Lake Wylie Blog

Neighborhood Spotlight: North Reach

January 7, 2022 by lkw_df Leave a Comment

Your opportunity to build a home from the ground up in North Reach may be over, but you can still get in on this amazing new construction neighborhood. Builder Taylor Morrison is in closeout mode with the community, and is finishing the last homes. This is great news for buyers who don’t want to deal with the noise and dirt of construction.

North Reach is located on the North Carolina side of Lake Wylie right before the Buster Boyd Bridge. This great location is just 15 miles away from Uptown Charlotte. There are many swimming and fishing spots nearby, as well as yacht clubs and marinas. McDowell Nature Preserve and Daniel Stowe Botanical Garden are nearby and there are great options for shopping and dining close by.

Amenities for the neighborhood are about finished as well. They include a fishing cabin, walking trails, and a well-equipped outdoor exercise area. Homes in North Reach include a social membership to the Palisades Country Club, though owners are responsible for membership fees and dues. The country club features a junior Olympic swimming pool, tennis courts and fully equipped clubhouse. If you choose to become a full club member, you can enjoy the manicured golf course as well.

Homes in North Reach are open-concept with modern layouts. Floor plans are flexible so they can accommodate home offices. Homes have 2-4 bedrooms, 2-4 bathrooms, and 1,900-3,600 square feet of living space. They have 2 or 3 car attached garages, and are energy efficient.

In the last year, 34 homes finished being built and sold. There are currently 9 homes for sale, and all of them are under contract and are expected to be completed and the sales finalized before spring. Sales prices ranged from $338,877 to $607,547.

If you would like to be the first to know about a home coming up for sale in North Reach, or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Meadow Lakes

January 7, 2022 by lkw_df Leave a Comment

If you are looking for a waterfront home, but you don’t want to be on Lake Wylie with all of the boat traffic, Meadow Lakes could be the place for you. This well established community has large old growth trees, mature landscaping, and grand homes with superb neighborhood amenities.

Meadow Lakes is located in Rock Hill, SC close to Winthrop University. Residents are close to all of the conveniences they might need, and are near to highway access so they can be connected with Charlotte, NC. Lake Wylie is just a few minutes away for motorized water sports.

Homes in Meadow Lakes were built in the late 1990’s and early 2000’s and are typically 4-5 bedrooms, 3-5 bathrooms, and 2,600 to over 4,000 square feet. Homes have a variety of styles, and have large lots, most of which are over half of an acre. Some of the homes have frontage on the small lakes for which the neighborhood was named.

The community has great amenities including a clubhouse, outdoor pool, picnic area, pond, tennis courts, and street lights. The community has lakes stocked with fish and prides itself on being surrounded with forested land lending privacy and beauty to the area.

In the past year, 20 homes changed owners in Meadow Lakes with most of them going under contract in less than a week. Most of these homes that sold went for at least 96% of list price with a few homes going for as much as 6% over list. This shows just how desirable Meadow Lakes has been. There are currently four homes and one lot for sale in Meadow Lakes and all of them are under contract. Sales prices range from $350,000 for the few homes built back in the 1970’s to $765,000 for an almost 5,000 square foot home with a 3-car garage.

For more information on buying or selling a home in Meadow Lakes or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Aragon Beach

December 31, 2021 by lkw_df Leave a Comment

If you are looking for an exclusive waterfront community in York, it’s hard to get more exclusive than Aragon Beach. Over the many years that the Canopy Realtor Association has been tracking Real Estate data, only one home has ever been listed in Aragon Beach and now is your chance.

Aragon Beach is located on the very south shore of Lake Wylie. To get there, take Handsmill Highway to Mt. Gallant Road. From there, head north on Aragon Beach Road. The neighborhood winds through wooded areas and then covers a small peninsula on the Lake.

Homes in Aragon Beach are set back from the road and have lots of old growth trees lending privacy and making each home feel like a private retreat. They sit on large lots, some with well over an acre to enjoy pools, decks, outdoor kitchens, sports courts and much more. Waterfront homes have docks with boat lifts, sun decks, and private beaches.

The one home on the market has a fully finished basement, home office, gourmet kitchen, 4 bedrooms, and 4.5 bathrooms in over 4,000 square feet. The home has room for RV parking, boat parking, and room for all sorts of toys, motorized and otherwise to enjoy on the lake. This home also features an in-ground salt water pool. These homes don’t come on the market often, so this may be your only chance for quite some time.

For more information on buying or selling a home in Aragon Beach or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

This Year Resolve to Buy a House

December 31, 2021 by lkw_df Leave a Comment

The end of the year always gets us reflecting and thinking about New Year’s resolutions. If you have resolved to buy a house in 2022, here are some steps to take now that can help you keep that resolution.

Check your credit – I know many of us wanted to try and compensate for the trials of Covid by going overboard on gifts this year. Unfortunately, it can hurt when you try to buy a home if you have too many charges on your credit. It can be tempting to open a store credit card, or pay later, but banks use your debt to income ratio to calculate if they will lend money to you for a mortgage.
Get Pre-qualified – Find a lender you like and get pre-qualified for a loan. This will help you to put in an offer on a home, and it also lets you know the upper limit of what the bank will lend to you.
Get your own home ready – If you are selling your current home, you need to start decluttering and getting ready to list it for sale. Organize cluttered closets, pantries, and storage spaces to make them appear larger.

We are expecting a robust spring season for Real Estate. Many people who waited through the Covid pandemic are ready to list their homes. We can help you get ready to list your home and help you to find your next home.

For more information on buying or selling a home in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Rivers Edge

December 28, 2021 by lkw_df Leave a Comment

For a relaxed small new construction community on the banks of Lake Wylie, Rivers Edge may be perfect for you. On the North Carolina side of the Lake, Rivers Edge strikes the balance between lake life and city life. Builder Nest Homes is bringing this neighborhood to life, and you don’t want to miss out.

Rivers Edge is located on a peninsula just past The Palisades, close to Windjammer Park and McDowell Nature Preserve. Rivers Edge is perfectly positioned for residents to be close to recreation, Carowinds, golf courses, shopping centers, and outdoor activities. Uptown Charlotte is less than 30 minutes away, and Charlotte Douglas International Airport is just 20 miles away.

There are just 10 estate homes on large lots in Rivers Edge. Each home sits on at least an ¾ of an acre of old growth pine trees, and many of the homes are on waterfront lots. Homes have craftsman and modern farmhouse styling. Expect over 3,000 square feet packed full of features and upgrades on these homes. They have between 4 and 7 bedrooms, open floor plans, and side-load or courtyard style garages. Some of the homes are on basement lots and can accommodate a fully finished plan adding additional square footage.

Only one of these homes has sold, though there are three currently listed with two of those already under contract. Expect prices in the $700,000’s and $800,000’s for interior lots, and over $1 million for the waterfront homes.

For more information on buying or selling a home in Rivers Edge or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

November Market Report – Greater Lake Wylie Area

December 28, 2021 by lkw_df Leave a Comment

Our trend for the year is holding true for yet another month. For the entire Charlotte region, prices are up, inventory is low, and homes are selling quickly. According to the monthly report from the Canopy Realtor Association, homes are still selling above list price and on average are selling for 100.1% of the listed price. They are selling on average in 20 days for a whopping $409,327 average sales price.

When you look at the numbers just for Lake Wylie, you see much of the same trend. The average price for a home has risen to $519,334 and homes are selling for 100.7% of list price on average. These homes sold on average in 20 days, down from 31 days a year ago.

There are fewer homes on the market right now than last November as well. Last year there were 209 homes listed for sale, this November, there are just 117, down 44% and just a 0.8 month supply of homes. This gives sellers the upper hand in negotiations. A balanced market between buyers and sellers is typically considered to be a 4-6 month supply.

We typically see a slow down in the number of listings during the holidays and we have seen that play out as new listings are down 20.8% from last year at this time. This could be a result of more people waiting for what experts are predicting to be a small correction with more listings than usual in the spring. Pending sales are also down by 18.7% so we expect there to be fewer sales than normal in December as these sales head to the closing table.

For more information on buying or selling a home in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Riverfront

December 17, 2021 by lkw_df Leave a Comment

On Crowder’s Creek Cove, you will find a hidden gem of a neighborhood called Riverfront. Owners love these homes and they are rarely available for sale. In fact, since 2018, only four homes have changed ownership in the entire neighborhood. If you want to join this exclusive community, there is currently one opportunity, and we can help you gain entrance.

Riverfront is located on a private peninsula on the South Carolina side of Lake Wylie, in the town of Lake Wylie proper. This means that residents are close to all of the conveniences in town, but are also really close to Highway 49 for a quick trip to Uptown Charlotte, Charlotte Douglas International Airport, or into Fort Mill or Rock Hill for additional shopping and entertainment.

Homes in Riverfront are all custom built and one is a compound with 14,000 square feet with separate living spaces, multiple boat lifts, and a boathouse with living spaces. Not all of the homes are so grand, with one being a 3 bedroom, 2 bath with just over 2,100 square feet. This variety means that there truly is a home for every family here.

In the past four years, just four homes sold in Riverfront with a range of prices from $623,000 to $942,500. The current listing is much grander than previous listings, with 6 bedrooms, 7 full baths, 2 half baths, and 14,000 square feet with lake frontage for $2,500,000.

For more information on buying or selling a home on Riverfront or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: The Coves on River Oaks

December 17, 2021 by lkw_df Leave a Comment

For estate homes on large wooded lots on Lake Wylie, The Coves on River Oaks is a premier destination. This small community features homes with all of the custom details and upgrades you need, and some you hadn’t even thought of.

The Coves on River Oaks is located off of Pole Branch Road on the South Carolina side of Lake Wylie and is a quick trip into Uptown Charlotte after crossing the Buster Boyd Bridge. This location is perfect for nature lovers as you are right down the road from Daniel Stowe Botanical Gardens. You are convenient to shopping, dining, and entertainment in Lake Wylie, or a quick trip to Fort Mill.

Homes in The Coves were built over the last 10-15 years and look brand new. They include features like gourmet kitchens with butler’s pantries, and separate baking stations, extra garage bays for car collections, fully wired home offices, and much more. These custom homes contain suites for guests as well as well appointed spaces for owners and their families. Many of the homes have extensive outdoor features like pools, saunas, boat houses, gardens and gathering spaces.

In the past year, just one lot and 8 homes changed owners in The Coves on River Oaks. The lot sold for $139,000. The homes sold for between $750,000 and $1,450,000. There are currently two homes for sale in the neighborhood with one already under contract. They range from $875,000 to $1.6 million and the main difference is waterfront vs. interior lot.

For more information on buying or selling a home in The Coves or any other neighborhood in the Lake Wylie area, call us at 803-831-8588. You can view current listings and create custom searches on our website here.