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.
Gorgeous 5BR 5FB 2HB private waterfront estate on appx 10 ac. Spacious open floorplan, perfect for family & entertaining. Gourmet Kitchen w island, 2 dishwashers, brkfst bar, walk in pantry, computer station. Oversized Game Rm w walk in frig, wet bar, icemaker. Master Suite w wet bar, sitting, personal laundry, His n Hers walk in closets, private patio w outdoor shower; MBA w bidet, steam shower; Exercise Rm w porch to pool; Large Home Office w conference area. Formal DR w Butler Pantry & LR w cathedral ceiling. Poolside covered lanai w FP and ceiling fans; Pool bath w separate shower & dressing rm; Pool w hot tub, waterfall, grotto & pool house for storage; Elevator to 4 BRs up, 2 w private baths, 2 w shared bath; all upstairs BRs have walk in closets & balconies; 2nd floor Theater Rm & Media Rm. 3+ car heated Garage w built in storage, pet shower, golf cart garage. Waterfront features boat launch ramp, boatlift at stationary pier, boat lift on floating slip, 2 PWC lifts.
|Type:||Single Family Residence|
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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