Lake Wylie Communities

Important Information for Buying Lake Property

January 13, 2021 by lkw_df Leave a Comment

The Charlotte Business Journal recently published an article entitled “What to consider when buying lakefront property in the Charlotte area”. This is a great reminder of all that goes into a lake purchase that may not apply to properties not on the waterfront. This is especially important when there is not much inventory so homes are selling quickly. This means that you have less time to make important decisions so you want to make sure you have considered every angle.

Price is first and probably most important. Main channel properties which typically have the best views, command a premium on price, even over other lakefront properties. Cove properties typically have less boat traffic so that can be a consideration for buyers as well.
Riparian Buffer – this is a 50-foot buffer from the water that has to remain in a vegetated state. This is mostly to counteract erosion and protect animal habitats. Property owners cannot remove trees on the first 30 feet and there are minimal changes that are allowed by law.
Docks and Boathouses – there are many properties that already have a dock or boathouse, but this does not mean that you can build one on your new property. There is a permitting process through Duke Energy and only homeowners are allowed to apply for a permit. This means that if a dock is a must have for you, you can ask a current homeowner to apply for a permit as a condition of a sale. Boathouses are typically grandfathered in and have regulations of upgrading, typically limited to fixing but not over-improving.
Insurance can be a factor as well. You need to make sure your policy covers your property as well as watercraft and retaining walls if they are present. This is an additional consideration that you typically don’t have if you don’t have a waterfront property.

There can be many additional steps in the process of lakefront homes and having the best representation on your side is essential. If you are interested in purchasing a lakefront property, let one of our experts help you navigate the process. Call us at 803-831-8588. You can view current listings and create custom searches on our website here.

To read more, check out the full article in the Charlotte Business Journal here.

Neighborhood Spotlight: Woodland Bay Waterfront Community

January 6, 2021 by lkw_df Leave a Comment

Located on the South Point Peninsula of Lake Wylie, Woodland Bay is an exclusive gated waterfront community perfect for your next home. Woodland Bay is located zoned for highly coveted schools, and is on one of the most tranquil and unspoiled parts of Lake Wylie.

Woodland Bay is located off NC highway 273, just across the road from Daniel Stowe Botanical Gardens. The neighborhood keeps the character and natural beauty of the botanical gardens. It is heavily wooded with rolling terrain and plenty of privacy.

The original developer of Woodland Bay was Crescent Resources, a premium designer of upscale, restricted neighborhoods. There are now many custom builders in the neighborhood ready to help you build your dream house.

Homes have already been built but there are lots available so you can customize a home to suit your particular needs. There are waterfront properties as well as more secluded interior properties and all lots have mature trees and are large enough to have outdoor living spaces and still have privacy from the neighbors.

Homes in Woodland bay have all the bells and whistles. Many homes have home gyms, firepits, gourmet kitchens, fully finished basements, home offices and much more. In the last year just two homes and two lots changed owners. Waterfront lots command a premium but with main channel views for many properties, they are worth it. Lots typically range from ¾ of an acre to almost 2 acres. Homes are typically between 3,000 and 5,000+ square feet of living space. The average home sells for between $800,000 and $2.3 million depending on size and location.

There are currently 4 homes and 4 lots for sale in Woodland Bay with one lot under contract. If you are interested in learning more about one of these great properties in Woodland Bay or any other home in the Lake Wylie area, give us a call at 803-831-8588. You can view current listings and create a custom search on our website here.

Neighborhood Spotlight: Tullamore

December 28, 2020 by lkw_df Leave a Comment

Picturesque Tullamore is a great neighborhood to consider for your next family home. Tullamore is located minutes from the state line with easy access to Lake Wylie and downtown Clover. It is a quick trip into Uptown Charlotte via nearby access to I-85. A trip to Charlotte Douglas International Airport is also convenient.

Residents of Tullamore enjoy lower South Carolina taxes, but are zoned to desirable Clover schools. The neighborhood boasts a playground and picnic area. McDowell Nature Preserve is just minutes away, as is Daniel Stowe Botanical Garden.

Tullamore is comprised of stately brick homes with open floor plans and great features. Most homes have a range of 4-6 bedrooms and 2.5-4 baths and most have over 3,000 square feet of living space. Homes have great storage, and chef’s kitchens. Many have amazing outdoor living spaces and some have full basements for extra living space for home offices, home gyms, school rooms, play rooms and more.

There is currently one home on the market in Tullamore which represents 0.9 months of inventory. This means that Tullamore like most of the Lake Wylie area is currently a seller’s market especially compared to the clover district and York county as a whole. Both of them are slightly more balanced, but are at 2.6 and 2.4 months of inventory which is well below the 4-6 months of inventory that generally represents a balanced market.

In the last year, homes sold between $287,500 and $490,000 with the average sales price coming in at $377,661.

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

Two New Neighborhoods Could Come to York County

December 13, 2020 by lkw_df Leave a Comment

Two new projects are going before York County planning commission next week. One is for the fourth phase at Sanders Landing, and the other is for a new development called Savana Oaks. Both of them will be great additions to the Clover area.

The fourth phase of Sanders Landing will add 33 additional homes to the neighborhood. These homes will have large lots ranging between one and 3.85 acres. The development began in 2019 and is a project by May Green Properties, a company local to York County.

Many of the homes currently under construction look like modern farmhouses in the style popularized by Chip and Joanna Gaines. There are still a few lots available in the current sections, and a few of the homes currently under construction are available as well if you can’t wait for the new section to be approved and opened.

The new development of Savana Oaks is located on Tart Road on the west side of Clover. The developer is Colttis LLC, based in South Carolina. They want to build 20 homes on a 30-acre site with an average lot size of 1.3 acres. This would leave space for grand homes and plenty of privacy and space for outdoor living. Nothing is known yet about the style of the homes or any potential amenities.

The York County Council will meet on Monday to review both projects and get questions answered before potential approvals. If you are interested in learning more about these communities, give us a call at 803-831-8588. You can view current listings and create a custom search on our website here.

A Look Ahead

December 5, 2020 by lkw_df Leave a Comment

The real estate market has been booming lately in the Charlotte region. Supply is low and demand is high. Interest rates are low spurring many people to enter the market. The pandemic shifted the market moving the spring surge into the summer and early fall instead. So what comes next?

With interest rates so low, first time homebuyers are driving much of the demand in the market right now. In a typical year first time homebuyers represent around 30% of the market. Right now, they represent 38% of the market. If interest rates remain low, they could keep driving growth, but if they rise, we may see many buyers drop out of the market for now.

Supply remains low, but we are already seeing the first indications of a slow down in the market. Condos are staying on the market a few days longer on average which is typically the first indicator of a slow down. We may next see this trend in townhomes, then eventually to single-family homes.

Many people have stayed in their homes during the first months of Covid and may list their homes next spring. If this happens, we could see a larger than usual spring season with fewer buyers for more homes. This could balance the market somewhat as we have had historically low inventory.

The thing to remember is that people always need homes, and the population in the Charlotte region is still growing so our market is likely to stay healthy for years to come. 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 a custom search on our website here.

Neighborhood Spotlight: Reflection Pointe Waterfront Community

December 5, 2020 by lkw_df Leave a Comment

If you are like many people spending too much time in your home right now, you probably have a list of grievances against your home. Maybe there is no home office, maybe there is a small yard, maybe you just need more space. If this sounds familiar, there are opportunities to build a custom home to suit your particular needs in Reflection Pointe.

Reflection Pointe is a gated community located right on Lake Wylie, ten minutes from historic Belmont and 35 minutes from Uptown Charlotte. There are amazing community amenities including a lagoon swimming pool, clubhouse, soccer field, lighted tennis courts, children’s play area, and beach area on the Lake. There are walking trails throughout the neighborhood as well a deeded boat slips at the marina. The active homeowners association hosts community events throughout the year.

There are over 360 homesites in Reflection Pointe, and each lot is at least a half of an acre. This means there is space to build a large home to have all of the space your family needs. Homes are typically over 3,000 square feet but many are over 5,000 square feet. As you would expect, lots with lake frontage command a premium as do homes on the lake. Interior lots do have deeded boat slips at the marina so even interior homes have full access to the lake.

In the last year, homes in Reflection Pointe sold for between $487,000 and $1.275 million. There are currently three homes on the market which represents 3.6 months of inventory. There are also currently 64 lots available ranging from $33,900 for an interior basement lot to $349,500 for a premium lake frontage lot. You can bring your own builder for these lots, or use one of the approved builders selected by the community.

If you are ready to start your journey to your dream home in Reflection Pointe, give us a call at 803-831-8588. You can view current listings and create a custom search on our website here.

Neighborhood Spotlight: Sanders Landing

November 16, 2020 by lkw_df Leave a Comment

If you are looking for a modern farmhouse in coveted Clover schools, be sure to check out Sanders Landing. This great neighborhood is full of new construction homes on large lots, with all of the modern farmhouse touches including shiplap.

Sanders Landing is located off of Lawrence Road just south of Clover, South Carolina. Just a few minutes away you’ll find Lake Wylie with many watersports and recreation areas you can enjoy.

The neighborhood started building in 2019 and phase three of homes is now open. Homes start around 2,000 square feet and can be much larger. They have 3-4 bedrooms, bonus rooms, and can have up to 3.5 bathrooms. Kitchens are lavish and floorplans are open

Homes have 2 or 3 car garages and sit on lots averaging 1-2 acres, but some lots can be as large as 8 acres. Many of the homes have screened in porches, and space for sports courts, pools, playscapes, and gardens.

In the last year, 14 homes sold in Sanders Landing ranging in price from $330,000 to $430,000. There are currently 5 homes and 4 lots available in the neighborhood with 3 lots and 1 home already under contract.

To schedule a private tour of homes in Sanders Landing or if you would like to learn about any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view all current listings and create your own custom home search on our website at lkwrealty.com

Neighborhood Spotlight: Patrick Place

November 6, 2020 by lkw_df Leave a Comment

Just minutes from Lake Wylie, in desirable Clover, South Carolina, you’ll find a gem of a neighborhood called Patrick Place. This beautiful community is comprised of stately, brick, single-family homes in a secluded feeling wooded setting. The neighborhood amenities take advantage of nature with wooded trails, picnic pavilions, ball fields, and a basketball court. There is also a historic building called “The Cabin” available for private resident use.

Homes in Patrick Place are all custom built so have touches built to suit for each resident. Many homes have chef’s kitchens, media rooms, bonus spaces, home offices and more. Lots are large, between ½ and 1 full acre so there is plenty of room for outdoor sports, pools, lawn games, and socially distanced gatherings.

There is currently one lot offered for sale in Patrick Place. This is a perfect opportunity to build your dream home from the ground up. This lot is sloped so it is perfect for a crawl space or basement style home. You can bring your own builder and really create something special here.

In the last year, just six homes sold in Patrick Place for an average sale price of just over $430,000. Patrick Place is currently a seller’s market, especially compared with the 3 month supply of homes in Clover and the 2.9 month supply in York County.

If you are interested in buying or selling a home in Patrick Place or would like to learn about any other neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can view all current listings and create your own custom home search on our website at lkwrealty.com