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.

Fine Waterfront Living: 8560 Lilybet Lane

If you’re looking for a pristine home on Lake Wylie’s waterfront with a gourmet kitchen and grandfathered enclosed boathouse, look no further than 8560 Lilybet Lane. This amazing home has been completely renovated and has unfinished space over the detached garage that can be turned into income property.

Located on a private cove, you will never have to deal with the wake on the main channel. This makes this property perfect for your own beach. The fully enclosed boathouse has a boat lift and floating dock. Along the shore, a clever fire pit has been constructed with a patio and built in benches perfect for relaxing and watching the sunset. You can also see stunning views from the large lakeside deck along the back of the home, or from the screened in porch.

This property is only 20 minutes from Uptown Charlotte. Just up the street is the Charlotte Yacht Club, and Berewick neighborhood. There is easy access to I-485 and you are minutes from shopping at Charlotte Premium Outlets. Shopping and dining options are also available on Steel Creek Road a few minutes away. If you need to feel like you have more of a retreat, there is a 5.15 acre parcel behind this property that is also for sale at this time which can be subdivided to make a family compound, or kept as a buffer for solitude.

Inside the home, you will find three bedrooms and two bathrooms in a thoughtfully laid out ranch style home with 2,013 square feet of heated living space. Hardwood floors go all through the home. Plentiful windows let in abundant light and lake views. The vaulted ceiling in the living room makes the whole home feel like a retreat. The kitchen is a chef’s dream with dynamic cooking system stove with downdraft vent. The fridge is built in and there is a large stainless farm sink. Stainless appliances and warm wood cabinetry round out the space. The bar space is great for additional seating for entertaining or just for an easy breakfast spot.

Both bathrooms have been recently remodeled with new fixtures, tile, vanities and counters. The master bath has a huge soaking tub and lots of great storage. There is a separate laundry room with storage cabinets and utility sink.

The exterior is constructed with stone and vinyl for minimal maintenance. There are also two separate storage outbuildings on the property perfect for a workshop or storage for kayaks, life preservers, and water toys.

Current zoning has children in the neighborhood attending Berewick Elementary, Kennedy Middle and Olympic High Schools. Please verify school assignments for accuracy.

Don’t miss out on this rare opportunity to own this stunning home currently listed for $699,900. At .83 acres with waterfront, private cove and boathouse, it’s a steal. For more information, check out our full listing page here.

Neighborhood Spotlight: Handsmill on Lake Wylie

Handsmill on Lake Wylie is a secluded, gated community located right on the shores of scenic Lake Wylie. The neighborhood is close to the state line, making it only a 30 minute drive to the city amenities of Charlotte. There are 20 square miles of lake for residents to enjoy, where they can reach the water from one of two private marinas and boat ramps. There are also many amenities away from the shore including walking trails perfect for spotting local wildlife. There is also a clubhouse with a Jr. Olympic sized swimming pool, fitness center, kids pool and play area, and an outdoor patio with fireplaces.

Just a 30 minute drive away, is the busy city of Charlotte which offers shopping, dining, and cultural options. For those that don’t want to go all the way to Charlotte, York County itself has plenty of options to explore, including one of several properties listed on the National Register of Historic Places. There is also a new children’s museum in the area as well as additional opportunities to see local wildlife in Kings Mountain State Park.

Currently there is 1 home on the market so the neighborhood is in high demand. This represents 1.7 months of inventory, making the neighborhood a seller’s market. This is comparable to York County as a whole, which is also more of a seller’s market.

In the last year the average price of homes have increased substantially but the average price per square foot has only increased slightly. Homes are currently on the market for around $575,000 and all homes are designed with modern finishes.

With its secluded feel and proximity to so many local and city amenities, Handsmill on Lake Wylie is the perfect place for a family home.

Steele Creek and Lake Wylie Housing Market Report 2017-2018

The Steele Creek Real Estate market continues to be one of the top markets in the Country and is estimated to be one of the top 5 in the entire Country by the end of 2018.

On the National scene existing Home sales will finish at a pace not seen since the bubble bursting run up to 2006 clocking in at about 5.5 Million but amazingly still approximately 1.1 Million less than that all time high.

According to forecasts by the National Association of Realtors the steadily improving US economy, sustained job growth and rising confidence that now is the time to buy a Home should pave the way for an increase in Homes sales in 2018.

Back to Steele Creek, the availability of land, proximity to Charlotte’s 485 outer loop, Downtown and the Airport along with a widely diverse Housing Market are driving increases in prices and sales. A new master planned Development is in the final planning stages for the large mainly undeveloped area west and south of the Airport which will include the proposed River District slated to be larger than the Ballantyne area in South Charlotte. The area is expected to increase in population by 20-25% over the next 5 years.

Sales of new and existing Homes in the Steele Creek area over the past 12 Months for the zip codes of 28278 and 28273 were at a staggering pace of close to 2000 sold, leading the way the Community of Berewick with sales up 33% to 356, the Palisades with 131 sales was a distant second.

Another large Master planned Community is rising in Gaston County near Lake Wylie and Belmont called McLean, while just getting started sales were up to 40 in 2017.

Over on the South Carolina side of the Lake new Developments are popping up like spring flowers, national production Home Builders like Mattamy Homes and DR Horton along with local Builders, Fielding and Bonterra Homes are building a potpourri of styles and myriad of prices. New Home sales in the Lake Wylie SC area have increased from 75 in 2014 to around 200 per year at the end of 2017.

Sales of existing Homes in the Clover-Lake Wylie-York area zip codes of 29710 and 29745 although not quite as strong as its counterpart Steele Creek were close to 1300 over the past year. The top seller in that area is the well-seasoned “Jewell” of them all, the magnificently well planned Community of River Hills with close to 80 closings and an average sales price up 15% to $354,000.

WATERFONT MARKET UPDATE

Median prices continue to rise in the waterfront market due to low inventory and high demand, as of this writing there were just 57 active listings in both Carolinas down from the 120-140 we experienced for a few years with only 6 priced below $500,000. The 1 Million plus market was very active with 16- 1 Million Dollar plus Homes closed in 2017 and currently 12 were on the market. A total of 169 waterfront Homes sold down slightly from the year before with a median price pushing close to $700.000 up from the low $600,000’s that were steady for some time.

As urbanized Charlotte continues to gobble up large tracks of land for high density development the demand from those looking for the serenity and peace of Lake living along the shores of Lake Wylie will find it more and more difficult to afford.

Lake Wylie and and US Real Estate Market Report

The steadily improving US economy, sustained job growth and rising confidence that now is a good time to buy a Home should pave the way for an increase in existing Homes sales in 2018 according to forecasts by the National Association of Realtors.

Nationally existing Home sales will finish at a pace of 5.47 million the best since 2006 but still about 1.1 million less than that all-time best mark.

The lack of inventory has pushed prices up 48% from the low point of 2011, locally the Steele Creek area remains one of the hottest markets in the Country, the population is expected to jump 20-25% over the next 5 years, and for most of us originally from the area this is both a blessing and a curse.

Closings in the past 6 months are at 834 with 211 under contract and currently 221 listed for sale.

Prices on Waterfront Homes have steadily gone up and finding anything under $600,000 is tough sailing. Homes for sale are at an all-time low at this writing of only 78.  Median price is over $750,000 all record breakers.

Enough of the boring stats, if you’re planning to buy a Home or Condo now should be it, sitting on the fence so to speak is going to price you out of that dream Home. Quarterly prices have been increasing in some areas by 8% in the Charlotte area.

Buyers in the region are flocking to areas closer to Uptown Charlotte and prices are skyrocketing. Commute times and just being closer to the action seem to be the driving force. As traffic worsens that trend will surely continue and speaking of traffic it seems that it increases daily.

As a former member of the York County Planning Commission I always said the reason people left their former Cities and Towns and moved to this area will be the same reason they leave this area, Taxes, traffic, crime and poor planning.

David has been a Real Estate Broker, Developer and Contractor in the Charlotte area for 40 years and is currently Principle Broker and Partner of Lake Wylie Realty, David and his wife Karen live on Lake Wylie and are both Charlotte natives.

Copyright 2017 David McCorkle

Lakefront Living: 721 Anchors Bend Cove

Take a look at this beautiful custom waterfront home on Lake Wylie that features resort-style living at its best. This 3,400 square-foot home features four bedrooms, three bathrooms and is situated on over five acres of land.

Not only does this property feature a tremendous amount of curb appeal and beautiful outside features, but inside the home is equally detail-oriented with coffered and barrel ceilings, a huge master suite and bathroom with separate vanities and a gorgeous soaking tub, stainless steel appliances in the spacious kitchen, plenty of space for indoor entertaining and recreation throughout the home, and beautiful windows that let in lots of natural light.

Outside, you will find a saltwater pool and hot tub, outdoor cooking areas by the pool as well as the by the dock, and two dock options for access to the lake.
The views from the backyard space are simply stunning, and this location cannot be beat. The property offers privacy and peacefulness but is only minutes away from the dining, retail, entertainment and endless recreation of Lake Wylie.Furthermore, the home is on the South Carolina side of Lake Wylie, so residents can take advantage of the lower taxes there. For more information on this stunning waterfront property at 721 Anchors Bend Cove listed at $1,299,000, be sure to visit LKWRealty.com.

New infrastructure projects are happening in Lake Wylie

Many new developments are on the horizon for Lake Wylie, particularly infrastructure projects, which are great for the city, its residents, and the local economy. Most recently, a $1.75 million construction contract was awarded by York County Council for an intersection realignment at SC 557, Griggs Road and Bate Harvey Road, right beside Griggs Road Elementary School. The project should help with the traffic and safety of the area, and it is slated for completion by the end of 2017.

A lane-widening project is also underway at SC 274 and 279, and the $25.7 million  project is expected to be completed in 2020. Another multi-lane widening project of SC 557 that only totals about $4.3 million will also be completed in the same year. As far as this year is concerned, residents can expect a shoulder-widening on Paraham Road, with completion anticipated for this fall.

These infrastructure projects are part of the Pennies program, which has been very successful overall but has faced cost estimate issues. Many projects have turned out to be more expensive than anticipated, and there are discussions on how to fix this. There is a new staff in place overseeing the program, which could assist in making better cost estimates, as well as utilities assessments.

Overall, there is plenty of positive change in the pipeline for the infrastructure of Lake Wylie, and the Pennies project has been widely successful in helping to implement this change. For more details on these infrastructure projects and others and what it means for Lake Wylie as well as York County as a whole, be sure to read the full article at heraldonline.com.

Waterfront property on Lake Wylie: 212 Twin Coves Lane

Waterfront property is some of the most sought after real estate in Lake Wylie. This charming gem on Twin Coves Lane is back on the market and is in one of the best locations, while featuring phenomenal main channel views. It is conveniently located near everything you could want or need, including plenty of shopping, grocery stores, and local restaurants. Plus, you can take advantage of all that Lake Wylie has to offer in the way of recreation, including boating, skiing, picnics and more.

Furthermore, the town of Lake Wylie offers easy access to the big city amenities of Charlotte all while providing a fantastic community in which to live.

This 1970s traditional style home features three bedrooms and one and a half bathrooms and totals 1,300 square feet on a lot that is almost one and a half acres. This move-in ready home features recently updated carpet as well as an old caboose on the property.

This waterfront find boasts an expansive tree-lined backyard, a floating dock, a boat house, a deck and many more perks.

For more information on this property or others like it, visit LKWRealty.com or call 803-831-8588.

Main Channel Views: 212 Twin Coves Lane

screen-shot-2016-12-11-at-3-44-28-pmIf you are in search of a lovely waterfront property on Lake Wylie, you won’t want to miss this charming home on Twin Coves Lane. The property is off the beaten path, giving it a sense of privacy and seclusion, while still being extremely close to every business and restaurant that  bustling Lake Wiley has to offer. Plus, with big main channel viwes and a move-in ready home, you can’t go wrong.screen-shot-2016-12-11-at-3-45-03-pm

This home features three bedrooms, one and a half bathrooms occupying 1,300 square feet on a lot that totals almost one and a half acres. The home features brand new carpet and a two-car carport, as well as a boat house, deck and floating dock for your boating needs. Furthermore, the huge tree-lined property and fenced yard is great for playing or entertaining with friends or family. And, the property includes and old caboose!screen-shot-2016-12-11-at-3-44-51-pm

This lakefront home offers a fantastic opportunity to reside in the ever desirable town of Lake Wylie, with its picturesque landscapes, avid boating community, thriving local economy, and easy access to Charlotte’s big-city amenities. Moreover, the lucky owners of this Lake Wylie home can take advantage of South Carolina’s low taxes.

Take a look at this fantastic property today, because at $335,000, you will not want to miss this opportunity to live on the water in one of the best locations. Call 803-831-8588, or visit our website at LKWRealty.com.

Neighborhood spotlight: York’s Palm Tree Cove

screen-shot-2016-11-20-at-4-17-08-pmPalm Tree Cove, located in York, South Carolina, is a beautiful heavily-wooded Community that borders Lake Wylie and features charming new construction homes on lots that range in size from three quarters of an acre to a massive three acres.

The community features “casual yet sophisticated living” with easy access to nearby shopping and dining, as well as plenty of recreational options. Homes here are not only beautiful, but they are energy-efficient, as well.

There are currently seven homes on the market here representing 5.6 months of screen-shot-2016-11-20-at-4-33-58-pminventory. This indicates that we have a very balanced market in Palm Tree Cove, and the little fluctuation in the average price per square foot of homes indicates that this is a stable market, as well. The months of inventory in Palm Tree Cove is only slightly higher compared with that of the town of York as well as of York County, which both have 4.8 months of inventory.

With the recent dip in the average price per square foot as well as a recent increase in screen-shot-2016-11-20-at-4-33-53-pmthe average seller discount, now may be a good time for buyers to take a look at this beautiful neighborhood that not only has many fantastic community features, but also provides residents the opportunity to take advantage of lake living, lower taxes and a fantastic school district.

Check out Palm Tree Cove today!