Market report: Waterfront sales

screen-shot-2016-10-02-at-4-47-13-pmLet’s take a look at the year-to-date numbers for waterfront properties in and around the Lake Wylie area.

With the first three quarters of the year under our belt, the housing market, and particularly waterfront sales, are looking good for Lake Wylie and the surrounding region.

Year-over-year numbers indicate that the average number of homes sold per month are up, with 105 homes sold so far in 2016 (approximately 12 homes sold per month) as compared with only 91 homes sold through the third quarter in 2015 (approximately 10 homes sold per month).

Furthermore, the average list price has increased from $548,000 in 2015 to $608,000 in 2016, the average sales price has increased from $525,000 in 2015 to $580,000 in 2016, and the average price per square foot has increased from $172 in 2015 to $190 in 2016.

Even though the current number of waterfront homes on the market, 130 to be exact, represents 10.8 months of inventory which would be considered a buyer’s market, the year-over-year numbers reveal positive trends for sellers. Plus, based on what is on the market now in Lake Wylie and the surrounding region, the average price per square foot is $221 and the average list price is $875,000, and both of these numbers are notably higher than last year’s numbers at this time.

In the first three quarters of 2015, homes spent an average of 124 days on the market, and in 2016 homes spent an average of 142 days on the market, indicating slightly less activity this year and a sign that buyers may have the upper hand now.

So, while, inventory points to favoring the buyers, other stats are looking favorable for sellers. It’s a win-win!

Major development is happening in York County

Screen Shot 2016-08-28 at 9.28.56 PM

Exciting things are happening in and around the Lake Wylie area, and if you have been thinking about moving to the area, now may be the best time yet.

Development plans are in full swing in York County, with major residential projects on the horizon in Lake Wylie, and plenty of commercial construction happening in Fort Mill, as well. There are currently several hundred acres of land up for review for new construction plans across the region.

The southwest corner of US 21 and Gold Hill Road occupying almost 25 acres is tentatively planned for four commercial 30,000-square-foot buildings, plus another 20,000 square-foot building, as well as plenty of parking.  The property is currently zoned for residential use but rezoning efforts are in the works. This will be big!

There is also a residential subdivision in the planning stages in Lake Wylie on a piece of property owned by Crescent Communities, a very prominent developer. The proposed site is located at SC 49 and Daimler Boulevard, and plans include the development of single family homes.

There are also plans for an apartment complex at the corner of SC 49 and Senator Road, just east on Mill Pond Road. Furthermore, another car wash could also be moving into the Lake Wylie area on a 15 acre lot on SC 49.

So much growth and development throughout York County shows signs of a strong economy here as well as it being a desirable place to live. As the community grows and more residential options become available, the business community will also continue to thrive. For more details on the projects currently underway in Lake Wylie and Fort Mill, read the full article at heraldonline.com.

 

Lake Wylie Plans more Outdoor Living

Crowders Creek Park Plan

Crowders Creek Park Plan

A Crowders Creek park plan will be voted on by Lake Wylie residents later this year. June 20th, the York County Council received and finalized a petition to allow a special district vote on the proposed sports complex in Lake Wylie. The special tax district vote will occur with the general election ballot on November 8th. If the plan is approved by the voters, it will result in paying for half of an $8 million sports complex on land owned by York County. The land is along Crowders Creek.

The cost is estimated by park supporters to come in at $16/year on $100,000 home value, or $24/year for $100,000 of commercial property value.

The park would include baseball/softball fields and multi-purpose fields for hosting outside tournaments. It would also include trails and more.

LakeWylieBikeTrailLindsayAdditionally, a community workshop will be held June 27th to come up with a plan to improve bicycle and pedestrian connections throughout the Lake Wylie area. The workshop is hosted by the Rock Hill-Fort Mill Area Transportation Study. It will be a drop-in meeting hosted at the Lake Wylie Public Library.

RFATS hopes the meeting will help identify gaps that could connect existing bicycle or pedestrian paths to encourage people to reduce vehicular traffic on roadways.

These projects could potentially help support current businesses and residents and draw more into the area. Lake Wylie is all about outdoor living and these projects line up with those goals.

It remains to be seen if residents are willing to help fund the park. It will also be interesting to see what the community would like to see out of the bicycle and pedestrian plan. It would be nice if Lake Wylie could be connected by trails to the larger community like is happening in many other cities around the country.

Read more about Crowers Creek Park here.

Read more about Bike Trails here.

A Dream Home for Father’s Day

A Recently Sold Home in Eagle Park

A Recently Sold Home in Eagle Park

This Father’s Day, make his dreams come true by investing in a home of his dreams. What could be better than a home that is close to golfing, tennis, water sports, has a great yard to putter around in and has all of his favorite features? Where can you find all of these things? Eagle Park in Belmont has all of this and more, all within walking distance to downtown Belmont.

The U.S. National Whitewater Center, the Catawba River and just to the South, Lake Wylie are all of the water sports places Dad will need to keep himself in shape and get the vitamin D he needs. He can also mountain bike on the 8.3 mile loop of trails around the U.S. National Whitewater Center.

Dad can choose between Green Meadows Golf Course, or he can play a much more fun round at Purple Planet 3D Mini Golf. He can head to Davis Park for some tennis, or join CrossFit Belmont for some intense circuit training.

He’ll also love going out to the many restaurants, antique shops, pubs and art galleries all just a quick walk away.

Eagle Park is a new neighborhood of traditional single-family homes, cottage style homes and townhomes. The project features parks, trails and green space that both Dad and Mom will love. Builders include David Weekley Homes, Westwood General Contractors and Brookline Homes, LLC.

Pool at Eagle Park

Pool at Eagle Park

The amenities of Eagle Park include a playground, competition pool, clubhouse, fitness center, pocket parks and a bark park for dogs. The community is already strong hosting many weekly events in the clubhouse. The pool includes a splash area for kids as well as relaxation areas for the adults.

In the past year, homes have sold in Eagle Park for between $201,000 and $340,000. As of June 18th there are currently 8 homes on the market in Eagle Park with one under contract. List prices range from $270,000 to $359,900. There are also still opportunities to customize and build a home. So this Father’s Day, give Dad what he really wants, a lifestyle upgrade.

Fort Mill has a new huge development project on the horizon

Screen Shot 2016-06-06 at 8.10.08 PMFort Mill is undergoing quite a bit of development as 2,900 more homes and apartments are planned along Spratt Street and Fort Mill Parkway. John Spratt, who owns more than 700 acres at the site, presented a plan with partners on Wednesday night to the Fort Mill Town Council to add residential, commercial and recreational space in a new mixed use development there.

The hope is that such land development will be part of the solution to continue to develop and improve Fort Mill, and it will contribute to securing its future. The plan would take over approximately 688 acres along the bypass. The land there would be rezoned from light industrial to mixed use in the town. Another 23 acres currently zoned for residential use would be rezoned to mixed use. Then a development agreement would allow for up to 1,700 single-family homes, up to 1,200 “other residential” units, between 250,000 and 500,000 square feet of commercial space, more than 60 acres of park and recreation space, more than 60 acres of open space and approximately three acres to expand the nearby wastewater treatment plant.

The plan would not happen overnight, as a 20-year buildout is anticipated with the hopes of selling the land to a developer in early 2017. This huge and record-breaking development project could potentially bring about 900 more new residences than is currently provided by the Massey and Waterside subdivisions combined.

As a means for controlling traffic and a need for more schools with so many new residences, the planning commission is recommending to require at least 15% of the residences be age restricted to seniors.

Town Council will have the final say on the annexation of the land, the rezoning and development agreement at a public hearing expected to take place on June 13.

Previously proposed large residential projects met with opposition because rezoning without  annexation would impact the town without providing tax revenue. This proposal, however, is different, as the largest part of the project is zoned light industrial, therefore not allowing for residential use. However, there is still some proposed zoning for residential development, which many are happy to see. Residents in particular are looking forward to more athletic field space as well as the opportunity for property owners to develop land how they see fit.

The plan still needs a little bit of tweaking, as well as approvals from Town Council and the public hearing. But all in all, it is looking good for Fort Mill.

For more details on the project, read the full article at heraldonline.com.

 

Town Spotlight: Clover

The Clover area of Lake Wylie is a special one, lying just south of the Carolina border with all of the beauty that Lake Wylie has to offer, as well as countless local conveniences and a great location. Located in the Northwestern part of York County, legend holds that the town got its start in the late 1800s when a small cluster of homes was built round a 5,000 gallon water tank. Large clover patches grew where excess water spilled, and thus, the name “Clover” stuck. Clover offers great schools, lower taxes and tons of waterfront properties.

Clover and the surrounding area offer a small town feeling, however it allows for easy access to big city perks with its close proximity to Charlotte and Gastonia, North Carolina, as well as Rock Hill, South Carolina. These rapidly growing urban areas offer exceptional dining, great shopping and endless entertainment, as well as a diverse job market.clover1

The housing market in Clover is balanced, with 5.2 months of inventory currently available, indicating neither a buyer’s nor seller’s market. There are also plenty of waterfront properties consistently available in and around Clover. Over the last five years, there has never been less than 23 active listings for waterfront property in any given month, and as many as 49 listings have been available at once.clover2clover3clover4

 

While the majority of waterfront listings in Clover in 2015, both closed and new, had sales prices of $500,000 or greater, there were still many listings at lower price points. However, the first half of 2016 has yet to see a listing for less than $400,000, possibly indicating an appreciation in the market value of homes here.

Take a look at all of the waterfront properties that are currently available in the Clover area, and find your dream home!

 

Fantastic waterfront property: 7215 Buckland Road in Charlotte!

buckland1

Rear of home takes full advantage of the water views with large deck spaces, terraced back yard and lots of windows!

buckland2

Front of home, which blends beautifully with its surroundings and wooded land

This waterfront home has everything you need for a fantastic Lake Wylie lifestyle and is convenient to the Steele Creek area of Charlotte and major thoroughfares to keep you connected to the outside world.

Tucked away in Brown’s Cove on the Catawba River, this beautiful 1990 cedar-sided home is priced at $635,000 and offers more than 240 feet of cove shoreline with deck, docks and boat lifts for making the most of a waterfront lifestyle.

 

docks

Fish or launch your boat or Jet Ski from your own back yard!

Inside, the home is chock full of beautiful woodwork, hardwood floors, wood paneled ceilings and exposed beams. Oversized windows bring nature inside and flood the main living areas with natural light.

 

livingroom

Big, beautiful windows and natural wood tones bring warmth to the large living area that overlooks the water.

This home has 3 bedrooms and 3 bathrooms and more than 3,300 square feet of living space, including a 3rd story loft area. The property also has a detached 2-car garage with plenty of storage space!

The master suite with its sunken hot tub is located off the main level living area, which is wide open with expansive hardwood floors and vaulted ceilings. A beautiful stacked stone fireplace creates a beautiful focal point and gathering area for friends and family.

The well-appointed, open kitchen includes a peninsula bar with seating and lots of prep space.

The lower level walk up has a wood-burning stove and plenty of space for a game room, rec room or just extra living space or home office.

This lovely home is situated on nearly an acre of land west of I-485 near the Dixie-Berryhill area of Charlotte. It is not in a subdivision so there is no HOA or deed restrictions.

From this home at 7215 Buckland Road, I-485 is less than 3 miles away at Steele Creek Road. There you will also find great shopping at Charlotte Premium Outlets.

The entire Charlotte area is close at hand:

  • Charlotte Douglas airport is approximately 9 miles away
  • Uptown is less than 12 miles away
  • SouthPark is 10.5 miles
  • Ballantyne is 14 miles via I-485
  • Carowinds is 11 miles

For nearby and everyday shopping, WhiteHall Commons Shopping Center, which has Publix, Lowe’s and WalMart, is less than 6 miles from home.

This spectacular home is a chance to own waterfront property at a great price and is definitely worth a look!

803-831-8588

Luxury waterfront in Belmont’s Reflection Pointe

The Belmont community of Reflection Pointe is an upscale, gated neighborhood on the tip of the peninsula formed by the Catawba and South Fork rivers.

Screen Shot 2016-04-07 at 7.52.56 PM

This beautiful waterfront property sold in 2015.

The waterfront community is just 10 minutes south of historic downtown Belmont via Southpoint Road and has 362 home sites for your perfect custom home. You can bring in your own builder or choose from the community’s list of approved builders. There are many homes already built but also many lots available.

Reflection Pointe’s location is fantastic with only a 30 minute commute into Center City and about 25 minutes to Charlotte Douglas airport. Both Wilkinson Boulevard and I-85 can bring you to I-485 loop.

Community amenities include a freeform, lagoon-style swimming pool, clubhouse, lighted tennis courts, paved walking trails, recreation field, playground and a marina with deeded boat slips and a sandy beach.

Some of the builders that have built custom homes in the neighborhood are McSpadden Custom Homes, Rouse Builders and Yeary Homes.

reflectionpointe

The view from one of the waterfront homes in Reflection Pointe.

Interior homes start in the $400,000s, and waterfront homes are $900,000 and up. Lots are priced from $150,000 to $450,000 for dockable waterfront and $50,000 to $100,000 for interior lots.

Three resale homes sold during the last 12 months in Reflection Pointe for an average sales price of $845,000 and $162 per square foot. Two of the homes sold were waterfront properties; one sold for $1.3 million and the other $870,000. The interior home sold for $365,000.

There are currently 8 homes listed for sale in Reflection Pointe.

Four of the properties are waterfront – 3 resale homes and 1 pre-construction home. The waterfront home list prices range from $839,000 to $1 million. Two are under contract as of April 7.

One beautiful water view resale home is listed for $850,000.

The remaining 3 homes for sale are interior resale homes and range in list price from $499,900 to $630,000.

For information regarding building lots, see the Reflection Pointe HOA web site.

Homes in the neighborhood are zoned for Gaston County’s Belmont Central Elementary, Belmont Middle School and South Point (N.C.) High School.

Spotlight: The Vineyards on Lake Wylie

vineyards

A beautiful manicured lawn surrounds the lighted entrance to The Vineyards.

The Vineyards on Lake Wylie is a single-home and condominium community that offers waterfront living while still being minutes from Charlotte Douglas airport, Uptown and historic downtown Belmont.

Located west of the airport on the peninsula adjacent to Belmont, The Vineyards is just south of Wilkinson Boulevard and west of I-485.

waterfront

Waterfront home sites with docks awaiting building!

Have no fear of airport noise! With flight paths traveling parallel to the neighborhood, there are no low-flying aircraft over The Vineyards to disturb your peace and quiet!

Including a great location on the water and near the city, the neighborhood offers waterfront homes and a 50-slip marina for boat storage.

Neighborhood amenities include a dog park, walking trails, boat slips and docks, playgrounds, pool with water slide and clubhouse with community room.

The D.R. Horton community, which started going up in 2009 with the condominium construction, is geared toward both families and empty-nesters with two distinct neighborhoods.. Though not age restricted, one section features ranch homes or master bedroom down plans for active adults. Lawn care is included in the HOA fees for those homes.

marina

A walking trail meanders past the resident boat slips.

The Napa Cottages, Kenwood Villas and Salinas Estates. The homes range in size from 1,356 square feet to 2,755 square feet and start in the $230,000s. Kenwood Villas are attached residences, with 4 homes per building and 2-car garages. There are 6 ranch plans for single-family, detached residences.

In its family-oriented neighborhood, The Vineyards has 8 2-story home plans ranging in size from 2,500 square feet to 3,205 square feet. Prices start in the $250,000s.

Calistoga is the neighborhood’s larger family floor plans that start at 2,560 square feet and $249,000. All the plans have 4 bedrooms and attached 2-car garages. Most plans include a large first-floor family room and 2nd floor bonus space. The Cambridge plan offers a third level and expands the home to 6 bedrooms and 2 bonus spaces.

Waterfront properties currently listed on The Vineyards’ site are priced from just under $451,000 to $536,000.

There is no sales data available on the single-family home portion of The Vineyards yet, however, the townhomes are selling at an average of 1.7 per month during the last 12 months for an average price of $277,245 and $124 per square foot.

There are currently 46 townhomes listed for sale in The Vineyards, both new construction and resale residences. Nineteen are under contract as of April 5.

There are many nearby destinations outside The Vineyards. Metro Charlotte is a 20-minute commute. Downtown Belmont and the U.S. National Whitewater Center are both about 15 minutes away. Toward the west are Kings Mountain and Crowders Mountain state parks.

If you love the idea of staying near the city and not making a move further south to the Tega Cay area then The Vineyards on Lake Wylie is a perfect compromise of seclusion and convenience for nearby shopping, dining and activities. With active adults in mind, there is surely a home to fit every family!

Neighborhood spotlight: Clover’s Tullamore

tullamoreentrance

Great Clover schools, lower taxes and nearby Lake Wylie are just a few of the reason to take a look at the Essex Homes community of Tullamore in Clover!

Tullamore is just south of Autumn Cove and Crowders Creek Elementary School off SC 49/274.

Just 5 miles from the state border, Tullamore is convenient to all the lake-area amenities as well as 25 minutes from I-485/I-77 interchange near Westinghouse Boulevard. Nearby recreational destinations include Daniel Stowe Botanical Garden, McDowell Nature Preserve and Crowders and Kings mountain state parks.

Shopping and dining is very close just north of Tullamore at the intersection of Highway 557. There is a Lowe’s, WalMart as well as restaurants, banks and a grocery store. Further east on 49 there are even more dining options before crossing the Buster Boyd Bridge toward McDowell Nature Preserve.

For boaters, there is access near the Buster Boyd Bridge and Lake Wylie Marina.

tullamorehome

An Essex Home in Tullamore

Neighborhood amenities include a picnic area and playgrounds.

Essex Homes is in the process of building out the 101 home sites in Tullamore, and only new construction is available.

The homes in Tullamore range from 2,100 square feet to 4,096 square feet and are priced starting in the $300,000s. Both ranch and 2-story homes are available in Tullamore on generously-sized lots. Essex is offering 10 home plans with a range of customizable options.

There are currently 11 homes listed for sale in Tullamore. Only 2 homes are under contract as of March 3.

A total of 7 homes have sold in the last 12 months in Tullamore. The average sales price for the homes that have sold in Tullamore is $308,409 and less than $96 per square foot.

The neighborhood is zoned for Crowders Creek Elementary School, Oak Ridge Middle School and Clover High School.

Essex Homes is also building homes in The Bluffs and Handsmill on Lake Wylie.