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.
PRICED BELOW APPRAISED VALUE OF $5,425,040. THIS LUXURY 15+ACRE PRIVATE GATED ESTATE IS THE PERECT HOME FOR ENTERTAINING W/12,675 SF CEDAR CUSTOM BUILT HOME BY WILLIS SPIVEY-INSPIRED BY LUXURY MONTANA RESORT. THIS HOME WELCOMES & INVITES YOU TO RELAX & ENJOY YOURSELF IN EVERY AREA OF THE HOME, FROM THE GRAND OPEN & SPACIOUS FLOOR PLAN TO THE AMAZING SUMMER KITCHEN & SITTING AREA (WITH 1 OF 3 FP)EXPANDS WHEN ENTERTAINING AS YOU OPEN CUSTOM NANA WALL GLASS DOORS LEADING OUT TO WALK-IN SALTWATER FOUNTAIN POOL - OVERLOOKING THE SHORELINE OF LAKE NORMAN & THE BEAUTIFUL SUNSETS. HOME HAS RADIANT HEATED FLOORS COVERED BY RICH DARK GORGEOUS WOOD FLOORING, BOTH THE 3 CAR GARAGE & 4 CAR GARAGE HAVE HEATED FLOORING - NO DETAIL OVERLOOKED. CUSTOM BUILT-IN CABINETS & SHELVING THRU OUT THE HOME. M/B W/SITTING AREA & ELEGANT ENSUITE & A WALK IN CLOSET THAT WONT DISAPPOINT. FINISHED LOWER LEVEL 4,817 SF BOAST A BUILT-IN SUANA, MEDIA AREA FP, BILLIARD, WORKOUT,FUTURE WINE ROOM, TUMBLING/BASKETBALL GYM
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|Listing courtesy of:||The Firm Real Estate|
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