Lake Wylie Real Estate Information

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!

Belmont: A little town with a lot going for it

January 13, 2016 by lkw_df Leave a Comment

Long-ago dependent on the textile industry for its lifeblood, the city of Belmont now stands on its own as a thriving suburb of Charlotte.

Downtown Belmont has a small town feel with locally owned boutiques, restaurants and a general store. Rest assured, you can still find modern-day services and amenities, too. It’s also home to the gorgeous Daniel Stowe Botanical Garden and Belmont Abbey College, a private liberal arts Catholic college.

The town is great for outdoor recreational activities and raising a family.

Getting to and from Belmont in Gaston County is a breeze. Interstate 85 passes through, as does Wilkinson Boulevard (US-74). Charlotte/Douglas airport is just 7 miles to the East.

Belmont is situated on a peninsula of land formed by the Catawba River and one of its tributaries, the South Fork Catawba River.

As of Jan. 13, there are 184 properties listed for sale in Belmont. Several of those homes are waterfront. There are also a few new construction waterfront homes in McLean, South Shore and The Conservancy neighborhoods, located southwest of downtown Belmont near the Daniel Stowe Botanical Garden.

List prices range from nearly $2 million for a 6,800-square-foot-plus 2005 waterfront home in Misty Waters subdvision to under $30,000 for a small inland home that is north of I-85 toward Mt. Holly.

There are currently a total of 95 waterfront homes listed on all of Lake Wylie, with an average price of nearly $780,000.

Eighty-seven percent of the homes sold in Gaston County in 2015 fell into the less than $250,000 category. The $250,000 to $500,000 range accounted for 12.4% of the market, and the remaining 0.5% went to homes $500,000-$1 million and above.

Market spotlight: Forest Cove

January 6, 2016 by lkw_df Leave a Comment

The waterfront neighborhood of Forest Cove is the best of both worlds offering proximity to the northern end of Lake Wylie as well as an easy commute to the larger city amenities of Charlotte, which is a mere 20 minutes away.

While some Forest Cove homes are waterfront, all home owners have access to community boat slips. The neighborhood is 3 miles from the beautiful Daniel Stowe Botanical Gardens and 7 miles from quaint downtown Belmont.

Just 4 homes in Forest Cove have sold in the last 12 months. Those homes sold for an average of 97% of list price. Currently, there are 2 homes on the market in Forest Cove, one of which is a waterfront property built in the mid-1980s.

The highest sold price for the last 12 months is $451,500; the lowest sold price is $285,000.

In the last 12 months, an average of 0.3 homes have sold per month. With 2 currently on the market, that gives Forest Cove about 6 months of inventory, which is slightly higher than Belmont’s 5.7 months of inventory.

The average sales price and average price per square foot for during the last 12 months is $344,875 and $110.36, respectively.

Spotlight on Forest Bay

December 27, 2015 by lkw_df Leave a Comment

Six miles south of downtown Belmont on a peninsula of land between the Catawba River and the northernmost finger of Lake Wylie lies Forest Bay subdivision. The enclave of luxury homes offers lakeside living without giving up proximity to metro Charlotte.

Forest Bay is easily accessible from downtown Belmont via Highway 273 and a short drive from the beautiful Daniel Stowe Botanical Garden.

The majority of established homes were built in the early 2000s, however, there are 2 lots available for sale in the subdivision as of Dec. 26.

The average number of homes sold per month during the last 12 months is less than 1. No homes have sold in Forest Bay during the last 3 months. The highest sales price in the last 12 months was $1.045 million and lowest sales price was just shy of $450,000.

The average sales price for the last 12 months is $739,500 and average price per square foot at just over $157. Because so few homes are sold in the neighborhood annually, the average sales price and average price per square foot data for the last 12 months is not enough to draw conclusions about overall trends for the neighborhood. The data appear to show a downward trend, however, it represents only 3 home sales.

Currently, there are 2 homes on the market in Forest Bay, one of which is under contract. The subdivision has 8 months of inventory, slightly higher than the 6.2 and 5.8 months inventory for Belmont and all of Gaston County, respectively.

The real estate market tends to cool with the weather and pick up in the spring. Forest Bay has fantastic options for finding a dream home near the lake or building it from the ground up on one of its available lots.

Market spotlight: Belmont’s Timberlake

December 17, 2015 by lkw_df Leave a Comment

If you’re looking for small-town lifestyle and ambience with proximity to big-city amenities then Belmont might be the right place to call home.

Settled in the 1750s, downtown Belmont has a vibrant collection of local merchants, restaurants and a historic district listed on the National Register of Historic Places.

One of the many choices to call home is Timberlake, which is only two miles from the downtown area and nestled in a bend of the South Fork Catawba River.

Over the past 12 months, the number of homes sold per month in Timberlake is about 1.7 homes and trending downward to one per month in the last three months. The average sales price is just over $311,000 and approaching $347,000 in the last three months.

The average price per square foot has remained relatively steady in the last 12 months, average approximately $105 per square foot.

At 4.2 months inventory, Timberlake is well below all of Belmont and Gaston County, which have 5.9 and 5.8 months inventory, respectively.

Currently, there are seven homes on the market in Timberlake; Four of the homes are already under contract. New construction is also available through builder AV Homes.

Market Spotlight: Tega Cay

December 15, 2015 by lkw_df Leave a Comment

Twenty miles to the south of the Charlotte metro area is prime lakeside living along Lake Wylie. On a southeastern peninsula jutting into the lake is the community of Tega Cay, a three-acre planned city in Fort Mill.

In addition to the obvious allure of the waterfront, Tega Cay also offers miles of walking trails and 27 holes of golf.

Home sales in Tega Cay have averaged approximately 5.2 homes per month over the last year. The average sales price and average price per square foot trends have nearly mirrored each other, peaking in the last six months and trending downward over the last 3 months.

The average sales price over the last three months is just over $257,000, and the average price per square foot is just shy of $119.

Currently, there are 27 homes on the market in Tega Cay. Of those listed, 11 are under contract as of Dec. 15. This represents a market inventory of a little over 5 months, given sales average just over 5 per month. Fort Mill and York County have 5.4 months and 7.3 months inventory, respectively.

On all of Lake Wylie, there are currently 97 waterfront properties listed for sale or 11.2 months inventory. The average sales price of a Lake Wylie waterfront home is $755,034.

Lake Wylie Realty welcomes Patti Elam

November 4, 2015 by David McCorkle Leave a Comment

Lake Wylie Realty is pleased to announce the addition of North Carolina, South Carolina Broker/Realtor to the Team Patti brings over 30 years of experience to the Company and will specialize in all phases of the Industry. Contact Patti at 704-309-6912 or email at http://www.patti@lkwrealty.com