Return on Investment High Near Lake Wylie

This week the Charlotte Business Journal published their rankings for the zip codes that had the best return on investment over a 10 year period. They used data compiled by Zillow Group ranging from the middle of the recession 10 years ago until this August. The methodology took the median home price from ten years ago assuming a 10% down payment. They compared to the same figures for this year to determine the change.

Sometimes it’s hard to think of your home as an investment, but you never want to think that it’s not a good one. Luckily homes around Lake Wylie fared well in the reporting. They only looked at North Carolina, so we don’t have the figures yet for the South Carolina side of the lake. Here are the zip codes nearest the lake that ranked in the report:

28012 – Belmont in Gaston County came in at number 19, with a median home value of $211,700. The area encompasses the city of Belmont all the way south to Daniel Stowe Botanical Gardens, and the North part of Lake Wylie. This is an increase of 50% or $70,500. This puts the 10 year return-on-investment of 399%.

28214 – This zip code is in west Charlotte, north of the airport and includes the US National Whitewater Center. It came in at number 11. The median home value was $184,300, an increase of 56% or $66,500. This puts the 10 year return-on-investment at 465%.

28273 – This is another west Charlotte zip code that came in at #18. This area is Steele Creek on the eastside of Lake Wylie. The median home value of homes here was $216,300. There was an increase of 51% or $72,600. This translates to a 10 year return-on-investment of 405%.

If you would like to have us help you figure out the return-on-investment for your home, call us at 803-831-8588. We can help with the entire process of buying or selling a home. Be sure to check out our website here for all current listings.

To see the full Business Journal Article click here.

YMCA Possibly Coming to Steele Creek

Paperwork has been filed for a new YMCA in Steele Creek. This location is the perfect place for families in Lake Wylie to hit on their way home from an Uptown commute. It will be easy to get kids there for weekend sports games, or swimming lessons. The YMCA is definitely a place to bring the community together.

The new YMCA proposal would be located on Sledge Road and Steele Creek Road. The current proposal would have up to 15,000 square feet of indoor recreation as well as plenty of space for outdoor recreation as well. This would most likely include many types of sports fields and pools.

Homebuilder Pulte Group filed a petition for rezoning of the land for the intended use in August. The entire parcel has 272 acres and would have up to 697 single family homes with 120 age-restricted units for 55+ residents.

Of course, all of this development depends on the approval from city council, but the area is booming with growth. This would be the first YMCA for the Charlotte area since the construction of Sara’s YMCA three years ago. Steele Creek is great because it is close to the lake as well as close to the city. It is a nice in-between point that is fully coming into its own as a destination.

This YMCA would join the other 25 locations in the Greater Charlotte Area. The new location would have the expected features of other locations including childcare, classes, independent workouts, camps, bootcamps, swimming, education, accessibility, day camps and more.

If you are looking to buy or sell a home in the Lake Wylie area, call us at 803-831-8588. To view current listings and create custom searches, visit our website here.

New Shopping Options Coming in Steele Creek

One of the pitfalls of living in the Lake Wylie area is that there are not as many options for shopping and dining out there. If you live closer in to town, you have many more options, but you don’t have the lake lifestyle. These trade offs are about to be less of a problem for lake residents as they are about to get more shops and restaurants nearby.

The new shopping center will be located on Steele Creek Road near the intersection with Interstate 485. There are existing shops already across from this spot, including a Walgreens, Starbucks, and Harris Teeter. Less than a mile away are the Charlotte Premium Outlets. This new development is expected to have a wide range of tenants from a steak restaurant, to bank, to cell phone provider to healthcare services.

Konover South, an over 60 year old firm based out of Florida, bought the property for $4.8 million and closed the deal last week. This is their first property in North Carolina, though they have many properties in Florida and Ohio. They are now in the planning stage where they will come up with the design and work through the permitting process. The construction phase of the development should begin in early 2020 with completion sometime in 2021. They are planning on around 32,000 square feet of space so there could be more tenants depending upon the plan.

Lake residents will be pleased with additional retailers to support them. There are so many new developments in the Lake Wylie area that we need more options.

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.

Proposals for Extension of Light Rail

County leaders for York County recently met to consider proposals for extension of the Lynx light rail system in Charlotte. They heard four small area plan proposals with one potentially serving the Lake Wylie area. This could be great for bringing in commuters and reducing traffic. It could also bring a lot of day-trippers for weekend fun on the lake.

The light rail plan proposals are a way to look at the area in a different way. This means that leaders have to look at how the light rail may affect properties in the proposed path, look at supporting infrastructure, and look at opportunities for how development patterns may change. There is also a potential that the light rail could head to Rock Hill as well which could be a place to park and ride until a Lake Wylie corridor comes to fruition. The Rock Hill connection is especially likely as the Charlotte Panthers just announced that they are building a training facility there.

There are many more steps to take after the proposals are laid out. There are traffic studies, land acquisition, and much more. There will be interstate cooperation by North and South Carolina. There will be funding hurdles and bureaucratic hurdles to be cleared, but it is an exciting prospect for many people.

If you are interested in buying or selling a home in the Lake Wylie area, give us a call at 803-831-8588. To create custom searches and view all current listings, click here.

To read more about these proposals, visit the Herald Online here.

Papa Doc’s To Open Soon

As soon as the liquor license is in hand, Papa Doc’s Shore Club is set to open to the public in the former space of T-Bones near the Buster Boyd Bridge in Lake Wylie. This past Thursday they began a charity event raising money for Lake Wylie Children’s Charity featuring a taste test of the cuisine. The sold-out charity event runs through Sunday.

Residents and visitors alike are excited for the opening after T-Bones on the Lake closed in December ending a 24 year run. This location is fantastic as you can arrive by foot, bike, car or boat to enjoy food, drinks and fellowship. Papa Doc’s is also close to Uptown Charlotte, around a half-hour, so is a perfect quick escape.

The new space has a tiki theme that you can enjoy as individuals, families, groups, or reserve for larger events. There is an oyster bar as well as lake themed decor and a large events space. With a total of 4 bars, the restaurant can seat 650 people. There is a huge outdoor deck, 38 boat slips, and many indoor seating and bar areas. The menu is large and varied so there is sure to be something to please every palate. Expect a wait at first as this is sure to be a popular spot.

If you are looking to buy 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.

To read more about Papa Doc’s Shore Club, read the full article in The Herald.

LAKE WYLIE PROPOSED LAND USE PLAN AMENMENTS

JOIN IN THE DISCUSSION: Call for Action on proposed changes to Land Planning and Land Development Ordinances, Please read and attend the Council Meetings. Follow the link for more information. WE MUST MAKE CHAGES BEFORE IT PASSES TO LOWER DENSITIES AND TRAFFIC IMPACT

Proposed Draft Ordinance Amendment’s

Planning & Development Services has been working to improve our ordinances and appreciate your assistance as we work through these important items. We will be continuing to identify deficiencies within our ordinances and listening to feedback from elected and appointed officials, members of the development community, residents, and other stakeholders to continue to improve our ordinances to better address the needs of the County.

The following is a tentative adoption schedule:

  • August 10, 2015:           Planning Commission Recommendation
  • August 17, 2015:           Council First Reading
  • September 8, 2015:       Council Second Reading with Public Hearing
  • September 21, 2015:     Council Third Reading

Broker in Charge David McCorkle and former Planning Commission Member has been working on an advisory Committee along with other Residence and Stakeholder to advise Council on proposed changes to the Ordinances to reduce Traffic and Development impact in the greater Lake Wylie area. We will be proposing changes and our own overlay to the Ordinance before it’s passed like lot sizes and erosion control

 

LAKE WYLIE REALTY CO-HOSTS THIS YEARS LAKE WYLIE MUSIC FEST 9/5/2015

This years Music Fest takes on a different twist this year and is being held at The Lake Wylie Red Fez Club on the NC side of the Lake near the bridge. Patrons will be able to anchor up or come by land to see 8++Bands playing from 1:00 PM till dark and there will be a Craft Beer Extravaganza sponsored by Lake Wylie’s Sweetwater Bar and Grill. LOG ON

Music Fest

Lake Wylie Waterfront Fireworks Display 2015

YMCA Camp Thunderbird will be having their annual fireworks display Friday the 4th starting around 9:30 PM everyone is encouraged to donate to the cause. Please send checks to YMCA Camp Thunderbird . One Thunderbird Lane Lake Wylie SC 29710 Viewing is available at the Lake Wylie Realty Office parking lot for more info please call David McCorkle at 704-309-1549

Lake Wylie Realty’s BIC David McCorkle talks improvements in the Charlotte Obser

The June 7th Home Design section in the Charlotte Observer featured an article by Broker in Charge of Lake Wylie Realty David McCorkle on Home improvements as they relate to decks, porches, patios and outdoor living spaces read the article click on the link  Home Design

Riverpointe Home featured in Home Design Magazine

The May 30th edition of the Charlotte Observer Magazine Home Design features our Riverpointe listing

follow the link  http://issuu.com/homedesignclt