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.
Coming Soon! Extraordinary waterfront Simonini stone estate elegantly situated on a one of kind 1.88 acre lot with incredible views, pool, private dock w/ 2 boatslips, a 9,000 lb Hi-Tide boat cable lift (1) w/ remote control, jet ski lift, sandy beach, & 270 ft of boardwalk. Multiple outdoor living venues: resort style pool, firepit area, 2 covered porches & outdoor kitchen. Recent improvements: Renovated Gourmet Kitchen(2017), Habersham custom cabinets in Family Room & Butler Pantry, Habersham Antiqued Mirror pantry doors, renovated Task Rm (2017), New Cedar Roof( 2018), Installed hardwoods in the upstairs(2018).2nd floor HVAC(2018). 2 dehumidifiers (2018). 2nd Living Quarters/Nanny suite. Private Office/Library. 3 Fireplaces. Theater & Billiards Room w/ kitchen area. 4th car garage has ½ bath & would be perfect for a workshop, yoga studio, art studio, etc. Gated porte-cochere w/ motor court. All bedrooms are en-suites.Tax Value reflects newly assessed value pending any appeals.
|Listing courtesy of:||Allen Tate Lake Norman|
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