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.
A curved front stone wall with gas lanterns creates the perfect entrance to this authentic Cape Cod waterfront home on a private 1.56 acre lot. Enjoy the salt water pool, cabana w/sitting area & wood burning fireplace, pergola dining area & fountain plus private pier with large sitting area. A warm, inviting feeling greets you when you enter this comfortable home. The study features rich wood paneling, built-ins & cozy fireplace. Formal dining is connected by a wet bar/butlers pantry to a huge gourmet kitchen. The great room next to the kitchen has a vaulted beamed ceiling, built-ins & a stone fireplace. A screened porch off the great room also features a fireplace. Main level owners suite with sitting area. 2nd level has 3 bedrooms with adjoining baths, a bonus room & large walk-in storage. The lake level is perfect for entertaining with a large billiards room w/fireplace, game room, full bar & comfortable lounging area w/built-ins & stone fireplace. ELEVATOR & 4 car garage.
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|Listing courtesy of:||Ivester Jackson Properties|
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