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The Realtors of LKW Realty spent the day Thursday October the 10th at River Hills cookin up the food for the Chamber of Commerce’s annual Golf charity event. Quinn Johnson manned the Caribbean Grille featuring Filet Mignon and Shrimp Kabobs along with jerk Chicken.
Realtors from LKW Realty participated in the River Sweep on Saturday 10/5/13, using the LKW Realty Pontoon Cruiser.
Agents took Students from Charlotte Catholic High School along to help clean the banks of Waterfront Properties.
Waterfront Properties for sale have increased to 146 listings as of 9/15/13 further increasing supply of vacant undeveloped waterfront lots. Demand for Waterfront Lots has decreased since the Great Recession started, primarily because of the lack Financing available.
Only 29 lots have sold on the Lake this year in Gaston, Mecklenburg and York Counties. The average sales price was $215,000, and days on the market were over 227.
Realistically the glory days in lots sales are over for now and the near future because of the lack of financing. Prices are declining back to the late 1990’s to early 2000 levels. Its a great Buyers Market for Waterfront Properties on the Lake.
Quinn Johnson of River Hills has joined The Lake Wylie Realty Man Team as Broker Associate. Quinn has been a Licensed Broker in both Carolinas for more than a decade. His past experience includes Development, Commercial and Residential Sales. For the past seven years Quinn has specialized in sales and marketing of Homes and Home sites in “Lifestyle Communities”. Quinn and his Wife Kara live in River Hills and both grew up in Lake Wylie and are now raising three Children of their own in that same Community. Quinn can be reached at 704-906-6636 or email Quinn@lkwrealty.com
We are very pleased to announce Jerry Plageman has joined Lake Wylie Realty as Realtor/Associate. Jerry is a former Lake Wylie Man of the year and is a 30 Resident of the River Hills area of Lake Wylie. Jerry is married to Phyllis and has two daughters Jenifer and Elizabeth. Jerry has been a Partner in the Shopps in the Landing and in Commercial Real Estate for over 10 years. and will be specializing in River Hills Real Estate along with Lake Wylie Waterfront Properties and Commercial Properties. Jerry can be reached at 704-293-5136 or email at jerry@lkwrealty.com
Labor Day has passed, but anyone expecting a slowdown on Lake Wylie may need to take a closer look. Several large events are planned at the lake during the next two months. Last week, USA Water Ski announced two major sponsors, Hall Marine Group and Race City Marine, for the Sept. 27-29 USA Wakeboard Nationals at Ebenezer Park in Rock Hill. Organizers expect 1,000 to 1,500 spectators. “It’ll be fun for spectators, even people who’ve never wakeboarded,” said Mark Murff with Hall Marine, a company whose oldest location and corporate office is Lake Wylie Marina. “It’s really amazing what these guys are doing behind a boat.”
Real estate investors are planning an 810-home, 670-acre development in Gaston County on a largely undeveloped peninsula just outside Belmont.
The project, which would cover five miles of Lake Wylie shoreline, was first shown to Belmont’s planning and zoning board last week. The land is the former home and cattle farm of Daniel Stowe and is next to the 380-acre Daniel Stowe Botanical Garden.
It’s the second planned development for the tract of land at South New Hope Road and Lower Armstrong Road in the last five years: A previous, 1,900-home, mixed-use development fell through during the recession.
“It is certainly the biggest since the recession” in Belmont, said assistant city manager Adrian Miller.
The land for the proposed development must be annexed by the city of Belmont and needs utility service.
The annexation process is expected to start next month at the Sept. 3 Belmont City Council meeting, and could conclude by November, Miller said.
The earliest the project could win rezoning approval is the Nov. 4 council meeting.
New York-based Northwood Investors, a $3 billion real estate investment and management firm, is behind the development.
The company also bought The Vue Charlotte, an uptown building that was formerly condominiums, in foreclosure last year. The company converted The Vue to apartments.
“This is an opportunity to invest in a parcel of land that simply cannot be replicated,” said Steven Hinshaw, a Charlotte-based development partner affiliated with the project, in a statement.
“We look forward to creating a community that is friendly to the environment, offering generous open space, access to the lake and active recreation areas.”
Dealing with pollution
Sediment pollution has been an issue on Lake Wylie. Some homeowners say streams of runoff flowing from construction sites are to blame.
Miller said that the development will include required environmental protections to preserve water quality, such as buffer space along the waterfront.
He said the development could also use low-impact designs requiring less grading and less clearing, and includes open spaces and stormwater retention features.
Kara Newport, the Daniel Stowe Botanical Garden’s executive director, said the proposed development is “in line with the vision” of the garden, and will be “low impact.”
Published: Tuesday, Aug. 13, 2013 / Updated: Tuesday, Aug. 26, 2013 01:12 PM
Real estate company opens at Lake Wylie
By John Marks – jmarks@lakewyliepilot.com
Don Stephens has decades of experience selling local real estate including two dozen years in the building where he is now, and even he was surprised at what he saw when Lake Wylie Realty opened.
Foot traffic – something increasingly less common in the online world of real estate. Stephens and partner David McCorkle chalked it up to their location’s long history of selling properties along the lake.
“This is a great place to do business,” Stephens said.
The pair recently opened Lake Wylie Realty in what was for years the First Properties of the Carolinas space in the Wilkerson Building. Before that, First Properties was River Hills Realty. Stephens worked for the business under both names, then for another agency when First Properties moved out in 2011.
Now he feels back home in the office that was designed to sell real estate, and at home with an improving selling market.
“We feel like there’s been a turn,” Stephens said.
McCorkle began in residential real estate in 1978 before going into real estate development and planning. Now the lifelong area resident, who built his own home on the lake, wants to end his career where he started it.
“Our main product is going to be waterfront properties in North and South Carolina,” he said. Eventually we’ll get into doing more commercial.”
River Hills, Tega Cay, the Allison Creek area and other spots will make up many of the company’s listings. Already there are listed properties from $200,000 to $1.2 million. McCorkle hopes the “downtown Lake Wylie” location of his office lends to bringing in the right sellers and buyers. He’s also counting on Stephens with his more than 400 waterfront sales.
“We both live on the lake,” McCorkle said. “We both have boats, and we can show properties by land and by water.”
More agents, likely ones already experienced with selling waterfront properties, are planned. Lake Wylie Realty has the online tools and other features of the modern market, but also wants to lean on its strengths by appealing to buyers and sellers looking for something unique.
“We’re not selling homes,” Stephens said. “We’re selling a lifestyle. We say come home to a vacation every night.”
The company is located at 1 Executive Court, Lake Wylie. For more information, call 704-309-1549 or visit lkwrealty.com.
