Lake Wylie Real Estate

Spotlight: The Coves on River Oaks

March 1, 2016 by lkw_df Leave a Comment

The beautiful Coves on River Oaks offers residents large home lots in a peaceful lakeside setting.

Developer May Green Properties planned the 250-acre neighborhood that has just 160 home sites. It is located just north of the intersection of highways 557 and 274. It’s just 2 miles north of the Buster Boyd Bridge.

Aside from the proximity to Lake Wylie and all it has to offer, the neighborhood has walking trails and lots of common area green space. Additionally, it is close to local shopping, dining and restaurants.

Veranda Classic Homes has 6 floor plans to choose from or buyers can choose their own builder for a 3,000-square-foot minimum home size. The homes are priced from the high $400,000s to the $700,000s.

A custom Craftsman-style home that sold in The Coves on River Oaks last year.

Some of the custom builders in The Coves are MJ Palmer Construction Co., Aspen Homes, Beckham Custom Homes and Holmes Construction.

The first 3 phases of the community sold out, and May Green is offering “estate” lots of 4 to 10 acres in size. Even the standard home size lots of 1.4 to 3 acres are large compared to most planned community lots. There are no waterfront lots but many water view lots.

Currently, 8 homes are for sale in The Coves on River Oaks. One home is a 2010 resale home and the rest are new construction. Three are under contract as of March 1.

Only 4 of the 9 homes sold during the last 12 months were resale homes. The average sales price was $582,478, with an average price per square foot of just under $139.

Resale homes sold for an average of 94.5% of list price. The overall sales average was 97% of list price.

Fewer than 1 home sells per month in The Coves, which puts inventory at more than 8 months. Nearby neighborhood The Landing has 9 months of inventory and 9 homes currently listed for sale.

The Coves on River Oaks is zoned for Crowders Creek Elementary, Oak Ridge Middle School and Clover High School.

Seclusion & security in gorgeous River Hills

February 24, 2016 by lkw_df Leave a Comment

River Hills on Lake Wylie is one of the area’s premier lakeside communities with nearly 1,100 single-family homes and condominiums.

Built in the the 1970s by Hilton Head’s Sea Pines Group, the gated community is built around the championship golf course of River Hills Country Club.

The neighborhood has tennis courts, a fitness center, swimming pools, community gardens and walking trails for residents to enjoy. Homeowners also have lake access via a private, full-service marina and boat slips for owners without waterfront access at their home.

River Hills is on the South Carolina side of Buster Boyd Bridge on Hwy 49 and is only 30 minutes from Rock Hill, Uptown Charlotte, Gastonia or Charlotte-Douglas Airport.

The award-winning Clover School District serves the neighborhood.

For more complete neighborhood details, see this neighborhood profile.

An average of 5.3 homes sold each month in River Hills during the last 12 months for an average sales price of $324,532.

There are currently 27 homes for sale in River Hills, ranging in price from $200,000 to $830,000. Nine of the homes are already under contract as of Feb. 24.

Six waterfront properties are listed for sale, including this beautiful 3 bedroom, 2 bathroom home that is behind River Hills gates but technically not part of the property and therefore not in the HOA. This is a fantastic way to live on the water in a secure location without HOA fees! This seller is motivated, and it’s a wonderful opportunity to live on the water!

Twenty-seven homes listed represents approximately 5 months of inventory for the neighborhood, which is less than the 7 months inventory currently for both Lake Wylie and York County.

The highest price of a home sold in the past year was $610,000 for a 5 bedroom, 4 bathroom 5,400-square-foot home on the golf course. The lowest price was a townhome that sold for $137,400. On average, River Hills’ properties sell for 97% of list price.

River Hills is a fantastic property in a prime lakeside location. Its diverse home styles and activities attract all types of people and families. There is something for everyone in River Hills!

Spotlight: Peninsula on Bayshore

February 21, 2016 by lkw_df Leave a Comment

Bayshore Model Park F — LiveWell’s full-brick model home in The Peninsula on Bayshore

If you are looking for lakeside new construction in Belmont then look no further than The Peninsula on Bayshore. There are floor plans and price points to suit most families.

The neighborhood is located off South New Hope Road just north and across from Daniel Stowe Botanical Garden.

When you are ready to move into your new lakeside home, you will find the location is convenient to many nearby amenities. Downtown Belmont is convenient across the Armstrong Road bridge, and from there the Charlotte metro area is just about 25 minutes away.

If you happen to live and work in Belmont or the area then the beautiful, historic downtown area has plenty of local shops and businesses to keep you busy.

In the summer, the lake will be calling and you will be steps away from its shores. Based on the information from builder LiveWell Homes, there are water view lots but no waterfront lots. There are established homes not part of The Peninsula neighborhood that occupy the shoreline lots.

LiveWell did not provide information regarding community boat storage plans or water access/docks. Should there be no neighborhood access, the nearest public boat ramp is just down the road across the Armstrong Road bridge at the Allen Fishing access area.

Only new homes and lots are currently available in The Peninsula on Bayshore.

There are 14 home styles to choose from and customize on one-acre partially wooded lots. The builder offers 4 levels of homes – Cafe, Classic, Cottage and Estate series. Sizes range from 2,288 square feet to more than 3,700 square feet. Prices start in the $290,000s and go up to the high $300,000s.

One completed home sale has closed in the last 12 months. According to LiveWell’s web site, there are 13 other lots also sold as of Feb. 21.

The neighborhood is zoned for New Hope Elementary, Cramerton Middle and South Point High School.

LiveWell is one of the builders in Lake Wylie’s Palm Tree Cove II and The Retreat at Sunset Ridge. This is the company’s first community in Belmont.

Builder buys hundreds of acres on Lake Wylie

February 9, 2016 by lkw_df Leave a Comment

Bonterra Builders has purchased a large tract of land near Lake Wylie in southwest Mecklenburg County, according to a report in the Charlotte Observer.

Bonterra, whose homes are also in Lake Wylie’s Heron Cove and Belmont’s Morgan Branch, purchased a 213-acre tract off York Road for approximately 6 million, the report said.

The land is southwest of McDowell Nature Preserve just before the bridge. The southern border of the land purchased abuts the waterfront homes on the north side of Boyd’s Cove.

The report did not give a timeline or a plan from Bonterra for the land.

Bonterra lists 29 communities in and around the Charlotte region it has planned or completed.

It builds homes in all price points from the $100,000s to near $900,000. The homes in Lake Wylie’s Heron Cove are large in size and are priced in the $400,000s.

With Bonterra’s development likely coming to the Boyd’s Cove area, now is the time to get in on a beautiful waterfront home there.

This gorgeous ranch built in 2000 has expansive waterfront views throughout and nearly 5,000 square feet of living space.

The home has been fastidiously maintained and is ready for summer fun and watching sunsets from the porch!

Sunset Point: Affordable lakeside living

February 4, 2016 by lkw_df Leave a Comment

Sunset Point on the shores of Lake Wylie is a beautiful community tucked away on the southeastern corner of the lake near Westminster Park.

Built in 2002, the neighborhood includes single-family detached homes and townhomes. It is one of the more affordable communities on the lake with waterfront homes.

Sunset Point is 20 miles south of Charlotte with convenient access to I-77. It is minutes from Fort Mill and Tega Cay.

Founded in 2002, Sunset Point has many amenities, such as a pool and cabana, grills and picnic area, private beach area with a picnic pavilion and a lakeside boardwalk.

The neighborhood also has a 64-space community boat storage area. Most waterfront homes in the community also have either private backyard docks or private community slips. Public access boat ramps for residents who do not have a boat slip or dock is available at nearby Ebenezer Park.

Interior homes usually range in the $200,000 to $300,000 range, while waterfront homes in Sunset Point can approach high $400,000s.

Currently, there are 2 homes listed in Sunset Point, both waterfront and listed at $450,000. Both homes are around 2,500 square feet.

The average sales price for a home in Sunset Point over the last 12 months was $234,050. There were no waterfront homes sold in the last year. The price per square foot for the homes sold averaged approximately $90.

The highest and lowest price of homes sold in the last year was $277,000 and $189,500, respectively.

Life on the lake attracts all kinds of buyers and Sunset Point is no different. The community is a diverse mix of young, single professionals, couples, families, retirees and empty-nesters.

If you thought waterfront or even water view living would bust your budget, think again. Keep an eye on homes available in Sunset Point!

There’s no place like home…on Allison Creek Peninsula

January 19, 2016 by lkw_df Leave a Comment

Allison Creek Peninsula is surrounded by Big and Little Allison Creek inlets, two recreational hot spots on beautiful Lake Wylie. Palm Cove and Palm Cove II are just 2 of the 4 adjacent communities on the peninsula worth considering if moving to the lake is on your to-do list!

The communities offer a mix of custom homes and production homes. Palm Tree Cove II is still being built out and has only new construction homes for sale, while there are a mix of new construction and resale in Palm Tree Cove.

Palm Tree Cove II homes start in the $200,000s, and Palm Tree Cove homes are a bit pricier, averaging closer to $300,000 on the low end and upper $400,000s on the high end.

Currently, there are 4 homes on the market in Palm Tree Cove, 2 new construction and 2 resale. One of the new construction homes is under contract, as of Jan. 19. The prices range from $576,000-plus to $385,000.

In Palm Tree Cove II, there are 7 new construction homes on the market. The highest list price is nearly $400,000 and lowest is in the $270,000s. None is under contract.

The location of the communities cannot be beat! Access is easy from Highway 274 onto Allison Creek Road. There is a public access point with a boat launch and day dock that many of the peninsula homeowners use. Shaded sidewalks connect all the communities along Allison Creek Road.

The peninsula offers a diversity of homes from custom homes in Mariner’s Bluff or Mariner’s Watch Cove – the other two neighborhoods that share the peninsula – and homes outside the 4 subdivisions that could be a small cabin or a waterfront mansion.

Winter is the perfect time to dream about summer fun on the lake. If you’re thinking of moving then you can’t go wrong with a home on beautiful Allison Creek Peninsula!

Escape hectic life in Heron Cove

January 14, 2016 by lkw_df Leave a Comment

Heron Cove on Lake Wylie is the best of work and play. Its location makes traveling to Charlotte or Rock Hill a quick commute, less than 20 minutes for both. For recreation, all of Lake Wylie’s 12,000-plus acres is out your door to be enjoyed!

The neighborhood of 104 home sites, located just west of the Buster Boyd Bridge, is full of custom homes built by 5 builders on lots of a half acre to 1.5 acres. There is a community pool, walking trails and Lake Park for residents to enjoy.

The nearby River Hills Plantation Country Club features an 18-hole golf course, tennis courts, a fitness center and other amenities. Daniel Stowe Botanical Garden is nearby, as is Coffer Dam, one of the best fishing spots on the lake. McDowell Nature Preserve is just across the bridge on Highway 49. The 1,100-acre preserve is largely undeveloped and home to lots of wildlife.

Homes in Heron Cove range from the $400,000s to $900,000s. According to the Heron Cove Web site, there are still interior and waterfront lots available.

Currently, there are 3 homes listed on the market in Heron Cove. Over the last 12 months fewer than 1 home per month has sold. The average sales price is $486,737. The average price per square foot is just under $127.

Six homes sold in Heron Cove in 2015 for an average of 98% of list price.

If you’re interested in living on the lake then take a look in Heron Cove. The real estate market heats up with the weather, and you don’t want to miss out on Lake Wylie life!

Palisades brings nature home

January 7, 2016 by lkw_df Leave a Comment

Just south of the Buster Boyd Bridge on the North Carolina side of Lake Wylie is the awe-inspiring 1,500 acre master-planned community of The Palisades, where Mother Nature and modern lifestyle peacefully coexist.

The Palisades actually comprises 15 different named neighborhoods built by one of the community’s 5 builders. Outside your front door is all Lake Wylie has to offer in the way of water sports and fantastic views. In addition, there is a residents club, country club and golf course and recreational facilities.

The effort to preserve nature, green spaces and watersheds earned the community an Audubon International Certification. Residents can enjoy that nature on the community’s numerous trails.

Home prices range from the low $200,000 area to well over $1 million. There are new homes and lots on the market as well as previously occupied homes. The Palisades offers a limited number of waterfront homes sites.

As of Jan. 7, there are 74 homes on the market in The Palisades, 23 of which are under contract. Many of the homes listed are new construction.

During the last 12 months, an average of 7.1 homes sold per month in The Palisades. Given the number of homes currently for on the market, that is more than 10 months inventory. Nearby Riverpointe has about the same amount of inventory. Charlotte and Mecklenburg County each as 3.8 months inventory.

The average sales price in The Palisades during the last 12 months is just over $463,000, with an average price per square foot of $113.12.

The highest price of a home sold during the last year is $950,000; the lowest sold for $268,700.