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.
Newer Custom Estate Home on private WF point lot with long spectacular views of open water! 3 story glass ELEVATOR makes it easy to access all 3 floors quickly including 2 offices on the 3rd fl! 5 bd suites w/ master on main! "Romeo & Juliet" double door veranda overlooks front courtyard. An impressive winding Brazilian cherry spiral staircase accents the grand entrance. 11 ft ceilings on main with multiple windows for natural light & beautiful views! Panoramic 220 degree water views are visually captured from all levels! Exquisite granite sourced in Miami is featured in the kitchen, wine room, bar & bathrooms. Travertine floors on main level! Screened porch/glass gazebo off Gathering room! 4 gas fireplaces designed into the master bedroom, formal LR, den & lake level. Lake level: Tuscan style wine cellar w/ crafted ironwork, 2nd living quarters features bdrm, bath, family rm, guest bath off full kitchen, theater room, workout & hobby rm. ***SIGNIFICANTLY LOWER HOA DUES & OBLIGATIONS
|Type:||Single Family Residence|
|Listing courtesy of:||Keller Williams Lake Norman|
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