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.
This luxurious, 10,545 SF Patrick Joseph award-winning waterfront property speaks to the homeowner who loves quality craftsmanship, quiet elegance, mountain waterscapes, and weekly regattas. The 160' West by North-West lakeshore frontage reveals beautiful panoramic views of the distant Carolina mountains and spectacular lake sunsets. The majestic pines that grace the lot have been professionally limbed to frame the already stunning panorama. The rosewood staircase opens on the second floor into a 22’x 18’ rosewood parlor with circa 1919 backlit stained glass. The 4,280sq 2nd floor includes a 16’x 9’ private rosewood reading room with circa 1919 stained glass peacocks, 2-room guest suite with private lakefront balcony, two additional bedrooms and baths, and a 1200 SF office suite, private curved balcony and bath that can be readily converted into a grand suite or bedrooms. The 3rd floor offers a soaring 17' ceiling, walkout lakefront balcony, and the fourth 50” wood-burning fireplace.
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|Listing courtesy of:||Carlyle Properties|
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