Ballantyne is a prestigious Charlotte neighborhood that is located just outside of the I-458 loop and is adjacent to the South Carolina border. In fact, it is closer to the South Carolina border than to uptown Charlotte. This newer neighborhood was originally used as farmland and a hunting preserve that belonged to a family until Charlotte resident Smoky Bissell bought the land in 1995. About 2,000 acres were purchased for development and he named the area after his aunt, Barbara Ballantyne.
This upscale neighborhood has a population of approximately 23,000. Ballantyne is home to 4,000,000 square feet of Class A office space, including the headquarters of Extended Stay America, SPX, and ESPN regional television. Shopping and dining conveniences here include Ballantyne Village, Ballantyne Quad, Ballantyne Commons East, and Ballantyne Corners. Other shopping areas include Stonecrest, Providence Commons, Blakely, Piper Glen and Trader Joe’s.
Ballantyne is the perfect place for people who like to live, work, and play all in the same area. With so many corporate headquarters and offices located here, residents can find work just a short commute away from where they live. With all of the shopping opportunities available in Ballantyne, residents who do not want to venture out of the neighborhood seldom need to.
Ballantyne Real Estate
As with all of Charlotte, Ballantyne is currently experiencing major growth in its real estate market. Between May and August of 2015, there were 38 home sales in Ballantyne East with a median sales price of $378,500. This is over a 13 percent increase in the past year. The average sales price per square foot for this area was $139, an increase of 8.6 percent from this period last year. The current average listing price for homes here is $512,318, which appears to be on a steady incline. In comparison, the average listing price for a home in the city of Charlotte is $290,000.
Ballantyne Schools
Students within the Ballantyne community can attend one of the top-rated 11 elementary schools, four middle schools, and three high schools, including Ardrey Kell, Providence, and South Mecklenburg High Schools. Many married couples moved here in the late 1990s for the schools, planning on leaving after their children were done with school. However, most of them still remain, having found Ballantyne more than just area for its great schools.
The Charlotte neighborhood of Ballantyne has a lot to offer its residents; from parks and recreation to upscale shopping, top-rated schools to tremendous home values.
