Lake Wylie Blog

Explore the Peninsula at Bayshore

March 5, 2021 by lkw_df Leave a Comment

For a great newer neighborhood with large homes on large lots, look no further than The Peninsula at Bayshore. This small community is nestled on the shores of the Catawba River in Belmont, North Carolina right around the corner from the Daniel Stowe Botanical Gardens.

Homes in the Peninsula at Bayshore have private wooded lots with many sized over an acre. The exteriors of the homes are full brick with two or three car garages and courtyard style garages on some homes. Builder LiveWell developed the community with homes built between 2009 and 2018. High ceilings are a hallmark of these homes making them feel grand. Chef’s kitchens are standard with stainless appliances, gas ranges, and granite counters.

Most homes have between 4 and 5 bedrooms and 3 or more bathrooms in at least 3,000 square feet of living space. Many homes have flex spaces, game rooms, bonus rooms, home offices, and much more.

Since 2018, only 7 homes and one lot have sold in the Peninsula at Bayshore, with only one of the 7 homes selling in the last year. There is currently one home for sale in the neighborhood that went under contract after only one day on the market. These homes are desirable and don’t last long once they are listed. If you would like to be the first to know when one of these fantastic homes is about to be listed, call us at 803-831-8588.

For more information on buying or selling a home in the Peninsula at Bayshore 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: Anchorage at Tega Cay Lake Wylie | Lake Wylie Realty

March 4, 2021 by lkw_df Leave a Comment

The motto of Tega Cay is “The Good Life” and Anchorage in Tega Cay is a great place to live that motto. Anchorage has abundant neighborhood amenities, convenient highway access, and feeds to award winning Fort Mill schools.

This amazing neighborhood is located on a peninsula close to many parks, from pocket parks to sports facilities. It is just down the road from Tega Cay Marina and Boat Rentals. It only takes a few minutes to get to shopping and dining options, and an Uptown commute is a breeze.

Amenities in Anchorage include a clubhouse, fitness center, golf course, playground, pool, recreation area, tennis courts, walking trails, and Lake Wylie of course.

Homes in Anchorage have a variety of sizes and styles, and many are completely custom built. They were built in the mid-1990’s to early 2010’s, with the occasional lot selling for a new custom build. Homes closer to town start in the $300’s, but as you get out on the peninsula with water frontage, homes sell for over $1 million and are packed with luxury features. Many waterfront homes feature private pools, cabanas, private boat docks, outdoor living areas and much more.

In the last year, 10 homes sold in Anchorage with an average sale price of just over $650,000. Currently there is one lot for sale that is already under contract. With the low inventory we are having, it is rare for a new listing to come on the market, but we are ready to help you the minute a new listing is available.

For more information on buying or selling a home in Anchorage 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.

Rail Trail Light Show Here for a Few More Days

February 24, 2021 by lkw_df Leave a Comment

The interactive light show on the Rail Trail is here for just a few more days and it is worth checking out. Titled “I Heart Rail Trail: Lights”, this outdoor show along the rail trail is an interactive light installation that is here until March 7th. This means you have a few more days to check it out before it’s gone.

There are 6 different exhibits along the rail trail spanning from Carson Boulevard to Atherton Mill in SouthEnd. The installations are the work of many local artists in partnership with the Charlotte Rail Trail, Charlotte Center City Partners, and U.S. Bank. It is part of the I Heart Rail Trail initiative which should bring many projects to share with the community.

Below is a brief description and location of the six installations:

Fairy Ring – Atherton Plaza, 2102 South Boulevard – 80 hand-sculpted mushrooms – Artist Meredity Connelly
Seating ReArrangements – Dilworth Artisan Station Plaza, 118 E. Kingston Ave – ten motion illuminated chairs, socially distanced – Artist Ellie Richards
Lover’s Lighthouse – 1616 Camden Road, above Leroy Fox – illuminated lightbox with slowly changing LED lights – Artist Sharon Dowell
COVID Confessionals – Dimensional Fund Advisors Plaza, 1616 S. Tryon St. – Covid-19 themed structure with socially distanced walls – Artist Rachel Dickey
Threads – Charlotte Urban Design Center, 1507 Camden Road – stainless steel spools from a textile mill – Artist Kit Kube
Light Beans – 1100 South Plaza, at the apartment splash pad – acrylic semi-circles reminiscent of angler fish – Artist Luvly Moon

As part of the experience, guests may hear music, see performers, and more surprises. Interaction with the art is encouraged, but social distancing, masks, and hand-washing are required. More events are planned throughout the year as well.

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: Windswept Cove Lake Wylie

February 24, 2021 by lkw_df Leave a Comment

Look no further than Windswept Cove for a great waterfront neighborhood with large lots, custom homes, and fantastic amenities. Children in Windswept Cove mostly attend coveted Clover schools, though there are many private and charter options nearby. Residents enjoy lower South Carolina taxes, but enjoy the best of lakeside living. Environmental covenants in the neighborhood ensure that this natural paradise will remain a haven for people and wildlife for years to come.

Windswept Cove is located on Big Allison Creek with views of the creek and the main channel of Lake Wylie. There are 119 custom homesites in the 224 acres of Windswept Cove with an average lot size of 1.6 acres. Lots are sometimes available for custom building, though many have been built already saving you the hassle of new construction.

Homes can vary in size from 2,300 to over 7,600 square feet. Prices can vary as well due to the size of the home and location of the lot. In the last year, just one home sold for $522,000, but prices can approach and even go over $1 million for a large home with lake frontage. Homes are loaded with luxury features such as 3 car garages, home offices, custom cabinetry, fully finished basements, and chef’s kitchens.

Neighborhood amenities include a pool and clubhouse for resident’s use. There is also neighborhood lake access. There is public lake access nearby as well with a boat ramp for larger watercraft. Sidewalks connect the two parts of the neighborhood and allow residents to safely walk, bike, or run on the streets which are not a cut through for traffic.

There is currently one lot in Windswept Cove for sale where you can bring your builder to create the custom home of your dreams on a 1.65 acre lot. The one home for sale is already under contract.

If you want to be the first to know when a home in Windswept Cove or any other neighborhood in the Lake Wylie area becomes available, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Chapel Cove

February 22, 2021 by lkw_df Leave a Comment

If you want to be a part of a new lakefront community with great amenities but don’t want the hassle of new construction, check out Chapel Cove. This community has new homes, but is in the last phase of construction so the vehicles and noise will be gone soon. This gives you all the time in the world to enjoy the peace and quiet of the lake lifestyle.

Chapel Cove is located just off Shopton Road West on the North Carolina side of Lake Wylie in the Steele Creek area. Residents can quickly get on the highway for an Uptown commute, head to a sporting event, concert, or shopping trip. There are many nearby options for shopping, dining, entertainment, and outdoor recreation.

Three builders developed the neighborhood, Pulte, Taylor Morrison, and Fielding Homes. This means that there are many different floor plans, options, and styles of homes to choose from. Homes range from 3-5 bedrooms, 2.5-5.5 bathrooms, and 2,800 to over 6,000 square feet. In the past year homes sold for between $325,000 to $725,000 with the average sale price coming in at $460,000.

Neighborhood amenities include a clubhouse with kitchen, fitness rooms, and multi-use club room. Outside you’ll find a swimming pool with splash area, basketball courts, tennis courts, and pickleball courts. There are walking and biking trails winding through the neighborhood with both hard and soft surfaces. Pocket parks are throughout the community as well as a playground. One of the trails will wind through and take you to a kayak and canoe launch with kayaks provided by the neighborhood.

There are just a handful of homes on the market, but they are all currently under contract. According to builders, there are two unreleased lots still to be developed. We can help you find the perfect home in Chapel Cove as soon as it hits the market.

For more information on amazing homes in Chapel Cove or any other neighborhood 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.

January Market Report

February 15, 2021 by lkw_df Leave a Comment

Well, as expected, the market has gotten even tighter before hopefully a spring thaw. There is now just a 0.7 month supply of homes on the market in the entire Charlotte region, or 3,370 homes. Prices are still on the rise as well with the median home price up 12.9% from last year to $285,000. The average price is up 13.6% to just under $340,000. They are selling quickly as well, with the average days on market before a sale at 26. Listing to closing is happening in an average of 83 days, down 17% from 100 days last January.

When you look at the Lake Wylie numbers, you see the same trend. There are only 118 homes on the market representing a 0.8 month supply of homes. This is down 66.9% from the 357 homes on the market last year at this time.

Homes are selling quickly here as well with the average of 31 days on the market before a sale. This includes new construction homes which are hard to come by as well right now.

Prices are climbing in Lake Wylie with the average sale price up to $415,785 in January. Homes are, on average, selling for 99.1% of their list price as well. This means that buyers can’t expect any kind of discount and in many cases we are seeing multiple offers on a home and sales prices above list price.

Closed sales and pending sales are up year over year. 104 sales closed in January 2021, up 48.6% from 70 sales last January. 187 homes were pending this January versus the 117 last January, up 59.8%.

New listings however, are not keeping up with demand. Even being up 3.8% over last January, demand is far outstriping supply. Analysts are predicting a rise in supply when people who have stayed in their homes during the pandemic will list this spring.

If you are considering buying a home, the time to get prepared is now. Getting pre-approved for a loan is a great first step. The time to start looking is also right now. Homes are selling quickly with lots of interest on each listing.

Call us at 803-831-8588 to get started. Even new construction has waitlists so the time to start is now. Visit our website to see current listings and create custom searches.

Numbers are from the Canopy Realtor Association monthly report covering 12 counties in North Carolina and 4 counties in South Carolina.

Neighborhood Spotlight: Regency at Palisades

February 11, 2021 by lkw_df Leave a Comment

If you are looking for a low maintenance luxurious existence, Regency at Palisades is perfect for you. This amazing 1,500 acre master planned Toll Brothers neighborhood has everything you are looking for and more. Lakeside living with resort style amenities at their finest, all within 30 minutes of Uptown Charlotte or Charlotte Douglas International Airport.

Amenities are extensive in Regency at Palisades. There is a lifestyle director who can help you take advantage of everything they have to offer. From the clubhouse with a full calendar of activities, to the indoor and outdoor pools, bocce courts, tennis courts, pickleball courts, walking trails, spa, billiards and game room and much more, there is something to entice every resident.

Homes in Regency at Palisades all have owner’s suites on the first floor and there are 8 different floor plans to choose from. Each can be customized to fit your family’s particular needs. Homes have between 2 and 5 bedrooms and 3-5 bathrooms. They start at an easy to care for 1,700 square feet but can be upwards of 3,700 square feet. In the past year, homes sold for a range between $392,000 and $671,000 with the average price coming in at $523,000. There are currently 50 homes on the market with only two of them not already under contract. This popular area has homes going quickly so be sure to act fast.

For more information on a quick move-in home or customizing and building a home in Regency at Palisades or any other neighborhood 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.

Neighborhood Spotlight: Reserve at North Reach

February 9, 2021 by lkw_df Leave a Comment

With low inventory plaguing the market right now, many people are looking to new construction for the home of their dreams. Reserve at North Reach is one of these great new construction neighborhoods that could have the home for you. It has great houses in Lake Wylie on spacious home sites.

Reserve at North Reach is located on the North Carolina side of the Buster Boyd Bridge just across the highway from McDowell Nature Preserve. This puts residents close to the heart of Lake Wylie, but also close to shopping and dining options in Rivergate. There is nearby highway access to get you quickly to the airport or Uptown Charlotte.

Homes in Reserve at North Reach are large with 2,929 to 3,814 square feet of living space. They have flexible floor plans with 4-6 bedrooms, 2-5 full bathrooms and one full bathroom. These two story homes have two car garages, open concept floor plans, large kitchen islands and expansive counter space. Some homes have screened in porches, home offices, and a variety of exterior facade details to make each home unique.

Prices for these Taylor Morrison homes start in the low $400’s. For more information on a quick move-in home or customizing and building a home in Reserve at North Reach or any other neighborhood 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.