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.
Exquisite French Chateau on spectacular point lot w/ 320' of shoreline & long range sunset views. Opulent & elaborate details inside and out make this amazing home a must see! Limestone & stucco exterior w/ custom mosaic murals. Onyx tile ceiling, inlaid tiles, wood carved & decorative iron railings, detailed trims & doors, groin vault & barrel ceilings,carved marble fireplaces, inlaid wood floors, decorative. 4 car garage w/modular floor,2 post car lift, Gladiator system, back driveway off Fidler Ln -a true car lovers dream. Lakeside conservatory w/ glass dome cupola, wood paneled office w/coffered ceiling,wine cellar. Unique floors such as rain forest stone, onyx & rare Moroccan fossil stone. Covered veranda with retractable screens, fireplace, concealed hot tub. Cast iron spiral staircase leads to wood vaulted observatory tower with commanding 270 degree lake view. Wake up to marvelous 2 sided lake views from the owner's luxurious suite complete with large sitting room on main level
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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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