Lake Wylie Real Estate Information

Join the Lake Life

June 11, 2020 by lkw_df Leave a Comment

What better gift can you give your dad this Father’s Day than a new home on Lake Wylie? There are so many to choose from at all different price points. What better way to escape the heat than to join the many people who already enjoy the lake lifestyle?

So, you’ve decided to become a homeowner. What’s the next step? You need a Realtor to help you through the process. They are trained professionals who work just for you to walk you through the largest single investment you will probably make in your lifetime.

The first step they will help you through is to get pre-qualified for a loan. This process can be time consuming as you need to provide documentation of your finances to your loan originator. This will include information about your employment, your bank records, and outstanding debts. This will help you know how much home you can afford.

When you have this information, it is time to circle back with your Realtor to start looking for homes. This will initially be done with a search engine like this one here. Your Realtor has even more search parameters they can set up for you in a custom search so they can narrow down your prospective homes.

Once you have narrowed your search, it is time to go and see the homes in person. It can be hard to tell from photos what the feel of a home is, be sure to pay particular attention to the neighborhood, the location of amenities, the distance to shops and entertainment. It’s a good idea to view the home at different times of day to see traffic to and from work.

The next step is to choose the home of your dreams and work with your Realtor to craft an offer. There could be a few rounds of negotiations, or it could be a done deal the first time. It all depends on how many other people are vying for the same home.

When you have an accepted offer, you need to schedule to have the home inspected to make sure there are no outstanding maintenance issues. If there are, this is time for another round of negotiations where the seller will either fix issues or give you money to compensate you for repairs you will have to do once you own the home.

The next steps are all about getting your loan in order. You will need to provide further documentation to your loan originator, then once all of the paperwork is done, you head to the closing table. You will sign paperwork and the home is yours. Get ready to jump into Lake Wylie as you become the newest resident.

If you are ready to get the process started, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.

Featured Listing: 228 Ridge Reserve Drive

February 26, 2020 by lkw_df Leave a Comment

If you have been thinking about building your dream home in the Lake Wylie area, look no further than our new listing at 228 Ridge Reserve Drive. This amazing property is just about a third of an acre in highly desirable Heron Cove. We just wrote yesterday about this wonderful neighborhood, if you want to read the full article, click here.

228 Ridge Reserve Drive is a great lot on a cul-de-sac street with great woods ready for you to custom build the home of your dreams. The requirements of the lot call for at least a 2,200 square foot home that can be on a basement or crawl space. You can bring your own builder, or use one of the neighborhood builders.

The location of Heron Cove is great as it is just across the Buster Boyd Bridge in the heart of Lake Wylie. This means that you are in perfect position to take advantage of local shops, restaurants and community events. Being in South Carolina means lower taxes, but you still get to take advantage of excellent Clover schools. Uptown Charlotte is a quick commute, and quick highway access will make a short trip to Charlotte Douglas International Airport.

Heron Cove is an upscale community with amenities already built and ready for use. There is a pool and clubhouse in addition to waterfront park and dry boat storage. There are walking trails, a gazebo, and you are walking distance to swimming in the lake.

Don’t miss out on one of the last lots in the established community in Heron Cove. Call us at 803-831-8588 to schedule a private tour of the property and the entire neighborhood. To view this listing, click here. To view all current listings and create custom searches, visit our website here.

Explore Heron Cove

February 25, 2020 by lkw_df Leave a Comment

Of the many amazing lakefront neighborhoods in Lake Wylie, Heron Cove may be one of our favorites. The location is great, the schools are excellent, and you can’t beat the lake views. The community is further strengthened by amenities and local activities for all ages. This is a great place to call home.

To get to Heron Cove, take Highway 49 across the Buster Boyd Bridge, the neighborhood is just across the bridge and to the right. This means that residents are near shopping, restaurants, and community events. The neighborhood is zoned for Clover schools, one of the best in South Carolina, but you get the advantage of lower South Carolina taxes.

As you enter the community you will see the amenities including Waterfront Park. This park has swimming, and fishing. There is a storage rack for resident’s canoes, picnic and barbecue grills and a fire pit. There is a playground for the kids as well as Heron Park Swim Club and walking trails throughout the community. There is also dry-boat storage for residents.

Lots in Heron Cove are large, coming in mostly over an acre with old growth trees on a quiet peninsula on the lake. Homes were custom built, and tend to average 4,000 square feet and are packed with features. Many homes have coffered ceilings, hardwood flooring, gourmet kitchens, spa-like bathrooms, bonus rooms and some even have basements.

Currently there are 5 homes on the market in Heron Cove representing 10 months of inventory. The rest of Lake Wylie has just a 4.5 month supply of homes so buyers may have the upper hand in negotiations.

Heron Cove is a stunning neighborhood on beautiful Lake Wylie that you don’t want to miss! To schedule a private tour of homes in Heron Cove or any other Lake Wylie neighborhood, give us a call at 803-831-8588. To view all current listings and create custom searches, visit our website here.

January Market Report

February 20, 2020 by lkw_df Leave a Comment

The monthly report from the newly named Canopy MLS is in. When you look at the entire Charlotte area which includes many counties in South Carolina, the same trend we have been following for a while is still in place. Prices are up while supply is down and there appears to be no relief in sight as new listings are almost stagnant. This is persisting despite high demand for new homes with closed sales and pending sales up year over year.

When you look into the numbers for the Lake Wylie area, some of the trends are intact, while some are different. In Lake Wylie inventory of homes for sale is down 37.8% from last year at this time. This should have driven prices up, but it is the opposite. The average home sale was actually down 16.6% from $465,313 to $387,899. Keep in mind that numbers in Lake Wylie can be skewed due to the small sample size, for instance one premium lakefront home can have a big impact.

New listings, pending listings, and closed sales are all up from the same time last year, 27.6%, 40.9% and 10.7% respectively. This bodes well for the area as we can possibly start to recover from some of the inventory slump. Homes are selling quickly showing that there is still a strong demand for homes in the area. The average home was under contract within just 56 days with the closing happening after 106 days.

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

Explore Browns Cove

February 12, 2020 by lkw_df Leave a Comment

If you have been to Lake Wylie on a boat or just to swim, chances are you have visited Browns Cove. This amazing spot is popular with boaters and swimmers alike and it has a no wake entrance which makes it a quiet spot to enjoy the water. There is a deep water area inside the entrance perfect for swimming, and a few amazing homes that rarely come on the market.

Browns Cove is located on the North Carolina side of the lake near Charlotte Premium Outlets. You take I-485 to Shopton Road, then you can use either Buckland Road or Rock Island Road depending on if you want to go to the North or the South end of the cove. This means that shopping and dining are close and a commute to Uptown Charlotte is easy. A trip to Charlotte Douglas International Airport is convenient as well.

There are a few homes in Browns Cove and they don’t come on the market very often as they are premium real estate. Proximity to one of the lake’s best swimming holes adds a premium even over the typical waterfront lot.

There is one home about to hit the market and it is a prime example of a perfect lake home. The home is at 9332 Windy Gap Road and has 4 bedrooms, 3.5 bathrooms in 4,587 lakefront square feet. This luxuriously appointed home has been completely renovated with a fully finished basement and is perfect for entertaining and enjoying the lake life style.

In the last year, not a single home sold in Browns Cove. Many of these amazing homes on large flat lots have unobstructed views of the water. Waterfront homes have boat houses, floating docks, boat lifts, and slips for friends to park.

If you would like to schedule a private tour of the home coming on the market soon, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Neighborhood Spotlight: Summerhouse At Paddlers Cove

February 3, 2020 by lkw_df Leave a Comment

If you want to join in the lake lifestyle but don’t have the big bucks for a waterfront property, check out Summerhouse at Paddlers Cove. This new construction neighborhood by Lennar Homes has everything you need.

These homes were built between 2017 and 2019 and are on small easy-to-care-for lots. They have great craftsman inspired styling with brick, shingle, or stone details. Each home has a two car garage and many of the homes have front porches perfect for chatting with neighbors.

The interiors of these homes have open floorplans with grand kitchens, spacious bedrooms, and stylish details.

Summerhouse at Paddlers Cove is desirable for amenities as well as the new homes. There is a great clubhouse, pool, playground, and pond as well as street lights throughout the community.

The community is located 20 miles from Charlotte Douglas International Airport and 23 miles from Uptown Charlotte on the South Carolina side of Lake Wylie, South Carolina. The neighborhood is zoned for award winning Clover schools. This makes it a really desirable spot for many families so homes here sell quickly.

In the past year, 14 homes sold in Summerhouse at Paddlers Cove, but it was the close-out of the new construction. This year, there is only one home up for re-sale. Homes originally sold quickly with most homes going under contract in less than a month. Homes sold for between $255,000 and $353,600 with an average sale price of $312,602.

If you are interested in owning a home in Summerhouse at Paddlers Cove or any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view all current listings and create custom searches on our website here.

Featured Listing: 17804 Durrango Court

February 3, 2020 by lkw_df Leave a Comment

Welcome to your dream home! This stunning home at 17804 Durrango Court is located in the desirable and amenity rich Palisades neighborhood. This home won’t last long so give us a call at 803-831-8588 and we will schedule a private tour.

The Palisades are located south of the McDowell nature preserve on the North Carolina side of Lake Wylie. The neighborhood surrounds the Palisades Country Club and many of the homes have golf course views. There are waterfront lots and well as wooded interior lots. The neighborhood received the Audubon Gold Rating for being friendly with the environment and protecting native species. Amenities for this master planned community include a 21,000 square foot clubhouse, Jack Nicklaus designed golf course, 15-acre swim and tennis facility, 7 miles of natural trails and 300 acres of preserved woodlands.

This home is a fantastic example of an estate home in The Palisades at the end of a cul-de-sac street. The full brick exterior contains 6,899 square feet of living space spread across three floors with one being a fully finished basement. You won’t believe the upgrades throughout this home, from the treehouse with working windows and roof shingles, to the whole house surround sound system with internet hardwired into each room. There is a theater/media room with projector, main level private office, butler’s pantry, wet bar with beer tap, billiard area, exercise room, and so much more. The attention to detail is truly second to none.

This home has 7 bedrooms and 5 and a half bathrooms with one of each being a second living quarters in the basement with outdoor access, perfect for guests or in-laws. You’ll love the chef’s kitchen with a walk-in pantry, and the 14 foot kitchen island with seating. The butler’s pantry offers additional prep space and storage.

There are great schools in the area, both public and private as well as a brand new high school slated for 2021. You’ll find nearby shopping, dining, and entertainment. Uptown Charlotte is an easy commute for residents as well as a quick trip to Charlotte Douglas International Airport.

If you are interested in owning this home or any other home in the Lake Wylie area, give us a call at 803-831-8588. We will schedule a private tour and help you through the whole process so you can move into this amazing home. You can view all current listings and create custom searches on our website here.

Lucky You Could Own A Home

January 27, 2020 by lkw_df Leave a Comment

If you had 11, 33, 44, 59 and 67 with Powerball number 8, you are the lucky winner who won $50,000 in the lottery on Wednesday. The winning ticket was purchased at the QuickTrip on Charlotte Highway. You have 180 days from the drawing date to collect your prize, and we know just the way to help you spend your winnings.

When you purchase a home, banks want you to put down 20% of the purchase price. If you don’t have 20% of the purchase price, there are ways to still purchase a home. You can have two loans and only put down 5%. One of the loans will be for 80% and the other will likely have a higher interest rate but will be for the other 15%.

Another way to purchase a home without the full 20% down is to find a property that will accept an FHA loan. These types of loans have a few more requirements for the borrower, but you will be able to purchase a home with only 3.5% as a down payment if you have a FICO® credit score of at least 580. FHA loans also require a debt-to-income ratio less than 43% and income and employment verification. Your loan officer will let you know all of the other qualifications you will need, but the property will also have to pass a more rigorous FHA inspection.

If you have 20% or more to put down on the purchase of your first or next home, you may qualify for some of our historically low interest rates. Banks look at how much debt you have, what your income level is, what assets you have, and more to determine your interest rate for a loan.

If you are in the market to purchase a home in the Lake Wylie area, give us a call at 803-831-8588. We can put you in touch with the right people to get your loan process started, then we will help you find your perfect home. You can view all current listings and create custom searches on our website here.