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 Masterpiece,"Peninsula Retreat" an Architect Inspired Home @ The Peninsula. Home was completely Renovated in 2008, Exterior-Interior, Architect Garrett P. Nelson's Design, Direction. The Architectural Masterpiece was hand crafted w/Custom materials & finishes w/European Inspiration. Three levels all open onto Private Waterfront Oasis, 268 feet of sandy Beach Shoreline, Organic Hot Tub/Pool & Pool House w/Fireplace on over an Acre. Grand Foyer welcomes guests into custom crafted European details. Gourmet Chef Inspired Kitchen w/custom crafted details, professional grade,Wolf/Subzero appliances & Large Island. Spacious Master Bedroom Suite, 2 Large separate Master Closets & Master Spa Bath. Second Level appointed w/2nd Master Suite, 3 Bedroom Suites, each w/full baths, Laundry Rm, Bonus Room & Game Room w/access to Terrace. Media Room, Bar & Full Bedroom Suite on Third Level. 2nd Living area above detached garage. Luxury Waterfront Living, Covered Boat Dock, Stunning Sunsets.
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