Lake Wylie Homes

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.

Neighborhood Spotlight: Rosapenny Peninsula

December 8, 2021 by lkw_df Leave a Comment

Get ready to treat yourself to a fabulous custom home on a private peninsula on the North Carolina side of Lake Wylie. Rosapenny Peninsula is an exclusive neighborhood with just a few homes on the main channel of the Lake right near Sunset Island. These homes are the height of luxury with features you just won’t find everywhere.

To find the peninsula, from The Meridians, head south on Bankhead Road all the way to the fork at Rosapenny Road. Residents are a half-hour from Uptown Charlotte, and a half-hour from Charlotte Douglas International Airport. Ideal for a commute, a night on the town, a business trip, or a getaway. The growing Steele Creek area provides every convenience you need, from groceries to restaurants, to fitness, parks, and recreation.

Homes on Rosapenny Peninsula were all custom built and include features like elevators, master kitchens, butler’s kitchens, spa-like baths with custom steam showers, and much more. Expect lavish details like hardwood flooring, custom counters, custom closets, and elaborate woodworking. Most homes have well over 4,000 square feet of living space with up to 7 bedrooms and 6.5 bathrooms. Many homes have full basements perfect for second living quarters.

For amenities, community, and sports, residents have the option of joining the nearby Palisades Country Club. Prices for these stunning homes run in the $2.2-2.5 range. There are currently two homes for sale with one already under contract.

For more information on buying or selling a home on Rosapenny Peninsula 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.

Coming Soon: 15016 High Bluff Court

December 7, 2021 by lkw_df Leave a Comment

Welcome to your new home in the award winning community of Regency at Palisades. This amazing neighborhood has resort style amenities, and a convenient location on the North Carolina side of Lake Wylie. Bring your offers as it won’t last long.

Regency at Palisades amenities include a clubhouse, fitness center, game court, golf course, outdoor pool, playground, sports court, tennis courts, and walking trails. Lake Wylie is also a feature and can be enjoyed for motorized and non-motorized watersports, fishing, birding, hiking, and more.

This stunning home features the highly desirable ranch style Waverly model. You’ll find rare upgrades and features from the oversized side-load garage, to the quartz countertops with cast iron farmhouse sink.

The garage has a work/shop space and still has room to park 2 cars. Also on the exterior you will find a brick facade and fiber cement siding. The welcoming front porch brings you to an open foyer showcasing the open floor plan with abundant natural light leading you to the private back yard. Relax after work on the spacious partially covered back deck, or enjoy your morning coffee out there watching the world wake up.

Back inside the house, you’ll find three good sized bedrooms and two and a half bathrooms in a total of 2,344 square feet. The upgraded gourmet kitchen features a walk-in pantry, Jenn Air gas cooktop, and soft close cabinets. The primary suite was extended and now offers the owner a beautiful retreat with a master bath with a generous tub and separate shower and a large walk-in closet with professional level organization. The separate home office is perfect for those days when you don’t travel in for work.

Schedule your appointment today to view this fabulous home. This rarely available floor plan will sell quickly. Call us at 803-831-8588 to schedule your private tour. You can view current listings and create custom searches on our website here.

Affordability Crisis, Charlotte and Lake Wylie

November 23, 2021 by lkw_df Leave a Comment

If you live in the Charlotte area, it’s no surprise to you that there is starting to be an affordability crisis. According to Axios Charlotte, you now need to make $70,000 per year to be able to afford the median priced home in the Charlotte region.

That median priced home has climbed dramatically in the last few years from $190,000 in December 2015 to $335,000 as of October 2021. That’s a rise of $145,000 in just under 6 years. To put that in terms of a monthly payment, at 3.61% interest that’s $660/month more on the same home six years later.

That means that you could have financed a $190,000 home at 3.61% interest and had a mortgage payment of $865 per month before taxes and insurance. Today that would cost you $1,525 per month at the same 3.61% rate.

Many people have not seen their wages increase at the same rate as home prices so they are not able to afford a home in this market. This is keeping many people renting that would otherwise already have bought a home.

There can be a disconnect as well when the bank says you can’t afford a home, but your rent is more than the payment on a purchase. More and more people are finding that to be the case because the bank uses more than just the monthly payment to see if you are eligible for a mortgage.

We are starting to see a correction in wages for many industries, but without more supply of homes available for purchase, we are unlikely to see the prices for homes come down anytime soon. It will be interesting to see what the spring brings as we expect many more listings.

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.

Lake Wylie Neighborhood Spotlight: Southern Trace

November 18, 2021 by lkw_df Leave a Comment

Just down the road from Palisades Country Club off of Youngblood Road, you’ll find a charming neighborhood called Southern Trace. Located in the rapidly growing Steele Creek region on the North Carolina side of Lake Wylie, Southern Trace is in the perfect location for a quick Uptown commute and a weekend at the lake.

Southern Trace is filled with newer construction homes with all of the bells and whistles. They were built between 2014 and 2018, so they look brand new. These grand homes have between 2,700 and 4,500 square feet with 4 or 5 bedrooms and 2.5 to 5.5 bathrooms. Two or three car garages are standard on each home, and most have outdoor living spaces including pergolas, fire pits, water features and more. Homes have chef’s kitchens, butler’s pantries, home offices, flex spaces, and much more.

In the past year, 17 homes in Southern Trace changed ownership. Most of them went under contract in just one day showing just how desirable these homes are. They sold for between $365,500 and $540,000 with an average sale price of $448,731. There are currently two homes for sale in the neighborhood and they are both already under contract. One got a contract in two day and the other in four days showing that the neighborhood is still highly sought after.

If you want a home in Southern Trace, you have to be able to act quickly when a home comes on the market. We can help you prepare so you are ready to act as soon as a new listing hits. For more information on buying or selling a home in Southern Trace 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.

October Market Report – Greater Lake Wylie Area

November 17, 2021 by lkw_df Leave a Comment

The monthly numbers have been published by the Canopy Realtor Association and they confirm that the market is slowing for the holiday season which is a typical trend. Inventory is still tight, maintaining the seller’s market that we have seen for the past few years. Prices are still on the rise and we are still seeing homes sell for above list price. Homes are still selling in an average of 17 days which shows that buyers are still motivated.

When you look at just the Lake Wylie area, you see that in every metric, we are doing better than last year. Home sales are happening faster and selling for more money than last year. They are selling in an average of 21 days on the market. Sellers are typically getting 101.5% of list price for an average sales price of $493,288, up 16.1% from 2020.

While this is great news for sellers, it can be disheartening for buyers. They have to bring more money to the table, and be willing to offer above list price for a home, and they can’t take any time to think over what can be the largest financial decision in their lives. And sellers typically have to turn around and become buyers so they don’t escape the tough parts of the current market.

New listings are up 11.4% in Lake Wylie when compared to last October. Pending sales were up a fraction at 0.8% gain from last October. Closed sales were down in number compared to last year, but year to date are still up 13.7%.

All of this is to say that the market is still robust, and sellers still have the upper hand in negotiations. There are not many deals to be had currently, and we are still seeing multiple offer situations. Mortgage rates are currently still hovering just above 3% for a 30-year fixed rate which is still a great deal for buyers.

If you are ready to buy or sell a home in the Lake Wylie area, call us at 803-831-8588. We can help you get into the home of your dreams. You can view current listings and create custom searches on our website here.

Lake Wylie area Neighborhood Spotlight: Montreux

November 6, 2021 by lkw_df Leave a Comment

For a wonderful old world styled neighborhood of executive and estate homes, visit Montreux. This stately and serene community sits on the North Carolina side of Lake Wylie near the Palisades. These custom homes have all of the features you could ever need and a few you may not have even imagined. Live the life of luxury in one of these amazing homes.

Montreux was established around 2007 and custom homes have been built, and are still being built today. These grand homes sit on large lots with some over an acre. Owners have used these large lots to include many outdoor living spaces, sports courts, heated salt-water pools, pool houses, outdoor kitchens, treehouses, and much more. Homes have at least 3 car garages and can include ports for charging electric vehicles, epoxy flooring, and custom workshop spaces.

Inside these gorgeous homes you’ll find top-of-the-line everything, from electronics, to appliances, to security and more. There is plenty of space for everyone with most homes having well over 3,000 square feet and some over 7,500 square feet. Many homes feature bars, home theaters, gourmet kitchens, home offices, and flex spaces. Expect at least 4 bedrooms and 4 bathrooms, guest suites, and sumptuous owner’s retreats.

To find Montreux, from Charlotte, travel south on I-77 and exit on Gold Hill Road headed west. Montreux is off of Youngblood Road, just east of Palisades Country Club. All of the conveniences you need are between the neighborhood and the highway. For access to Lake Wylie, there are many options for public or private boat ramps nearby.

In the past year, 10 homes and 3 lots changed ownership in Montreux. Lots sold for between $85,000 and $115,000 depending on size and location. Homes sold for between $615,000 and $1,250,000 with an average price of just under $825,000. Most of these homes sold in less than a week after they were listed showing they are highly desirable.

If you would like to learn more about Montreux, call us at 803-831-8588. We can help make sure you are ready to make an offer the moment one of these spectacular homes comes on the market. You can view current listings and create custom searches on our website here.