEAVEN!

Neighborhood Spotlight: Catawba Crest

Tucked away on one of the deepest coves on Lake Wylie sits a small elegant neighborhood called Catawba Crest. Situated just off Lake Wylie Road, Catawba Crest has a Clover, SC address and feeds to award winning Clover public schools. Convenient shopping, dining, and recreation can be found within a few minutes drive. Access to Uptown Charlotte and the Charlotte Douglas International Airport takes just a short drive. All of these necessities are close by, but you can lose yourself in the peaceful neighborhood on the lake.

Many of the homes in Catawba Crest have water view or waterfront parcels. From these homes you have amazing views of the sunrise and sunset each day over the water. Most of the homes were built between 2001 and 2010 and are in great condition. Many were custom built and include luxury features and many have well over 3,000 square feet of living space. Chef’s kitchens, home offices, and owner’s suites are common. Homes take advantage of the views of the lake and include decks, two story great rooms lined with windows, and screened porches. Homes on the waterfront have boat houses, floating docks, boat lifts, and more. Inland homes have wooded large lots with plenty of privacy.

Current public school zoning for Catawba Crest has children attending Crowders Creek Elementary, Oakridge Middle, and Clover High Schools. Please be sure to verify school assignments as zoning boundaries do occasionally change.

In the past year, homes in Catawba Crest have sold for between $390,000 and $523,000. However, none of those homes was waterfront property which typically command a premium. There are currently two homes listed for sale that are waterfront and they have an average list price of $776,950. There is not much turnover in the neighborhood with only 6 or so homes becoming available each year for the last three years. If you want a home in Catawba Crest, you have to act fast when a home comes on the market.

Neighborhood Spotlight: Windswept Cove

If you are looking for a waterfront neighborhood with large lots, amazing homes, and fantastic amenities, look no further than Windswept Cove. Many of the homes here are on waterfront lots on Big Allison Creek with picturesque views of the creek and the main channel of Lake Wylie.

Windswept Cove is tucked away and private, but is still close to shopping, dining, and entertainment. If you need more, York and Clover are just 20 minutes away. Rock Hill, SC is 30 minutes away and Uptown Charlotte and Charlotte Douglas International Airport are 45 minutes away. Allison Creek Public Lake Access is a few minutes away across the bridge and has boat landing, ramp, and day dock.

There are 119 custom homesites in Windswept Cove covering 224 acres. Lots are large and waterfront lots average 1.6 acres. This gives privacy and space for outdoor living areas. There are environmental covenants in the neighborhood limiting the mass clearing of trees on homesites ensuring privacy for each home.

Windswept Cove has two entrances that are connected by a sidewalk uniting the two sections. The first entrance is small and has just a few homes on large wooded lots. The second entrance is for the larger section of the neighborhood so has more homes and more streets, but still has wooded lots.

Homes in Windswept Cove vary in size from 2,300 to 7,600 square feet and prices can vary widely due to the size of the home and the type of lot it sits on. These custom homes are packed with luxury features. In the last year, homes in Windswept Cove sold for between $455,000 and $970,000. Many have 3 car garages, home offices, custom cabinetry, hardwood flooring, and fully finished basements.

Many of the homes are on waterfront and include piers and boat docks. For those that do not, there is access to the lake for residents for fishing, boating, and swimming.

In addition to the private spaces these homes enjoy, there are neighborhood amenities for residents and their guests including a pool and clubhouse in addition to the lake access.

Children in Windswept Cove attend award winning Clover Schools including Bethel Clover Elementary, Oakridge Middle, and Clover High. Please be sure to verify school assignments as zoning boundaries can change from one school year to the next.

March Housing Data

The monthly market report was just released by the Charlotte Regional Realtor Association based on data from the Carolina Multiple Listing Service. In the entire Charlotte region, sales are down, prices are up, and supply is down as well. Lake Wylie has fared a little bit better than the entire region, though numbers could be skewed due to small sample size.

Charlotte has been in a strong sellers market for a long time now, with low inventory and homes commanding higher prices. There is just a two month supply of homes in the entire region, just 8,208 homes currently for sale. This means sellers are getting the best of any deal with multiple offers becoming more common and homes selling sometimes for more than list price.

When you look at the numbers for Lake Wylie, there is a 3.3 month supply of homes. Still a sellers market (6 month supply is generally considered a balanced market), but not as extreme as the whole region. This number is down from March of last year when there was a 3.8 month supply, a decrease of 13.2%.

Contrary to the entire region, Lake Wylie actually had more home sales this year than last. There were 90 homes sold in March, up 13.9% from 79 in 2017. These homes sold for an average of $414,976, up 28.7% over last year. This large swing could be from a few pricey properties skewing the average.

Pending sales are also up over last year, from 135 to 144, a gain of 6.7%. This means that next month we should see strong numbers for closed sales. Slightly more worrying is the number for new listings. They were up from 169 last March to 170 this March, a rise of just 0.6%. This dip in supply could send prices higher during a time when interest rates are already on the rise. It remains to be seen if more sellers will list their properties helping to turn this market around.