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.
Price Improvement!! Exquisite contemporary estate sitting on over 500’ of LKN. Upon entering the home, you are met a wall of windows and soaring ceilings provide wide open views and an abundance of natural light. Elegance continues as you walk across the rare Afromosia flooring while holding the custom imported Italian-turned iron railing. The gourmet kitchen, designed by the award-winning Valerie Pressley offers Wolf gas cooktops, 2 wall ovens w/ warming drawers, deep fryer, and cabinet fronted Sub-Zero fridge/freezer. After dinner, continue the evening in the glass sunroom or relax with a movie in the elegant theater room with drop down projection screen. Take the elevator or the floating curved staircase up to the owners suite which features two Juliette balconies overlooking LKN and the nearly 2000-acre state park. Views continue even in the massive custom steam shower featuring automated lighting and music. Workout on your time, in private, with huge gym and sauna downstairs.
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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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