Lake Wylie Communities

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.

Featured Listing: 144 Autumn Falls #17

January 9, 2020 by lkw_df Leave a Comment

A rare opportunity to own an immaculate townhome in Autumn Cove is available now. This wonderful home has everything you need and is close to shopping, dining, highway access, commuting distance to Uptown Charlotte, and is close to Lake Wylie. The home is zoned for award winning Clover schools, yet has lower South Carolina taxes. This impressive home is a must see and won’t last long.

This home has a great open floor plan with the kitchen open to the breakfast room, and large great room. This is the perfect place to entertain as there is also a dining room and a half bath downstairs. Upstairs you will find the large master with spacious walk-in-closet and en suite bath complete with a garden tub and separate shower. There are two additional bedrooms and one more full bathroom upstairs.

Outside this home you will find a private fenced back yard with patio perfect for outdoor dining and relaxing by the fire pit. There is also a one car garage perfect for car storage or to set up as a workshop.

Autumn Cove is located right across the street from Crowders Creek Elementary School on the Lake Wylie Road peninsula. This means that you are close to the Buster Boyd Bridge right in the heart of Lake Wylie. Residents can enjoy the outdoor community pool, playground, and walking trails.

If you would like to schedule a private tour of this home or any other home in the Lake Wylie area, give us a call at 803-831-8588. You can view additional details on this home here and view all current listings and create custom searches on our website here.

Neighborhood Spotlight: Clover Meadows

December 16, 2019 by lkw_df Leave a Comment

If you are looking for a family friendly neighborhood in Clover, South Carolina, look no further than Clover Meadows. This great spot is one of the largest subdivisions in Clover meaning that there is a great community feel. There have been three builders, Craft Homes USA who built from 2003-2005, CP Morgan between 2005-2009, and True Homes is doing the final building phase that started in 2009 and is almost complete. These homes enjoy lower South Carolina taxes, which also feeding to spectacular Clover schools.

Clover Meadows is located just off Main Street a little bit to the North of the heart of Clover. Residents are close to Lake Wylie, but can also head straight North to Gastonia, or to highway access to connect to Uptown Charlotte, and Charlotte Douglas International Airport. There are many choices for shopping, dining, and entertainment close by.

Homes in Clover Meadows are affordable with the average price hitting just over $200,000 over the last year. There are many homes still in the mid-$100,000’s. Most of the homes are around 1,700 to 2,800 square feet but there are a few homes that are over 4,000 square feet of living space. Homes have a range between 3 and 5 bedrooms and 2 and 2.5 bathrooms. Homes have 1 to 3 car garages, and have low maintenance exteriors, some with stone and brick detailing. Interiors have open floor plans and plenty of storage.

If you are interested in joining the community in Clover Meadows, give us a call at 803-831-8588. We can arrange a private tour of homes, and can advise you further on the local real estate market. You can view all current listings and create custom searches on our website here.

Project Destiny Proposed

October 17, 2019 by lkw_df Leave a Comment

Just south of Lake Wylie, on the Rock Hill side of the Catawba River lies Project Destiny. This 1,900 acre tract of land was purchased by York County for $21 million in 2018, and the proposal was just presented to York County Council. The plan was presented by architects and it looks like it is really going to be something. The county envisions the project to be similar to the Anne Springs Close Greenway in Fort Mill, South Carolina. This means preservation of the area, as well as facilities for visitors.

The land is located off of Neely Store Road and currently has only one entrance. With just under 2,000 acres, there will likely be multiple entrances for visitors. With around six miles of water frontage, this park will be truly unique and could be a great regional draw for visitors.

The next step for York County is to acquire a conservation easement for the property. The easement would make sure that, in perpetuity, the land is not developed. After that, there will be plans for additional roads, parking lots, trailheads, emergency phone service, and restroom facilities. It is likely that the first phase would grant water access to visitors.

Future development of the site may include additional recreation options, venues, and events. It is common in projects of this sort to have 100-year vision plans so other options may be a part of that plan.

Despite this project being a little bit far from Lake Wylie, it is still part of the Catawba River, and is close enough that residents will enjoy visiting. We may be seeing the first phases of Riverbend Park in as few as 9 months, or it could be slightly longer. In any case, this is truly a worthy project and will be a gem on the waterfront.

If you are interested in owning a home in the Lake Wylie area, call us at 803-831-8588 to schedule a private tour of homes. You can view current listings and create custom searches on our website here.

Investment Opportunity in Hamiltons Bay

October 3, 2019 by lkw_df Leave a Comment

Are you interested in second, mostly passive income stream? Rental property could be the right choice for you. There are not many opportunities in the Lake Wylie area to get in on a starter income property, but Hamilton’s Bay Condominiums are a great place to start. There are also opportunities to own and live in one of these units. They are a great price, a great location, and are zoned for award winning schools and have lower South Carolina taxes.

Hamiltons Bay was built in 1990 and has 216 units in 3-story buildings with condos and townhome options. There are one, two, and three bedroom units with one to two bathrooms. Many of the units have been completely remodeled, and some have opportunities to update them. Some of the units are fully furnished corporate units available for short term leases.

Amenities for Hamiltons Bay include fitness center, playground, laundry center, outdoor swimming pool with kiddie pool, patio area with grills, picnic area, tennis court, and complimentary boat and RV parking. There is also on-site management with 24-hour emergency maintenance.

To find Hamiltons Bay, go across the Buster Boyd Bridge to the South Carolina side of Lake Wylie. In the heart of Lake Wylie, Hamiltons Bay is on the right hand side just off Highway 49. There are many options for shopping, dining, and entertainment within just a few minutes. Going a little bit further away, you’ll find additional choices as well as outlet malls. A trip to Uptown Charlotte for work or pleasure is only 20 miles. Charlotte Douglas International Airport is just under 20 miles, perfect for a weekend retreat or a business trip.

There are currently no homes on the market in Hamiltons Bay and they do sell quickly when they do hit the market. In the past year 10 homes sold for between $87,500 and $127,000. Most of them sold the first week they were on the market and sold for between 94% and 103% of list price.

If you are interested in a home in Hamiltons Bay, call us at 803-831-8588 and we will contact you as soon as one hits the market. You can view all current listings and create custom searches on our website here.

Neighborhood Spotlight: The Sanctuary

September 25, 2019 by lkw_df Leave a Comment

There are still chances to own a home in the amazingly tranquil custom neighborhood The Sanctuary. Located on the shores of Lake Wylie, but with a Charlotte address, The Sanctuary lives up to its name. There are resale homes and lots available in this exclusive tight-knit community.

Comprised of 1,350-acres of wooded land, The Sanctuary is unique as it has 22 miles of trails for residents to enjoy while cycling, hiking, or walking. There are many other amenities in the community including community Jr. Olympic pool, splash pad, tennis courts, and pickle ball courts. Inside the lodge, you’ll find a 24/7 fitness center, kids room, and gathering spaces available for rent for private events. Lake access is available to residents as well, with boating, kayaking, camping, and canoeing. Dock slips are available for lease for residents without direct water access.

The amenities aren’t the only great thing about The Sanctuary, the homes are pretty impressive as well. Homes sit on lots that are between 2 and 13+ acres providing plenty of privacy and room for outdoor living. There is also room on larger lots for additional structures such as boat storage, guest houses, studios, tree houses, home offices and more. Homes are estate sized with many over 5,000 square feet of living space. This means there is room for families of any size and private amenities like chef’s kitchens, bedroom suites, custom closets, home theaters, wine cellars, saunas, steam rooms, home gyms, and more.

There are 187 lots in the community, 90 of which currently have homes. There are 33 lots currently for sale through the MLS and they are all perfect for using one of the 15 approved custom builders.

The Sanctuary is located about 20 minutes from Uptown Charlotte and is close to highway access perfect for a commute or just a trip into town for a game, concert, or museum. There is convenient shopping close by in Steele Creek.

If you would like to schedule a private tour of available homes or land in The Sanctuary, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Visit RiverPointe

September 25, 2019 by lkw_df Leave a Comment

There are just as many amazing neighborhoods on the North Carolina side of Lake Wylie as on the South Carolina side. One of the best examples is RiverPointe. This heavily wooded neighborhood has two artfully landscaped entrances leading you to rolling hills with stately custom homes, and expansive views of Lake Wylie.

RiverPointe was built between 1989 and 2009 by a variety of custom builders. There are almost 200 homes most with full brick or stucco exteriors. Most streets end in cul-de-sacs so you see children playing, residents walking, biking, and skating regularly. In addition, there are great amenities enjoyed by all homeowners and their guests. You’ll spot them at the pool and clubhouse, tennis courts, playground, gazebo, or heading out on the lake from the Marina.

RiverPointe is located just to the east of the Buster Boyd Bridge on the North Carolina side of the lake. This can make a morning commute into Uptown Charlotte go quickly as highway access is convenient. It is also quick to get to Rock Hill, Gastonia, or Charlotte Douglas International Airport. Also close by are plenty or places for hiking, boating, camping and more. McDowell Nature Preserve, Kings Mountain, Nanny’s Mountain and Copperhead Island are all nearby.

Homes in RiverPointe were custom built, and many of them have been extensively updated since they were built. There is not much turnover of these homes, especially the waterfront homes, so when they do appear on the market, they don’t last long. Just some of the amazing features of these homes include soaring ceilings, extensive trim work, gourmet kitchens, custom closets, sunrooms, decks, and terracing. Waterfront homes can include deep water docks, boat houses, floating docks, and boat lifts to more fully enjoy the lake. Interior homes can take advantage of the neighborhood marina so they can equally enjoy lake living.

In the last year, interior homes have sold for upwards of $300,000. Lakefront homes typically sell for near to over $1 million. If you would like to schedule a private tour of listings in RiverPointe, call us at 803-831-8588. You can view current listings and create custom searches on our website here.

Commercial Marina Coming to McLean

September 20, 2019 by lkw_df Leave a Comment

If you needed another reason to take a look at a home in McLean, there is a new commercial marina coming to the neighborhood. This adds yet another luxury feature to this amazing neighborhood.

The marina is being built by McLean in a partnership with Morningstar Marinas. The facility is already under construction and will have 300 dry slips, 35 wet slips, a waterfront event lawn and a ship’s store. Morningstar plans to handle day-to-day operations as they do on their three marinas on Lake Norman.

This adds to the list of amenities in McLean that is frankly, impressive. There are 130 acres of green space throughout the community. Residents have clubhouses, playgrounds, pools, mountain biking trails, pavilions, and 5 miles of shoreline on Lake Wylie.

When McLean is completed, there will be a total of around 800 homes in three distinct neighborhood sections in the 670-acre community. The land was the homestead of Daniel Stowe in Belmont.

All of these homes are located around 30 minutes from Uptown Charlotte. They are luxury homes on estate sized lots. Prices start in the $300,000’s but can go well over $1 million for custom waterfront properties. This is one of the last of the large scale neighborhoods to be developed in Lake Wylie as there are not many large tracts of undeveloped land left. If you want to get in on one of these amazing homes, now is the time to begin.

To read more about McLean, click here. If you would like to schedule a private tour of homes in McLean or any other Lake Wylie neighborhood, give us a call at 803-831-8588. You can view current listings and create custom searches on our website here.