Lake Wylie Confirmed Attractive for Retirees

Niche, a Pittsburgh-based research and review site, just released their rankings for the top spots in the Charlotte area for retirees and those soon to reach retirement. Lake Wylie and surrounding communities rank high on the list and it’s not hard to see why. The Lake lifestyle and abundance of great homes are attractive all on their own, but Niche also measured many other factors to come up with a score for each area. Some of those included share of residents 65 or older, proximity to amenities such as restaurants, golf courses, exercise facilities, and health care. The categories were weighted with percentage of residents 65 years or older getting the most at 15%.

Belmont came in at #18 in the Charlotte area and nationally in at number 3,984. The area gets an A grade for Public Schools, Housing, Good for Families, and Jobs. B grades were earned for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Weather, Health and Fitness, and Commute.

Lake Wylie as a whole came in at #12 in the Charlotte area and nationally in at number 2,977. Lake Wylie gets A grades for Public Schools, Housing, Good for Families and Jobs. B grades were given out for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Diversity, Weather, and Health and Fitness. The only C given here was for Commute.

Tega Cay came in at #4 in the entire Charlotte area and 1,411 nationally. This great area received A grades for Public Schools, Housing, Good for Families, and Jobs. B grades were awarded for Cost of Living, Outdoor Activities, Crime and Safety, Nightlife, Diversity, Weather, and Health and Fitness. They did however receive a C for commute.

If you are interested in purchasing a home on or near Lake Wylie, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

To read more about the Niche rankings, see the full story in the Charlotte Business Journal.

Featured Listing: 4548 Water Oak Drive

Just listed is this amazing custom built home located in The Coves. This home sits on a one acre estate sized lot with a private backyard with large screened porch, patio, mature trees, and lots of green space. The lake is across the street and you can enjoy views from the front and side yards. It’s a true must see!

Amazing attention to detail is the hallmark of this true custom home. Outside you’ll find a side-load two car garage, full brick veneer, and lush landscaping. Inside you’ll find gleaming hardwood flooring and abundant natural light. Extensive mouldings, trey ceiling, coffered ceiling, and wainscoting are throughout. Plantation shutters, vaulted ceilings, and an open floorplan make this home perfect for any family.

Within the 3,520 square feet in this home are 5 bedrooms, 4 full bathrooms, and a powder room. The master is on the main floor as are a breakfast room and dining room. Upstairs you will find three bedrooms, two full baths and a large bonus space. There is plenty of room to set up a home office or media room.

This home resides in The Coves, a great Lake Wylie neighborhood built in phases in the early 2000’s. You’ll feel like you are in a true retreat, though restaurants and shops are just 5 minutes away. If you have a boat, you can store it just 3 miles away at the Harbortowne Marina. This home is located just down the road from the Daniel Stowe Botanical Garden, close to shopping, dining, and easy access to Uptown Charlotte and Charlotte Douglas International Airport.

If you are interested in scheduling a private tour of this amazing home, give us a call at 803-831-8588. You can view additional photos on the full listing here.

Explore Manors At Handsmill

If you love the Handsmill area of Lake Wylie and want a new construction home, Manors At Handsmill may be the right choice for you. This section of Handsmill has new construction homes built by True Homes that share the same private gated community and amenities. Enjoy the slower pace of Lake living, just 40 minutes away from Uptown Charlotte.

True Homes has 11 floor plans to choose from in Manors At Handsmill ranging from 2,157 to 3,614 square feet. These homes have between 3-6 bedrooms and 2-5.5 bathrooms. Many of the plans have home offices, flex spaces, gourmet kitchens, butler’s pantries, trey ceilings, and much more. Homes have one or two stories and many include drop zones with cubby storage perfect for coats and backpacks. Children in Manors At Handsmill currently attend desirable and award winning Clover schools.

The amenities are a major draw for people moving to Manors At Handsmill. They equal or exceed any other upscale lakeside community. There are two community marinas, docks, Resident’s Club Clubhouse, pool and fitness center. Outside you will find walking trails, a sandy beach, park, playground, playfield, boat and RV storage area and garden plots. These are all in addition to the 300 miles of shoreline and 14,000 square miles of Lake Wylie.

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Prices start at $273,900, though most homes with upgrades and options sell for over $300,000. Properties with water frontage command a premium and have sold for up to $1.7 million.

If you are looking to buy a home in Manors At Handsmill, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

April Market Report

Analysts are optimistic about a slow-down in the rapid pace of home price increases in the Charlotte area. There also appears to be a halt to the decline in the number of homes sold, bucking an 11-month trend. It remains to be seen if the halt is temporary, or the beginning of a longer trend. Homebuyers could use a break as they have not had equal footing in real estate transactions with sellers for a long time with the persisting low inventory and rising prices.

When you look at just Lake Wylie, you see that homes are selling quicker than at this time last year. In fact, cumulative days on market before sale went from 96 days down to 69 days, down 28.1%. Days from listing to closing also reduced from 128 to 103, a reduction of 19.5%.

Inventory is down slightly in the area, from 3.9 to 3.8 months of supply, but not nearly as low as the entire Charlotte area at 2.2 months. New listings are up slightly year over year from 176 to 178, a rise of 1.1%. Closed sales are up 7.1% from 113 to 121. But the big story in Lake Wylie is that pending sales were up a whopping 30.4% from 115 to 150! This is great news for the next few months as we should see strong sales numbers when these pending sales head to the closing table.

Prices in Lake Wylie are headed down per the report, but remember due to small sample size, a few large transactions, or lack of them, can skew numbers so we need to wait and see if this is part of a larger trend. Average sales price was down 5.3% from $395,080 to $374,062. Median sales price was also lower by 8.4%, from $360,426 down to $330,000.

If you are looking to buy or sell a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

 

New Development One Step Closer in Southeast Gastonia

Though it has been talked about for years, a major residential project is about to be a step closer to fruition. The land in question sits at the intersection of Union Road and Union-New Hope Road, near the Carolina Speedway, and has 315 acres. There have been many different plans for the project over the last 15 years, but the recession derailed the plans.

This Thursday, the Gastonia Planning Commission will review and vote on a preliminary plat for a subdivision on the property. The plan is from Suncrest Real Estate and Land out of Phoenix, Arizona. It includes 400 single-family homes on 243 of the 314 acres. This would be phase one of the project which could be named Nolan Farm after the main street in the plan.

The zoning on the property could eventually allow for as many as 760 homes, though the expectation is that the number will be lower so there can be a mix of residential and commercial. With that many homes, there will need to be supporting businesses from gas stations and shops, to restaurants and entertainment. Within the community expected amenities include a clubhouse, pool, athletic courts, sidewalks, walking trail, pocket park and green space.

Part of the plan also includes extending utilities to accommodate the new homes. This means water and sewer upgrades which could begin as early as this summer if the plans are accepted. The next steps after utilities are grading the site and preparing roads to service the neighborhood.

If you would like to be in the loop on this development in the works, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

 

To read more about this potential development, see the full article in the Gastonia Gazette.

 

Just Listed: 5929 Johnson Road

Newly listed is a true lakefront custom home that leaves no detail to chance. Careful thought, meticulous planning, and exquisite execution brought this amazing home together. Now it can be yours with only enjoyment ahead.

This home is located on a cove off the main channel of Lake Wylie with a Clover address that feeds to award winning and desirable Clover schools. The home is located within a community, but is not a part of the HOA. The lot is very private and is a dockable waterfront homesite. The home sits on an acre of property giving privacy, but also room for outdoor entertainment and living spaces.

This home is unique as it has a fully finished basement, as well as a carriage house with a suite perfect for a caregiver or the in-laws complete with full kitchen. Also included are a en-suite laundry, fitness room, and home office. You’ll be amazed at the custom built-ins, the chef’s kitchen, and the details like chair rail and wood inset trey ceiling.

You’ll love to relax on the deck or have morning coffee on the screened-in porch. The view of the lake is phenomenal. You can tool around the neighborhood on a golf cart and park it in its own private garage. You’ll also love the abundance of natural light that plays on the vaulted ceiling in the main living area.

To schedule a private tour of this home, give us a call at 803-831-8588. You can view the full listing and see additional photos here. To view additional listings and create custom searches, visit our website here.

Great Value in Irish Downs

While the Charlotte metro area is staring in the face of an affordability crisis in residential real estate, people are looking further out from the city center to get great value. One place where you can find great affordable options without giving up quality or desirable school is Irish Downs in Clover, South Carolina. This highly sought after neighborhood has homes under $200,000 and feeds to award winning Clover schools all just over 30 miles from Uptown Charlotte.

Homes in Irish Downs were built between 2003 and 2018. Most homes have between 3 and 4 bedrooms and 2 to 2.5 bathrooms in 1,600 to 3,100 square feet of living space. These homes contain features such as large kitchens, fireplaces, flex-spaces, lofts, garden tubs and much more.

Irish Downs is in a great location, just about a mile to the Northwest of the main intersection in Clover. This means that residents are close to community events, shopping, dining, entertainment, schools, and much more. Clover is a great family-friendly community with a population over 5,000, though that is sure to become larger as more people find out about this great area.

In the past year, homes in Irish Downs sold for between $148,000 and $221,000 with an average sale price of $185,613. There are currently two homes available in Irish Downs with another three under contract. Homes are desirable and sell quickly with some going under contract in less than a week.

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

 

Neighborhood Spotlight: The Lakes at Derby Downs

If you are looking for a custom home in an equestrian community in York County, look no further than The Lakes at Derby Downs. Though not on Lake Wylie, this charming neighborhood boasts peaceful ponds and oversized lots, perfect for a personal retreat.

Homes in The Lakes at Derby Downs vary in size from 2,300 to almost 5,000 square feet of living space. They have a variety of styles and architectural features. Some of the homes have basement lots, some have attached 4 car garages. Most of the homes have large kitchens with islands. Homes have between 3 and 5 bathrooms and 2 to 3.5 bathrooms. Additional features of some homes include coffee bars, sunken family rooms, in-ground pools, screened porches, high ceilings, spa-like bathrooms, deluxe owner’s suites and much more. Many of the homes have over 3 acres of land, perfect for outdoor sports of all kinds, as well as outdoor living spaces. The neighborhood contains equestrian facilities and equestrian trails.

Prices in Derby Downs are typically in the high $200,000’s to the high $400,000’s depending on size of the lot and of the home. Over the past few years, only one or two homes sells in this area meaning that residents don’t want to give up these amazing homes. If this is the spot for you, be ready to snap up a home when it becomes available.

If you are interested in The Lakes at Derby Downs, give us a call at 803-831-8588. We can schedule a private tour of the community and homes in the area. You can also view current listings and create custom searches on our website here.

Neighborhood Spotlight: Palm Tree Cove Ii

There are still a few opportunities for a new construction home in Palm Tree Cove Ii in beautiful Lake Wylie, South Carolina. These homes are right on the Lake with a York address and are zoned for award winning Clover schools. This Lake retreat is great for relaxation and getting away from the busy pace of city life, but are close enough for a daily commute.

Palm Tree Cove Ii is surrounded by Palm Tree Cove, and is located on a wooded peninsula on the southern part of the Lake, minutes away is the Lake Wylie Allison Creek and Boat Ramp. There are many nearby options for shopping, dining, and entertainment. There is convenient access to interstates 77 and 85 connecting to Charlotte, and Charlotte Douglas International Airport.

Builder HH Homes is still building in the neighborhood with plans of varying styles and square footages. There are ranch, two story, first floor master, and dual master home plans. Homes range in size from 2,500 to over 4,000 square feet and range from 3-6 bedrooms and 2.5-4 bathrooms. There are so many great details of these homes including home offices, theater rooms, gourmet kitchens with huge islands, flex-spaces, mud rooms, and much more.

In the past year homes in Palm Tree Cove Ii have sold for around $328,000 to around $432,000 with an average price right around $380,000. There are currently 5 homes on the market here which is great news for buyers. There is currently a 7.5 month supply of inventory which typically gives buyers the upper hand in negotiations. This is compared to the 4.8 month supply in the rest of York County.

If you are interested in purchasing a home in Palm Tree Cove Ii and would like to schedule a private tour, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Papa Doc’s To Open Soon

As soon as the liquor license is in hand, Papa Doc’s Shore Club is set to open to the public in the former space of T-Bones near the Buster Boyd Bridge in Lake Wylie. This past Thursday they began a charity event raising money for Lake Wylie Children’s Charity featuring a taste test of the cuisine. The sold-out charity event runs through Sunday.

Residents and visitors alike are excited for the opening after T-Bones on the Lake closed in December ending a 24 year run. This location is fantastic as you can arrive by foot, bike, car or boat to enjoy food, drinks and fellowship. Papa Doc’s is also close to Uptown Charlotte, around a half-hour, so is a perfect quick escape.

The new space has a tiki theme that you can enjoy as individuals, families, groups, or reserve for larger events. There is an oyster bar as well as lake themed decor and a large events space. With a total of 4 bars, the restaurant can seat 650 people. There is a huge outdoor deck, 38 boat slips, and many indoor seating and bar areas. The menu is large and varied so there is sure to be something to please every palate. Expect a wait at first as this is sure to be a popular spot.

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

To read more about Papa Doc’s Shore Club, read the full article in The Herald.