If you are reading this then you have most likely already heard about many of the great aspects that make Lake Norman Real Estate so desirable. What's not to love? Lake Norman gives the 'Lake Lifestyle" while being in close proximity to many fantastic towns and cities including Charlotte, NC . The culmination of natural beauty, quaint towns and thriving economies, makes the Lake Norman area unique and an enticing place to live. Lake Norman itself includes over 535 miles of shoreline, bordering four different counties, with a slightly different vibe in each of the dozens of communities dotting the shore. This huge area encompasses a diverse spectrum of people, places, culture and history.
Two questions typically come up when someone starts searching for property in the Lake Norman area: Where should I live? and How much does it cost to live on Lake Norman?
Where should I live on Lake Norman?
This will depend on your desired lifestyle and personal preferences. Generally speaking, the southeast side of Lake Norman has more amenities with defined city centers and is in close proximity to Charlotte, around 20 to 30 minutes to the north. Cities in this area include Huntersville, Cornelius, Davidson and Mooresville. If you want a more rural feel with larger lot sizes but still want to be close to Charlotte then Denver, NC is a good fit. You can access Charlotte directly from Highway 16 and you still will have stores and places to eat. The north side of the Lake is the least developed area and consist of the towns of Sherrills Ford, Terrell and Troutman. That being said, The Village of Sherrills Ford is under development. The Village of Sherrills Ford is a mixed use project consisting of 206 acres on the shoreline of Lake Norman. The north side is also where theLake Norman State Park is located and you can easily access the cities of Statesville and Hickory.
How much does it cost to live on Lake Norman?
When many people think of Lake Norman Real Estate, they want to know how much it cost to purchase a Lake Norman Waterfront Home. Many don't realize there are several options that provide you with the 'Lake Lifestyle' without necessarily buying a waterfront home. For example, there are many homes that come with a deed boat slip located inside of the neighborhood. Other homes have lake access within the neighborhood allowing you to pull your boat in and out of the Lake. If choose a home that does not have a deeded boat slip or neighborhood lake access, there are plenty of public access points as well as marinas available. Another option for those that want to get out on Lake Norman but do not want to commit to owning your own boat then you can join one of the many boat clubs in the area. When searching for non-waterfront homes you will find homes in a wide range of sizes, styles and price point.
If you are searching specifically for Lake Norman Waterfront Homes, there are several factors the contribute to the value of a home.
- Where on Lake Norman is the property.
- What type of view of Lake Norman does the property have.
- How much waterfront does the property have.
- What is the age and size of the home.
- Where on the scale from 'Move In Ready' to 'Fixer Upper' does the property fall.
It's difficult to isolate each factor to determine how much each one of these variables influences the value of a property as they all work together to derive the price. But let's take a look generally at how each factor contributes to cost.
Where on Lake Norman is the Property?
Holding all other variable constant, homes on the south east side of Lake Norman are most costly. Homes and Condos in the cites of Cornelius, Davidson and Mooresville are more expensive than other parts of Lake Norman because of the amenties offered in the area and the close promixty to Charlotte. There are numerous dining, shopping and night life opportunities around and it's a straight shot from these cities down I-77 to Charlotte.