Lake Wylie Waterfront ForeclosuresShort Sales, Bank Owned, Foreclosures |
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| These Lake Wylie waterfront properties are available as of 8/11/10: | |
Lake Wylie Waterfront Community Homes in Foreclosure or Short Sales
| Address | Subdivision/ Area |
Status |
City |
Year Built | Approx Sq Ft | Original Price | Current Price |
| 15032 Easywater mls 937650 | The Palisades (interior) |
Short Sale |
Charlotte | 2007 | 3000 | $ 399,000 | $ 240,000 |
| 15829 Sparrowrdg mls 908655 | River Pointe (interior) |
Short Sale |
Charlotte | 2003 | 3200 | $ 362,500 | $ 274,500 |
| 16548 Flintrock Fls mls 962242 | The Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2008 | 3400 | $ 499,000 | $ 399,990 |
| 16624 Flintrock Fls mls 962234 | The Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2008 | 3600 | $ 519,000 | $ 399,990 |
| 16327 Crystal Dwns mls 964600 | The Palisades golf course |
Bank owned/ foreclosure |
Charlotte | 2006 | 4300 | $ 399,900 | $ 399,990 |
| 16829 Crosshaven mls 877971 | The Palisades Golf Course |
Short Sale |
Charlotte | 2007 | 4900 | $ 575,0000 | $ 439,999 |
| 17010 Ashton Oaks mls 951204 | The Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2006 | 4400 | $ 994,000 | $ 524,900 |
| 11533 Egrets Point mls 923853 | Chapel Cove Interior |
Bank owned/ foreclosure |
Charlotte | 2008 | 4300 | $ 979,000 | $ 605,000 |
| 9418 Windy Gap mls 900835 | Browns Cove Waterfront |
Short Sale |
Charlotte | 2006 | 3425 | $ 800,000 | $ 689,000 |
| 16736 Ashton Oaks mls 933650 | The Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2008 | 6500 | $1,328,500 | $ 749,990 |
| 12835 Ninebark Tr mls 953318 | The Sanctuary (interior) |
Short Sale |
Charlotte | 2006 | 4500 | $1,349,000 | $ 950,000 |
| 13719 Palisades mls 922777 | The Palisades Golf Course |
Short Sale |
Charlotte |
2008 | 5400 | $1,295,000 | $ 1,295,000 |
| 11235 Wildlife Rd mls 960607 | The Sanctuary (interior) |
Short Sale |
Charlotte | 2004 | 9950 | $1,399,000 | $ 1,399,000 |
| 10829 Green Heron mls 960770 | The Sanctuary (interior) |
Bank owned/ foreclosure |
Charlotte |
2009 | 8200 | $1,599,900 | $ 1,599,900 |
| 19219 Youngblood mls 964224 | The Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2009 | 6900 | $1,600,000 | $1,600,000 |
| 11082 Deep Cove mls 949911 | Seven Coves (interior) |
Foreclosure/ bank owned |
Tega Cay | 2003 | 2100 | $ 184,900 | $ 169,900 |
| 1154 Hunters Run mls 931751 | Lakeshore (interior) |
Foreclosure |
Tega Cay | 2003 | 2850 | $ 282,000 | $ 274,000 |
| 788 Beachwood mls 923441 | Lakeshore Waterview |
Short Sale |
Tega Cay | 2005 | 4450 | $ 500,000 | $ 412,000 |
| 547 Highland Ridge mls 963803 | Retreat as Sunset (interior) |
Bank owned |
Lake Wylie | 2009 | 3500 | $ 563,900 | $ 461,600 |
| 4974 Liberty Hill mls 915738 | Liberty Hill Waterfront |
Foreclosure buyer must complete |
Lake Wylie | 2007 | 7600 | $ 550,000 | $ 495,000 |
| 357 Sunset View mls 947018 | Liberty Hill Waterfront |
Bank owned |
Lake Wylie | 2006 | 500 | $1,820,000 | $ 599,900 |
| 6981 Montgomery mls 929600 | Heron Cove Waterview |
Foreclosure |
Lake Wylie | 2008 | 4700 | $ 714,500 | $ 599,900 |
| 6234 North Rd mls 796911 | Concord Rd |
Foreclosure |
Lake Wylie |
1977 | 2200 | $ 675,000 | $ 600,000 |
| 4239 Acacia Road mls 907048 | Concord Rd Waterfront |
Foreclosure |
Lake Wylie |
2008 | 6800 | $ 1,299,000 | $ 848,000 |
| 1442 Barron Point mls 944440 | Rock Hill Waterfront |
Foreclosure |
Rock Hill | 2004 | 8700 | $ 850,000 | $ 650,000 |
| 118 Boardwalk Run mls 805938 | Sunset Point (interior) |
Short Sale |
Rock Hill |
2004 | 2900 | $ 292,000 | $ 229,999 |
| 215 Palm Cove Way mls 849882 | Palm Tree Cove Waterview
|
Short Sale
|
Lake Wylie |
2009 | 3230 | $ 560,000 | $ 399,000 |
| 1442 Barron Point mls 944440 | off Mt Gallant Waterfront
|
Foreclosure
|
Rock Hill |
2004 | 8800 | $ 650,000 | $ 749,900 |
| 127 Wylie Cove Ln mls 942253 | Joslin Pointe Waterfront |
Foreclosure |
Rock Hill |
2008 | 5500 | $ 1,599,900 | $ 750,000 |
| 8406 Catawba Cove mls 940136 | off Pole Branch Waterview |
Foreclosure |
Belmont |
2003 | 2450 | $ 384,000 | $ 199,900 |
| 217 Commodore mls 922870 | HarborTowne Waterview
|
Foreclosure
|
Belmont
|
2008 | 3400 | $ 520,000 | $ 369,000 |
| 9267 Egret Ridge mls 915900 | Belmont Waterfront
|
Short sale
|
Belmont
|
2003 | 2300 | $1,274,900 | $ 634,900 |
| 3120 Channel View mls 921743 | Lake Ridge Waterfront
|
Short Sale
|
Belmont
|
1995 | 4200 | $ 799,000 | $ 675,000 |
| 1525 Reflection Pt mls 916932 | Belmont Waterfront
|
Foreclosure
|
Belmont
|
2007 | 4850 | $1,300,000 | $ 899,000 |
| 3219 Lake Point Dr mls 913892 | Belmont Waterfront |
Short Sale |
Belmont |
2007 | 6250 | $1,699,000 | $ 939,000 |
| 1551 Reflection Pt mls 911653 | Belmont Waterfront
|
Short Sale
|
Belmont
|
2007 | 4850 | $1,650,000 | $1,479,000 |
Lake Wylie Waterfront Lots in Foreclosure or Distressed Sales
| Address | Subdivision/ Area |
Status |
City |
Incl. Dock? | Acres | Original Price | Current Price | |
| 7013 Lakeside Pt mls 913129 | Woodland Bay |
Foreclosure/ bank owned |
Belmont |
No | 1.0 | $ 375,000 | $ 140,000 | |
| 4101 Arbor Sprng mls 906619 | Reflection Pt |
Short Sale |
Belmont |
No | 0.6 | $ 379,000 | $ 165,000 | |
| 6048 Headlands mls 764250 | Reflection Pt |
Short Sale |
Belmont |
No | 0.3 | $ 385,000 |
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| 7009 Lakeside Pt Click for details | Woodland Bay |
Short Sale |
Belmont |
Yes | 1.1 | $ 350,000 | $ 180,000 | |
| 6016 Headlands mls 855549 | Reflection Pt |
Short Sale |
Belmont |
No | 0.4 | $ 280,000 | $ 180,000 | |
| 1544 Refl. Pointe Bvd mls 876458 | Reflection Pt |
Short Sale |
Belmont |
No | 0.3 | $ 424,000 | $ 219,000 | |
| 4317 The Bluffs mls 930841 | Reflection Pt |
Short Sale |
Belmont |
No | 0.5 | $ 550,000 | $ 275,000 | |
| 3225 Lake Pointe mls 832137 | Reflection Pt |
Short Sale |
Belmont |
No | 0.5 | $ 349,700 | $ 289,000 | |
| 3127 Lake Pointe mls 797483 | Reflection Pt |
Short Sale |
Belmont |
No | 0.4 | $ 369,876 | $ 298,900 | |
| 1540 Refl. Pointe Bvd mls 897094 | Reflection Pt |
Short Sale |
Belmont |
No | 0.3 | $ 350,000 | $ 350,000 | |
| 17401 Crosshaven Click for details | Palisades area |
under contract/ Short Sale |
Charlotte |
No | 0.8 | $ 450,000 | $ 299,999 | |
| 1227 Broadside mls 906424 | Windswept Cove |
Foreclosure/ bank owned |
Lake Wylie |
Yes | 0.9 | $ 425,000 | $ 350,000 | |
| Somerset at Autumn Cove | mutliple lots |
Short Sale |
Lake Wylie | Some | 0.7+ | $ 299,000+ | $ 199,000 - $ 219,000 |
A number of factors influence the price of homes sold on Lake Wylie. This year, price of homes sold is impacted greatly by the struggling real estate market. About 25% of Lake Wylie waterfront homes sold on the lake in 2009 were foreclosures or short sales. This affects ALL waterfront pricing, as sellers have to offer a price to compete with properties in a "distressed" situation.
Foreclosures are sometimes referred to as Bank Owned, or REO's (Real Estate Owned, that is, owned by the mortgage company). Generally, when a property goes to foreclosure, it goes to auction. If the auction is unsuccessful, the bank or mortgage company may list it publically.
In a short sale, the property owner and lender are trying to prevent foreclosure, which can be a costly endeavor for both parties. In a short sale, the lender agrees to accept less that what is owed for the sale of the property. A short sale has several important considerations (for more info, please read my blog about Foreclosures vs Short Sales).
The number of Lake Wylie foreclosures and short sales have been increasing since mid-2009. The majority of these homes in foreclosure are new construction, built in 2007 and after.
David Coone, The Lake Wylie Man, specializes in the sale of waterfront properties. Buying waterfront property has many special considerations, and it pays to use someone who understands all of the area regulations, characteristics of different areas of Lake Wylie, and fair market values of lake property. Contact The Lake Wylie Man for all of your Lake Wylie real estate needs.
Source: CMLS covering Charlotte, Lake Wylie, Rock Hill, Fort Mill, Belmont, Gastonia and surrounding areas. For more information about waterfront real estate sales in these areas, contact dtc01@comporium.net.
©2009 Carolina Multiple Listing Services, All rights reserved.
| Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Baxter Village shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. |
| Address | Subdivision/ Area |
Status |
City |
Year Built | Approx Sq Ft | Original Price | Current Price |
| 16829 Crosshaven mls 862252 | Palisades - golf course |
Short Sale/ temp off market |
Charlotte | 2007 | 4950 | $ 575,000 | $ 429,000 |
| 340 Sunset View mls 890729 | Liberty Hill |
Short Sale/ temp off market |
Lake Wylie |
2009 | 6200 | $1,149,000 | $ 649,000 |
Like a permanent vacation for just $212,000. Lakefront condo, Reduced! |
Big View, Big Value! Under Contract $399,000 |
Waterfront Lot in Reflection Pointe Short sale $180,000 |
Waterfront Lot with Dock - Woodland Bay Short sale $180,000 |
