Spotlight: The Conservancy at McLean

If you are 55 or older, there is a great opportunity for you to own a home near Lake Wylie in Belmont, North Carolina. The Conservancy at McLean is a new construction neighborhood brought to you by Essex Homes and M/I Homes. This highly desirable location is surrounded by Lake Wylie and right next to Daniel Stowe Botanical Gardens. These homes are perfect for anyone downsizing, but have amazing amenities so you don’t feel like you have downsized.

The Conservancy at McLean is located just off South New Hope Road. It is part of the wider neighborhood of McLean which includes many different custom homes and sections by renowned builders with price tags going up into the millions of dollars. The town of Belmont is just up the road. There is also easy access to the airport and Uptown Charlotte.

The amenities for the community include clubhouse with serving kitchen, pool, dog park, lakeside park, fishing pond and walking trails. The walking trails include the Carolina Thread Trail and Seven Oaks Preserve Trail which connect to the Daniel Stowe Botanical Gardens.

There are many homes already built in the community as well as many opportunities for new construction homes. Additional phases will be opened up when the current phase is completed. Homes range from 1,652 to almost 3,000 square feet of heated living space and prices start in the $260’s. There are some cul-de-sac lots as well as wooded lots available. Homes have 2-4 bedrooms, 2-3 bathrooms and 2-car garages. The homes plans are all single story with optional second floor living spaces and include lawn maintenance for homeowners. Homes are energy efficient and have a long list of included features.

The McLean community is currently zoned for New Hope Elementary School, Cramerton Middle School, and South Point High School. Please verify school assignments as they can change from one school year to the next.

Come explore The Conservancy at McLean and join the many families that have already made it their home. Enjoy five miles of shoreline of Lake Wylie, charming historic Belmont, and close proximity with major sporting events and concerts.

Neighborhood Spotlight: The Meridians

The Meridians is a great Lake Wylie location built by Meritage Homes. This community offers energy efficient ranch style homes with craftsman style details in a great location.

The Meridians is part of The Palisades and residents enjoy membership to The Palisades Country Club. This includes the resort-style swimming pool, tennis complex, state-of-the-art fitness center and much more. There is an amazing PGA worthy golf course as well as banquet facilities with exquisite food. A monthly fee is required to continue the membership.

Owners in The Meridians also enjoy community amenities for only their section of the neighborhood. Included in the community you’ll find a clubhouse, fitness center, pool, sidewalks, streetlights, and tennis courts.

The Meridians homes offer low-maintenance living in their homes. This means that much of the exterior and yard is taken care of by the homeowner’s association. These homes have up to 2,946 square feet of living space with 2-4 bedrooms and 2-3 full bathrooms and 1 half bathroom. If you build your home, you will also get to choose 2 or 3 car garage. Homes have 1 or 2 stories in eight basic floor plans that can be customized for your needs.

Currently there are 35 home sites with 8 quick move-in homes. There is room for future phases with additional lots that may open up soon. Many of the home sites are wooded for great privacy.

Residents of The Meridians are zoned for some of the best schools available. Current zoning is for Palisades Park Elementary School, Southwest Middle School, and Olympic Renaissance High School. Please verify school assignments as zoning boundaries can change from one school year to the next.

Located off Youngblood Road, The Meridians are in a great spot. Residents are close to Lake Wylie Marina, McDowell Nature Preserve, Topgolf Charlotte, Gold Hill YMCA and Tega Cay Golf Club. For shopping and dining, Rivergate, Baxter Village and Stockbridge Commons are all nearby. You can also hop on I-77 or I-485 for a trip into Uptown Charlotte, Ballantyne, or SouthPark.

Homes in the meridians have gone for between $346,294 and $373,770 in the past year. There are currently 15 homes on the market here so there are many choices for the discerning home buyer.

June Market Report

Are you ready to act quickly to get a new home? According to the monthly report by the Charlotte Regional Realtor Association based on data from the Carolina Multiple Listing Service, you’ll have to. In the Charlotte Region as a whole, homes sold in an average of 36 days. This is down dramatically from just 5 years ago in 2013 when they sold in 93 days.

When you look at Lake Wylie, you have a little bit more time to look for a home as the average time between list and sale was 56 days. This is down from 119 days in June of 2013, a decrease of 63 days.

These homes are also commanding higher prices than ever before. Back in 2013, the average home in Lake Wylie sold for $299,227. Today, that same average home price is $381,048, a rise of just over $81,000. That’s a whopping 27% rise in just 5 years.

Buyers are starting to feel the pressure as prices rise and inventory shrinks. Jason Gentry, the president of the Charlotte Regional Realtor Association says “Even though the Charlotte region is wedged into a solid seller’s market, incredibly low supply coupled with higher prices and rising mortgage rates are presenting challenges to buyers.” And mortgage interest rates may continue to rise as the FED is expected to raise rates another two times this year.

In June of 2013, there were 400 homes on the market in Lake Wylie. This June, there were 407 homes on the market. This means that this area is not feeling the pinch as much as the Charlotte Region as a whole. But, due to population growth, 400 homes in 2013 was a 7.7 month supply of inventory while 407 homes today represents just a 4 month supply of inventory.

When sellers do sell, it is a great market for them, however many people are reluctant to enter the market as they are apprehensive about if they will be able to find a comparable home. This means many people are staying in their homes rather than risk the market.

Builders are having a harder time keeping pace with demand as well. Building material costs are on the rise due to recent tariffs and building costs have gone up. This may slow the rate of new housing starts or may just shift price points for consumers.

For now, new listings in Lake Wylie are on the rise, up 28.1% from last month. Pending sales were up 30% as well so it appears that the market in Lake Wylie will be healthy for some time to come.

Neighborhood Spotlight: Amberwood

If you’ve ever been soaking up the sun in Windjammer Park in Tega Cay, South Carolina and thought it would be a great place to live, you couldn’t be more right. The park is just down the road from Amberwood, a great affordable neighborhood close to the free Friday night shows of the Carolina Show Ski Team.

Amberwood is located just off Tega Cay Drive walking distance to Trailhead Park, City Hall and the Tega Cay Police Department. The brand new elementary school is just down the road as are options for shopping, dining, and outdoor recreation. Tega Cay Marina is right down the road so you can take full advantage of lake living.

The wider community features a clubhouse, golf course, playground, pool, tennis courts and walking trails. You also have access to places to golf, hike, swim, public boating marinas, and more in the surrounding area.

Homes in Amberwood were built between 2001 and 2003 and typically have 3-5 bedrooms and 2.5-3.5 bathrooms. Size can vary, but is usually around 2,000 square feet with one and two-story plans. Each home has a two car garage and brick accents on the exterior. Interiors have open floor plans, plenty of storage, and great outdoor living spaces with mature trees.

Children in Amberwood attend Tega Cay Elementary School, Gold Hill Middle School, and Fort Mill High School. All of these school are top rated and residents still pay lower South Carolina taxes. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Amberwood have sold for between $215,000 and $275,000 with an average price of $249,400. There is currently one home on the market which represents a 2.4 month supply of inventory.

Lakeside Living in Chapel Cove

Chapel Cove is a new construction lakefront neighborhood in Lake Wylie near Charlotte, North Carolina. There are resort-style amenities, stunning homes, and lake living at its finest all with access to the conveniences of the city.

Located southeast of Charlotte, Chapel Cove is just off Shopton Road West. There is convenient highway access via I-485 at exit 4. This can quickly connect residents to I-85 or I-77 connecting them to all parts of the city. There are many options nearby for shopping, dining, entertainment and outdoor recreation.

There are three builders for Chapel Cove. Developer Crescent Communities chose Pulte Homes previously CalAtlantic, Taylor Morrison, and Fielding Homes. Each builder has different floor plans, a variety of finishes, and upgrades available to personalize the homes. There are many different price points so there is a home for most any budget.

Community amenities in Chapel Cove are great for residents of all ages. There is a clubhouse with kitchen, fitness rooms, and multi-use club room. The swimming pool has a splash area for children as well as adult spaces. There are courts for basketball, tennis and pickleball. Walking and biking trails wind through the neighborhood and have both hard and soft surfaces. There is a playground as well as pocket parks throughout the community. One of the trails takes residents to Lake Wylie and has a kayak and canoe launch with neighborhood provided kayaks.

Children in Chapel Cove currently attend Winget Park Elementary School, Southwest Middle School and Olympic High School. There are many charter and magnet school options nearby. Please verify school assignments as they can change from one school year to the next.

There are currently 16 homes on the market in Chapel Cove representing 3.3 months of inventory. In a typical month, 4.8 homes are sold in Chapel Cove. In the past year homes in Chapel Cove have sold for between $310,000 and $755,000 with an average sale price of $443,510.

Stunning Lake Frontage: 4533 Forest Cove Road

Don’t miss our open house this Sunday, July 1st from 2-4 pm.

This amazing lakefront home is just what you have been waiting for. This is your chance to belong to the elite club of lakefront homeowners. And, what a stunning home.

Boasting an amazing lot with 0.86 acres, this home in Forest Cove has room for all of your family gatherings and parties. The yard has a flat grassy area perfect for all types of lawn games. The huge deck is perfect for watching the sun rise each morning while drinking your coffee. The deck leads down to the newly refurbished in-ground pool perfect for pool parties all summer long. Walk down from the deck to the firepit for smores at days end.

Walk down the path to the water’s edge where you will find a dock with boat lift. The mature trees from the yard make it feel like the lake is your own private oasis. The community also has a floating dock and pier for residents to use.

This home is located just off Armstrong Road, walking distance to the Harbortowne Marina and Ship Store and Seven Oaks Cafe, and right around the corner from Daniel Stowe Botanical Gardens. You will have a quick commute to Uptown Charlotte or just a day trip to visit museums, catch a sporting event or concert. You can easily get to Charlotte Douglas International Airport for a work trip or vacation, but you will always want to return to this retreat of a home.

When you approach the home you enter through the gated driveway. There is room for many cars to park in the drive as well as a two car garage. You enter the main level of the home which boasts gleaming hardwood floors, an updated kitchen, designer lighting, and much more. The updated kitchen has breakfast bars, island, and stainless steel appliances. The floor plan is open so one living area flows directly into the next.

There are three bedrooms and 4 full bathrooms in 4,082 square foot home. The septic permit is for three bedrooms, however the fully finished basement has many rooms that can be used like bedrooms. The spa-like bathrooms are spacious and newly updated. The basement has a steam shower as well as bar/entertainment area and the laundry.

This home is currently zoned for New Hope Elementary School, Cramerton Middle School, and South Point High School. Please verify school assignments as they can change from one school year to the next.

Come join us for the open house this weekend or call to schedule a private tour. This home won’t last long and is currently offered for $609,000.

Lovely Lake Views: 2166 Lometa Road

If you’ve been looking for an opportunity to own an amazing home in Palm Tree Cove II, now is your chance. 2166 Lometa Road is a fantastic home built by Meritage Homes in 2015. The home sits on a 0.6 acre lot with water views making it a true showplace.

The home has innumerable builder upgrades which make it perfect for a new family to move in immediately. The exterior is a low maintenance hardiboard and brick. Waterviews are available from both levels of the front porch. The wide sweeping lawn is perfect for a game of croquet or badminton. The three car garage and driveway will store your vehicles and leave room for parking when you throw parties.

3,760 square feet of living space are spread out over two stories. The first floor is open and airy with abundant natural light. The kitchen has an enormous eat-in island and plenty of storage in the white cabinetry. Four bedrooms and three and a half bathrooms are included in the home as well as a study, mudroom, and dining room. The rear of the home has a patio with wooded view for additional privacy.

The first floor has luxe hardwoods and trim out details like trey ceilings and crown mouldings. Designer lighting really brings each room to life. Arched doorways and cutouts lend a graceful feel to each room. The spa-like bathrooms will help you unwind at the end of each day. There are even designer touches in some of the rooms like shiplap walls and art alcoves.

This property is in South Carolina which offers great schools and lower South Carolina taxes. This home is currently zoned for Bethel Elementary, Oakridge Middle, and Clover High Schools. Please verify school assignments as they can change from one school year to the next.

Don’t miss your chance to own this immaculate home. See our full listing for more details. We would love to schedule a private showing for you.

May Market Report

The housing market is continuing to be competitive in May according to the new data from the Charlotte Regional Realtor Association. They compile data from the Carolina Multiple Listing Services and they conclude that prices are continuing to rise as supply is tightening yet again. This makes multiple-offer situations more common especially in the under $350,000 price range.

There is a possibility that the market could cool as the FED raised interest rates this week. They also announced that they will raise them again this year and possibly a third time.

When you look at the Lake Wylie area, the situation is a little less competitive. There is a reasonable 4.1 month supply of homes here with 409 homes currently on the market. This is up 5.4% from last year at this time. A balanced market between buyers and sellers is generally considered to be 4-6 month supply. This is compared to the 2.2 month supply for the entire Charlotte region.

Home prices are still on the rise. The average price a home in Lake Wylie sold for in May was $397,696. This is up 7.1% from the same time last year. The median home price was up 3.8% from last year at this time to $340,000.

There were only 107 homes that sold in May, down from 126 in May of last year. This represents a decline of 15.1%. New listings and pending sales were both up this month. New listings went from 146 last May to 187 this May, an increase of 28.1%. Pending sales rose from 117 last May to 125 this May, and increase of 6.8%. This means that there are still buyers out there so we likely won’t see much of a slowdown for at least the next month as the pending sales head to the closing table.

It remains to be seen what the market will do with rising interest rates. For now, buyers need to have the ability to act quickly when they find their perfect home. Homes are selling quicker this year than last, by 5 days so buyers need to be ready, and sellers as well.

Custom Elegance: 4974 E. Liberty Hill Road

If you have dreamed of a custom waterfront estate on Lake Wylie, one just came on the market that you don’t want to miss. This one of a kind home has over 7,700 square feet of living space nestled on 3.64 acres of private property.

Located in Liberty Hill, this home is located on a quiet cove on the shores of Lake Wylie. From the home, stroll down the hand-laid paver path down to the private dock equipped with remote controlled boat lift and Trex decking. The main channel is not far away and you can view the grandeur of the lake from your boat, or just from the lake frontage.

Head back up the path and you will be amazed to see the mature hardwood trees providing privacy for the home. Outdoor living spaces include outdoor bar, fireplace, fire pit, and seating areas. These provide stunning waterfront views from all three floors. The private terrace is perfect for entertaining or just relaxing with a good book.

Inside this custom home has 8 bedrooms and 7.5 bathrooms spanning three floors and the basement. There is a second living space complete with second kitchen in the lower level. Each bedroom has custom built-ins in the walk in closets. Gleaming hardwood floors and lots of natural light flood each space in this unique home. There are two media rooms, a large gourmet kitchen, full bar, solarium, and multiple offices.

Homes in Liberty Hill have lower South Carolina taxes and are zoned to Clover schools in York County. This is a truly rare opportunity as only three homes in Liberty Hill sold in the last year. This may be your only chance this year to get in on this amazing area. Currently offered at $1,699,000, this home is the perfect escape from it all.

Neighborhood Spotlight: Reflection Pointe

Reflection Pointe Lagoon Pool and Clubhouse

Reflection Pointe is a planned community with over 360 home sites. It is gated, with amazing amenities, an active HOA with events throughout the year for the entire family, and great schools.

Located on Lake Wylie, Reflection Pointe is on the tip of the peninsula formed by the Catawba and South Fork Rivers. A ten minute trip has you in historic Belmont. A 35 minute trip will take you to vibrant Uptown Charlotte giving residents access to sports, arts, and business. Residents also enjoy all that lake life has to offer.

Amenities for homeowners include lagoon swimming pool, clubhouse, soccer field, lighted tennis courts, children’s play area, beach area on Lake Wylie as well as walking trails and marina with deeded boat slips. The HOA puts on annual events including movie nights, shrimp boil, and holiday events throughout the year.

There are existing homes as well as lots still available for you to build your own custom home. You can bring your own builder or choose from the approved builders selected by the community. Lots are ½ acre or larger, and waterfront and waterview lots command a premium.

Homes in the interior of Reflection Pointe start in the $400,000’s while waterfront homes start in the $900,000’s and can go well over $1 million.

In the last year, homes in Reflection Pointe have sold for an average price of $799,222. There are currently 10 homes on the market representing just over a year of inventory. The current listings range between $449,000 for an interior home to $1,295,000 for a waterfront stunner. There are also 65 lots currently available ranging in price from $24,900 to $380,000.

Current school zoning for Reflection Pointe is for Gaston County Schools. These assignments include Belmont Central Elementary, Belmont Middle, and South Point High Schools. Please verify assignments as zoning boundaries can change from one school year to the next.