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.
Waterfront estate in a highly desirable location. This home has it all. 1.11 acres with over 200 feet of natural sand beach on Lake Norman's waters edge. The home has been meticulously renovated and is like new. Gorgeous Pebble Tec finished, saltwater pool/spa with Jandy rapid heat system and expansive stone decking. Worthouse metal roofing. Incredible concrete/galvanized steel superstructure pier complex complete with 2 7,000 lb cable lifts, 2 jet ski lifts with walk-around decking, LED low voltage lighting system with underwater lagoon lights and metal roof. Gourmet kitchen complete with island/breakfast bar, Sub-Zero refrigerator, Wolf gas range with double ovens and center chef griddle station and pot filler. Asko dishwasher, Asko/Wolf microwave. Each bedroom has its own full bath. Oversized, heated/cooled 3-car garage with multiple cabinets and storage loft with over 30 storage bins. Impressive in every aspect.
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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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