Neighborhood Spotlight: Patrick Place

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

Neighborhood Spotlight: Paddler’s Cove

To take advantage of all of the activities at Lake Wylie and great neighborhood amenities, Paddler’s Cove is the place to be. Paddler’s Cove is directly on the lake, is zoned to coveted Clover schools, and enjoys lower South Carolina taxes. With a great location near the Buster Boyd Bridge, a commute into Uptown Charlotte is a breeze as well.

Homes in Paddler’s Cove are new construction with the oldest homes built in 2017 and new construction homes still available. There are one and two story plans as well as townhomes so there is truly a home for every kind of family. Homes have open floor plans, chef’s kitchens, and airy and open owner’s suites.

In the last year, 81 homes sold in Paddler’s Cove with townhomes typically selling in the $200,000’s and single-family homes selling between around $300,000 to around $625,000 with the average sale price around $440,000. There are currently four townhomes for sale that are all under contract, and 11 single-family homes for sale that are also already under contract. All of the current listings are new construction. When an existing home comes on the market, it typically goes under contract very quickly so you have to act fast to get in on this desirable spot.

If you are interested in buying or selling a home in Paddler’s Cove 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

 

Custom Build in The Retreat at Sunset Ridge

If you are one of the many people who desire the laid-back lake lifestyle, The Retreat at Sunset Ridge might be the place for you. This desirable neighborhood is tucked away and private, but is still convenient to Lake Wylie, Clover, and Uptown Charlotte. The neighborhood features new construction custom estate homes. There are existing homes that occasionally come on the market, or you can build your dream home from the ground up.

Homes in the neighborhood are typically between 2,600 to over 4,400 square feet. They can have anywhere from three to six bedrooms, owner’s suites, guest suites, gourmet kitchens, media rooms, and many more custom features. Homes typically sell in the $500,000’s and land typically sells for $50,000-$85,000 depending on size, topography, and proximity to the lake.

In the last year, only four homes sold in The Retreat at Sunset Ridge. This means that there is not much turnover in the neighborhood which is great if you already own a home there, but can make things tricky if you are trying to get into the neighborhood. That’s where we can help because we know the moment a home is listed on the market, and in some instances, we know before a home is listed and we can help you to be the first to get a sneak peek.

There are currently two homes on the market in The Retreat at Sunset Ridge and both of them are already under contract. There are also 5 lots currently for sale which are perfect for getting a start on your dream home. If you would like to schedule a private tour of homesites, give us a call at 803-831-8588. We can help you get in contact with approved builders for the neighborhood to start you on your way.

You do not want to miss a home in The Retreat at Sunset Ridge, and for more homes available and other great neighborhoods in and around Lake Wylie, be sure to visit LKWRealty.com.

Explore Emerald Point

If you are looking for a waterfront condo on Lake Wylie with little to no maintenance, look no further than Emerald Point. This amazing spot sits on one of the best views on the lake. These stunning views come in one of the lake’s largest condominium communities. The area has beautiful landscaping, community boat docks, swimming pool, club house, pier, and tennis courts.

Emerald Point is in the perfect location, just five minutes from I-485. This means that you can quickly get to Uptown Charlotte, Charlotte Douglas International Airport or any other part of the city with ease. There are many nearby just off Shopton Road. You will find grocery stores, restaurants, and plenty of shopping at and around Charlotte Premium Outlets.

Homes in Emerald Point are typically 2-3 bedrooms with 2-3 bathrooms. Many of the homes have been renovated to include high end features such as granite counters, hardwood flooring, custom closets and more. To take advantage of the views of the lake, homes have outdoor living spaces for gathering, eating, or just sitting and reading a book.

In the past year, 14 homes sold in Emerald Point and most of them sold in less than a month. They are very popular so you have to act fast when one comes on the market. There are currently three homes for sale, but they are all already under contract. Homes typically sell for between $185,000 to $359,000. Prices vary depending on if they have a waterfront view, deeded boat slip, and size and number of bedrooms and bathrooms.

If you are interested in a home in Emerald Point or another neighborhood in the Lake Wylie area, give us a call at 803-831-8588. You can create custom searches of current listings on our website here.

Featured Listing: 228 Ridge Reserve Drive

If you have been thinking about building your dream home in the Lake Wylie area, look no further than our new listing at 228 Ridge Reserve Drive. This amazing property is just about a third of an acre in highly desirable Heron Cove. We just wrote yesterday about this wonderful neighborhood, if you want to read the full article, click here.

228 Ridge Reserve Drive is a great lot on a cul-de-sac street with great woods ready for you to custom build the home of your dreams. The requirements of the lot call for at least a 2,200 square foot home that can be on a basement or crawl space. You can bring your own builder, or use one of the neighborhood builders.

The location of Heron Cove is great as it is just across the Buster Boyd Bridge in the heart of Lake Wylie. This means that you are in perfect position to take advantage of local shops, restaurants and community events. Being in South Carolina means lower taxes, but you still get to take advantage of excellent Clover schools. Uptown Charlotte is a quick commute, and quick highway access will make a short trip to Charlotte Douglas International Airport.

Heron Cove is an upscale community with amenities already built and ready for use. There is a pool and clubhouse in addition to waterfront park and dry boat storage. There are walking trails, a gazebo, and you are walking distance to swimming in the lake.

Don’t miss out on one of the last lots in the established community in Heron Cove. Call us at 803-831-8588 to schedule a private tour of the property and the entire neighborhood. To view this listing, click here. To view all current listings and create custom searches, visit our website here.

Featured Listing: 144 Autumn Falls #17

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.

Explore Golden Pond

Picture yourself living in a great neighborhood close to Lake Wylie with a private pond, and oversized lots with tons of privacy. Sound good, then you need to check out Golden Pond. This pocket neighborhood is located off of Hands Mill Highway on the South Carolina side of the lake.

From Golden Pond, you can get to Charlotte Highway 49 in just a few minutes so you can have a quick commute in to Uptown Charlotte and Rock Hill. This also connects you to the lake to enjoy watersports, as well as into the town of Lake Wylie for shopping, dining, and community gatherings.

The homes in Golden Pond are varied and range from ranch style to double wide homes. Homes were built in the late 1990’s and typically have 3-4 bedrooms, 2-4 bathrooms, and around 1,200 to 2,000 square feet. Many of the homes have multiple outbuildings for storage, parking, workshops, second living quarters and more. Some of the homes have great features to enjoy the wildlife such as decks, patios, and sunrooms. There are even a few with pools, either in-ground or above-ground. There is no homeowner’s association so you can be as active or inactive in the community as suits your needs.

Homes in Golden Pond sell quickly, in the last year only four homes sold in a range of 0 to 12 days on the market before they went under contract. These homes sold for between $123,000 and $164,000 so they are a great value due to the location and size of lots.

If you are interested in a home in Golden Pond, call us at 803-831-8588. We will let you know as soon as one comes on the market. You can view current listings and create custom searches on our website here.

 

October Market Report

The monthly report has been published with data from the Carolina Multiple Listing Services, Inc. The report is compiled by the Charlotte Regional Realtor Association which reports on the entire Charlotte metro area including parts of South Carolina. The report is clear, the trend in the Charlotte area is continuing once again. For yet another month, supply of homes has gone down while prices have risen. This is great news for sellers, as they can expect to receive top dollar for their homes, but it is continuing to be hard on buyers as they have to be ready for a home as soon as it hits the market and be ready to pay top dollar.

When you look at the numbers for Lake Wylie, supply is falling and prices are still on the rise as well. Additionally, there are not many new listings compared to last year at this time so it is unlikely that the supply of homes on the market will recover soon. In fact, the supply of homes is down to just a 2.8 month supply, down from a 4.1 month supply last year. This decline of 31.7% brings the Lake Wylie area more in line with the rest of the Charlotte area. A balanced market between buyers and sellers is typically considered to be about a 4 to 6 month supply of homes so sellers have a distinct advantage at the moment.

Prices have been rising as the supply of homes dips which is a basic rule of supply and demand. The median sales price rose from $346,000 last year to $365,000 this year. The average price for a home sale rose to $438,669 which is getting closer to the average price in Lake Norman which was $498,318, just shy of $60,000 lower.

Closed sales were up from 62 last year to 121 this year, an increase of 95.2%. Pending sales were also up from 98 last year to 133 this year, an increase of 35.7%. New listings were down from 126 last year to just 110 this year, down 12.7%.

If you would like to help bring the new listing number higher by selling your home, give us a call at 803-831-8588. If you are interested in buying a home, first check out our website to view current listings and create a custom search. If you are interested in a particular neighborhood, we can let you know as soon as new listings are placed for sale.

September Market Report

Lake Homes Realty, an Alabama-based firm has ranked Lake Wylie the fifth-largest lake market from the 100-plus Multiple Listing Services they reported on. According to their report, the value of homes listed for sale, based on data for three months ending August 14th, was over $455 million. There were 1,082 homes available, which ranked Lake Wylie number 3. Their report only looked at homes and land that were adjacent to a lake, included a water view, lake access, or were in a lake-focused neighborhood. This could mean that neighborhoods that were not on the lake, but were considered by consumers to be lake listings were included as well.

When you look at the numbers from the most recent report from the Charlotte Regional Realtor Association’s Multiple Listing Service report, you find that the Lake Wylie region is humming along quite nicely. Almost category was up from the year before. Supply of homes was down to just a 3.2 month supply of homes, getting closer to the 2.2 month supply for the entire Charlotte region. This is not surprising given the general trend of lack of supply that has been plaguing the area for some time. New listings have not been able to keep pace, and this in turn has pushed prices even higher.

Lake Wylie is still more affordable than Lake Norman where the average price for a home is $472,444, but the average price for a home sale in Lake Wylie has risen to $423,236. Rising prices may be pushing some buyers to lakes further away from Charlotte when looking for their dream home or second home. However, there are still affordable options in Lake Wylie.

Pending sales were up 96.9% year over year and new listings were up 44.9% showing that for the next few months at least the market will continue to be strong. Closed sales were up 14% year over year and are up 12.8% year-to-date.

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

Investment Opportunity in Hamiltons Bay

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.