Posted by: Roby Robertson | June 24, 2009

Lake Norman Real Estate | Waterfront Homes For Under $500,000

Lake Norman Waterfront

I get asked quite often “Are there waterfront opportunities on Lake Norman for under $500.000?”

I can tell you the answer is definitely a “Yes”!

According to our MLS, there are currently 37 homes for sale on Lake Norman, with a floating dock and all for under $500,000!

 

Below are statistics that give a synopsis of the Lake Norman waterfront homes for sale under 500K.

Active – 37 Properties Found

Square Feet

Bedrooms Full Baths Half Baths List Price Sale Price Days On Market
Min 600 – 800 1 1 0 $ 265,000 $ 0
16
Avg 1300 – 1700 2 1 0 $ 404,974 $ 0
139
Max 2700 – 3300 5 3 1 $ 500,000 $ 0
524

 Of these 37 homes, 11 of them are categorized as manufactured or modular homes.  This is can be very  decieving because some of these have the most gorgeous waterfront lots.

15 of these homes are Ranch syle homes with 5 of these also having a basement.

The rest of the homes are 2 story homes with or without basements.

In the statistics you will see a home with 1 bedroom (in Troutman).  The view of this home is depicted in the picture at the top of this post.  This home was used as a vacation home and could be again.  Other options are removing the home and rebuilding or renting it as a vacation rental. 

The highest priced home (in Sherrills Ford) in this list is a Ranch with basement and is described this way by the current listing agent:

Private Lake retreat with expansive view,deep water,boathouse,ramp,large dock and pier. Lot is heavily wooded. Circular drive. Comfortable Lake living as it is supposed to be! Home has been newly painted & is in superior condition. Upstairs fireplace is two-sided used for living room and rec.room. 10×20 sunroom. Unfinished basement heated with fireplace with full bath opens to screened patio and storage.

Priced betwen these two homes are homes of all sizes and with varying views of the lake.  If you are interested in waterfront and are in a price range that falls into the category discussed here, contact your Lake Norman agent  at 704 451 7051 for a list emailed directly to you.

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