Lake Wylie Blog

Check Out Belmont’s Catawba Heights

August 31, 2018 by lkw_df Leave a Comment

If you are looking for an entry home, or looking to downsize, do yourself a favor and check out Catawba Heights. These homes are small and easy to care for, but have large lots giving privacy and room for outdoor living. The location is close to everything and yet still feels like a retreat.

Catawba Heights is located just down the street from the U.S. National Whitewater Center just to the Northeast of Belmont, North Carolina. This location is close to I-85 which is a straight line to Uptown Charlotte or a quick trip to Charlotte Douglas International Airport. To the west, you can easily get to downtown Belmont and Belmont Abbey and College. There is great shopping, dining, and entertainment not to mention community events.

Homes in Catawba Heights can be as small as 800 square feet or as large as 2,600 square feet. Some have been fully remodeled, but others are in original condition. Homes were mostly built between the 1930’s and the 1980’s, but occasionally there is a new construction home. Typically homes have between 2 and 4 bedrooms and between 1 and 2.5 bathrooms.

In the past year, homes in Catawba Heights sold for an average of $137,366. The range of prices was between $52,500 and $319,000. This makes homes here approachable for most families and can be a great place to start home ownership. The smaller size is ideal for anyone wanting to downsize or retire to a great neighborhood with beautiful scenery and old growth trees.

There are currently seven homes on the market in Catawba Heights which represents a 6 month supply of homes. This is a little bit more than the 5.25 month supply of all of Belmont. An average of 1.2 homes sell per month here.

Catawba Heights is currently zoned for Catawba Heights Elementary School, Mount Holly Middle School, and South Point High School. Please verify school assignments as they can change from one school year to the next and boundaries sometimes cut through neighborhoods.

Great Value in Autumn Cove

August 22, 2018 by lkw_df Leave a Comment

If you want all of the benefits of living on Lake Wylie, but don’t have the pocketbook to afford a million dollar plus home, check out Autumn Cove. This amazing neighborhood has single family homes and townhomes right across the street from Crowders Creek Elementary School. This spot is on the Lake Wylie Road peninsula, bordering the Crowders Creek tributary not far from the Buster Boyd Bridge.

This established neighborhood has great curb appeal and a strong network of homeowners who take pride in the area. There is a neighborhood pool for residents to enjoy as well as a community playground. For the adults who like to play on the lake, there is dry boat storage available for residents. There is new construction in back of the neighborhood in the sister community Somerset at Autumn Cove.

Autumn Cove is full of traditional style homes starting in the $200,000’s and heading into the low $300,000’s. Homes have between 1,500 and 4,000 square feet of living space. This means that there is a home for every type of family whether you need a 3 bedroom home or a 5 bedroom home. There are many cul-de-sac streets with mature trees and landscaping.

The homes have great front porches perfect for chatting with neighbors. Homes were built in the early 2000’s and some have been upgraded substantially in that time. Many homes have granite counters, open floor plans, hardwood floors, and amazing outdoor living spaces. Some homes have formal living and dining rooms which can be used for home offices if needed.

Children in Autumn Cove currently attend Crowders Creek Elementary School, Oak Ridge Middle School, Clover High School. Please verify school assignments as they can change from one year to the next and boundaries sometimes cut through neighborhoods.

In the last year, homes have sold for between $192,000 and $319,000. There are currently 4 homes for sale in Autumn Cove which represents a 2.8 month supply of homes. This is in comparison to the 6 month supply when you look at all of Lake Wylie. This means that you have to be ready when one of these homes comes on the market.

Check out Belmont’s South Point Ridge

August 22, 2018 by lkw_df Leave a Comment

Many families have already discovered South Point Ridge, and there are many reasons why. This neighborhood is walking distance to great schools, close to the lake, a quick trip away from downtown Belmont, and an easy commute to Uptown Charlotte. There is a great community feel as well as a community pool to bind the neighborhood together.

South Point Ridge is located off of South Point Road tucked behind South Point High School. Seven minutes North is downtown Belmont with great shopping, dining, entertainment, and more. You can explore charming Belmont Abbey and College, window shop, or catch a concert.

The neighborhood is completely surrounded by wooded area making it seem like a retreat. Many of the homes back to the wooded area making the yards seem much larger and more secluded. Lots are generally around a fifth of an acre and many have established lush landscaping.

Homes in South Point Ridge were mostly built between 2005 and 2008, though there is the occasional new construction home. Homes range from 1,900 to well over 4,000 square feet of living space. Homes have between 3 and 5 bedrooms and 2.5-5 bathrooms.

In the last year homes in South Point Ridge have sold for an average of just over $281,000. The range of sale prices goes from a low of $238,000 to a high of $336,000. Currently there are six homes on the market representing a 4.5 month supply of inventory. This is in comparison to the 5.2 month supply for all of Belmont making South Point Ridge one of the most desirable destinations in Belmont. 16 homes sold in South Point Ridge in the last 12 months so if you don’t see the home you want now, they come on the market with regularity.

July Market Report

August 16, 2018 by lkw_df Leave a Comment

Jason Gentry, president of the Charlotte Regional Realtor Association says “Without a doubt, limited inventory continues to pressure prices across the region, while also effectively slowing sales during what’s typically our prime selling season. Demand and pending contract activity remain strong, which means buyers must move quickly to purchase the home they want.” This was in response to the monthly report the association publishes based on data from the Carolina Multiple Listing Services.

When you look at the entire Charlotte region, average sales price is up to $290,486, inventory is down to just a 2.4 month supply, and homes are selling in an average of just 36 days. This means that buyers have to be ready to go quickly and be ready to pay top dollar for a home.

When you look at the numbers just for Lake Wylie, the picture is similar. Average price has risen to $409,133, a rise of 4.5% from July of last year. Inventory is dropping as well to a 3.7 month supply. This is dropping below the 4-6 months supply that typically represents a balanced market between buyers and sellers. Homes have been selling in an average of 50 days. This is down 7.4% from the 54 days last year at this time.

When you look at pending sales and closed sales in Lake Wylie, they are both way up over last year. Closed sales are up 11.3% from 115 to 128. Pending sales are up an amazing 41.1% from 102 to 147. We should see many of those sales close in the next month or two.

New listings on the other hand were only up 0.7% from 145 to 146. Based on the small increase, the inventory could drop again next month. As we have seen in the past, as inventory drops, prices usually creep higher following the laws of supply and demand.

As the Lake Wylie market is a smaller sample from the entire Charlotte region, sometimes what we think will be a trend is just the larger fluctuation of the smaller size. We will continue to watch the market to see what the numbers show. For now, buyers need to be ready to act quickly and will be hard pressed to find any bargains.

Neighborhood Spotlight: Pierpointe

August 14, 2018 by lkw_df Leave a Comment

Come and visit Pierpointe, a remarkable enclave of custom homes on the main channel of Lake Wylie. These homes have stunning views both inside and outside and epitomize the lakeside lifestyle. Add close proximity to major employers, an international airport, and Uptown Charlotte and this location is perfect.

You approach Pierpointe from Pine Harbor Road at Shopton Road. This means that Rivergate is just minutes away providing most of the necessities. There are shops, restaurants, and grocery stores in Rivergate. Residents can quickly get to I-77 or I-485 to connect with Charlotte Douglas International Airport and Uptown Charlotte.

Homes in Pierpointe are grand in scale and full of unique features. Many of the homes have two-story plans and some have fully finished basements as well. Some of the homes have extensive formal gardens, some have guest houses, some have media rooms, there are surprises in each home. Most homes have over 4,000 square feet of living spaces with between 3 and 6 bedrooms and 3.5-4.5 bathrooms.

The waterfront homes in Pierpointe have truly stunning views of the lake. Homes take full advantage of the views with terraces, sunrooms, decks, boat houses with lifts, floating docks and lakeside seating areas. Some homes even have pools that overlook the water. All have outdoor living spaces and lush landscaping making a true retreat. The lots are large, most are at least half of an acre with many over an acre, providing privacy.

These homes don’t come on the market very often, in fact in the past year only two homes came up for sale. Prices range from the $700,000’s to over $1 million.

Children in Pierpointe currently attend Winget 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.

Neighborhood Spotlight: Harbor Club

August 8, 2018 by lkw_df Leave a Comment

It may be hard to find a reasonable priced home in Lake Wylie, but Harbor Club on the North Carolina side of the lake is just such an enclave. This well established lake neighborhood has walking distance to shopping, reasonable prices, and beautiful grounds.

Harbor Club is located off Pine Harbor Road close to the intersection with Shopton Road. This location means that Steele Creek is close by for shopping and entertainment. Rivergate is also close by for shopping and dining. Easy access to I-77 and I-485 connect residents with Uptown Charlotte, Charlotte Douglas International Airport, and all points around the city.

Homes in Harbor Club were built in the mid-1990’s to 2000 and typically have 3-5 bedrooms and 2-3.5 bathrooms. They range in size from 1,700 to just over 4,000 square feet of living space. Many of the homes have been fully updated in recent years. Many homes have outdoor living spaces with decks, hot tubs, water features, fire-pits, patios and more.

Many of the homes are two story and some have fully finished basements as well. Rooms are large and floor plans are open making entertaining a breeze. Many of the homes come with deeded boat slips, but the Marina & Yacht Club is close by and offers day slips for residents.

Children in Harbor Club currently attend Winget Park Elementary School, Southwest Middle School, and Olympic High School. Please be sure to verify school assignments with the school district as boundary lines can change from one school year to the next and boundaries sometimes run through neighborhoods.

In the past year, homes in Harbor Club sold for between $242,000 and $293,000 with an average sold price of $268,967. There is currently one home on the market in Harbor Club representing a 2 month supply of homes. These homes don’t come up very often as 6 homes sold in 2017 and so far this year only two homes have sold with one currently on the market.

The Best Views: 7032 Brookview Drive

August 8, 2018 by lkw_df Leave a Comment

If you are looking for the best views on Lake Wylie in a newly remodeled space, you have to see 7032 Brookview Drive. This home has it all, amazing space upstairs, additional bedrooms and living space downstairs, a deck with million dollar views, covered patio, boathouse and more all in a great walkable location.

The home was originally built in 1977, but just underwent a major renovation. This includes a new three car garage, large enough to store cars, boats, and more. As you enter the property, the house is partially hidden behind a rise. As you approach you will see the new garage and paver patio and retaining wall.

As you enter the home, you will be amazed by the open floor plan and view all the way through and out the huge sunroom. This spacious feeling continues as you walk through the well appointed chef’s kitchen. There is a full dining room, or you can eat al fresco on the deck overlooking the water. The main floor also contains the master bedroom and bathroom as well as a half-bath.

Walk downstairs and you will find an additional living room, two bedrooms and another full bathroom. All of the bathrooms have been fully remodeled. With 3,220 square feet of living space and 3 bedrooms and 2.5 bathrooms, this homes is a great value at the current list price of $899,000.

You can access the lake from the walk-out basement or from the upstairs deck. You can walk all the way down to the covered dock with boat lift. With just under an acre, you will have plenty of room to enjoy everything the lake has to offer and have room for all of your guests.

Children in the neighborhood currently attend Oakridge 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 boundaries can sometimes cut through neighborhoods.

The location of this home really has few rivals. Lake Wylie YMCA and T-Bones on the Lake are within walking distance as are many other local businesses. York Road (highway 49) is just down the road making it easy to connect with I-77 and I-485. Rivergate is just down the road for additional shopping needs. Carowinds Amusement Park, Charlotte Douglas International Airport, and Uptown Charlotte are just short trips away. Closer to home you’ll find McDowell Nature Preserve and Daniel Stowe Botanical Gardens. Don’t miss your chance to own this stunning home.

Million Dollar View: 16201 Cozy Cove Road

August 1, 2018 by lkw_df Leave a Comment

Located right at the end of Cozy Cove road just past the Palisades you’ll find a truly spectacular home at 16201 Cozy Cove Road. Though not part of the Palisades, this home has an even more impressive view of beautiful Lake Wylie.

As you approach the home you see the all brick facade with side-load two-car garage. The lot is just over one acre so there is privacy from neighbors as well as room for lots of outdoor living. Relax on your beautiful sandy beach or take your boat out from one of the two covered boat lifts at the end of the pier. Relax and swim in the water from the floating dock, or just enjoy the view from the covered deck.

Inside this home rivals the outside. Enter through the front door and you will see high ceilings, columns, hardwood floors, and crown moulding. Explore through the 4,856 square feet and you will find 4 bedrooms and 4 full bathrooms. The master bedroom is on the main floor as are two of the additional bedrooms. You will also see the grand kitchen, dining room, great room and light filled sunroom.

Downstairs you will find a fully finished walk out basement with a full second living quarters, billiard room, and bar. You will also find the 4th bedroom and bathroom. Walk out to take advantage of the views of Lake Wylie’s main channel.

The 20 miles to Uptown Charlotte will take you right around a half-hour if you want to see a sporting event, museum, concert, night out, or commute. Charlotte Douglas International Airport is 18 miles away and will also take right around a half-hour.

Shopping, dining, entertainment and more are close-by at Rivergate. Just a little bit further away you will have more options at I-485 or I-77, both of which are close by. This close highway access is great for feeling connected to the city when you are relaxing with your lakeside living.

This home was made for entertaining and is move-in ready. Currently priced at $1,199,000, this home won’t last long. For more information, see our full listing here.