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.
"Paradise On Peninsula Point" is one of the finest estate homes on Lake Norman featuring over 10,000 SF and over 280 feet of pristine shoreline on Lake Norman. The 2-story grand salon room features a coffered ceiling and offers spectacular views, the stunning owners retreat is 1,800 SF with two sitting areas, one with a fireplace, the master bath also features a fireplace and the his and her closets are phenomenal. This is a dream home for entertaining, the lower level features elevator access, a full service bar, wine cellar, billiards and gaming room, 9-seat theater features electronically reclining leather movie chairs. Upstairs are four bedrooms, all with private baths and balconies, two of them overlooking Lake Norman. The outdoor grounds are stunning, you will be on vacation every day! The covered terrace is simply spectacular, there is a half court basketball court, pool & hot tub, private dock is covered with tile roof and features a 10,000 pound lift.
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|Listing courtesy of:||Ben Bowen Properties|
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