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.

 

Spotlight: The Coves on River Oaks

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The beautiful Coves on River Oaks offers residents large home lots in a peaceful lakeside setting.

Developer May Green Properties planned the 250-acre neighborhood that has just 160 home sites. It is located just north of the intersection of highways 557 and 274. It’s just 2 miles north of the Buster Boyd Bridge.

Aside from the proximity to Lake Wylie and all it has to offer, the neighborhood has walking trails and lots of common area green space. Additionally, it is close to local shopping, dining and restaurants.

Veranda Classic Homes has 6 floor plans to choose from or buyers can choose their own builder for a 3,000-square-foot minimum home size. The homes are priced from the high $400,000s to the $700,000s.

A custom Craftsman-style home that sold in The Coves on River Oaks last year.

Some of the custom builders in The Coves are MJ Palmer Construction Co., Aspen Homes, Beckham Custom Homes and Holmes Construction.

The first 3 phases of the community sold out, and May Green is offering “estate” lots of 4 to 10 acres in size. Even the standard home size lots of 1.4 to 3 acres are large compared to most planned community lots. There are no waterfront lots but many water view lots.

Currently, 8 homes are for sale in The Coves on River Oaks. One home is a 2010 resale home and the rest are new construction. Three are under contract as of March 1.

Only 4 of the 9 homes sold during the last 12 months were resale homes. The average sales price was $582,478, with an average price per square foot of just under $139.

Resale homes sold for an average of 94.5% of list price. The overall sales average was 97% of list price.

Fewer than 1 home sells per month in The Coves, which puts inventory at more than 8 months. Nearby neighborhood The Landing has 9 months of inventory and 9 homes currently listed for sale.

The Coves on River Oaks is zoned for Crowders Creek Elementary, Oak Ridge 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!

Top 3 Things to Do on Lake Wylie

lake-clubhouseLake Wylie is the perfect place to take a vacation or day trip. Here are just a few activities to do during your stay:

Hike the Trails: Take a hike over the McDowell Nature Preserve. Over 7 miles of hiking trails are available for you to explore the beauty of Lake Wylie. You can also camp, fish and boat along Copperhead Island. Finally, wrap up your day with a picnic in one of the designated areas.

Splash Dash: Participate in the annual Lake Wylie Splash Dash! Get your running shoes on for a 5K or 10K. Donate just $10 to the Camp Thunderbird Scholarship Fund to walk the course and receive a free t-shirt.

Lake Wylie Music Fest: Visit the Lake Wylie Music Fest and Craft Beer Extravaganza! Admission includes beer samplings, a commemorative glass, backstage enjoyment of Music Fest and a variety of vendors.

Although Lake Wylie is a great place to vacation, it’s even a better place to live! Among our 325 miles of shoreline, there are countless waterfront homes currently available. During your visit, we invite you to tour some of our Lake Wylie waterfront homes. Visit LKWRealty.com for current listings, additional information on neighborhoods, and more.

Lakefront Living: Tips On Purchasing Lakefront Property

lakefrontLakefront homes are a certain niche in real estate. Choosing to live on a lake requires a certain amount of lifestyle choices to consider. Typically, homes located on a lake are considered more valuable, which leads to a higher price tag. Even when the housing market declines, the lake housing market holds steady as the value does not decrease with the market. When considering the purchase of a lakefront home, it is important to consider many factors. Here are a few tips before purchasing lakefront property.

 

Location: Be conscious of where the house is located on the lake. This could include an area of the lake that is rocky or sandy, if the windows primarily face the lake, or if there is a boat launchpad nearby.
State of the Home:  When looking to purchase a home on a lake, consider that there is constantly moisture in the air. Be wary of purchasing a home that has had previous damage or issues with affected wood, metal or stone that is attached to the home. Contact a home inspector for this step, if possible.
Hire the Right Realtor: The right realtor will understand what you are looking for and avoids wasting your time on properties that are not within your budget. You want a realtor you can trust to help you attain the best deal on your next home.
If you’re in need of a realtor in Lake Wylie, contact Lake Wylie Realty!