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.
Lake Norman Housing Market
One of the biggest reasons 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 home, due to its 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.
Location, Location, Location. Rarely offered all white brick waterfront estate located in The Peninsula on highly sought after Balmore Pines Lane. Breathtaking views of Lake Norman as well as The Peninsula golf course. Brand new private dock built in 2022. Large open floor plan with massive windows to take advantage of the views. Huge primary suite located on the main. All bedrooms are en suites. Hand made custom cabinets in kitchen with WOLF/Subzero appliances, 2 dishwashers, refrigerator drawers, wine refrigerator & range hood. Saltwater pool with private 250 sqft pool bath/changing room as well as 250 sqft of conditioned pool and lake toy storage. Towering cypress trees in the back create unrivaled privacy while framing the unobstructed water view. Floating staircase as well as rear staircase, 2 offices on main, 3 fire places and circular dive. Huge upstairs bonus room. This home is truly luxury meets comfort. Seller is licensed NC Real Estate agent and related to listing agent.
|Type:||Single Family Residence|
Based on information submitted to the MLS GRID as of 2022-12-07 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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