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.
One of a kind Exclusive private gated estate. Located on a 1.19-acre peninsula lot with over 1100 linear feet of waterfront located in the middle of the main channel with views for miles. Wonderful floorplan flows throughout the home. A chefs kitchen featuring Viking and Sub-Zero appliances opens to the breakfast nook and great room. The main floor theatre invites movie buffs of all ages. You will also find a game room with gentleman’s bar that leads to the covered outdoor Kitchen featuring 2 grills, imported pizza oven, huge stone fireplace, bar, dishwasher and refrigerator, lower covered patio with private bath and Pool. This home is all about entertaining family and friends. It is also a perfect home for those seeking privacy and security. It is like owning your own private island in the middle of Lake Norman. This is a spectacular property with the some of the best views on the lake. Short commute into Uptown and Charlotte Douglas Airport.
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|Listing courtesy of:||Ivester Jackson Properties|
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