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.
Be marveled by this magnificent Lake Norman retreat featuring two waterfront homes with nearly 500' of shoreline and 1.63 combined acres. Stroll along the custom waterfront boardwalk enjoying the multiple boat docks, personal boat ramp, beach and boat house for storage. The spacious main house has approximately 7,366 square feet of space with 7 total bedrooms (septic permit for 4 br). Detailed millwork is displayed throughout the home & is complemented by maple flooring throughout the main level. The gorgeous kitchen has a Dacor range & wall oven, wine cooler and GE refrigerator. Enjoy dinner with your family in the dining room with folding doors that fully open to display the beautiful water views. Relax in the lower level game room complete with bar & fireplace or on the covered rear porch overlooking the peninsula location on the water. Invite your guests to stay in the adjacent guest house complete with 3,855 square feet of space, 3 bedrooms, enclosed sunroom overlooking the lake.
|Type:||Single Family Residence|
|Listing courtesy of:||Premier Sothebys International Realty|
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