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.
From the moment you enter the private drive inside The Peninsula you will discover that this stately all-brick two-story Georgian-style custom home is a true homebuyers' home. It features scenic views of Lake Norman, private boat slip, and newly renovated dock from the front and large in-ground heated pool with integral spa overlooking the 18th hole fairway from the back. Beautifully and comprehensively renovated in 2019, this elegant home features two lakeview main-floor home offices, two master suites, private guest suite with lakeview balcony, two gas fireplaces and dramatic two-story conservatory. Main level master on the East Wing has an en suite and heated Italian marble floors. Two oak staircases lead to a private wine room featuring a 500 bottle climate-controlled wine cellar and second-floor library overlooking the lake. Interior and exterior Yamaha whole-house audio system throughout with a separate system for West Wing office. Storage abounds. No detail left untouched.
|Type:||Single Family Residence|
|Virtual Tour:||Click here|
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.
Contact An Agent: