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.
Spectacular one of a kind waterfront property by Whitlock Builders on Lake Norman. Situated on approximately 30 acres, this meticulously crafted custom build in a private gated community is a rare opportunity. Expansive living spaces with luxurious finishes. Floor to ceiling windows throughout, grand foyer opens up to the kitchen, breakfast area and great room. Beautiful dining room with wine cellar included. Secondary living space off of main foyer with sitting room, kitchen, bedroom and full bath. Second level includes master suite, with large walk-in closet, 3 additional bedrooms and full baths. The spacious outdoor terrace, fully equipped with infinity hot tub and pool, the perfect spot to entertain guests all the while enjoying beautiful views of Lake Norman. Exterior features include 3 car garage, helicopter landing pad, outdoor pavilion, pond and large barn/collectors workshop with lounge area above.
|Listing courtesy of:||HM Properties|
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