lake wylie information

Sunset Point: Affordable lakeside living

February 4, 2016 by lkw_df Leave a Comment

Sunset Point on the shores of Lake Wylie is a beautiful community tucked away on the southeastern corner of the lake near Westminster Park.

Built in 2002, the neighborhood includes single-family detached homes and townhomes. It is one of the more affordable communities on the lake with waterfront homes.

Sunset Point is 20 miles south of Charlotte with convenient access to I-77. It is minutes from Fort Mill and Tega Cay.

Founded in 2002, Sunset Point has many amenities, such as a pool and cabana, grills and picnic area, private beach area with a picnic pavilion and a lakeside boardwalk.

The neighborhood also has a 64-space community boat storage area. Most waterfront homes in the community also have either private backyard docks or private community slips. Public access boat ramps for residents who do not have a boat slip or dock is available at nearby Ebenezer Park.

Interior homes usually range in the $200,000 to $300,000 range, while waterfront homes in Sunset Point can approach high $400,000s.

Currently, there are 2 homes listed in Sunset Point, both waterfront and listed at $450,000. Both homes are around 2,500 square feet.

The average sales price for a home in Sunset Point over the last 12 months was $234,050. There were no waterfront homes sold in the last year. The price per square foot for the homes sold averaged approximately $90.

The highest and lowest price of homes sold in the last year was $277,000 and $189,500, respectively.

Life on the lake attracts all kinds of buyers and Sunset Point is no different. The community is a diverse mix of young, single professionals, couples, families, retirees and empty-nesters.

If you thought waterfront or even water view living would bust your budget, think again. Keep an eye on homes available in Sunset Point!

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.

Living the good life in Lake Shore

December 31, 2015 by lkw_df Leave a Comment

The gorgeous, mature neighborhood of Lake Shore is a golfing and water lover’s dream come true!

Lake Shore residents can enjoy access to a 27-hole golf course, fitness center, pool, tennis courts and recreation area.

The homes in Lake Shore were primarily built in the early 2000s. They range in size from around 2,000 square feet to more than 5,000 square feet.

In the last year, an average of 2.2 homes have sold each month in Lake Shore. That number is trending downward to less than 1 home sold per month in the last 3 months.

Currently, there are 9 Lake Shore homes on the market, which is approximately 4.2 months of inventory. Three of those home are under contract, as of Dec. 31. Lake Shore has less inventory than nearby Serenity Point, which has 10.2 months inventory. Tega Cay as a whole has more than 6 months inventory.

The average sales price for the last 12 months is just over $400,000. The price per square foot during the last 12 months is $120.36.

During the last year, 20 homes sold in Lake Shore. The average discount off list price is 1.6%. Several homes sold for more than list price, which is a great sign for sellers when the market picks up in spring 2016!

Catawba Park revision presented, vote soon

December 29, 2015 by lkw_df Leave a Comment

A Rock Hill-based engineering company presented Tega Cay City Council with its latest plans for a proposed recreational park facility that potentially will span 62 acres below New Gray Rock Road, across the river from Westminster Park.

Campco Engineering presented its revised plan Dec 21. A vote is expected in January, according to a Rock Hill Herald report.

Tega Cay owns 10 acres. The city is in talks with Duke Energy and Clear Springs Baxter for an additional 52 acres.

The site along the river would add sports fields, picnic shelters, a canoe/kayak launch, playgrounds and restrooms, among other amenities. The site already has a boat ramp and fishing areas, according to the report.

The final design planning could take six months. Design approval for the city’s 10 acres means work could start on that parcel of land sooner while agreements with the other land owners are negotiated.

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.

3RD QUARTER MARKET REPORT

October 21, 2015 by David McCorkle Leave a Comment

CLICK TO VIEW 3RD QUARTER MARKET REPORT MAILER

Waterfront market report 10-15 mailer

THE WATERS UP SO ARE AREA SALES IN SEPTEMBER BY 6%

OTHER GOOD NEWS IS THAT INVENTORY IS DECREASING FROM 166 HOMES LAST SEPTEMBER TO 127 THIS YEAR.
AVERAGE DAYS ON THE MARKET FOR ALL HOMES FOR SALE IS AT 219.
AVERAGE DAYS ON THE MARKET FOR ALL SOLD HOME IS CURRENTLY AT 126.
LAST YEARS CLOSED SALE PRICE WAS ABOUT THE SAME AS THIS YEARS AT AROUND $550,000.
THIS YEARS AVERAGE ASKING PRICE COMES IN AT ABOUT $ 800,000.00 CLOSE TO THE SAME AS LAST YEAR WHICH MEANS THE LOWER PRICES ARE SELLING MUCH BETTER.
ONLY 5 HOMES HAVE SOLD THIS YEAR OVER ONE MILLION DOLLARS

NOW THAT THE WATER BACK UP WE CAN ALL ENJOY SOME BOATING ACTIVITY WHICH DEPENDING ON YOUR DOCK LOCATION HAS BEEN QUITE LIMITED.

YORK COUNTY IS WORKING ON A NEW WATERSHED ORDINANCE TO HELP PROTECT THE LAKE AND CHANGES TO THE LAND USE PLAN SO STAY TUNED TO OUR WEBSITE FOR MORE DETAILS ABOUT UPCOMONG EVENTS AND HEARINGS IF YOU LIVE ON THE SC SIDE OF THE LAKE.

LAKE WYLIE REALTY BROKER DAVID MCCORKLE, FORMER PLANNING COMMISSIONER IS ON ONE OF THE COMMITEES TO HELP PROTECT OUR PRECIOUS LAKE.

VISIT THE MOST COMPREHENSIVE LAKE WYLIE WEBSITE ON THE NET VISIT: LKWREALTY.COM

GIVE US A CALL AT 803-831-8588 OR STOP BY OUR OFFICE LOCATED AT THE RIVER HILLS

REDLIGHT AND HIGHWAY 49. OR CALL US ON OUT CELL PHONES

DAVID MCCORKLE 704-309-1549, QUINN JOHNSON 704-906-6636, DON STEPHENS 704-562-3646

Lake Wylie Music Fest

September 22, 2015 by David McCorkle Leave a Comment

Everyone had a great time at the Music Fest this year the weather was gorgeous, we had a big crowd, it could not have been any better. Be sure to contact us for all you Lake Wylie Real Estate needs as we are the only true Waterfront Realtors. Our Office is conveniently located at the River Hills red light.