Lake Wylie Blog

Check out Meadowview in Tega Cay

September 26, 2018 by lkw_df Leave a Comment

If you are looking for all of the benefits of living on the lake, without the lakefront price tag, Meadowview in Tega Cay is the place for you. This amazing community is close to the lake with nearby public boat ramps. There are also fantastic schools, and miles of hiking and biking trails.

Meadowview is located off Tega Cay Drive, walking distance to Tega Cay City Hall and Trailhead Park. There are restaurants and shops that residents can walk to as well as many other options just a short drive away. I-77 is close by for a quick trip to Uptown Charlotte or Charlotte Douglas International Airport. Just past the highway, residents will arrive in Fort Mill for many more options for dining, shopping, and entertainment.

Homes in Meadowview have 3 or 4 bedrooms and 2 or 2.5 bathrooms. Homes have two car garages and partial brick facades and many are on cul-de-sac streets. Square footages range from 1,600 to 2,200. Many of the homes have open floorplans, home offices, private owner’s suites, and much more. Homes were built in the early 2000’s and many have been upgraded since they were built. Many of the homes have had remodeling done to update kitchens, bathrooms, or open floor plans further.

Meadowview is currently zoned for coveted Tega Cay schools. Children attend Tega Cay Elementary School, Gold Hill Middle School, and Fort Mill High School. All schools are top rated and award winning. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Meadowview have sold for between $245,000 and $283,000. There is currently one home for sale in the neighborhood listed at $275,000. This represents a 1.5 month supply of inventory which compares to the 4.3 month supply in the rest of Tega Cay and the 4.3 month supply for all of York County.

Neighborhood Spotlight: Regency at Palisades

September 21, 2018 by lkw_df Leave a Comment

Prepare to be fully relaxed in a low-maintenance active-living community right on the shores of Lake Wylie. Regency at Palisades is a new construction community developed and built by Toll Brothers. There are existing homes, new construction homes and a few quick move-in homes available. The community features abundant amenities, exquisite homes and a luxurious lifestyle.

Regency at Palisades is located south of York Road (highway 49) on the North Carolina side of the lake right near Palisades Elementary School. Within a 30 minute drive, residents can get to Uptown Charlotte or Charlotte Douglas International Airport. There are many different options for museums, sporting events both pro and amateur, theater, arts, entertainment, and more close by. Just to the North is McDowell Nature Preserve with over seven miles of walking and hiking trails.

A lifestyle director helps residents take advantage of the amenities and activities for the community. There is a full calendar of activities in the clubhouse, indoor pool, recreation facilities, spa, billiard and game room and more. Outside, explore the pickleball courts, outdoor pool, bocce courts and tennis courts, not to mention walking trails. The homeowners association also provides lawn maintenance for homes giving residents more time for other activities.

Homes in Regency at Palisades were started in 2014 and there are still lots available for you to build your dream home. There are 8 different floor plans available, but they can be customized to make them work for your lifestyle. These exceptionally crafted homes have master suites on the first floor, open floor plans and designer details.

Children in Regency at Palisades currently attend Palisades Park Elementary School, Southwest Middle School, and Olympic High School. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Regency at Palisades sold for between $419,000 and $732,217 with an average price of $524,865. There are currently 21 homes for sale in the neighborhood representing a 6.8 month supply of homes. Current listings have homes for sale in the low $300’s up to the high $600’s.

If you are looking for an amazing 1,500 acre master planned community, Regency at Palisades is right for you. This low-maintenance, high-end lifestyle can be yours every day.

Light Rail Could be Coming to Belmont

September 19, 2018 by lkw_df Leave a Comment

If you have been looking for another reason to invest in Belmont, pending light rail should be on your list. There was a meeting at the end of August where over 200 community members met at Gaston College in Belmont with Jason Lawrence, Senior Transportation Planner with Charlotte Area Transit System (CATS) to discuss the plans and hear input from residents.

The light rail extension is still in the preliminary planning stage. The reason for the meeting was to discuss extending the LYNX light rail system across the Catawba River into Belmont and possibly Gastonia. This planning phase is important to gather public comments. Next will come the planning, design, funding, and other considerations, then finally building.

Funding has already been secured to replace the Wilkinson Boulevard bridge. This should happen in the next few years. This makes the timing of the meeting appropriate so future light rail plans can be incorporated into the design for the bridge.

The western line for the light rail will also eventually connect to the Charlotte Douglas International Airport. This is great for residents of Belmont as they will be able to get to the airport or an uptown commute, or get up to the University with ease.

When the light rail first came to Charlotte, properties along the first line increased dramatically in value. Many more homes, condos, and businesses were built to serve commuters. The same is likely to happen in Belmont and Gastonia. That means that now is a great time to invest in these areas.

The light rail could take a few years before they begin construction, and then a few more years until completion of the western line, but it could be a real boon to the area and could spur growth for years to come.

To read more, check out the article in the Banner News.

Neighborhood Spotlight: Lake Forest

September 14, 2018 by lkw_df Leave a Comment

If you are looking for a fantastic home with access to Lake Wylie and top rated Clover schools, check out Lake Forest. This amazing community has it all and a convenient location as well.

To get there from Charlotte, you can take Charlotte Highway all the way, or you can connect with I-485 or over to I-77. Carowinds Amusement Park is close by as well as Rivergate for shopping and dining. An Uptown commute will take around 30 minutes as will a trip to Charlotte Douglas International Airport.

Residents have access to a community boat launch suitable for canoes and kayaks. There are also many marinas nearby and public boat launches available for use. Other amenities include a playground, recreation area and street lights.

Homes in Lake Forest were built between 2007 and 2014. Many of the homes are grand in scale with sizes ranging from 2,100 square feet to over 5,000 square feet. Lots are typically between a fifth and a third of an acre with some lots being much bigger. Many of the homes have outdoor living spaces including saltwater pools, outdoor kitchens, fire pits, decks, patios and sports courts.

Most of the homes in Lake Forest have three to five bedrooms and two and a half to four and a half bathrooms. Many homes have home offices, butlers pantries, mudrooms and many more builder features and upgraded features.

Lake Forest is currently zoned for top rated schools making the area even more desirable. Children attend Crowders Creek Elementary School, Oakridge Middle School, and Clover High School. Please verify school assignments as they can change from one school year to the next and zoning boundaries can cut through a neighborhood.

In the past year, homes in Lake Forest have sold for an average of $301,643 with $265,000 being the low and $330,000 being the high. There are currently 4 homes on the market which represents a 6.9 month supply of homes. This is in comparison to the 5.5 month supply for all of Lake Wylie. This means that the market is pretty balanced between buyers and sellers in Lake Forest at this time.

August Market Report

September 12, 2018 by lkw_df Leave a Comment

Another month has passed and we now have the monthly numbers from the Charlotte Regional Realtor Association. The data they use us from the Carolina Multiple Listing Services. In this monthly report, the CRRA compares numbers from this year to last year. Once again, the trends are showing that inventory is tight and prices are rising.

When you look at the entire Charlotte region, sales are down year over year by 6% from 4,800 to just 4,514. This is the 4th straight month of declines for the region. Average home price is up from $270,274 to $294,107, a rise of 8.8%. Homes are selling more quickly, just 38 days from list to sale, down from 43 days last year. Supply of homes went from 11,736 last year, down 14.3% to 10,052 this year representing a 2.4 month supply.

The story isn’t all grim however, pending sales are up 7.4% over 2017 from 4,443 to 4,771. New listings were also up slightly, up 1.5% from 5,576 to 5,660.

When you look at Lake Wylie, the picture is a little bit different, but keep in mind that with the smaller data set, numbers can be skewed by a few large homes selling, or a new construction neighborhood starting to sell homes.

In Lake Wylie, sales were up 16.7% from 108 to 126. Average home price was up 6.3% from $361,817 to $384,436. Homes are selling in an average of 63 days, down just one day from last year. Supply of homes went up from 393 to 417 representing a 4 month supply. This means that transactions are more balanced between buyers and sellers than in the Charlotte region as a whole.

Pending sales in Lake Wylie are up 3.3% from 92 to 95. New listings are up 17.5% from 126 to 148. This means that there are still many buyers in the area and they are motivated to buy even with higher average prices.

It remains to be seen if there is a general trend across the nation where the housing market is starting to cool down. Some analysts are predicting that prices are on the way down and that the market will balance as supply increases.

Secret Retreat in Forest Cove

September 6, 2018 by lkw_df Leave a Comment

The best kept secret on Lake Wylie has to be Forest Cove. This enclave of homes has the perfect location, on the Lake, secluded, but close to everything you need. These homes don’t come on the market often so you have to be ready to snap one up.

Forest Cove is located just off Armstrong Road within walking distance to Harbortowne Marina & Ship Store and Seven Oaks Cafe. Just around the corner is Daniel Stowe Botanical Gardens. Popular neighborhood McLean is just across Armstrong Road as well. This location is 30 minutes from Uptown Charlotte and 15 minutes to the Airport. Belmont is just a few minutes away for community events, shopping, dining, and more. The Carolina Thread Trails are nearby as well which will eventually network over 1,600 miles of trails and greenway.

Homes in Forest Cover were mainly built in the 1980’s, though many of the homes have been fully remodeled and modernized. Most of the homes have 3 or 4 bedrooms and 2.5 to 4 bathrooms. Some homes have fully wooded lots, and some have water frontage with private docks and boathouses. Many of the homes have basements for additional living space.

As for amenities, Forest Cove offers lake access, community boat slips & ramp, a beach in addition to volleyball court and picnic area. There is a playground for the kids and streetlights through the neighborhood.

Forest Cove is currently zoned for fantastic schools. Zoning has children attending New Hope Elementary School, Cramerton Middle School, and South Point High School. Please verify school assignments as zoning boundaries can run through neighborhoods.

If you look at sales for the past 12 months in Forest Cove, homes have been selling for an average price of $470,375 and typically sell in less than two months. Two of the homes sold in less than 10 days. This means that you have to be prepared to act fast to get in on this retreat of a neighborhood.

Neighborhood Spotlight: South Point Village

September 5, 2018 by lkw_df Leave a Comment

If you are looking for newer construction in Belmont, NC, check out South Point Village. These homes were built between 2011 and 2015 so you get newer construction without living through the construction phase.

South Point Village is located just off South Point Road around the corner from South Point High School. This means residents can walk to school, the grocery store, or to get a bite to eat. Additional shopping and dining are on their way as well with the under construction South Point Village shopping center expected to be completed early in 2019.

Due North of South Point Village is Belmont which is a great place for community events, shopping, dining, and entertainment. A little bit further North you will find highway 74 and I-85, both of which will take you quickly to Charlotte Douglas International Airport and Uptown Charlotte.

Homes in South Point Village range between 3 and 6 bedrooms and 2 to 4 bathrooms. Some of the homes are smaller, just under 2,000 square feet, and some are larger at just over 3,400 square feet. Homes have open floor plans with granite counters, eat-in kitchen islands, bonus rooms, large bedrooms, and spacious master suites.

Children in South Point Village currently attend Belmont Central Elementary School, Belmont Middle School, and South Point High School. Please verify school assignments with the school system because boundary lines are occasionally redrawn.

In the last year, homes in South Point Village sold for an average of $308,250 with a high price of $333,000 and a low price of $275,000. Homes typically sell in just over 35 days at or above the list price. There are currently 3 homes on the market in South Point Village which represents a 9 month supply of inventory. This means these homes don’t come on the market often so you need to be ready to go when they do come up for sale.

New Construction at Cadence in Tega Cay

August 31, 2018 by lkw_df Leave a Comment

A new active living community is underway right now in Tega Cay. Brought to you by Mattamy Homes, Cadence has low-maintenance ranch style homes surrounded by mature trees with an amazing park at its core. Cadence is also located near the heart of Tega Cay so it is easy to enjoy Lake Wylie and the surrounding area. Highway access is also close by to connect you to Rock Hill or Uptown Charlotte.

This exclusive community consists of 125 homes with seven floor plans, 8 quick move-in homes, and plenty of upgrades. Homes start in the low $300’s and have 2-4 bedrooms, 2-3.5 bathrooms, and 1,852 to 2,817 square feet of living space. All homes have two car garages, hardboard siding, and open floor plans. Homes have private courtyard patios for indoor/outdoor living. Many plans offer optional living space on the second floor which can contain a guest bedroom and loft. Homes have luxury finishes and features and can include home offices, guest suites and much more.

Lawn maintenance is provided by the homeowners association as is maintenance on all common areas. All homes are equipped with built-in irrigation systems. These features mean that you will spend less time making your home look just right and more time living in it.

Amenities include a community pool with easy-entry featuring lounge areas and shaded cabana with outdoor seating and restrooms. There are also walking trails throughout the community.

Children in Cadence are currently zoned for amazing schools. Assignments are for Gold Hill Elementary School, Gold Hill Middle School, and Fort Mill High School. Please verify school assignments as they can change from one school year to the next.

In the past year, homes in Cadence have sold for between $299,808 and $389,248 with an average price of $349,691. There are currently eight homes on the market which represents an 8 month supply. Once the neighborhood sells out, it will be a rare thing indeed to see one of these amazing homes come on the market so now is the time to act.