Lake Wylie Real Estate

$1 Million Homes More Common

June 30, 2023 by lkw_df Leave a Comment

With the recent trends in the real estate market, home prices have been on the rise with apparently no end in sight. One result of that is that homes listed for $1 million or more are becoming much more common in the Charlotte region. We are even seeing this trend around Lake Wylie.

It used to be that the only homes on the lake that commanded a large price tag of $1 million or more were waterfront properties. In the past year, there were more properties that sold for above $1 million that had no water frontage at all. Many of these homes had large lots, and equally large homes of 5,000 square feet or more of heated living area.

With prices on the rise with inflation and high demand of people moving to the area, we will undoubtedly see more homes creep above that $1 million threshold. In addition, more luxury neighborhoods are being built in the area as Lake Wylie is a great commuter destination.

There are also more homes listed recently that approach $1 million. There are currently 4 homes listed for sale in the $900,000’s. Eleven homes sold in the last year in Lake Wylie that were in the $900,000’s, and many of them were not waterfront properties. This shows that Lake Wylie is a hot ticket and there is high demand pushing prices higher than before. This poises Lake Wylie to be a luxury destination and with great schools and more restaurants and shopping destination coming this way, it should be a great choice for years to come.

If you are curious about what your home is worth or if it’s a good time for you to buy, give us a call at 803-831-8588. We would love to share our perspective on Lake Wylie and the Charlotte area. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Paddlers Cove

June 30, 2023 by lkw_df Leave a Comment

If you are looking for a neighborhood that takes full advantage of the lake lifestyle, look no further than Paddlers Cove on Lake Wylie. Paddlers Cove is an ideal location just minutes away from the lake, is zoned to top rated Clover schools, and enjoys lower South Carolina taxes. A commute to Uptown Charlotte is quick and easy. This is definitely a neighborhood that has everything.

Amenities in Paddlers cove make the neighborhood even more attractive. There is a community pool, open-air pavilion, walking/hiking/cycling trails, a 32-acre athletic complex, and direct access to Crowders Creek. The Clover Aquatic Center is within walking distance, and YMCA Camp Thunderbird is just down the road.

Homes in Paddlers Cove were built in the last few years and include townhomes and single-family homes. The townhomes have 3-4 bedrooms, 2.5 bathrooms, and 1,400 to 2,500 square feet. Single-family homes have 3-6 bedrooms, 2.5-5 bathrooms, and 2,100-5,000+ square feet. Homes have open floor plans, chef’s kitchens, and sumptuous primary suites. Many of the larger homes have home offices, flex spaces, guest suites and much more. Homes were all built within the last few years, but construction in the neighborhood is complete so there are no trucks and no noise of construction left.

In the past year, 54 homes and townhomes were sold, though some of those were new construction homes as the construction completed. Townhomes sold for a range of $295,000 to $375,000. Single family homes sold for a range of $450,000 to $800,000. Prices were dependent on size and features and also location within the neighborhood.

Neighborhood Spotlight: Beckett Cove

June 22, 2023 by lkw_df Leave a Comment

Near Lake Wylie, on the Charlotte side, you’ll find a cute newer construction neighborhood called Beckett Cove. This great spot has stylish homes built within the last 3 years so they show just like brand new. The neighborhood is close to everything you need, and is an easy commute to Uptown Charlotte. There are many different natural areas nearby to explore as well.

To find Beckett Cove, travel south on Tryon Street until Youngblood Road. Take a left on Youngblood, then take a left on Zoar Road. The neighborhood will be on your right. From Beckett Cove it is a quick drive to get groceries, see a movie, or head out to dinner. Local schools are less than two miles away in Palisades Park. There is also nearby highway access to I-77 at Gold Hill Road.

Homes in Beckett Cove have open concepts with flexible spaces. They are the perfect size for any family, with options to change as you grow. There are great storage solutions, chef’s kitchens, private primary suites, and much more. There were 10 original floor-plans with 3-5 bedrooms, 2-4.5 bathrooms, 2-3 car garages and 1,806 to 3,078 square feet of living space.

Because Beckett Cove is newer construction, there are not typically many homes that come up for sale yet. In the last year, just 5 homes changed owners. They sold for between $450,000 and $550,000 depending on size and features. There is currently only one home listed for sale and it went under contract after just 3 days on the market. This shows the high demand when one of these homes becomes available.

Lake Wylie Neighborhood Spotlight: The Landing

June 13, 2023 by lkw_df Leave a Comment

On the shores of Lake Wylie, right in the heart of the community, you’ll find a serene neighborhood called The Landing. There are wonderful homes, great amenities, and community events. In addition, the neighborhood is zoned for top schools, is close to everything you need, and is within a reasonable commute to Uptown Charlotte. No wonder homes turn over quickly.

The Landing is located just North of Highway 49 near the Buster Boyd Bridge. There are many options nearby for shopping, dining, and community events. Just across that bridge, you will find many more options and larger stores for the rest of your shopping needs.

Amenities in The Landing include a clubhouse, pool, and neighborhood park. There are just about 2 miles of paved walking trails and sidewalks for walking, biking, or running. In addition, there are 25 boat slips for residents without direct water access. There are many events throughout the year for residents of all ages, and there is a competitive swim team for the kids during the summer.

In The Landing, you will find estate style homes with large lots of at least half an acre. Homes have between 3,000 to over 6,000 square feet of living space. These homes were built in the early 2000’s and have open floorplans, home offices, flex-spaces, and much more. Waterfront homes can have docks, boathouses, private beaches, floating docks, and boat lifts.

There are currently three homes on the market in The Landing representing 4.5 months of inventory. One of the homes is already under contract. In the last year, 9 homes sold in The Landing and sold for an average price of $750,375. Most of those homes sold in less than 20 days on the market. Waterfront homes typically command a premium and can sell for well over $1 million.

Neighborhood Spotlight: Heron Cove

June 7, 2023 by lkw_df Leave a Comment

If you are looking for a lakeside community in Lake Wylie, you can’t do much better than Heron Cove. There are amazing homes, great community, wonderful amenities, and a killer location. Heron Cove feeds to award winning Clover Schools, and has lower South Carolina taxes. What are you waiting for?

Heron Cove is located just across the Buster Boyd Bridge as you come in from Charlotte. This puts you in the perfect position for community events in Lake Wylie. There are great local options for shopping, dining, and entertainment. A little bit further away, you will find more options with larger stores and chains.

When you enter the community of Heron Cove, you will see the amenities including Waterfront Park. The park has swimming and fishing and gathering space for community events. There is a storage rack for resident canoes, picnic areas, barbecue grills, and a fire pit. There is a playground for the children in addition to the Heron Park Swim Club, and walking trails throughout the community. There is not a community boat launch, but there is dry-boat storage, and nearby public boat ramps if you don’t have water frontage with a dock.

Homes in Heron Cove are stately and most sit on property of at least an acre with old growth trees. All of the homes were custom built and average over 4,000 square feet of living space packed with custom features. May have gourmet kitchens, spa-like bathrooms, sumptuous primary suites, secondary or guest suites, home offices, and flex-spaces. Some of the homes have fully finished basements with media rooms, and exercise spaces.

In the past year, six homes and one lot sold in Heron Cove. The lot sold for $115,000, while the homes sold for between $725,000 and $940,000, depending on size and features. None of the homes was on the waterfront, so those homes could sell for substantially more.

Neighborhood Spotlight: Tullamore

June 5, 2023 by lkw_df Leave a Comment

If you want to live near the lake, but you don’t have a lakeside budget, take a look at Tullamore. This gem of a neighborhood is located in South Carolina near Lake Wylie. These homes are zoned for top rated schools, but enjoy lower South Carolina taxes so you have the best of everything.

Tullamore is located just North of five points, where Charlotte Highway, Handsmill Highway, Lake Wylie Road and State Highway 55 or Bethel Street all meet. This is just to the south of Lake Wylie proper. It is a reasonable distance to Uptown Charlotte for an uptown commute, however it is a great place for working from home as well. There are many nearby options for dining, shopping, and entertainment. In addition, there are public boat ramps and yacht clubs and waterfront restaurants so you can fully embrace the lake lifestyle. Also down the road is McDowell Nature Preserve and Daniel Stowe Botanical Garden.

Homes in Tullamore are stately all brick homes with open floor plans and great features. Most have over 3,000 square feet of living space with 4-6 bedrooms, 2.5-4 full bathrooms, home offices, gourmet kitchens, and some even have fully finished basements.

In the past year, just 8 homes sold in Tullamore with an average sales price of $536,570. There are currently three homes for sale in the neighborhood with another one coming soon. Two of the three listings are already under contract. Listing prices range from $485,000 to $729,000 depending on size and features. These homes typically go under contract in less than a month.

Townhome Community Coming to Belmont

May 29, 2023 by lkw_df Leave a Comment

There are not many condominium or townhome projects in the Lake Wylie area, but a new community is coming to the Belmont area expected to open next summer. This project by Tri Pointe Homes will bring 100 townhomes to the area. We don’t know many other details at this point, but we will be sure to update when we know more.

If you can’t wait until next summer but want to know about the other townhome communities near Lake Wylie, there are a few we would highly recommend.

Waters Edge – on the shores of Lake Wylie, with a Belmont address. This community has 2-4 bedroom homes in the low $200,000’s to the low $400,000’s.
Harpers Mill – right in the heart of Lake Wylie, Harpers Mill has 2-4 bedroom homes in the low $200,000’s to the low $300,000’s.
Ivy Ridge – also in the heart of Lake Wylie, Ivy Ridge has two story, 3 bedroom homes in the low $300,000’s to the mid-$300,000’s.
Autumn Cove at Lake Wylie – right near Crowders Creek Elementary School, Autumn Cove at Lake Wylie has two-story 3 bedroom homes that sell in the low $300,000’s.

Because there are not many townhome communities near the lake, there is plenty of competition for them when they are listed for sale. Many people love a townhome for an investment such as a rental or short-term rental like an AirBnB. This means that you could be competing with more people as owner-occupants and investors will most likely be interested. You need to be ready to make your best offer as most of these types of homes last just days on the market before going under contract.

Neighborhood Spotlight: Cadence

May 23, 2023 by lkw_df Leave a Comment

If you are looking for a new construction home, but don’t have the time to wait until it is built, the recently completed neighborhood of Cadence in Tega Cay could be the right spot for you. This enclave community has just 125 homes, so it’s not overwhelming to meet all of your neighbors. Homes were built between 2018 and 2021 so they look and show like brand new, but there is no noise, dust, or traffic due to construction.

Neighborhood amenities in Cadence include a pool, cabana, beautifully landscaped central park, sidewalks, and paved walking trails. There is an active homeowners association and lawn maintenance is included in the monthly dues. This gives you more time to enjoy the neighborhood amenities, or to garden in your own private courtyard patio.

Homes in Cadence are primarily ranch style, though many of the homes have a second floor with a loft, bedroom, and full bathroom. These homes have between 2 and 4 bedrooms, 2 to 3.5 bathrooms, and 1,700 to over 2,800 square feet of living area. All of the homes have two car garages, hardboard siding, craftsman styling, in-ground irrigation systems, and open floor plans.

Cadence is conveniently located off of Highway 160 near Interstate 77. This means a commute to Uptown Charlotte is easy. The heart of Tega Cay is just down the road with shopping, dining, and community events. Fort Mill is just across the highway for a wider variety of different options for shopping, dining, and entertainment. Children in Cadence are zoned for award winning Fort Mill schools.

In the last year, 12 homes were sold in Cadence. They sold for a range between $420,000 and $625,000 depending on size and features. There are currently three homes for sale in Cadence. If you would like to schedule a private tour of homes in Cadence, give us a call at 803-831-8588.