Upcoming Lake Wylie Projects

The rejected plan for Vista at Lake Wylie

There are some projects that are in the planning stages in the Lake Wylie area that have us pretty excited. York County Council is working with developers and builders and the community to make sure all parties are in agreement on these projects. There is still more opportunity for plans to be amended, but here is what we know so far.

Vista at Lake Wylie has put forth a third proposal for development on 179 acres at SC 274 and Pole Branch Road. The first two plans called for 178 homes on the parcel. Owner Marsh Realty Co and developer MT Land have altered the proposal which now includes 89 homes. The project was held up in 2017 due to traffic concerns and relocations/modifications to a few intersections. The major highways that serve the area currently receive failing grades to meet the increased traffic demand. If approved, this project could be great for the area. Plans are said to include two entrances as well as lake access.

Another plan in the works is from Bonterra Builders. They bought almost 33 acres on SC 557 and are working on a plan for permitting. The site is just beside Oakridge Middle School. No word yet on the name of the project or how many homes they expect to build there. The location is great however so we are excited to see what they have planned.

If you are interested in a home in the Lake Wylie area, give us a call at 803-831-8588 or visit our website to view current listings and create custom searches.

Year End Market Wrap Up

The start of the new year is always a time of reflection. Looking back at the year in Real Estate is a good way to see where we are and where we anticipate the market is heading. Predictions are imprecise at best, but we can show you the yearly trends and give a possible scenario for the future.

When you look at the Lake Wylie area, if you look at the trend over the previous few years, you can see that there are more new listings now than ever before. In 2013 there were just 1,056 new listings all year and in 2018, there were 1,656. This increase reflects the boom in the area with new construction, renovations, and the growth in the area.

Closed sales have gone up as well which shows more of the story of the population boom. In 2013 just 646 homes closed. In 2018 there were 1,227, an increase of 581 homes. When you look at the entire Charlotte area, the increase is much larger over the course of those years, 13,220 more, but the region has grown  a lot over that time and the MLS data also includes surrounding counties now and it did not before.

Prices of homes are one of the more dramatic areas of growth over the time between 2013 and 2018. In 2013 the average home in Lake Wylie sold for $327,130. In 2018 the average Lake Wylie home sold for $397,957, and increase of just over $70,000 in just 5 years.

When you look at the shorter trend, comparing 2018 to 2017, you see that Lake Wylie is not seeing the slump that the rest of Charlotte is seeing. Lake Wylie has had gains in new listings, pending sales and closed sales. In comparison, Charlotte as a whole has seen declines in all three. It remains to be seen if Lake Wylie will see the slowdown that has been evident in the region as a whole. The Lake is a huge draw so it will probably see the slowdown much later than the rest of Charlotte, if it sees it at all. Looks like the Lake is a good bet for the foreseeable future.

If you would like to own a home in Lake Wylie, give us a call at 803-831-8588 to schedule a private tour of homes. You can view current listings and create custom searches on our website.

December Market Report

The monthly numbers are in from the Carolina Regional Realtor Association. Each month they compile data from the Carolina Multiple Listing Services Inc to get a portrait of the local real estate market.

When you start digging into the numbers, for the entire Charlotte region sales were down 14% from December of 2017. Prices were up slightly, with the average sales price up 1.1% to $282,894. Inventory was down yet again from a 2.3 month supply to a 2.2 month supply, a decline of 550 homes. This leaves sellers again in the best position in real estate deals with a balanced market considered to be a 4-6 month supply of inventory. Pending sales were dead even and new listings were down 4.4% from this time last year.

When you look just at Lake Wylie, the story is a little bit different. Closed sales were indeed down year over year 15.3% from 98 to 83. Due to the small sample size, the percentages can look extreme so please keep that in mind. Average price was up year over year to $409,539, an increase of 16.2%. Inventory was dead even from last year in terms of months of supply at 3.3, but remember about that extreme note from earlier, there were actually 26 more homes on the market.

This means that sellers are still in a slightly better position in the Lake Wylie area. New listings are on the rise in the area with many new construction projects helping to boost the supply. The new listings were up 23.9% from 67 to 83. Pending listings were down year over year from 75 to 62, down 17.3%. Homes spent longer on the market in 2018 with days on market up 102% from 51 to 103, but this probably reflects new construction homes which typically stay on the market substantially longer than existing homes.

If you are in the market for a home in the Lake Wylie area, give us a call at 803-831-8588. You can also view current listings and create custom searches on our website.

Explore Lake Crest

Home builder Mattamy Homes is currently building another great project nestled on the banks of  Lake Wylie. These homes back to wooded green space and there are some basement lots available. Amenities serve the community as well as country clubs, parks, and the lake. There are great school assignments and a Clover, SC address.

Located just across the Buster Boyd Bridge, and across the street from D.R. Horton’s new community of Cypress Point. This spot is great for access to the lake as well as a quick Uptown commute up Highway 49/Tryon Street. There are many options nearby for outdoor recreation, golfing, shopping, dining, and much more. Nearby highway access will connect you with all parts of the city.

Homes in this desirable neighborhood start in the upper $200’s so are a great affordable place to get lake living. Homes have between 3 and 6 bedrooms, 2.5-3.5 bathrooms and 2,205 to over 3,000 square feet of living space. There are six plans to choose from with many different options for upgrades to make the homes your own. They range from one story ranch style homes to two story to one and a half story homes. Amazing details are found throughout the homes from craftsman style porches to shingle siding to chef’s kitchens and home offices with built in cabinetry.

Lots are small and easily manageable, perfect for busy families or downsizing. A community pool and cabana, hiking trails, and ponds round out the community. There is also a public boat and kayak launch a short drive away. Homes in Lake Crest are zoned for nearby award winning Clover schools.

If you would like to schedule a private tour of Lake Crest or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can also view current listings on our website here.

New Restaurant Coming to Lake Wylie

Residents have been waiting with baited breath to find out what will replace beloved T-Bones on the Lake. The wait is finally over. A new restaurant and bar is headed to the prime Lake Wylie spot called Papa Doc’s Shore Club.

T-Bones on the lake was a fixture of Lake Wylie for 24 years. Located on Highway 49 on the South Carolina side of the Buster Boyd Bridge, T-Bones was the perfect location for car riders as well as boaters. It served thousands of customers Western themed seafood, steaks and late night comfort food. This location has been a restaurant for almost 50 years so before T-Bones it was Hungry Fisherman.

The new Papa Doc’s Shore Club is being put together by Charlotte’s Bottle Cap Group. In Charlotte they have been behind restaurants Ink N Ivy, All American Pub, Slate Charlotte, Whiskey Warehouse, Jacks Corner Tap, Brazwells Premium Pub, Hot Taco, Rosemont and Oak Room. They also have locations in Greenville and Charleston, South Carolina.

Papa Doc’s Shore Club is expected to serve a modern American menu including seafood influences. Offerings will include oysters, lobster tails, and daily chef’s specialties. The bar will feature a tiki-themed cocktail menu. They plan to serve lunch and dinner each day, have a merchandise store, and have to-go service for boaters.

Expect Papa Doc’s to be a great gathering space for community events as well. T-Bones was known for charity work and community events and Papa Doc’s wants to fill that slot. Hopefully they will continue the annual Lake Wylie Children’s Charity fall benefit concert, Riversweep, and the Lights on the Lake holiday boat parade as well as many smaller events throughout the year. An opening date has not yet been set, but expect it sometime in 2019.

For information on waterfront properties in Lake Wylie, take a look at our website, or call 803-831-8588.

To read more about this exciting new project, check out the articles in The Charlotte Business Journal or The Charlotte Observer.

New Bakery open in Lake Wylie

A new bakery just opened in Lake Wylie co-owned and run by local resident Joy Sanderson. The new place is called the Fast Frog Bakery and is a great place for go for a sweet indulgence, custom cake, or cookie to go.

Joy Sanderson grew up in Charlotte and has lived in the Lake Wylie area for the last 20 years. She earned her baking degree at Central Piedmont Community College. She went on to work for different restaurants and Harris Teeter  for the past 14 years and has broken out to do her own thing now.

Fast Frog Bakery is located at 5400 Highway 55 near the old 5 points intersection where South Carolina 49, 274 and 55 and Lake Wylie Road meet. This is a growing area and should be a great place to be for years to come. With recent neighborhoods such as Revere at Lake Wylie, Tullamore, Paddlers Cove, Autumn Cove and Kings Cove, there are many more customers nearby.

Offerings at Fast Frog range from muffins, to cakes, to cookies, to chocolate dipped fruit. They also do custom cakes for weddings, baby showers, birthdays, and other occasions. Fast Frog is open 10 am until 7 pm Tuesday through Saturday.

If you would like to live in this growing area and feed your sweet tooth regularly, call us at 803-831-8588 or explore our website first and call when you are ready.

To read more about the Fast Frog Bakery, check out the full article in The Herald.

Get It All In North Reach

Location, amazing homes and abundant amenities. Sound good? You can get that and more in Taylor Morrison’s new Lake Wylie neighborhood of North Reach. There are a few chances left to start from the ground up to build the home of your dreams.

This neighborhood was begun by Bonterra builders which became part of Taylor Morrison Homes. They are offering 8 floor plans and a total of 138 lots in the neighborhood. There are cul-de-sac lots available as well as many lots backing to green space.

North Reach is located 15 miles away from Uptown Charlotte with the entrance just off Grand Palisades Parkway. There are many fishing and swimming spots nearby as well as Pier 88 Yacht Club, McDowell Nature Preserve and Daniel Stowe Botanical Garden. There are great options nearby for shopping and dining at Rivergate and the new Publix for groceries. There are also outlet stores close by at Charlotte Premium Outlets.

Amenities in North Reach include a fishing cabin, walking trails and well-equipped outdoor exercise area. Homes in North Reach also include a social membership to the Palisades Country Club which features a junior Olympic swimming pool, tennis courts and clubhouse facilities. If you choose to become a full club member, you can enjoy the golf course as well.

Home in North Reach are all open-concept with modern layouts. Standard features include gourmet kitchens, owner’s retreats, and outdoor living spaces. Many homes have bonus rooms, lofts, flex rooms, formal dining, home offices and more. Homes have 1,904 to 3,633 square feet and have 2-4 bedrooms and 2-4 bathrooms. Most homes are ranch style but some are 1.5 story. There are 2 or 3 car garages and all homes are energy efficient with great architectural details.

Children in North Reach currently attend Palisades Park Elementary, Southwest Middle and Olympic High Schools. Private schools nearby include Palisades Episcopal School, Walnut Grove Christian School, and Lake Point Academy just to name a few. Please verify school assignments as they can change from one school year to the next.

Homes start at $276,990 and can go higher with options and selections. In the past year homes have sold for between $287,900 and $419,176 with an average price of $342,874. There are currently 12 homes on the market in North Reach that are in various stages of construction. There are also opportunities to start from scratch and go through the entire building process.

Explore Rustic Trails

One of the best kept secrets in Belmont, North Carolina is the small family-friendly neighborhood of Rustic Trails. This idyllic location is secluded and private while at the same time just minutes to downtown Belmont. There is no HOA, low county taxes, and great Belmont schools. What’s not to love.

Rustic Trails is located between The South Fork Catawba River and the the Catawba River directly south of downtown Belmont. The neighborhood is just off South Point Road and has easy access to grocery stores, restaurants, churches, parks, outdoor recreation and more. There is nearby highway access taking residents to Charlotte Douglas International Airport and Uptown Charlotte. A quick trip will have you at community events in Belmont, Gastonia, or Uptown Charlotte.

Homes in Rustic Trails don’t come on the market often, so they are worth watching out for. These affordable homes were built in the 1980’s and have tons of character. There are many different styles of homes from one story to split-level to two story. Many sit on lots over an acre in size which leaves plenty of room for outdoor living spaces. Some home have pools, wooded lots, decks, detached garages and workshops and much more.

Homes here typically have 1,300 to 1,600+ square feet of living space with 3 bedrooms and 2 bathrooms. Some of the homes have been updated since they were built, however there are opportunities to update homes yourself. In the past year, homes in Rustic Trails sold for between $171,500 and $203,000 which makes it really affordable for many families.

Children in Rustic Trails are currently zoned for great Belmont schools. Assignments are for Belmont Central Elementary School, Belmont Middle School, and South Point High School. Please verify school assignments as they can change from time to time and boundaries occasionally cut through neighborhoods.

Visit Lake Wylie’s Cooks Cove

Cooks Cove is a beautiful enclave of gated luxury homes on the shores of Lake Wylie. These homes are a true escape from the busy pace of life. Enjoy lake living at its finest in one of these homes that rarely come on the market. This great location has everything you need along with great schools and is truly an oasis.

The neighborhood is located on the shores of Lake Wylie off of Lake Wylie Road. Residents can get quickly to Highway 49 to connect with I-485 and  I-77. This will easily get you to Uptown Charlotte and Charlotte Douglas International Airport. There are also nearby options for shopping, dining, and entertainment.

With custom homes built in the early 2000’s, Cooks Cove has every feature you would expect in a modern luxury home. Some of the homes feature salt-water pools, home theaters, libraries, wine cellars, sports courts, 4 or more car garages and much  more. Homes typically have around 4,000 to 8,000+ square feet of heated living space. Most of these homes have at least 4 bedrooms and 4-6 bathrooms.

Expect master suites with spa like bathrooms and custom closets. Many of the homes have fully finished basements adding valuable space for living and entertaining. The waterfront homes have docks, boathouses, and/or floating docks. Many of the homes have extensive outdoor living spaces including outdoor kitchens, decks, paver patios, screened porches and more. Homes have custom cabinetry, high ceilings with trey and coffered details, tankless hot water heaters, central vacuum systems just to name a few.

Children in Cooks Cove currently attend Crowders Creek Elementary School, Oakridge Middle School, and Clover High School. These schools are top in the area which makes Cooks Cove even more desirable. Please verify school assignments as they can change from one school year to the next.

Neighborhood Spotlight: Catawba Heights

Just North of Belmont Abbey College sits the amazing neighborhood of Catawba Heights. The homes come in all shapes, sizes, and ages for an eclectic mix where there is sure to be a home to suit any family.

The location is perfect for this neighborhood, close to downtown Belmont giving access to restaurants, shopping, and community events. There is nearby highway access taking residents quickly to Charlotte Douglas International Airport, and Uptown Charlotte. There is possibility of light rail coming through the area in the next few years making the location even more attractive. The US Whitewater Center is nearby for watersports, biking trails, and much more. There are many options nearby for shopping, dining, and entertainment.

Some of the homes are small and are perfect for students. Some of the homes are larger, perfect for families. There are new construction homes as well as older homes with character. Many of the homes have been updated, remodeled, or have additions. There are also many homes that are in original condition just waiting for you to add your personal touches.

Homes in Catawba Heights range from 672 to 2,600 square feet of living space. They range from a 1 bedroom, 1 bathroom homes all the way up to a 4 bedroom, 2.5 bathroom home. There are many ranch style homes as well as two story homes for some of the larger plans. Lots range from a fifth of an acre up over half of an acre and many lots are wooded and feel really private.

In the past year, homes in Catawba Heights have sold for between $52,500 and $319,000 with an average sold price of $142,500. There are currently 6 homes on the market in Catawba Heights representing a 4.2 month supply of inventory.