Lake Wylie Homes

Elizabeth Coming to Fort Mill

July 5, 2022 by lkw_df Leave a Comment

Maybe you don’t want to be right on Lake Wylie, but you want to be close enough to drop by whenever you’d like. If that is you, then the new master planned community of Elizabeth in Fort Mill might be right for you. With great amenities and easy access to shopping, dining, and recreation, this community is great for all types of families.

Lennar Homes is developing this project and there are currently two phases that are for sale with an additional phase coming soon. Construction is underway, but there are opportunities to customize one of these amazing homes to meet the needs of your family. Additional phases will be underway in the coming months.

Amenities for Elizabeth are set to include a clubhouse, pool, fitness center, walking trails, and playground. The community is zoned for highly rated Fort Mill, SC schools, but has lower South Carolina taxes. Nearby outdoor recreation is found at Lake Wylie, and Anne Springs Close Greenway.

The first community is Trinity. These are three story townhomes with detached garages. Homes have over 2,000 square feet, two bedrooms, and two and a half bathrooms. 24 homesites are currently under construction with prices expected in the low $400,000’s.

The second community already underway is Chase. Also a townhome community, Chase features larger homes with first floor primary suites. These homes range from 1,800 to 2,300 square feet of living space in two story plans with detached one car garages. 24 homesites are currently underway and prices are expected in the high $300,000’s to the low $400,000’s.

Coming soon will be the first phase of single-family homes in Elizabeth. 207 homesites in a community called Enclave are expected soon. Details on these homes are coming soon, but are expected to be spacious and start in the low $500,000’s.

If you want to know more about this upcoming project, and how to get in before prices inevitably go up, or you want to schedule a showing on 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: The Vineyards at Lake Wylie

June 28, 2022 by lkw_df Leave a Comment

Located 20 minutes from Uptown Charlotte, The Vineyards on Lake Wylie seem like a vacation destination. Resort style amenities and a premier community make this neighborhood top notch. Come enjoy the lake lifestyle with an existing construction home, or with a new construction home.

The Vineyards on Lake Wylie began in 2008 and there are still new construction homes being completed in the neighborhood. There are single-family homes as well as townhomes so there are options for many different sizes of families. Homes have between 3 and 6 bedrooms and 2.5-5 bathrooms with between 1,700 and 4,000+ square feet of living space.

Neighborhood amenities in The Vineyards on Lake Wylie include a cabana, clubhouse with fitness area, dog park with two areas for larger and smaller dogs, two outdoor pools (one geared towards kids and kids at heart, and one geared for lap swimming), secured playground, sidewalks, street lights, tennis courts, and groomed walking trails. There are also pickleball courts, bocce courts, canoe and kayak dock, community boat docks, a deep water boat launch, and a parking area for cars and boat trailers. At the lakeside, there are decks, picnic areas, and a boardwalk along the mile of waterfront. Homeowners Association fees are low, and residents are close to all of the shopping, dining, and entertainment you need.

In the last year, 43 homes changed owners in The Vineyards on Lake Wylie. They ranged from a townhome for just over $300,000 to a 5 bedroom executive home for $730,000. There are currently 18 homes offered for sale ranging from a townhome for around $350,000 to a 4,000+ square foot estate home for just over $1,250,000. All except for three of these homes are already under contract, so if you want to get in this community you need to act quickly.

If you want to know more about The Vineyards on Lake Wylie or to schedule a showing on one of these amazing homes, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Allison Creek Estates Lake Wylie

June 27, 2022 by lkw_df Leave a Comment

If you are looking for a perfect waterfront home with a large lot for plenty of privacy, look no further than Allison Creek Estates. These amazing homes don’t come on the market very often, but when they do, they are true showpieces that won’t last long.

Allison Creek Estates is located on a private peninsula right off Hands Mill Highway on the South Carolina side of Lake Wylie with a view of the main channel all the way across to Goat Island and across to Tega Cay. This great location makes you feel like you are living in a vacation paradise, but you are still close to everything you need. The neighborhood is zoned for award winning Clover Schools, making it even more desirable.

Homes in Allison Creek Estates range from simple single-family homes with lots of potential, to elaborate estates with over 13,000 square feet designed for entertaining. These amazing homes don’t come on the market very often, in fact since the MLS has been keeping data, just three homes have sold, though one of the three changed owners twice.

There is currently one home listed for sale in Allison Creek Estates and it is a stunner. It has 7,000 finished square feet and 6,000 partially finished square feet so it is perfect for your extended family gathering. It sits on a private 3.5 acre lot with an oversized three car garage, a detached 1,678 square foot workshop and over 240 feet of frontage on the lake.

If you want to know more about Allison Creek Estates 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.

May Market Report – Greater Lake Wylie Area

June 24, 2022 by lkw_df Leave a Comment

Canopy Realtor Association has released the monthly numbers from the Canopy Multiple Listing Service. According to the report, the big story is that sales are down, and pending sales are also down for the Charlotte Region. This means lower sales volume this month and the expectation of lower sales volume next month as fewer sales are expected to close. This signals a cool down of the market, largely driven by rising interest rates for loans and higher prices for homes.

Inventory of homes is still below one month of supply, and we are seeing more homes sell above list price than in the past few months with the average sale commanding 102.9% of list price. This means that we have not seen the recovery in the market we expected, but new listings were up 4.4% as some sellers are worried they will miss out on the action of the current market.

When you look at just the numbers for the Greater Lake Wylie area, you see that sales are down 21%, pending sales are down 21.7%, and new listings have not had the resurgence of the Charlotte area as a whole as they are down 11.7%. Please keep in mind that the small sample size can make the data seem extreme.

Prices are still on the rise in Lake Wylie with the average sale price up to $600,717 in May. This is up 15.9% from May of 2021. Homes are selling for an average of 102.4% of list price and are going under contract in about 17 days on average with closing in 109 days after listing on average.

What does that mean for you as a buyer or a seller? As a buyer, it means that homes are out there, but you might need to wait until the perfect home is listed which could mean that you will have a higher interest rate as the Federal Reserve keeps raising the benchmark rate. As a seller, it means that there could be lots of buyers for your home, but as interest rates rise, your home might be on the market for a longer time before a sale.

If you want to know more about the market conditions in Lake Wylie, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: The Yachtsman Lake Wylie

June 9, 2022 by lkw_df Leave a Comment

If you want the lake life, but without all of the maintenance that comes with owning a home, a condominium might be just the right fit for you. There are many to choose from in the Lake Wylie area, and one of our top picks is The Yachtsman.

This amazing community is right on the waterfront and features a main channel view perfect for watching nature and people watching. Many of the homes have private balconies overlooking some of the most expensive real estate on Lake Wylie.

Some of the units in The Yachtsman are condo units, and some at townhome units. This gives a wide variety of floorplans to choose from. They have 2-3 bedrooms and 2-3.5 bathrooms in 1,100 to 2,000 square feet of living space. Many of the units have been tastefully remodeled since they were built in the late 1980’s – late 1990’s.

The amenities at The Yachtsman include a community boat dock (with slip fees charged separately), a private beach, outdoor pool, and tennis courts. The community is gated with parking for residents and guests inside the gates.

The Yachtsman is located off of Pine Harbor Road near the intersection with Shopton Road. This gives residents quick access to groceries, shopping, dining, and much more. There is nearby highway access to connect with Uptown Charlotte, Charlotte Douglas International Airport, and much, much more.

In the past year, 15 homes in The Yachtsman changed owners. They all sold in the $265,000-$393,000 range. There are currently two homes for sale in the community with two of them already under contract.

If you want to know more about The Yachtsman or any other home in the Lake Wylie area, call us at 803-831-8588. We are not the only ones that know The Yachtsman is the place to be so you need to act fast when a unit is offered for sale. You can view current listings and create custom searches on our website here.

New Projects Coming Soon to Lake Wylie

June 2, 2022 by lkw_df Leave a Comment

There are many new projects on the horizon for the Lake Wylie area. This is good news as there are not many homes for sale so new construction can ease that shortage. Here are a few projects that we are excited about.

The final land sale in Baxter is underway and the plan for the property includes 20 townhomes. Developer Fielding Homes is working on the project located at Sixth Baxter Crossing and Hugh Street. There should be some commercial space in the project as well including an urgent care. This project will conclude the Baxter subdivision. In the past year, 108 homes sold in Baxter Village. There are currently 13 homes for sale and all except 5 are currently under contract.

Fielding Homes also won approval to build four new phases of Paddlers Cove. Set on a 135-acre parcel, Fielding is planning 195 homes that have been approved by the County. These phases will join the highly popular community where 90 homes sold in the last 12 months. There are currently 17 homes listed for sale in Paddlers Cove with all but 5 already under contract. These new construction homes are grand in scale with most of them having well over 3,000 square feet of living space. It also joins Summerhouse at Paddlers Cove which has more modestly sized homes that are no less popular. 22 homes sold in Summerhouse at Paddlers Cove in the last 12 months. Three are currently on the market and two of the three are under contract.

If you want to know more about any of these upcoming projects or want to schedule a showing on a home in the Lake Wylie area, call us at 803-831-8588. We can help you with anything you need to buy or sell a home. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Serenity Point

May 25, 2022 by lkw_df Leave a Comment

The name of this featured neighborhood gives you a hint of what to expect. Serenity Point is indeed serene, feeds to fantastic Fort Mill schools, and is right on the banks of Lake Wylie in Tega Cay.

This Charming neighborhood is located off of Stonecrest Boulevard, just down the road from the Walmart Supercenter. There are many options for dining and shopping nearby as well as easy highway access via Gold Hill Road.

Homes in Serenity Point were built in the last 10 years and many of them are grand in scale with well over 3,000 square feet. Many of these homes have fully finished basements with second living quarters, game rooms, home theaters, home offices, fitness spaces and much more. With 11 lots selling in the past year, expect a few more of these amazing homes to be under construction soon.

In the past year, 11 lots and 2 homes sold in Serenity Point. The lots sold for between $64,500 and $230,000. Prices varied due to the size of the lot and water frontage. The two homes sold were a 5 bedroom, 3 bathroom with 3,451 square feet on an interior lot for $675,000, and a 6 bedroom 5 bathroom with 4,909 square feet on a waterfront lot for $1,675,000. There are currently no homes for sale in Serenity Point.

If you want to know more about Serenity Point and want to be the first to know when one of these homes comes on the market, call us at 803-831-8588. We specialize in helping buyers and sellers in the Lake Wylie area. You can view current listings and create custom searches on our website here.

April Market Report – Greater Lake Wylie Area

May 18, 2022 by lkw_df Leave a Comment

The Monthly report from the Canopy Realtor Association has been published for April 2022. The trend again this month is higher prices, lower inventory, and homes selling for more than list price. This trend has persisted, even with the Federal Reserve raising a key indicator which sent interest rates on 30 year mortgages higher.

For the entire Charlotte Region, inventory was down to just 0.7 months or 3,168 homes for sale. Homes are selling for a median home price of $380,000 and an average price of $449,581. On average, homes are selling for 102.8% of list price. This trend does not seem likely to ease any time soon as new listings were down 1.5% in April and are down 7.3% year-to-date.

When you look at the numbers for the Greater Lake Wylie Area, you see the same trend, but a little bit more extreme. There is a 0.6 month supply of homes or 84 homes for sale. They are selling for a median price of $546,823 and an average price of $607,960. Homes are selling on average for 102.2% of list price. New listings were down 17.9% in April and are down 31.3% year-to-date.

Homes are still selling quickly, spending around 15 days on the market before they go under contract. This means that buyers are still out there, but people are reluctant to list homes for sale. There could be a few reasons for this. Sellers may be hesitant to become buyers because they can’t afford a new home due to price, interest rates, or both. Many people are spending money to make their existing home work for their current needs instead of finding a new home. Also many people are now working from home instead of going into an office so they have no need to relocate for a new job.

If you want to know more about the real estate market and the current trends or want to buy or sell 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.