Lake Wylie Waterfront Foreclosures - Recent SalesShort Sales, Bank Owned, Foreclosures |
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| These Lake Wylie waterfront properties sold in recent months: | Search for Current Lake Wylie Waterfront Foreclosures |
Lake Wylie Waterfront Homes Sold in Foreclosure or Short Sales
| Address | Subdivision/ Area |
Status |
City |
Year Built | Approx Sq Ft | Sales Price |
| 2115 McKee Rd (sold 1/11/11) | off Youngblood Waterfront
|
Foreclosure
|
Fort Mill
|
1996 | 3252 | $ 516,000 |
| 931 Thorn Ridge (sold 1/14/11) | The Landing Waterfront
|
Foreclosure
|
Lake Wylie
|
2005 | 3500 | $ 521,500 |
| 16723 Crosshaven (sold 1/28/11) | The Palisades Waterfront
|
Short Sale
|
Charlotte
|
2007 | 4776 | $ 420,000 |
| 4212 Waters Edge (sold 2/2/11) | Concord Rd Waterfront
|
Foreclosure
|
Lake Wylie
|
1987 | 6744 | $ 560,600 |
| 4524 Rinaldo (sold 3/11/11) | Allison Creek Waterfront
|
Foreclosure
|
Lake Wylie
|
2008 | 8178 | $ 797,500 |
| 4974 Liberty Hill (sold 3/21/11), unfinished | Liberty Hill Waterfront |
Foreclosure |
Lake Wylie |
2007 | 7555 | $ 255,000 |
| 1614 Fieldbrook Rd (sold 3/25/2011) | off Mt Gallant Waterfront
|
Foreclosure
|
Rock Hill
|
1972 | 1498 | $ 130,000 |
| 9909 Sawmill Rd (sold 4/6/11) | off Shopton Waterfront |
Short Sale |
Charlotte |
1985 | 3321 | $ 585,000 |
| 9267 Egret Ridge (sold 5/5/11) | Misty Waters Waterfront
|
Foreclosure
|
Belmont
|
2004 | 5844 | $ 560,000 |
| 4924 Allison Creek (sold 7/15/11) | Allison Creek Waterfront
|
Foreclosure
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Lake Wylie
|
2007 | 8400 | $ 425,000 |
| 3301 Lake Pointe (sold 8/8/11) | Reflection Pointe Waterfront
|
Short sale
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Belmont
|
2007 | 6216 | $ 777,500 |
| 9025 Palau (sold 8/9/11) | Tega Cay Waterfront |
Foreclosure |
Tega Cay |
1987 | 4530 | $ 527,000 |
| 1525 Reflection Pt (sold 8/11/11) | Reflection Pointe Waterfront
|
Foreclosure
|
Belmont
|
2007 | 4799 | $ 650,000 |
| 8024 Kiwi Point (sold 8/17/11) | Tega Cay Waterfront |
Foreclosure |
Tega Cay |
1973 | 4000 | $ 320,000 |
| 10526 Hadlow (sold 8/31/11) | Upper Lake Wylie Waterfront
|
Foreclosure
|
Charlotte
|
1983 | 6420 | $ 310,000 |
| 2069 Marquesas (sold 9/7/11) | Tega Cay Waterfront |
Short Sale |
Tega Cay |
1974 | 2400 | $ 390,000 |
| 1028 Glistening Way (sold 9/20/11) | Belmont area Waterfront
|
Foreclosure
|
Belmont
|
2007 | 5400 | $ 610,500 |
| 5812 Natoma (sold 10/06/11, partially finished) | Mason's Crossing Waterfront
|
Foreclosure
|
Lake Wylie
|
2008 | 4598 | $ 276,500 |
Lake Wylie Waterfront Lots Sold in Foreclosure or Short Sales
| Address | Subdivision/ Area |
Status |
City |
Incl. Dock? | Acres | Sales Price |
| 5814 Morning Star (sold 1/12/11) | Lake Wylie Rd |
Short Sale |
Lake Wylie |
Yes | 2.3 | $ 240,000 |
| 6032 Headlands (sold 1/13/11) | Reflection Pt |
Foreclosure/ power lines |
Belmont |
No | 0.4 | $ 70,000 |
| 5140 Watermead (sold 3/28/11) | Reflection Pt |
Foreclosure/ very shallow |
Belmont |
No | 0.8 | $ 40,000 |
| 6048 Headlands (sold 4/20/11) | Reflection Pt |
Foreclosure/ power lines |
Belmont |
No | 0.3 | $ 120,000 |
| 7009 Lakeside (sold 4/20/11) | Woodland Bay |
Foreclosure/ good cove lot |
Belmont |
Yes | 1.1 | $ 72,000 |
| 1041 Labrador (sold 4/21/11) | Somerset |
Foreclosure / cove lot |
Lake Wylie |
No | 1.5 | $ 107,000 |
| 634 Winter Walk (sold 4/29/11) | Somerset |
Foreclosure/ good cove lot |
Lake Wylie |
Yes | 0.7 | $ 149,900 |
| 4413 Stoney Point (sold 5/4/11) | Reflection Pt |
Foreclosure/ main channel, power lines |
Belmont |
No | 1.1 | $ 130,000 |
| 7013 Lakeside (sold 5/16/11) | Woodland Bay |
Foreclosure/ good cove lot |
Belmont |
No | 1.0 | $ 85,000 |
| 1057 Labrador (sold 6/30/11) | Somerset |
Foreclosure / cove lot |
Lake Wylie |
No | 0.7 | $ 135,000 |
| 5156 Watermead (sold 7/8/11) | Reflection Pt |
Foreclosure/ power tower in center of lot |
Belmont |
No | 0.9 | $ 29,900 |
| 1272 Broadside (sold 7/15/11) | Windswept Cove |
Foreclosure/ open cove lot |
Lake Wylie | Yes | 0.9 | $ 220,000 |
| 1540 Reflection Pt (sold 8/9/11) | Reflection Pt |
Foreclosure/ main channel |
Belmont |
No | 03 | $ 143,000 |
| 722 Cider Ct (sold 8/19/11) | Somerset |
Foreclosure/ good cove lot |
Lake Wylie |
No | 0.7 | $ 165,000 |
| 6016 Headlands (sold 9/2/11) | Reflection Pt |
Foreclosure/ cove lot |
Belmont |
No | 0.4 | $ 33,900 |
| 3244 Ashwood (sold 9/15/11) | Reflection Pt |
Foreclosure/ main channel |
Belmont |
No | 1.1 | $ 130,000 |
| 2041 Lantana (sold 9/30/11) | Somerset |
Foreclosure/ cove lot |
Lake Wylie |
Yes | 0.7 | $ 110,000 |
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 publicly.
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.
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| 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. |
Priced like a foreclosure - Tega Cay lot $175,000 |
