Lakefront property has always been a popular choice, and the Lake Wylie neighborhood is one of the Charlotte areas most up and coming lakefront neighborhoods. Lake Wylie is a 13,000 acre man made lake on the Catawba River and is located in both North Carolina and South Carolina. There are a variety of housing options to choose from including single family lakefront homes, single family water view homes, lakefront condos, and empty lots. With a variety of restaurants, parks, museums, and stores residents of Lake Wylie will never have to travel far from home. Lakefront homes frequently come with private docks, and there are public boat launches available for residents who only have waterfront views. Because the lake is managed by Duke Power and Electric, water levels remain steady throughout the year.
The Lake Wylie neighborhood is currently in a buyers market. Homes in the area were averaging a sales price of $465,000 in mid 2014, with an average listed price of $499,000. These prices have been steadily trending down over the last 9 months for both the average price per square foot and the average listing price which is now $389,000. Lake Wylie is estimated to have a 12 month surplus of homes listed for sale, so buyers have a variety of options to choose from. This is in contrast to the Charlotte area as a whole, which has been seeing a steadily and gradually increasing average selling price of homes over the last 5 years.
Lake Wylie is served by the Clover School and Fort Mill School districts in South Carolina, and the Charlotte Mecklenberg School District in North Carolina. Residents are within easy driving distance of over a dozen College and higher education options in both North and South Carolina including the University of North Carolina – Charlotte, Pfeiffer University, and the University of South Carolina at Lancaster. There are also over half a dozen parks, museums, and public gardens within an easy drive of the community. Lake Wylie is currently the largest and most convenient lakefront neighborhood in the Charlotte area and is experiencing the most growth.
