Important Information for Buying Lake Property

The Charlotte Business Journal recently published an article entitled “What to consider when buying lakefront property in the Charlotte area”. This is a great reminder of all that goes into a lake purchase that may not apply to properties not on the waterfront. This is especially important when there is not much inventory so homes are selling quickly. This means that you have less time to make important decisions so you want to make sure you have considered every angle.

  • Price is first and probably most important. Main channel properties which typically have the best views, command a premium on price, even over other lakefront properties. Cove properties typically have less boat traffic so that can be a consideration for buyers as well.
  • Riparian Buffer – this is a 50-foot buffer from the water that has to remain in a vegetated state. This is mostly to counteract erosion and protect animal habitats. Property owners cannot remove trees on the first 30 feet and there are minimal changes that are allowed by law.
  • Docks and Boathouses – there are many properties that already have a dock or boathouse, but this does not mean that you can build one on your new property. There is a permitting process through Duke Energy and only homeowners are allowed to apply for a permit. This means that if a dock is a must have for you, you can ask a current homeowner to apply for a permit as a condition of a sale. Boathouses are typically grandfathered in and have regulations of upgrading, typically limited to fixing but not over-improving.
  • Insurance can be a factor as well. You need to make sure your policy covers your property as well as watercraft and retaining walls if they are present. This is an additional consideration that you typically don’t have if you don’t have a waterfront property.

There can be many additional steps in the process of lakefront homes and having the best representation on your side is essential. If you are interested in purchasing a lakefront property, let one of our experts help you navigate the process. Call us at 803-831-8588. You can view current listings and create custom searches on our website here.

 

To read more, check out the full article in the Charlotte Business Journal here.

Neighborhood Spotlight: Woodland Bay Waterfront Community

Located on the South Point Peninsula of Lake Wylie, Woodland Bay is an exclusive gated  waterfront community perfect for your next home. Woodland Bay is located zoned for highly coveted schools, and is on one of the most tranquil and unspoiled parts of Lake Wylie.

Woodland Bay is located off NC highway 273, just across the road from Daniel Stowe Botanical Gardens. The neighborhood keeps the character and natural beauty of the botanical gardens. It is heavily wooded with rolling terrain and plenty of privacy.

The original developer of Woodland Bay was Crescent Resources, a premium designer of upscale, restricted neighborhoods. There are now many custom builders in the neighborhood ready to help you build your dream house.

Homes have already been built but there are lots available so you can customize a home to suit your particular needs. There are waterfront properties as well as more secluded interior properties and all lots have mature trees and are large enough to have outdoor living spaces and still have privacy from the neighbors.

Homes in Woodland bay have all the bells and whistles. Many homes have home gyms, firepits, gourmet kitchens, fully finished basements, home offices and much more. In the last year just two homes and two lots changed owners. Waterfront lots command a premium but with main channel views for many properties, they are worth it. Lots typically range from ¾ of an acre to almost 2 acres. Homes are typically between 3,000 and 5,000+ square feet of living space. The average home sells for between $800,000 and $2.3 million depending on size and location.

There are currently 4 homes and 4 lots for sale in Woodland Bay with one lot under contract. If you are interested in learning more about one of these great properties in Woodland Bay or any other home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create a custom search on our website here.

Neighborhood Spotlight: Reflection Pointe Waterfront Community

If you are like many people spending too much time in your home right now, you probably have a list of grievances against your home. Maybe there is no home office, maybe there is a small yard, maybe you just need more space. If this sounds familiar, there are opportunities to build a custom home to suit your particular needs in Reflection Pointe.

Reflection Pointe is a gated community located right on Lake Wylie, ten minutes from historic Belmont and 35 minutes from Uptown Charlotte. There are amazing community amenities including a lagoon swimming pool, clubhouse, soccer field, lighted tennis courts, children’s play area, and beach area on the Lake. There are walking trails throughout the neighborhood as well a deeded boat slips at the marina. The active homeowners association hosts community events throughout the year.

There are over 360 homesites in Reflection Pointe, and each lot is at least a half of an acre. This means there is space to build a large home to have all of the space your family needs. Homes are typically over 3,000 square feet but many are over 5,000 square feet. As you would expect, lots with lake frontage command a premium as do homes on the lake. Interior lots do have deeded boat slips at the marina so even interior homes have full access to the lake.

In the last year, homes in Reflection Pointe sold for between $487,000 and $1.275 million. There are currently three homes on the market which represents 3.6 months of inventory. There are also currently 64 lots available ranging from $33,900 for an interior basement lot to $349,500 for a premium lake frontage lot. You can bring your own builder for these lots, or use one of the approved builders selected by the community.

If you are ready to start your journey to your dream home in Reflection Pointe, give us a call at 803-831-8588. You can view current listings and create a custom search on our website here.

Macintosh Lake Wylie Real Estate Dog

Mac loves Boating and swimming and working around the Lake to relocate GeeseMacintosh  or Mac as he is known around the Lake loves hanging out on the water reviewing properties, Swimming Boating,playing Ball, Frisbee and greeting customers. Mac has been part of the team for 9 years and knows the Lake like the tip of his nose so call Mac and the team for Professional service 803-831-8588

Neighborhood Spotlight: Paddler’s Cove

To take advantage of all of the activities at Lake Wylie and great neighborhood amenities, Paddler’s Cove is the place to be. Paddler’s Cove is directly on the lake, is zoned to coveted Clover schools, and enjoys lower South Carolina taxes. With a great location near the Buster Boyd Bridge, a commute into Uptown Charlotte is a breeze as well.

Homes in Paddler’s Cove are new construction with the oldest homes built in 2017 and new construction homes still available. There are one and two story plans as well as townhomes so there is truly a home for every kind of family. Homes have open floor plans, chef’s kitchens, and airy and open owner’s suites.

In the last year, 81 homes sold in Paddler’s Cove with townhomes typically selling in the $200,000’s and single-family homes selling between around $300,000 to around $625,000 with the average sale price around $440,000. There are currently four townhomes for sale that are all under contract, and 11 single-family homes for sale that are also already under contract. All of the current listings are new construction. When an existing home comes on the market, it typically goes under contract very quickly so you have to act fast to get in on this desirable spot.

If you are interested in buying or selling a home in Paddler’s Cove or would like to learn about any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view all current listings and create your own custom home search on our website at lkwrealty.com

 

Neighborhood Spotlight: The Landing

Right on the shores of Lake Wylie, you’ll find a serene neighborhood called The Landing. This great community is close to Charlotte, but has lower South Carolina taxes, and is in the top rated Clover school district. This should be enough to entice most people, but then you add on great amenities, community events, and wonderful homes and it’s no wonder these homes don’t last long on the market.

The homes in The Landing are estate style homes with large lots of at least a half acre and plenty of space. Many of the homes have over 3,000 square feet of living space and some have over 6,000 square feet. These homes were built in the early 2000’s and have open floorplans, home offices, and waterfront homes have docks and boathouses.

In addition to these amazing homes, there are great amenities in The Landing. There are 25 boat slips for residents without direct water access. There is also a neighborhood park, clubhouse, and pool. There are around 2 miles of paved walking trails and sidewalks encouraging residents to take advantage of the outdoors. There is a competitive swim team for the kids, and many community events throughout the year.

There are currently 7 homes on the market in The Landing representing 5.6 months of inventory, but of the seven four are already under contract. Typically having 5.6 months of inventory represents a balanced market between buyers and sellers, but with the broader trend of low inventory in the region, sellers may still have the upper hand in negotiations.

In the last year, homes sold for between $365,000 and $1,060,000. This shows the difference between a small interior home and a large waterfront home.

To learn more about The Landing, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

New Development on the Horizon

A new development is in the works on Lake Wylie and Little Allison Creek. The proposed project is being put together by Fielding Homes which is a local builder working in the Fort Mill and Lake Wylie areas. Their previous projects include Mason’s Bend and Paddler’s Cove just to name a few.

The new project is called Lakeside Glen and the plans show that it will be a 425-lot single-family residential project. The site sits on 305.7 acres located between Highway 274 and Allison Creek Road.

This project has been in the works for some time, with a preliminary plat originally filed in March of 2015. There have been changes and revisions since the original filing, the most notable has been increasing of minimum lot size.

There are not many more details available at this time so we still don’t know the size or price range of the homes yet. The York County Planning Commission will continue to work with Fielding Homes as this project comes to fruition.

To learn more about this new development, call us at 803-831-8588. Visit our website LKWRealty.com to learn more about Lake Wylie and to view current listings and create custom searches of available homes.

August Market Report

The Covid-19 pandemic has changed the game for the real estate market in recent months. The monthly numbers from the Canopy Realtor Association report on the Canopy Multiple Listing Service is out and we have the details.

If you look at the entire Charlotte Region, which includes 12 counties in North Carolina and 4 counties in South Carolina, you see that prices are up, homes are selling quickly and that there are fewer homes on the market.

When you look just at the Lake Wylie area, you see that prices are up, homes are selling quickly, and that there are fewer homes on the market. This is the same trend that is holding true.

In August of last year, there were 427 homes for sale in the Lake Wylie area. This year there are only 190, a decrease of 55.5%.

Homes are going under contract in an average of 45 days, 12 days quicker than last year. The average home is sold 100 days after it is listed, down 8 days from last year.

Prices are up as well, the average list price of a home in Lake Wylie is $456,073, up 9.1% from last August. Sales prices are also up, 5.4% to an average of $432,606.

There are 23.3% more pending sales this year than last year which means that we should have strong sales figures for next month as many of these sales close. There were also 25% more new listings this August showing that we should see many of those homes go under contract to keep the numbers strong for the next few months. Colder weather usually slows the market down, but we may see that happen later than usual since the spring bump was pushed to the summer.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. For more information and to search available homes, be sure to visit LKWRealty.com.

Explore Emerald Point

If you are looking for a waterfront condo on Lake Wylie with little to no maintenance, look no further than Emerald Point. This amazing spot sits on one of the best views on the lake. These stunning views come in one of the lake’s largest condominium communities. The area has beautiful landscaping, community boat docks, swimming pool, club house, pier, and tennis courts.

Emerald Point is in the perfect location, just five minutes from I-485. This means that you can quickly get to Uptown Charlotte, Charlotte Douglas International Airport or any other part of the city with ease. There are many nearby just off Shopton Road. You will find grocery stores, restaurants, and plenty of shopping at and around Charlotte Premium Outlets.

Homes in Emerald Point are typically 2-3 bedrooms with 2-3 bathrooms. Many of the homes have been renovated to include high end features such as granite counters, hardwood flooring, custom closets and more. To take advantage of the views of the lake, homes have outdoor living spaces for gathering, eating, or just sitting and reading a book.

In the past year, 14 homes sold in Emerald Point and most of them sold in less than a month. They are very popular so you have to act fast when one comes on the market. There are currently three homes for sale, but they are all already under contract. Homes typically sell for between $185,000 to $359,000. Prices vary depending on if they have a waterfront view, deeded boat slip, and size and number of bedrooms and bathrooms.

If you are interested in a home in Emerald Point or another neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can create custom searches of current listings on our website here.

Featured Listing: 9 Sandy Cove Road

Towards the end of Southpoint peninsula, you’ll find one of the best views of Lake Wylie and it can be all yours. Our new listing at 9 Sandy Cove Road is a true gem at the end of a cul-de-sac street in coveted River Hills. This home has the perfect vantage point for watching sunsets and sunrises from the very private, tucked away property.

This home features 210 feet of unobstructed, main channel views on a peninsula shaped lot. You can enjoy them from the enclosed screen porch, or from the open patio or from most of the rooms which have water views. This full brick home was built in 1978, but has been updated and feels light and open. Outside you will find new landscaping, an all new dock with lift and boat cover, and a shared beach area. There is a 2 car garage with a workshop and lots of storage. The driveway is large and can fit at least 10 cars, perfect for entertaining.

Inside you will find this home has been meticulously maintained and well cared for. There are two fireplaces, an open renovated kitchen with bar area. All bathrooms have been recently renovated as well as the mud/laundry room. There are four bedrooms and three and a half bathrooms in the home and all have lots of storage space and additional storage in the floored attic. You will enjoy all of the 4,030 square feet of this amazing home.

This home is located in the gated, country club community of River Hills. This amazing community features a business center, club house, dog park, fitness center, golf course, outdoor pool, playground, pond, recreation area, tennis courts and walking trails. There is private security in addition to sidewalks and street lights. The home is currently zoned for award winning Clover schools.

If you are interested in learning more about this gem of a home, give us a call at 803-831-8588. To view the full listing, click here. To view all current listings and create custom searches, visit our website here.