Lake Wylie Waterfront ForeclosuresShort Sales, Bank Owned, Foreclosures |
|
| These Lake Wylie waterfront properties are available as of 2/15/10: | |
Lake Wylie Waterfront Community Homes in Foreclosure or Short Sales
| Address | Subdivision/ Area |
Status |
City |
Year Built | Approx Sq Ft | Original Price | Current Price | |
| 10409 Quiet Baymls 859481 | Windward Cove Waterview |
Short Sale |
Charlotte | 1997 | 2525 | $ 293,000 | $ 199,900 | |
| 1449 Lake Drive mls 862252 | Lake Drive Waterfront |
Foreclosure |
Charlotte | 2004 mobile hm | 720 | $ 269,900 | $ 199,900 | |
| 15829 Sparrowrdg mls 908655 | River Pointe (interior) |
Short Sale |
Charlotte | 2003 | 3200 | $ 362,500 | $ 270,000 | |
| 14057 Shanghai mls 905732 | Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2005 | 4000 | $ 550,000 | $ 404,900 | |
| 15729 Eagleview mls 913067 | River Pointe Waterview |
Short Sale |
Charlotte | 2003 | 5600 | $ 624,999 | $ 419,999 | |
| 18212 Tayport Dr mls 907094 | off Youngblood Waterfront |
Foreclosure |
Charlotte | 1990 | 4250 | $ 1,249,000 | $ 544,500 | |
| 10105 Sawmill Rd mls 907094 | off Shopton Waterfront |
Foreclosure |
Charlotte | 1970 | 4650 | $ 974,000 | $ 599,000 | |
| 7233 Buckland Rd mls 910805 | Browns Cove Waterfront |
Court sale |
Charlotte |
1994 | 3600 | $ 620,000 | $ 620,000 | |
| 16639 Ashton Oak mls 911078 | Palisades (interior) |
Bank owned/ foreclosure |
Charlotte | 2007 | 4200 | $ 950,000 | $ 640,000 | |
| 16811 Here at Last mls 844053 | Near Palisades Waterfront |
Short sale/under contract |
Charlotte |
2008 | 5400 | $1,475,000 | $ 650,000 | |
| 16409 Bunch Walnt mls 900835 | Near Palisades Waterfront |
Foreclosure |
Charlotte | 2008 | 4450 | $ 725,000 | $ 700,000 | |
| 9418 Windy Gap mls 900835 | Browns Cove Waterfront |
Short Sale |
Charlotte | 2006 | 3425 | $ 800,000 | $ 714,900 | |
| 16114 Tinnahinch mls 814594 | Palisades area Waterfront |
Short Sale |
Charlotte |
1999 | 3600 | $1,200,000 | $ 995,000 | |
| 3102 Point Clear mls 916397 | Tega Cay Waterview |
Foreclosure |
Tega Cay | 2006 | 2350 | $ 264,900 | $ 133,650 | |
| 11091 Seven Coves mls 883764 | Tega Cay (interior) |
Short Sale |
Tega Cay | 2008 | 2850 | $ 399,000 | $ 260,000 | |
| 16127 Tana Tea | Tega Cay Waterfront |
Short Sale |
Tega Cay | 1979 | 3475 | $ 499,000 | $ 499,000 | |
| 434 Leaf Arbor mls 870266 | Lake Forest Waterview |
Short Sale |
Lake Wylie |
2007 | 3200 | $ 464,900 | $ 325,000 | |
| 316 Palm Cove Way mls 849412 | Palm Tree Cove (interior) |
Short Sale |
Lake Wylie | 2007 | 4375 | $ 629,000 | $ 374,900 | |
| 2016 Rocky Stream mls 906062 | Liberty Hill (interior) |
Foreclosure/ under contract |
Lake Wylie | 2007 | 6250 | $ 899,900 | $ 399,000 | |
| 4653 Island Fork mls 899793 | Pole Branch Rd Waterfront |
Bankruptcy under contract |
Lake Wylie |
1950 | 1025 | $ 399,900 | $ 399,900 | |
| 2621 Pine Point Dr. mls 825041 | Windswept Cove Waterview |
Short Sale |
Lake Wylie | 2007 | 3500 | $ 579,000 | $ 430,000 | |
| 547 Highland Ridge mls 911051 | Retreat at Sunset (interior) |
Foreclosure/ bank owned |
Lake Wylie | 2009 | 3500 | $ 563,900 | $ 461,600 | |
| 604 Highland Ridge mls 848400 | Retreat at Sunset (interior) |
Short Sale |
Lake Wylie | 2009 | 4650 | $ 759,800 | ||
| 5925 Johnson Rd mls 857435 | Catawba Crest Waterview |
Short Sale |
Lake Wylie |
2009 | 5600 | $ 460,000 | $ 435,000 | |
| 5812 Natoma Rd mls 903249 | Masons Crossing Waterfront |
Bank owned/ buyer must finish |
Lake Wylie | 2010 | 4650 | $1,300,000 | $ 489,000 | |
| 4974 Liberty Hill mls 915738 | Liberty Hill Rd Waterfront |
Bank owned/ buyer must finish |
Lake Wylie | 2010 | 7600 | $ 550,000 | $ 495,000 | |
| 217 Ridge Reserve mls 817925 | Heron Cove (interior) |
Short sale |
Lake Wylie | 2008 | 4000 | $ 579,900 | $ 499,900 | |
| 6234 North Rd mls 796911 | Concord Rd |
Foreclosure |
Lake Wylie |
1977 | 2200 | $ 675,000 | $ 600,000 | |
| 5283 Johnson Barn mls 914952 | Glades at Windsw Waterfront |
Foreclosure |
Lake Wylie |
2007 | 3900 | $ 1,145,000 | $ 650,000 | |
| 4239 Acacia Road mls 907048 | Concord Rd Waterfront |
Foreclosure |
Lake Wylie |
2008 | 6800 | $ 1,299,000 | $ 848,000 | |
| 125 Rivergrass mls 833723 | Hands Mill waterfront |
Short Sale/ under contract |
Lake Wylie |
2009 | 7600 | $2,795,000 | $ 2,395,000 | |
| 5005 Hermitage Ct mls 896089 | Reflection Pt interior |
Short Sale/under contract |
Belmont |
2008 | 5000 | $ 425,000 | $ 289,900 | |
| 4408 Beechwood mls 892046 | Reflection Pt Waterview
|
Short Sale
|
Belmont |
2006 | 2800 | $ 439,000 | $ 325,000 | |
| 8406 Catawba Cv mls 901036 | Belmont Waterfrt/non dock
|
Short sale
|
Belmont |
2003 | 2300 | $ 389,900 | $ 384,900 | |
| 327 Lake Wylie mls 844277 | off New Hope Waterfront |
Short Sale/ under contract |
Belmont |
1998 | 2300 | $ 500,000 | $ 425,000 | |
| 9267 Egret Ridge mls 915900 | Belmont Waterfront
|
Short sale
|
Belmont |
2003 | 2300 | $1,274,900 | $ 874,900 | |
| 1525 Reflection Pt mls 916932 | Belmont Waterfront
|
Foreclosure
|
Belmont |
2007 | 4850 | $1,300,000 | $ 899,000 | |
| 3301 Lake Pointe mls 845009 | Reflection Pt Waterfront |
Short Sale |
Belmont |
2008 | 6285 | $2,199,900 |
|
|
Lake Wylie Waterfront Lots in Foreclosure or Distressed Sales
| Address | Subdivision/ Area |
Status |
City |
Incl. Dock? | Acres | Original Price | Current Price | |
| 5156 Watermead mls 910930 | Reflection Pt |
Foreclosure |
Belmont |
No | 1.7 | $ 350,000 |
|
|
| 7013 Lakeside Pt mls 913129 | Woodland Bay |
Foreclosure/ bank owned |
Belmont |
No | 1.0 | $ 375,000 | $ 140,000 | |
| 7009 Lakeside Pt Click for details | Woodland Bay |
Short Sale |
Belmont |
Yes | 1.1 | $ 350,000 | $ 180,000 | |
| 6048 Headlands mls 764250 | Reflection Pt |
Short Sale |
Belmont |
No | 0.3 | $ 385,000 |
|
|
| 4101 Arbor Sprng mls 906619 | Reflection Pt |
Short Sale |
Belmont |
No | 0.6 | $ 379,000 | $ 225,000 | |
| 1544 Refl. Pointe Bvd mls 876458 | Reflection Pt |
Short Sale |
Belmont |
No | 0.3 | $ 424,000 | $ 259,900 | |
| 3225 Lake Pointe mls 832137 | Reflection Pt |
Short Sale |
Belmont |
No | 0.5 | $ 349,700 | $ 289,000 | |
| 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 | |
| 13702 SageThrasher mls 800046 | The Sanctuary |
Short Sale |
Charlotte |
No | 3.9 | $ 949,000 | $ 400,000 | |
| 13608 SageThrasher mls 800056 | The Sanctuary |
Short Sale |
Charlotte |
No | 7.7 | $1,799,000 | $ 900,000 | |
| 13400 SageThrasher mls 804245 | The Sanctuary |
Short Sale |
Charlotte |
No | 9.6 | $1,400,000 | $ 950,000 | |
| 13840 Girl Scout Rd mls 800062 | The Sanctuary |
Short Sale |
Charlotte |
No | 10.4 | $2,599,000 | $ 999,000 | |
| 1227 Broadside mls 906424 | Windswept Cove |
Foreclosure/ bank owned |
Lake Wylie |
Yes | 0.9 | $ 425,000 | $ 350,000 | |
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 |
| 13912 Rocky Gap mls 873567 | Palisades - golf course |
Short Sale/ temp off market |
Charlotte | 2007 | 4450 | $ 579,900 | $ 499,900 |
| 4974 Liberty Hill mls 875951 | Liberty Hill Waterfront |
Bank owned/ temp off market |
Lake Wylie |
2009 | 7200 | $ 550,000 | $ 550,000 |
| 340 Sunset View mls 890729 | Liberty Hill |
Short Sale/ temp off market |
Lake Wylie |
2009 | 6200 | $1,149,000 | $ 649,000 |
Big Price Reduction, Big View, Big Value! Now $450,000. Click on picture for details |
