Lake Wylie Real Estate

Neighborhood Spotlight: Ridgewater

January 24, 2019 by lkw_df Leave a Comment

If you are looking for a new home in Southwest Charlotte with quick access to Lake Wylie, let us take you on a private tour of Ridgewater. This new community of homes is prestigious and highly coveted. Brought to you by Mattamy Homes, Ridgewater offers amazing homes and amenities.

Located off of McKee Road south of Youngblood Road, Ridgewater has a great location near The Palisades. There is great tranquility in the wooded setting, but close by you will find everything you need from grocery stores, dining, shopping and more. Recreation nearby includes McDowell Nature Preserve, Daniel Stowe Botanical Gardens, Carowinds Amusement Park, and of course Lake Wylie. Nearby highway access will connect you easily with Uptown Charlotte, Charlotte Douglas International Airport, and more.

Ridgewater is currently under construction with two model homes, 15 plans to choose from and currently 10 quick move in homes. There are also many homes currently under construction and opportunities to build your dream home from the ground up. Two additional phases should open soon for more choices of lots. There are many properties that back to green space as well as cul-de-sac properties available.

In Ridgewater, Mattamy Homes is offering their Trademark and Classic Series homes. They include amazing architectural details, superior standard finishes and many options for personalization. Homes have one or two stories with 3-6 bedrooms, 2-4.5 bathrooms, 2,003-3,258 square feet of living space, and 2 or 3 car garages. Amenities for the community include a swimming pool, cabana with covered patio, playground, sidewalks, pocket parks, and nearby lake access. Homes start in the upper $200’s and can go to the upper $300’s with larger plans and personalization options.

For more information or to schedule a tour of Ridgewater or other similar neighborhoods in Lake Wylie, take a look at our website, or call 803-831-8588.

Rustic Retreat at 16250 Cozy Cove Road Lake Wylie

January 23, 2019 by lkw_df Leave a Comment

Just listed, a cute cabin in a prime location adjacent to the Palisades. Don’t miss this opportunity to own 16250 Cozy Cove Road at a great price with year round amazing access to and views of Lake Wylie.

This rustic retreat has a great screened porch and decks perfect for lounging and taking advantage of the views. Enjoy just over an acre of property with over 185 feet of waterfront. This home is perfect for escaping the city for the weekend. Relax on the floating dock or take your boat out to enjoy time on the water. Current list price is only $489,000.

The current home has 860 square feet of living space built in 1967. There are three bedrooms and one full bathroom. The kitchen, dining, and living room are open concept. Owners have access to the Palisades Country Club even though there is no HOA. The home is being sold as-is. This could be a perfect weekend spot.

If you are more adventurous, you could remove the current home and custom build your dream home in its place. The home has exiting well and septic systems, but no representation on their condition. The current Utility Department tap fee is $7,500 if you wish to bypass the old systems and modernize the property. With the main value being the land, a new structure could take great advantage of the views.

For more information on this home or other waterfront properties in Lake Wylie, take a look at our website, or call 803-831-8588. To view the listing for 16250 Cozy Cove Road, click here.

Upcoming Lake Wylie Projects

January 17, 2019 by lkw_df Leave a Comment

The rejected plan for Vista at Lake Wylie

There are some projects that are in the planning stages in the Lake Wylie area that have us pretty excited. York County Council is working with developers and builders and the community to make sure all parties are in agreement on these projects. There is still more opportunity for plans to be amended, but here is what we know so far.

Vista at Lake Wylie has put forth a third proposal for development on 179 acres at SC 274 and Pole Branch Road. The first two plans called for 178 homes on the parcel. Owner Marsh Realty Co and developer MT Land have altered the proposal which now includes 89 homes. The project was held up in 2017 due to traffic concerns and relocations/modifications to a few intersections. The major highways that serve the area currently receive failing grades to meet the increased traffic demand. If approved, this project could be great for the area. Plans are said to include two entrances as well as lake access.

Another plan in the works is from Bonterra Builders. They bought almost 33 acres on SC 557 and are working on a plan for permitting. The site is just beside Oakridge Middle School. No word yet on the name of the project or how many homes they expect to build there. The location is great however so we are excited to see what they have planned.

If you are interested in a home in the Lake Wylie area, give us a call at 803-831-8588 or visit our website to view current listings and create custom searches.

Year End Market Wrap Up

January 17, 2019 by lkw_df Leave a Comment

The start of the new year is always a time of reflection. Looking back at the year in Real Estate is a good way to see where we are and where we anticipate the market is heading. Predictions are imprecise at best, but we can show you the yearly trends and give a possible scenario for the future.

When you look at the Lake Wylie area, if you look at the trend over the previous few years, you can see that there are more new listings now than ever before. In 2013 there were just 1,056 new listings all year and in 2018, there were 1,656. This increase reflects the boom in the area with new construction, renovations, and the growth in the area.

Closed sales have gone up as well which shows more of the story of the population boom. In 2013 just 646 homes closed. In 2018 there were 1,227, an increase of 581 homes. When you look at the entire Charlotte area, the increase is much larger over the course of those years, 13,220 more, but the region has grown a lot over that time and the MLS data also includes surrounding counties now and it did not before.

Prices of homes are one of the more dramatic areas of growth over the time between 2013 and 2018. In 2013 the average home in Lake Wylie sold for $327,130. In 2018 the average Lake Wylie home sold for $397,957, and increase of just over $70,000 in just 5 years.

When you look at the shorter trend, comparing 2018 to 2017, you see that Lake Wylie is not seeing the slump that the rest of Charlotte is seeing. Lake Wylie has had gains in new listings, pending sales and closed sales. In comparison, Charlotte as a whole has seen declines in all three. It remains to be seen if Lake Wylie will see the slowdown that has been evident in the region as a whole. The Lake is a huge draw so it will probably see the slowdown much later than the rest of Charlotte, if it sees it at all. Looks like the Lake is a good bet for the foreseeable future.

If you would like to own a home in Lake Wylie, give us a call at 803-831-8588 to schedule a private tour of homes. You can view current listings and create custom searches on our website.

December Market Report

January 10, 2019 by lkw_df Leave a Comment

The monthly numbers are in from the Carolina Regional Realtor Association. Each month they compile data from the Carolina Multiple Listing Services Inc to get a portrait of the local real estate market.

When you start digging into the numbers, for the entire Charlotte region sales were down 14% from December of 2017. Prices were up slightly, with the average sales price up 1.1% to $282,894. Inventory was down yet again from a 2.3 month supply to a 2.2 month supply, a decline of 550 homes. This leaves sellers again in the best position in real estate deals with a balanced market considered to be a 4-6 month supply of inventory. Pending sales were dead even and new listings were down 4.4% from this time last year.

When you look just at Lake Wylie, the story is a little bit different. Closed sales were indeed down year over year 15.3% from 98 to 83. Due to the small sample size, the percentages can look extreme so please keep that in mind. Average price was up year over year to $409,539, an increase of 16.2%. Inventory was dead even from last year in terms of months of supply at 3.3, but remember about that extreme note from earlier, there were actually 26 more homes on the market.

This means that sellers are still in a slightly better position in the Lake Wylie area. New listings are on the rise in the area with many new construction projects helping to boost the supply. The new listings were up 23.9% from 67 to 83. Pending listings were down year over year from 75 to 62, down 17.3%. Homes spent longer on the market in 2018 with days on market up 102% from 51 to 103, but this probably reflects new construction homes which typically stay on the market substantially longer than existing homes.

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

Explore Lake Crest

January 10, 2019 by lkw_df Leave a Comment

Home builder Mattamy Homes is currently building another great project nestled on the banks of Lake Wylie. These homes back to wooded green space and there are some basement lots available. Amenities serve the community as well as country clubs, parks, and the lake. There are great school assignments and a Clover, SC address.

Located just across the Buster Boyd Bridge, and across the street from D.R. Horton’s new community of Cypress Point. This spot is great for access to the lake as well as a quick Uptown commute up Highway 49/Tryon Street. There are many options nearby for outdoor recreation, golfing, shopping, dining, and much more. Nearby highway access will connect you with all parts of the city.

Homes in this desirable neighborhood start in the upper $200’s so are a great affordable place to get lake living. Homes have between 3 and 6 bedrooms, 2.5-3.5 bathrooms and 2,205 to over 3,000 square feet of living space. There are six plans to choose from with many different options for upgrades to make the homes your own. They range from one story ranch style homes to two story to one and a half story homes. Amazing details are found throughout the homes from craftsman style porches to shingle siding to chef’s kitchens and home offices with built in cabinetry.

Lots are small and easily manageable, perfect for busy families or downsizing. A community pool and cabana, hiking trails, and ponds round out the community. There is also a public boat and kayak launch a short drive away. Homes in Lake Crest are zoned for nearby award winning Clover schools.

If you would like to schedule a private tour of Lake Crest or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can also view current listings on our website here.

Get It All In North Reach

December 27, 2018 by lkw_df Leave a Comment

Location, amazing homes and abundant amenities. Sound good? You can get that and more in Taylor Morrison’s new Lake Wylie neighborhood of North Reach. There are a few chances left to start from the ground up to build the home of your dreams.

This neighborhood was begun by Bonterra builders which became part of Taylor Morrison Homes. They are offering 8 floor plans and a total of 138 lots in the neighborhood. There are cul-de-sac lots available as well as many lots backing to green space.

North Reach is located 15 miles away from Uptown Charlotte with the entrance just off Grand Palisades Parkway. There are many fishing and swimming spots nearby as well as Pier 88 Yacht Club, McDowell Nature Preserve and Daniel Stowe Botanical Garden. There are great options nearby for shopping and dining at Rivergate and the new Publix for groceries. There are also outlet stores close by at Charlotte Premium Outlets.

Amenities in North Reach include a fishing cabin, walking trails and well-equipped outdoor exercise area. Homes in North Reach also include a social membership to the Palisades Country Club which features a junior Olympic swimming pool, tennis courts and clubhouse facilities. If you choose to become a full club member, you can enjoy the golf course as well.

Home in North Reach are all open-concept with modern layouts. Standard features include gourmet kitchens, owner’s retreats, and outdoor living spaces. Many homes have bonus rooms, lofts, flex rooms, formal dining, home offices and more. Homes have 1,904 to 3,633 square feet and have 2-4 bedrooms and 2-4 bathrooms. Most homes are ranch style but some are 1.5 story. There are 2 or 3 car garages and all homes are energy efficient with great architectural details.

Children in North Reach currently attend Palisades Park Elementary, Southwest Middle and Olympic High Schools. Private schools nearby include Palisades Episcopal School, Walnut Grove Christian School, and Lake Point Academy just to name a few. Please verify school assignments as they can change from one school year to the next.

Homes start at $276,990 and can go higher with options and selections. In the past year homes have sold for between $287,900 and $419,176 with an average price of $342,874. There are currently 12 homes on the market in North Reach that are in various stages of construction. There are also opportunities to start from scratch and go through the entire building process.

Visit Lake Wylie’s Cooks Cove

December 19, 2018 by lkw_df Leave a Comment

Cooks Cove is a beautiful enclave of gated luxury homes on the shores of Lake Wylie. These homes are a true escape from the busy pace of life. Enjoy lake living at its finest in one of these homes that rarely come on the market. This great location has everything you need along with great schools and is truly an oasis.

The neighborhood is located on the shores of Lake Wylie off of Lake Wylie Road. Residents can get quickly to Highway 49 to connect with I-485 and I-77. This will easily get you to Uptown Charlotte and Charlotte Douglas International Airport. There are also nearby options for shopping, dining, and entertainment.

With custom homes built in the early 2000’s, Cooks Cove has every feature you would expect in a modern luxury home. Some of the homes feature salt-water pools, home theaters, libraries, wine cellars, sports courts, 4 or more car garages and much more. Homes typically have around 4,000 to 8,000+ square feet of heated living space. Most of these homes have at least 4 bedrooms and 4-6 bathrooms.

Expect master suites with spa like bathrooms and custom closets. Many of the homes have fully finished basements adding valuable space for living and entertaining. The waterfront homes have docks, boathouses, and/or floating docks. Many of the homes have extensive outdoor living spaces including outdoor kitchens, decks, paver patios, screened porches and more. Homes have custom cabinetry, high ceilings with trey and coffered details, tankless hot water heaters, central vacuum systems just to name a few.

Children in Cooks Cove currently attend Crowders Creek Elementary School, Oakridge Middle School, and Clover High School. These schools are top in the area which makes Cooks Cove even more desirable. Please verify school assignments as they can change from one school year to the next.