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.
Luxury is defined in this extraordinary waterfront home perched along the shoreline of Lake Norman, capturing magnificent long range views from this gated exclusive community. 5 bedroom 6 and 1/2 bath home overflowing with high-end finishes throughout and open floorplan to maximize lake views, over $1 million in upgrades/remodeling by current owner. Brick exterior with copper, stone & wood features, accented by lush landscaping and rich wood garage doors to complete the home's elegant look. From the 2 story foyer, enter the cozy, elegant lakeside great room w/gleaming hardwoods and custom molding from top to bottom w/a Nantucket mantel that is 1.5 stories with antique silver sconces, automatic shades on the wall of windows, built-ins and access to the upper balcony. Chef's kitchen w/all new floor-to-ceiling cabinets, 2 large grey granite topped islands w/Ashe wood bases, high-end professional appliances, & a large butler's pantry. Too many features to list! See attached list for more.
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Based on information submitted to the MLS GRID as of 2021-04-21 18:00:00. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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