Lake Norman is one of the most sought after lakes in the entire southeast. It offers wonderful family fun and recreational activities. Conveniently located just north of Charlotte (Home of the 2012 Democratic National Convention) and Charlotte Douglas International airport. When searching for Lake Norman Waterfront,be aware that some listing agents use the term “waterfront” very liberally. If the property does not show any lake pictures or it the pictures look suspect, ask me and I will give you the scoop.
At Lake Norman direct access to the lake comes at a price. True waterfront property available on Lake Norman is always in strong demand. Logically, however, this also makes waterfront property one of the safest investments available in the area.
Your “average” home that you might be able to buy for $300,000 if located a short distance from the lake will probably cost you $500,000 to $800,000 if located on the lake with a private dock and water views.
With true waterfront property, the value is determined more using factors such as the view and location rather than by just the square footage of the home. Oftentimes the value of the lot can have greater than the value of the home. “Back in the day” as we often say around Lake Norman, premium lots could sell for up to $1,000,000. Water depth at the dock, size and levelness of the lot, neighborhood amenities, and the direction the home faces will all factor into the value.
There are alternatives for those that don’t have the budget for true Lake Norman Waterfront. There are some communities around Lake Norman that have groups of community managed boat slips that come deeded with the home . meaning a particular home has exclusive rights to use it and transfer by deed with the sale of the property. Typically an annual fee charged for the maintenance of the boat slips and piers in the range of $300 – $600. “Boat Slip” homes are also highly sought after. Having a deeded boat slip attached to a property can add $25,000 – $50,000 to the price and value of the property.
If you want to see many of our beautiful Lake Norman Homes for sale separated by community, waterfront etc., please visit Lake Norman Communities.