Lake Norman Ranked Biggest Lake-Front Housing Market
A recent article by Charlotte Stories has Lake Norman ranked as the biggest Lake Front Housing Market in the South East. Read the full story below.
The Lake Norman real estate market is now valued at over $840 million, making it the #1 biggest lake-front market in the South East.
The Fall 2016 Lake Market Report was conducted by the Alabama-based Lake Homes Realty Company. They collected data from 46 MLSs spanning 9 South Eastern states stretching from Texas to Virginia.
Out of all the lakes in the nine states, Lake Norman was found to have the biggest overall market, with Austin Texas’ Lake Travis coming in second at $787 million, and Atlanta’s Lake Lanier coming in third at $567 million.
One of the biggest reason the Lake Norman real estate market is so large is that it attracts a substantially high number of out-of-state and international buyers looking for a vacation homes, due to it’s temperate climate, distance to an international airport, and distance to the mountains and beaches.
The Lake Homes Report also indicated that a whopping 42% of all of North Carolina’s lakefront real estate is found on Lake Norman. Metro Charlotte’s other lake, Lake Wylie,, by comparison, only comprised about 6.7% of North Carolina’s lakefront real estate.
Private 3.71 acre Waterfront Estate with 720 ft of Lake Norman shoreline in The Point Lake and Golf Community. Exquisite craftsmanship including hand carved accents, marble and wood floors and over 20,000 sq. ft of living area. Features include - 2 story Foyer & Living Room, wood lined Study w/FP, built-in walnut book shelves & private 1/2 bath, 2 story Library w/stone FP & tall bookcases, 4 guest suites, formal DR with custom table and Tuscany Art, light filled kitchen with huge center island, Family room w/FP. Sunroom, "Her" office & huge laundry room. The Elevator gives you easy access to a private Owners Suite with Sitting Rm. The Lake Level is an entertainment dream. Full Kitchen, TV area w/ FP, Pool Table, Theater, Game Rm, Golf Practice Rm, 1000 Bottle Wine Room, Exercise Rm & an amazing Work Shop. The outdoor area has a built-in grill, sitting area w/FP & TV & large two sided pool w/spa & private pier with lift & automatic boat cover. This is your complete DREAM HOME!
|Type:||Single Family Residence|
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Based on information submitted to the MLS GRID as of 2021-04-21 18:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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