Hot Listings in Lake Norman: Spring 2021
An expanded roundup of desirable real estate in and around the area
COVID seems to have crippled just about everything in 2020 except Charlotte’s runaway train of a housing market, and Lake Norman maintained its status as an area for mid-priced to high-end homes with all the space and amenities a buyer could ask for—and lake access to boot.
Sales dipped in the lockdown months of April and May and even into June, according to data from Canopy, the main Realtors’ organization for the Charlotte region. But the Lake Norman market rebounded hard as the year progressed: By year’s end, the number of closings had grown by 8.2% over 2019, and inventory had dropped by more than 60%, an astonishing figure. “Fifty percent of our business went away in April and May, and we still surpassed last year’s (sales) total,” says Stephanie Gossett, a Cornelius-based Allen Tate regional vice president who has worked in the Lake Norman area for most of the last 25 years. “It was nuts.”
Gossett says she believes the lockdown in spring, normally the peak season for home sales, actually created pent-up demand that was freed once COVID restrictions eased. And even that wasn’t the primary reason why sales shot back up. She credits a combination of factors: historically low mortgage interest rates (as of late January, generally less than 3% for a 30-year, fixed-rate loan); a continuing shortage of home inventory, exacerbated by a slowdown in building; “and on top of that, we’re still one of the most popular places to live in the country,” she says. “It’s been the perfect storm for the housing market—in a good way.”
In some ways, the pandemic may have heightened the appeal of the spacious new builds Lake Norman is known for. Gossett stresses that her evidence is anecdotal, but she’s heard from professionals who before 2020 lived in places like Mooresville and Davidson and commuted to and from their jobs in uptown Charlotte. COVID forced many of them to work from home, a trend that figures to continue—and much of Lake Norman’s housing stock allows for conversions and additions to accommodate home offices and workspaces. Far from dousing the area’s housing market, COVID and its consequences may have added fuel to it. “In the field right now, multiple offers are more the norm than the exception,” she says, “and we’re talking about 15 offers, not two.” —Greg Lacour
108 Pier 33 Dr., Unit 413 (top of page)
MOORESVILLE Enjoy access to the lake, boardwalk, pool, and tennis courts from this ground-floor waterfront condo. Unwind on the patio with a cocktail, or kayak across the cove to Havana 33 and Eddie’s on Lake Norman. 2 BD, 2 BA, 1,051 sq. ft., Helen Adams Realty
17810 Half Moon LN., Unit B
CORNELIUS This poolside condo has wood floors, plantation shutters, and a gas fireplace surround. The complex has nearby kayak storage, boat rentals at the marina, and an onsite day dock. 3 BD, 2 BA, 1,464 sq. ft., Coldwell Banker
153 Huntington Ridge Pl.
MOORESVILLE This picturesque custom home sits at the end of a winding driveway on a four-acre lot. Entertain friends and family in the updated kitchen, or relax by the stone fireplace in the living room. 4 BD, 4 BA, 3,702 sq. ft., Allen Tate
254 Beaten Path Rd.
MOORESVILLE This cozy retreat on a private cove has a shoreline boardwalk that leads to a pier and covered boat slip. The main level has hardwood floors, a gourmet kitchen, and a spacious master suite that opens to the back deck. 3 BD, 2.5 BA, 3,589 sq. ft., The Allen Team
7980 Bradford Ln.
DENVER Classic colonial architecture, a formal foyer, and custom built-ins give this two-story abode a traditional sensibility. An expansive covered porch, backyard pool, and boat slip make it primed for lake life. 3 BD, 6.5 BA, 7,045 sq. ft., Keller Williams
111 Island Cove Ln.
MOORESVILLE This new build in The Harbour at the Pointe community comes with amenities like a clubhouse, pool, tennis courts, playground, and community docks. The two-story home has an open kitchen with walk-in pantry, a formal dining room with a wet bar, and a large covered porch with an outdoor fireplace. 4 BD, 4.5 BA, 4,576 sq. ft., TSG Residential
7823 Live Oaks Dr.
DENVER Located in the gated Live Oaks community, this renovated home has an open floor plan, gourmet kitchen, and patio with an outdoor grill. The waterfront property has a private pier and floating dock with two watercraft ramps. 4 BD, 4.5 BA, 5,476 sq. ft., Keller Williams
20345 Norman Colony Rd.
CORNELIUS This waterfront sanctuary has hardwoods throughout the main floor, plantation shutters, high-end light fixtures, and expansive windows that offer lake views from nearly every room. The finished walkout lower level leads to a private pier with a diving board and boat and jet ski lifts. 5 BD, 4.5 BA, 5,155 sq. ft., Select Premium Properties, Inc.
16505 Jetton Rd.
CORNELIUS With cedar beams and cathedral arches throughout, this colossal estate feels like a castle on the lake. The master suite has a fireplace, walk-in closet, and personal laundry station. The downstairs great room opens to a stone lanai with an outdoor kitchen and saltwater pool; the private pier connects to a two-boat slip dock. 5 BD, 5.5 BA, 8,127 sq. ft., Lead 2 Real Estate Group
Homes available as of February 9, 2021.
Compiled by Taylor Bowler