Lake Wylie hot spot for homes

03:56 PM EDT on Wednesday, May 25, 2005

By MARIA KOTULA / 6NEWS

LAKE WYLIE -- Lake Wylie is one of two lakes that bookend the Queen City.

To the north sits Lake Norman sprawling with development and its open lots are at a premium. The same thing is now happening to the south of Charlotte around Lake Wylie.

The growth started in Lake Wylie almost 30 years ago at River Hills Plantation, the first gated community in the area. It was designed with the look and highbrow lifestyle of Hilton Head and it was a novelty in the 70's. There is a marina, coupled with an 18-hole golf course.

“There are architectural standards. We do not have RV's and in the front yard we don't have pink flamingos,” said Charles Wood of the Lake Wylie Chamber of Commerce. “River Hills has condominiums so the range here is $150,000 to $1.1 million for houses.”

Wood lives in River Hills. He said he has watched his home nearly double in price since he purchased it 25 years ago.

The demand for Lake Wylie homes started to surge about five years ago.

“The land here has been virtually ignored for years,” said Jim Medall, Rhein Interests Developers. “I think people are rediscovering Lake Wylie as close to where they live and work.”

Rhein Interests Developers are building the Palisades off Highway 49.

“Prices range from the high $200,000's all the way up to $2 million,” Medall said. “All houses are brick.”

Once construction is complete it will have a golf course, tennis courts, soccer complex and an equestrian complex. The grand opening is set for June.

The Sanctuary will have homes move-in ready by the end of the year for those who are looking for more land in the Lake Wylie area. The sanctuary has two acre lots starting at $140,000 (lot only) and they go all the way up to 12 acre waterfront lots that run $2 million.

The Palisades will host a home-a-rama June18 - July 4. Organizers expect 50,000 spectators to view the model homes that will be decorated with the latest designs and kitchen innovations.

 

Lake Wylie Point with House for Sale