New Development One Step Closer in Southeast Gastonia

Though it has been talked about for years, a major residential project is about to be a step closer to fruition. The land in question sits at the intersection of Union Road and Union-New Hope Road, near the Carolina Speedway, and has 315 acres. There have been many different plans for the project over the last 15 years, but the recession derailed the plans.

This Thursday, the Gastonia Planning Commission will review and vote on a preliminary plat for a subdivision on the property. The plan is from Suncrest Real Estate and Land out of Phoenix, Arizona. It includes 400 single-family homes on 243 of the 314 acres. This would be phase one of the project which could be named Nolan Farm after the main street in the plan.

The zoning on the property could eventually allow for as many as 760 homes, though the expectation is that the number will be lower so there can be a mix of residential and commercial. With that many homes, there will need to be supporting businesses from gas stations and shops, to restaurants and entertainment. Within the community expected amenities include a clubhouse, pool, athletic courts, sidewalks, walking trail, pocket park and green space.

Part of the plan also includes extending utilities to accommodate the new homes. This means water and sewer upgrades which could begin as early as this summer if the plans are accepted. The next steps after utilities are grading the site and preparing roads to service the neighborhood.

If you would like to be in the loop on this development in the works, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

 

To read more about this potential development, see the full article in the Gastonia Gazette.

 

Papa Doc’s To Open Soon

As soon as the liquor license is in hand, Papa Doc’s Shore Club is set to open to the public in the former space of T-Bones near the Buster Boyd Bridge in Lake Wylie. This past Thursday they began a charity event raising money for Lake Wylie Children’s Charity featuring a taste test of the cuisine. The sold-out charity event runs through Sunday.

Residents and visitors alike are excited for the opening after T-Bones on the Lake closed in December ending a 24 year run. This location is fantastic as you can arrive by foot, bike, car or boat to enjoy food, drinks and fellowship. Papa Doc’s is also close to Uptown Charlotte, around a half-hour, so is a perfect quick escape.

The new space has a tiki theme that you can enjoy as individuals, families, groups, or reserve for larger events. There is an oyster bar as well as lake themed decor and a large events space. With a total of 4 bars, the restaurant can seat 650 people. There is a huge outdoor deck, 38 boat slips, and many indoor seating and bar areas. The menu is large and varied so there is sure to be something to please every palate. Expect a wait at first as this is sure to be a popular spot.

If you are looking to buy a home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

To read more about Papa Doc’s Shore Club, read the full article in The Herald.

Gastonia Summer Concert Series Set to Begin

There are just a few short weeks left of the school year before the summer season is upon us. One of the most anticipated local events is the Downtown Summer Concert Series in Gastonia. There is a diverse lineup for this year sure to please a diverse audience. The first concert is Friday May 17th with a D.J. set at 6 pm and the main concert at 7 pm in downtown Gastonia.

Seven nights of concerts are planned for this year’s series being held every other week from May until August. The first six concerts will be held on Friday evenings and will follow the pattern of D.J. set at 6 pm and featured act at 7 pm. The final concert will be integrated as part of the annual Taste of Gaston festival and will be three separate concerts throughout the day and evening of Saturday August 10th.

The Gastonia Summer Concert Series is organized and overseen by the Gastonia East Rotary Club. They use a budget of $40,000 from the city to schedule shows, pay bands, coordinate vendors, and everything else needed for the events. Any remaining funds are used for public service projects in Gastonia.

Below is a list of the concerts scheduled for this year:

  • Friday, May 17 – On the Border (Eagles Tribute band)
  • Friday, May 31 – DeCarlo, featuring Tommy DeCarlo from the rock band Boston
  • Friday, June 14 – Hot Wire & Nantucket
  • Friday, June 28 – Runnin’ Down A Dream (Tom Petty tribute band)
  • Friday, July 12 – Legacy Motown Revue
  • Friday, July 26 – Randall Bramblett Band
  • Saturday, August 10 – Band of Oz from noon to 2:30 p.m., Jim Quick and Coastline from 3 to 5:30 p.m., and Trial by Fire (Journey tribute band) from 7 to 9:30 p.m.

For more information on this event, see the full article in the Gaston Gazette.

If you are interested in viewing a home in the Lake Wylie area, close to Gastonia for easy access to the Gastonia Summer Concert Series, give us a call at 803-831-8588 or click here to search through current listings.

New Restaurant Coming to Lake Wylie

Residents have been waiting with baited breath to find out what will replace beloved T-Bones on the Lake. The wait is finally over. A new restaurant and bar is headed to the prime Lake Wylie spot called Papa Doc’s Shore Club.

T-Bones on the lake was a fixture of Lake Wylie for 24 years. Located on Highway 49 on the South Carolina side of the Buster Boyd Bridge, T-Bones was the perfect location for car riders as well as boaters. It served thousands of customers Western themed seafood, steaks and late night comfort food. This location has been a restaurant for almost 50 years so before T-Bones it was Hungry Fisherman.

The new Papa Doc’s Shore Club is being put together by Charlotte’s Bottle Cap Group. In Charlotte they have been behind restaurants Ink N Ivy, All American Pub, Slate Charlotte, Whiskey Warehouse, Jacks Corner Tap, Brazwells Premium Pub, Hot Taco, Rosemont and Oak Room. They also have locations in Greenville and Charleston, South Carolina.

Papa Doc’s Shore Club is expected to serve a modern American menu including seafood influences. Offerings will include oysters, lobster tails, and daily chef’s specialties. The bar will feature a tiki-themed cocktail menu. They plan to serve lunch and dinner each day, have a merchandise store, and have to-go service for boaters.

Expect Papa Doc’s to be a great gathering space for community events as well. T-Bones was known for charity work and community events and Papa Doc’s wants to fill that slot. Hopefully they will continue the annual Lake Wylie Children’s Charity fall benefit concert, Riversweep, and the Lights on the Lake holiday boat parade as well as many smaller events throughout the year. An opening date has not yet been set, but expect it sometime in 2019.

For information on waterfront properties in Lake Wylie, take a look at our website, or call 803-831-8588.

To read more about this exciting new project, check out the articles in The Charlotte Business Journal or The Charlotte Observer.

New Bakery open in Lake Wylie

A new bakery just opened in Lake Wylie co-owned and run by local resident Joy Sanderson. The new place is called the Fast Frog Bakery and is a great place for go for a sweet indulgence, custom cake, or cookie to go.

Joy Sanderson grew up in Charlotte and has lived in the Lake Wylie area for the last 20 years. She earned her baking degree at Central Piedmont Community College. She went on to work for different restaurants and Harris Teeter  for the past 14 years and has broken out to do her own thing now.

Fast Frog Bakery is located at 5400 Highway 55 near the old 5 points intersection where South Carolina 49, 274 and 55 and Lake Wylie Road meet. This is a growing area and should be a great place to be for years to come. With recent neighborhoods such as Revere at Lake Wylie, Tullamore, Paddlers Cove, Autumn Cove and Kings Cove, there are many more customers nearby.

Offerings at Fast Frog range from muffins, to cakes, to cookies, to chocolate dipped fruit. They also do custom cakes for weddings, baby showers, birthdays, and other occasions. Fast Frog is open 10 am until 7 pm Tuesday through Saturday.

If you would like to live in this growing area and feed your sweet tooth regularly, call us at 803-831-8588 or explore our website first and call when you are ready.

To read more about the Fast Frog Bakery, check out the full article in The Herald.

Inclusive Playground Coming to Tega Cay

Children of all abilities are soon going to have a great new place to play in Tega Cay. The All Play Together playground will be a place where all children, regardless of physical challenges or lack of mobility will have a chance to enjoy themselves.

This long-awaited playground was supposed to be in Fort Mill on land donated as part of the Waterside at the Catawba neighborhood. Issues with that site including the slope were taken into account and instead the playground will be the feature of the revamped Trailhead Park in the heart of Tega Cay. The location can’t be beaten as the Tega Cay Police Department and Tega Cay City Hall are just across the road. This years-long effort is going to be a great addition to the community.

Now that the site is official, All Play Together is meeting with engineers to lay out the site. They expect the playground to open in 2019. This is the first playground of its kind in the area.

There have been many local fundraisers to help pay for the project at an expected cost of $500,000. They have about 60% of the funding secured at this time. This price tag includes improvements to the current park as well as playground equipment, bathroom facilities, trail work, and more. There will be a period of time during construction that the current park will be closed to the public.

The All Play Together playground will have structures with accessibility for all people. This means double wide ramps, multi levels accessible by wheelchair. There could be wheelchair accessible gliders, roller tables, roller slides, climbing domes, quiet space, seesaws with seating for four, and a variety of swings. The ground will have cushioned surfacing, there will be shade and fencing as well.

The city and All Play Together will meet in the coming weeks to determine the final project timeline. This playground will truly be a place for everyone to play together regardless of their abilities. To read more about this amazing playground, check out the full story in The Herald.

Don Stephens longtime Lake Wylie Realtor passes away

 

Don Stephens longtime Lake Wylie Realtor and Partner in Lake Wylie Realty passed away unexpectedly at Home last week. Don was recently awarded the Realtor Emeritus designation from the National Association of Realtors for 40 years of service to the Community and the Industry, no one in this area has ever achieved that status.  We used to laugh about the fact that Don probable sold every Home on the Lake at one time or another and some twice. Don knew the Lake like the back of his hand and was the real “MISTER LAKE WYLIE”

Don was a native of Charlotte a true Gentleman and Scholar and will be greatly missed, He is survived by his Daughter Natalie and her Husband  Andy Adams of Clover, three Grandchildren and of course  all his friends and Business associates over the years. So long Don.

Steele Creek and Lake Wylie Housing Market Report 2017-2018

The Steele Creek Real Estate market continues to be one of the top markets in the Country and is estimated to be one of the top 5 in the entire Country by the end of 2018.

On the National scene existing Home sales will finish at a pace not seen since the bubble bursting run up to 2006 clocking in at about 5.5 Million but amazingly still approximately 1.1 Million less than that all time high.

According to forecasts by the National Association of Realtors the steadily improving US economy, sustained job growth and rising confidence that now is the time to buy a Home should pave the way for an increase in Homes sales in 2018.

Back to Steele Creek, the availability of land, proximity to Charlotte’s 485 outer loop, Downtown and the Airport along with a widely diverse Housing Market are driving increases in prices and sales. A new master planned Development is in the final planning stages for the large mainly undeveloped area west and south of the Airport which will include the proposed River District slated to be larger than the Ballantyne area in South Charlotte. The area is expected to increase in population by 20-25% over the next 5 years.

Sales of new and existing Homes in the Steele Creek area over the past 12 Months for the zip codes of 28278 and 28273 were at a staggering pace of close to 2000 sold, leading the way the Community of Berewick with sales up 33% to 356, the Palisades with 131 sales was a distant second.

Another large Master planned Community is rising in Gaston County near Lake Wylie and Belmont called McLean, while just getting started sales were up to 40 in 2017.

Over on the South Carolina side of the Lake new Developments are popping up like spring flowers, national production Home Builders like Mattamy Homes and DR Horton along with local Builders, Fielding and Bonterra Homes are building a potpourri of styles and myriad of prices. New Home sales in the Lake Wylie SC area have increased from 75 in 2014 to around 200 per year at the end of 2017.

Sales of existing Homes in the Clover-Lake Wylie-York area zip codes of 29710 and 29745 although not quite as strong as its counterpart Steele Creek were close to 1300 over the past year. The top seller in that area is the well-seasoned “Jewell” of them all, the magnificently well planned Community of River Hills with close to 80 closings and an average sales price up 15% to $354,000.

WATERFONT MARKET UPDATE

Median prices continue to rise in the waterfront market due to low inventory and high demand, as of this writing there were just 57 active listings in both Carolinas down from the 120-140 we experienced for a few years with only 6 priced below $500,000. The 1 Million plus market was very active with 16- 1 Million Dollar plus Homes closed in 2017 and currently 12 were on the market. A total of 169 waterfront Homes sold down slightly from the year before with a median price pushing close to $700.000 up from the low $600,000’s that were steady for some time.

As urbanized Charlotte continues to gobble up large tracks of land for high density development the demand from those looking for the serenity and peace of Lake living along the shores of Lake Wylie will find it more and more difficult to afford.

Lake Wylie and and US Real Estate Market Report

The steadily improving US economy, sustained job growth and rising confidence that now is a good time to buy a Home should pave the way for an increase in existing Homes sales in 2018 according to forecasts by the National Association of Realtors.

Nationally existing Home sales will finish at a pace of 5.47 million the best since 2006 but still about 1.1 million less than that all-time best mark.

The lack of inventory has pushed prices up 48% from the low point of 2011, locally the Steele Creek area remains one of the hottest markets in the Country, the population is expected to jump 20-25% over the next 5 years, and for most of us originally from the area this is both a blessing and a curse.

Closings in the past 6 months are at 834 with 211 under contract and currently 221 listed for sale.

Prices on Waterfront Homes have steadily gone up and finding anything under $600,000 is tough sailing. Homes for sale are at an all-time low at this writing of only 78.  Median price is over $750,000 all record breakers.

Enough of the boring stats, if you’re planning to buy a Home or Condo now should be it, sitting on the fence so to speak is going to price you out of that dream Home. Quarterly prices have been increasing in some areas by 8% in the Charlotte area.

Buyers in the region are flocking to areas closer to Uptown Charlotte and prices are skyrocketing. Commute times and just being closer to the action seem to be the driving force. As traffic worsens that trend will surely continue and speaking of traffic it seems that it increases daily.

As a former member of the York County Planning Commission I always said the reason people left their former Cities and Towns and moved to this area will be the same reason they leave this area, Taxes, traffic, crime and poor planning.

David has been a Real Estate Broker, Developer and Contractor in the Charlotte area for 40 years and is currently Principle Broker and Partner of Lake Wylie Realty, David and his wife Karen live on Lake Wylie and are both Charlotte natives.

Copyright 2017 David McCorkle

Plan to Raise Water Levels in Catabwa River

Duke Energy has a plan in place that will raise summer water levels in three lakes on the Catabwa River by six inches. In recent years, municipal water providers and the company have been meeting to discuss extending the time line of how long the river can continue to support business and residential growth in the area and raising water levels would be vital to this plan.

However, the company does not want to increase water levels without first fully examining all impacts it could have. The major concern here is whether raising levels could create a higher risk in high water situations. Lake James would have the highest risk flooding according to their research, but that risk is minuscule compared to potential benefits. The FERC also issued Duke a 40 year license in late 2015, but the company has appealed for an extension to a 50 year license with millions of dollars in improvements contingent on the extension.

The current plan is to raise summer target elevations by the end of 2025 or when the Watertree spillway is complete, whichever one is later. This is not just an issue of water quantity, it becomes an issue for boats to as it could affect whether boats remain afloat or sit on land in the dry summer weather. The goal is to have enough storage to withstand droughts but enough room to be able to withstand major rain events. According to the company, drought is a more pressing issue than potential flooding and thus the benefits of raising water levels outweigh the flood risk. In fact, it was a major drought in the late 1990s and early 2000s that began the conversation in Catabwa about possible solutions.

Current research shows that by 2048 the demand for water use will outweigh the amount the river is able to supply so this will be an important issue in the near future. To read more about potential benefits to Duke’s plans, be sure to check out the full article at heraldonline.com