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.
Looking for your forever home? Look no further. This custom home on 1.11 acres on Lake Norman has expansive views and breathtaking sunsets while in the pool or hot tub. Ext. 1/2 bath. With approx. 7,500 square feet of living space and over 10,000 square feet under the roof, there are endless options for entertaining intimate and large gatherings indoors or out. This open concept design is light-filled with a custom chef kitchen, an enormous center island and large eat-in area for casual dining. Majestic double front door entrance and gourmet kitchen counters special ordered from Europe. Master and laundry on main. Sub zero & Wolf appl in kitchen. Elevator stops on all 5 levels for accessible living. Tons of storage. The high-end separate living quarter provides a wonderful retreat for guest home or short-term rentals. It has one bedroom, one bath and a 3rd kitchen. Covered boat dock with lift and water pump. 6 car garage. Private Pier. This is the forever home you’ve been looking for!
|Listing courtesy of:||EXP REALTY LLC|
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