A look at Belmont’s secluded Lakewood neighborhood

The Lakewood neighborhood of Belmont is a great enclave of smaller homes located west of historic Belmont near Goat Island Park.

Lakewood is a quiet, mature community on the heavily-wooded peninsula formed by the South Fork Catawba River.

The neighborhood is a mix of small, older homes built in the 1940s through the 1980s with styles that range from traditional brick ranches and two-story homes to more contemporary homes. Many of the homes need updating or a little TLC, but the majority has been well maintained. lakewood

Lakewood is ideally located south of Wilkinson Boulevard and I-85 in close proximity to Cramerton and historic downtown Belmont. Its prime location makes it easy to shop for everyday necessities or grab a meal out. Downtown Belmont is less than 3 miles away. A trip to Charlotte Douglas airport is about 15 minutes, and an Uptown commute is less than 30 minutes without traffic.

Unlike newer planned communities, Lakewood does not have any amenities for residents. However, its proximity to Charlotte, Belmont and Gastonia give residents plenty of options for shopping, dining, fitness and getting outside to enjoy nature.

Kings and Crowders Mountain state parks are to the west on I-85, both about 30 minutes away. For running or biking trails or riding the rapids, the U.S. National Whitewater Center is only a 20-minute drive from Lakewood.

If you want to head out on Lake Wylie for the day, public boat ramp access is 8 miles south on Southpoint Road.

Homes in Lakewood are priced in the $100,000s to mid-$200,000s. There are a wide variety of home sizes, though few homes are larger than 3,000 square feet and most are less than 2,200 square feet.

A total of 11 homes sold in Lakewood during the last 12 months, and there are currently no homes listed on the market.

The highest price of a home sold in Lakewood during the last year was $242,400. The lowest price was $115,000.

The average price of homes sold is $163,629 and approximately $90 per square foot. Sales averaged about 96% of list price.

Homes in Lakewood are zoned for Gaston County’s Belmont Central Elementary, Belmont Middle School and Stuart Cramer High School, which is a short walk from any home in Lakewood.

There are truly some great older homes in Lakewood in an area that is protected from further development due to the river around it and the park space to the south.  If you want a quiet, mature place to make a home and raise a family, then Lakewood is definitely worth a look!

Neighborhood spotlight: Clover’s Tullamore

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Great Clover schools, lower taxes and nearby Lake Wylie are just a few of the reason to take a look at the Essex Homes community of Tullamore in Clover!

Tullamore is just south of Autumn Cove and Crowders Creek Elementary School off SC 49/274.

Just 5 miles from the state border, Tullamore is convenient to all the lake-area amenities as well as 25 minutes from I-485/I-77 interchange near Westinghouse Boulevard. Nearby recreational destinations include Daniel Stowe Botanical Garden, McDowell Nature Preserve and Crowders and Kings mountain state parks.

Shopping and dining is very close just north of Tullamore at the intersection of Highway 557. There is a Lowe’s, WalMart as well as restaurants, banks and a grocery store. Further east on 49 there are even more dining options before crossing the Buster Boyd Bridge toward McDowell Nature Preserve.

For boaters, there is access near the Buster Boyd Bridge and Lake Wylie Marina.

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An Essex Home in Tullamore

Neighborhood amenities include a picnic area and playgrounds.

Essex Homes is in the process of building out the 101 home sites in Tullamore, and only new construction is available.

The homes in Tullamore range from 2,100 square feet to 4,096 square feet and are priced starting in the $300,000s. Both ranch and 2-story homes are available in Tullamore on generously-sized lots. Essex is offering 10 home plans with a range of customizable options.

There are currently 11 homes listed for sale in Tullamore. Only 2 homes are under contract as of March 3.

A total of 7 homes have sold in the last 12 months in Tullamore. The average sales price for the homes that have sold in Tullamore is $308,409 and less than $96 per square foot.

The neighborhood is zoned for Crowders Creek Elementary School, Oak Ridge Middle School and Clover High School.

Essex Homes is also building homes in The Bluffs and Handsmill on Lake Wylie.

Find tranquil, waterfront living in Handsmill

If there is magic on this planet, it is contained in water. ~Loren Eiseley

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Water and nature are the driving forces behind Handsmill on Lake Wylie.

No matter how hectic your day or the amount of traffic in your commute, coming home should be the most calming part of your day. Add to it living lakeside in beautiful Handsmill, and your day just got a lot better!

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An outdoor meeting area in a rustic lodge setting.

Handsmill is located on Hands Mill Highway and Highway 49. The community is 15 miles from I-485 and easily accessible to medical facilities, great shopping, dining and Charlotte Douglas airport, which is about 30 minutes away. Nearby recreation destinations include the U.S. National Whitewater Center, Daniel Stow Botanical Garden, McDowell Nature Preserve and historic downtown Belmont.

The nearly 400-acre master-planned community is located in York County on Lake Wylie’s western shore. When completed, it will have approximately 500 homes, as well as plenty of green space and walking trails.

Amenities, some of which are not yet completed, will include two marinas with 60 boat slips, boat launch ramp and boat storage area; common areas and parks; junior Olympic pool; fitness center; gathering rooms with fireplaces; catering kitchen; outdoor fireplace; and children’s playground.

The community is being built in 7 phases and has separate sub-neighborhoods – The Manors, The Abbey and The Pinnacle – that include single-family homes and duplex homees built by Handsmill’s approved team of builders.

Nearest the gated entrance, the Pinnacle at Handsmill is being built by Lennar Homes. It offers single-family homes on smaller, interior lots.

The Abbey is all about lakeside living! The custom homes and wooded home sites are nearest the water. Many of the home sites have dockable waterfront lots. There is a list of lots currently available in The Abbey. They range in size from just under 0.4 of an acre to almost 1 acre. Some are interior, but there are some dockable waterfront lots available.

Homes in Handsmill are priced from the $440,000s and waterfront lots start in the $300,000s. Homes currently listed for sale range from $478,350 for a nearly 4,200-square-foot, 5-bedroom home to $564,900 for a 5,800-square-foot, 6-bedroom home. None listed is waterfront.

There are 7 new construction homes listed in MLS for sale. Only 1 is under contract as of March 23. There are also homes listed on the Handsmill site that are available and not listed in MLS.

A list of neighborhood architectural guidelines are available on the neighborhood’s web site. According to the information provided on the Handsmill site, homes range in size from mid-2,000s to nearly 6,000 square feet. No information was provided regarding future phases in the neighborhood.

Handsmill is zoned for the Clover, S.C., school system, including Bethel Elementary, Oakridge Middle School and Clover High School.

There’s no place like home…on Allison Creek Peninsula

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Allison Creek Peninsula is surrounded by Big and Little Allison Creek inlets, two recreational hot spots on beautiful Lake Wylie. Palm Cove and Palm Cove II are just 2 of the 4 adjacent communities on the peninsula worth considering if moving to the lake is on your to-do list!

The communities offer a mix of custom homes and production homes. Palm Tree Cove II is still being built out and has only new construction homes for sale, while there are a mix of new construction and resale in Palm Tree Cove.

Palm Tree Cove II homes start in the $200,000s, and Palm Tree Cove homes are a bit pricier, averaging closer to $300,000 on the low end and upper $400,000s on the high end.

Currently, there are 4 homes on the market in Palm Tree Cove, 2 new construction and 2 resale. One of the new construction homes is under contract, as of Jan. 19. The prices range from $576,000-plus to $385,000.

In Palm Tree Cove II, there are 7 new construction homes on the market. The highest list price is nearly $400,000 and lowest is in the $270,000s. None is under contract.

The location of the communities cannot be beat! Access is easy from Highway 274 onto Allison Creek Road. There is a public access point with a boat launch and day dock that many of the peninsula homeowners use. Shaded sidewalks connect all the communities along Allison Creek Road.

The peninsula offers a diversity of homes from custom homes in Mariner’s Bluff or Mariner’s Watch Cove – the other two neighborhoods that share the peninsula – and homes outside the 4 subdivisions that could be a small cabin or a waterfront mansion.

Winter is the perfect time to dream about summer fun on the lake. If you’re thinking of moving then you can’t go wrong with a home on beautiful Allison Creek Peninsula!

Belmont: A little town with a lot going for it

belmontLong-ago dependent on the textile industry for its lifeblood, the city of Belmont now stands on its own as a thriving suburb of Charlotte.

Downtown Belmont has a small town feel with locally owned boutiques, restaurants and a general store. Rest assured, you can still find modern-day services and amenities, too. It’s also home to the gorgeous Daniel Stowe Botanical Garden and Belmont Abbey College, a private liberal arts Catholic college.

The town is great for outdoor recreational activities and raising a family.

Getting to and from Belmont in Gaston County is a breeze. Interstate 85 passes through, as does Wilkinson Boulevard (US-74). Charlotte/Douglas airport is just 7 miles to the East.

Belmont is situated on a peninsula of land formed by the Catawba River and one of its tributaries, the South Fork Catawba River.

As of Jan. 13, there are 184 properties listed for sale in Belmont. Several of those homes are waterfront. There are also a few new construction waterfront homes in McLean, South Shore and The Conservancy neighborhoods, located southwest of downtown Belmont near the Daniel Stowe Botanical Garden.

List prices range from nearly $2 million for a 6,800-square-foot-plus 2005 waterfront home in Misty Waters subdvision to under $30,000 for a small inland home that is north of I-85 toward Mt. Holly.

There are currently a total of 95 waterfront homes listed on all of Lake Wylie, with an average price of nearly $780,000.

Eighty-seven percent of the homes sold in Gaston County in 2015 fell into the less than $250,000 category. The $250,000 to $500,000 range accounted for 12.4% of the market, and the remaining 0.5% went to homes $500,000-$1 million and above.

 

Palisades brings nature home

Just south of the Buster Boyd Bridge on the North Carolina side of Lake Wylie is the awe-inspiring 1,500 acre master-planned community of The Palisades, where Mother Nature and modern lifestyle peacefully coexist.

The Palisades actually comprises 15 different named neighborhoods built by one of the community’s 5 builders. Outside your front door is all Lake Wylie has to offer in the way of water sports and fantastic views. In addition, there is a residents club, country club and golf course and recreational facilities.

Screen Shot 2016-01-07 at 9.08.51 PMThe effort to preserve nature, green spaces and watersheds earned the community an Audubon International Certification. Residents can enjoy that nature on the community’s numerous trails.

Home prices range from the low $200,000 area to well over $1 million. There are new homes and lots on the market as well as previously occupied homes. The Palisades offers a limited number of waterfront homes sites.

As of Jan. 7, there are 74 homes on the market in The Palisades, 23 of which are under contract. Many of the homes listed are new construction.

During the last 12 months, an average of 7.1 homes sold per month in The Palisades. Given the number of homes currently for on the market, that is more than 10 months inventory. Nearby Riverpointe has about the same amount of inventory. Charlotte and Mecklenburg County each as 3.8 months inventory.

The average sales price in The Palisades during the last 12 months is just over $463,000, with an average price per square foot of $113.12.

The highest price of a home sold during the last year is $950,000; the lowest sold for $268,700.

Spotlight on Forest Bay

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Six miles south of downtown Belmont on a peninsula of land between the Catawba River and the northernmost finger of Lake Wylie lies Forest Bay subdivision. The enclave of luxury homes offers lakeside living without giving up proximity to metro Charlotte.

Forest Bay is easily accessible from downtown Belmont via Highway 273 and a short drive from the beautiful Daniel Stowe Botanical Garden.

The majority of established homes were built in the early 2000s, however, there are  2 lots available for sale in the subdivision as of Dec. 26.

Screen Shot 2015-12-27 at 6.23.17 PMThe average number of homes sold per month during the last 12 months is less than 1. No homes have sold in Forest Bay during the last 3 months. The highest sales price in the last 12 months was $1.045 million and lowest sales price was just shy of $450,000.

The average sales price for the last 12 months is $739,500 and average price per square foot at just over $157. Because so few homes are sold in the neighborhood annually, the average sales price and average price per square foot data for the last 12 months is not enough to draw conclusions about overall trends for the neighborhood. The data appear to show a downward trend, however, it represents only 3 home sales.

Screen Shot 2015-12-27 at 6.23.29 PMCurrently, there are 2 homes on the market in Forest Bay, one of which is under contract. The subdivision has 8 months of inventory, slightly higher than the 6.2 and 5.8 months inventory for Belmont and all of Gaston County, respectively.

The real estate market tends to cool with the weather and pick up in the spring.  Forest Bay has fantastic options for finding a dream home near the lake or building it from the ground up on one of its available lots.

Market Spotlight: Tega Cay

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Twenty miles to the south of the Charlotte metro area is prime lakeside living along Lake Wylie. On a southeastern peninsula jutting into the lake is the community of Tega Cay, a three-acre planned city in Fort Mill.

In addition to the obvious allure of the waterfront, Tega Cay also offers miles of walking trails and 27 holes of golf.

graphHome sales in Tega Cay have averaged approximately 5.2 homes per month over the last year. The average sales price and average price per square foot trends have nearly mirrored each other, peaking in the last six months and trending downward over the last 3 months.

The average sales price over the last three months is just over $257,000, and the average price per square foot is just shy of $119.

Currently, there are 27 homes on the barmarket in Tega Cay. Of those listed, 11 are under contract as of Dec. 15. This represents a market inventory of a little over 5 months, given sales average just over 5 per month. Fort Mill and York County have 5.4 months and 7.3 months inventory, respectively.

On all of Lake Wylie, there are currently 97 waterfront properties listed for sale or 11.2 months inventory. The average sales price of a Lake Wylie waterfront home is $755,034.

Lake Wylie Realty welcomes Patti Elam

Patti PhotoLake Wylie Realty is pleased to announce the addition of North Carolina, South Carolina Broker/Realtor to the Team Patti brings over 30 years of experience to the Company and will specialize in all phases of the Industry. Contact Patti at 704-309-6912 or email at http://www.patti@lkwrealty.com

 

Lake Wylie Market Report First Quarter 2015

Click the link in blue above for the first Quarter Lake Wylie

Market Report 4/15

Information provided by the Carolina MLS