Lake Wylie Real Estate

September Market Report

October 12, 2019 by lkw_df Leave a Comment

Lake Homes Realty, an Alabama-based firm has ranked Lake Wylie the fifth-largest lake market from the 100-plus Multiple Listing Services they reported on. According to their report, the value of homes listed for sale, based on data for three months ending August 14th, was over $455 million. There were 1,082 homes available, which ranked Lake Wylie number 3. Their report only looked at homes and land that were adjacent to a lake, included a water view, lake access, or were in a lake-focused neighborhood. This could mean that neighborhoods that were not on the lake, but were considered by consumers to be lake listings were included as well.

When you look at the numbers from the most recent report from the Charlotte Regional Realtor Association’s Multiple Listing Service report, you find that the Lake Wylie region is humming along quite nicely. Almost category was up from the year before. Supply of homes was down to just a 3.2 month supply of homes, getting closer to the 2.2 month supply for the entire Charlotte region. This is not surprising given the general trend of lack of supply that has been plaguing the area for some time. New listings have not been able to keep pace, and this in turn has pushed prices even higher.

Lake Wylie is still more affordable than Lake Norman where the average price for a home is $472,444, but the average price for a home sale in Lake Wylie has risen to $423,236. Rising prices may be pushing some buyers to lakes further away from Charlotte when looking for their dream home or second home. However, there are still affordable options in Lake Wylie.

Pending sales were up 96.9% year over year and new listings were up 44.9% showing that for the next few months at least the market will continue to be strong. Closed sales were up 14% year over year and are up 12.8% year-to-date.

If you are interested in 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.

View the 2019 Parade of Homes

October 9, 2019 by lkw_df Leave a Comment

The annual Parade of Homes has already started, but there is still plenty of time to tour these amazing homes. This yearly event is brought to you by The Homebuilders Association of Greater Charlotte. It’s like the largest open house where you can tour a variety of different homes in different price points, areas, and styles. This event is free to the public, but it may just help you purchase your next home.

Homes on the tour are presented by local and national homebuilders and are in some of the most desirable neighborhoods. There are many neighborhoods in the Lake Wylie area that made the tour. The rest of the tour is spread over the entire Charlotte region.

The tour runs for three weekends with only the first already done. The next dates are October 11-13 and October 18-20. Homes are open from 11:00 am to 6:00 pm on Fridays and Saturdays, and from 1:00 pm to 6:00 pm on Sundays. Homes in neighborhoods closest to Lake Wylie are:

Paddlers Cove by Dan Ryan Builders
Arden Mill by Classica
Timberwood by Essex Homes
Harper’s Pointe by Taylor Morrison
The Meridians by Meritage Homes
Regency at Palisades by Toll Brothers (3 homes on the tour)
North Reach by Taylor Morrison
McLean by Essex Homes
Morgan’s Branch by Taylor Morrison

For more information on the most updated dates and times for the tour, you can like and follow on Facebook or you can check out the interactive Parade of Homes website ParadeCharlotte.com. They do have online maps or you can pick up a printed tour book at any of the homes.

Always remember that agents in those homes will work for the builder, so if you want fair representation in a transaction, bring your Realtor with you to help you negotiate. The seller pays for the buyers agent so there is no cost to you. If you are interested in purchasing a home in the Lake Wylie area, bring us along on the tour, or schedule a private tour without the crowds by calling 803-831-8588. You can view all current listings and create custom searches on our website here.

Investment Opportunity in Hamiltons Bay

October 3, 2019 by lkw_df Leave a Comment

Are you interested in second, mostly passive income stream? Rental property could be the right choice for you. There are not many opportunities in the Lake Wylie area to get in on a starter income property, but Hamilton’s Bay Condominiums are a great place to start. There are also opportunities to own and live in one of these units. They are a great price, a great location, and are zoned for award winning schools and have lower South Carolina taxes.

Hamiltons Bay was built in 1990 and has 216 units in 3-story buildings with condos and townhome options. There are one, two, and three bedroom units with one to two bathrooms. Many of the units have been completely remodeled, and some have opportunities to update them. Some of the units are fully furnished corporate units available for short term leases.

Amenities for Hamiltons Bay include fitness center, playground, laundry center, outdoor swimming pool with kiddie pool, patio area with grills, picnic area, tennis court, and complimentary boat and RV parking. There is also on-site management with 24-hour emergency maintenance.

To find Hamiltons Bay, go across the Buster Boyd Bridge to the South Carolina side of Lake Wylie. In the heart of Lake Wylie, Hamiltons Bay is on the right hand side just off Highway 49. There are many options for shopping, dining, and entertainment within just a few minutes. Going a little bit further away, you’ll find additional choices as well as outlet malls. A trip to Uptown Charlotte for work or pleasure is only 20 miles. Charlotte Douglas International Airport is just under 20 miles, perfect for a weekend retreat or a business trip.

There are currently no homes on the market in Hamiltons Bay and they do sell quickly when they do hit the market. In the past year 10 homes sold for between $87,500 and $127,000. Most of them sold the first week they were on the market and sold for between 94% and 103% of list price.

If you are interested in a home in Hamiltons Bay, call us at 803-831-8588 and we will contact you as soon as one hits the market. You can view all current listings and create custom searches on our website here.

Great Value in Lake Wylie Woods

October 3, 2019 by lkw_df Leave a Comment

There are just a few private condominium communities on the shores of Lake Wylie, and Lake Wylie Woods may just be the best of them. This wonderful peaceful spot is located on 15 acres of lakefront property with amazing views and the serenity of lake living. Lake Wylie Woods is zoned for top rated Clover Public Schools as well. Why pay exorbitant rent when you can own your home in Lake Wylie Woods?

Lake Wylie Woods is conveniently located just 17 miles from Uptown Charlotte. The neighborhood is right in the heart of Lake Wylie township off Highway 49 near the Buster Boyd Bridge and just across the highway from YMCA Camp Thunderbird. Nearby you will find shopping, dining, recreation, sporting events, public boat launches,

The cedar sided buildings of Lake Wylie Woods make you feel like you are in a treehouse as there are old growth trees surrounding the community. Imagine entering this retreat and all of your cares fall away. There are just 84 units that rarely come up for sale and they sell quickly once they hit the market.

The homes in Lake Wylie Woods are 2 bedrooms and 2 bathrooms and all have either just under or just over 1,000 square feet of living space. Many of the homes have been completely updated since there were built in the mid-1980’s. Each home also has a balcony and/or patio for outdoor seating to enjoy the lake. The community amenities in addition to the lake include an outdoor pool and a dock and pier.

In the past year homes in Lake Wylie Woods have sold for between $120,500 and $202,000. The reasonable prices mean that homes don’t stay on the market long and there are currently no homes for sale. If you are interested in a home in Lake Wylie Woods, call us at 803-831-8588 and we will contact you as soon as one hits the market. You can view all current listings and create custom searches on our website here.

Neighborhood Spotlight: The Sanctuary

September 25, 2019 by lkw_df Leave a Comment

There are still chances to own a home in the amazingly tranquil custom neighborhood The Sanctuary. Located on the shores of Lake Wylie, but with a Charlotte address, The Sanctuary lives up to its name. There are resale homes and lots available in this exclusive tight-knit community.

Comprised of 1,350-acres of wooded land, The Sanctuary is unique as it has 22 miles of trails for residents to enjoy while cycling, hiking, or walking. There are many other amenities in the community including community Jr. Olympic pool, splash pad, tennis courts, and pickle ball courts. Inside the lodge, you’ll find a 24/7 fitness center, kids room, and gathering spaces available for rent for private events. Lake access is available to residents as well, with boating, kayaking, camping, and canoeing. Dock slips are available for lease for residents without direct water access.

The amenities aren’t the only great thing about The Sanctuary, the homes are pretty impressive as well. Homes sit on lots that are between 2 and 13+ acres providing plenty of privacy and room for outdoor living. There is also room on larger lots for additional structures such as boat storage, guest houses, studios, tree houses, home offices and more. Homes are estate sized with many over 5,000 square feet of living space. This means there is room for families of any size and private amenities like chef’s kitchens, bedroom suites, custom closets, home theaters, wine cellars, saunas, steam rooms, home gyms, and more.

There are 187 lots in the community, 90 of which currently have homes. There are 33 lots currently for sale through the MLS and they are all perfect for using one of the 15 approved custom builders.

The Sanctuary is located about 20 minutes from Uptown Charlotte and is close to highway access perfect for a commute or just a trip into town for a game, concert, or museum. There is convenient shopping close by in Steele Creek.

If you would like to schedule a private tour of available homes or land in The Sanctuary, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Visit RiverPointe

September 25, 2019 by lkw_df Leave a Comment

There are just as many amazing neighborhoods on the North Carolina side of Lake Wylie as on the South Carolina side. One of the best examples is RiverPointe. This heavily wooded neighborhood has two artfully landscaped entrances leading you to rolling hills with stately custom homes, and expansive views of Lake Wylie.

RiverPointe was built between 1989 and 2009 by a variety of custom builders. There are almost 200 homes most with full brick or stucco exteriors. Most streets end in cul-de-sacs so you see children playing, residents walking, biking, and skating regularly. In addition, there are great amenities enjoyed by all homeowners and their guests. You’ll spot them at the pool and clubhouse, tennis courts, playground, gazebo, or heading out on the lake from the Marina.

RiverPointe is located just to the east of the Buster Boyd Bridge on the North Carolina side of the lake. This can make a morning commute into Uptown Charlotte go quickly as highway access is convenient. It is also quick to get to Rock Hill, Gastonia, or Charlotte Douglas International Airport. Also close by are plenty or places for hiking, boating, camping and more. McDowell Nature Preserve, Kings Mountain, Nanny’s Mountain and Copperhead Island are all nearby.

Homes in RiverPointe were custom built, and many of them have been extensively updated since they were built. There is not much turnover of these homes, especially the waterfront homes, so when they do appear on the market, they don’t last long. Just some of the amazing features of these homes include soaring ceilings, extensive trim work, gourmet kitchens, custom closets, sunrooms, decks, and terracing. Waterfront homes can include deep water docks, boat houses, floating docks, and boat lifts to more fully enjoy the lake. Interior homes can take advantage of the neighborhood marina so they can equally enjoy lake living.

In the last year, interior homes have sold for upwards of $300,000. Lakefront homes typically sell for near to over $1 million. If you would like to schedule a private tour of listings in RiverPointe, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Waterfront Condos Await in Bluff Villas

September 20, 2019 by lkw_df Leave a Comment

If you want your own personal slice of Lake Wylie with great amenities and award winning schools, take a look at Bluff Villas. These spacious condos are in a great location, clod to restaurants and shopping and have easy access to Uptown Charlotte. Bluff Villas is located within the gated community of River Hills.

The community of River Hills includes 24-hour security, golf course, marina, rented boat slips, dog park, beach, park, playground, fitness center, tennis courts, sidewalks, streetlights, and country club. There is a separate private pool for Bluff Villas.

Bluff Villas was originally built in the 1970’s and there is plenty of style that is coming back into fashion. Many of the homes have been completely renovated on the inside so they show like brand new. Each multi-story unit has waterfront views from each level. There are multiple outdoor seating areas to take advantage of the views. Living rooms have vaulted ceilings giving a feeling of grandeur.

Homes have four bedrooms and three full bathrooms in 2,300 to 2,500 square feet of living space. One of the bedrooms and full bathrooms is on the first floor and can be used as a guest suite or office. Private master suites are on the second floor and include loft spaces. The lower level has two bedrooms and another full bathroom, perfect for a home office, guest rooms, or kids rooms. Units have large storage/utility rooms for all of your water toys. The best feature has to be the abundant windows letting in natural light and lake views from each level.

In the last year, five units sold in Bluff Villas. Prices ranged from $190,000 to $285,000. There are currently three listings in the neighborhood ranging from $250,000 to $300,000. Prices may vary depending on how updated the property is, and if they are interior units or end units.

If you want to schedule a private tour of homes in Bluff Villas, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Commercial Marina Coming to McLean

September 20, 2019 by lkw_df Leave a Comment

If you needed another reason to take a look at a home in McLean, there is a new commercial marina coming to the neighborhood. This adds yet another luxury feature to this amazing neighborhood.

The marina is being built by McLean in a partnership with Morningstar Marinas. The facility is already under construction and will have 300 dry slips, 35 wet slips, a waterfront event lawn and a ship’s store. Morningstar plans to handle day-to-day operations as they do on their three marinas on Lake Norman.

This adds to the list of amenities in McLean that is frankly, impressive. There are 130 acres of green space throughout the community. Residents have clubhouses, playgrounds, pools, mountain biking trails, pavilions, and 5 miles of shoreline on Lake Wylie.

When McLean is completed, there will be a total of around 800 homes in three distinct neighborhood sections in the 670-acre community. The land was the homestead of Daniel Stowe in Belmont.

All of these homes are located around 30 minutes from Uptown Charlotte. They are luxury homes on estate sized lots. Prices start in the $300,000’s but can go well over $1 million for custom waterfront properties. This is one of the last of the large scale neighborhoods to be developed in Lake Wylie as there are not many large tracts of undeveloped land left. If you want to get in on one of these amazing homes, now is the time to begin.

To read more about McLean, click here. If you would like to schedule a private tour of homes in McLean or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.