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Old 04-19-2015, 12:42 PM
 
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Any waterfront properties below 650k and close to downtown? Does mountain island lake has big potential? Does this style popular in Charlotte?

https://www.redfin.com/NC/Charlotte/.../home/43877198
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Old 04-19-2015, 01:48 PM
 
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Quote:
Originally Posted by chunbo View Post
Any waterfront properties below 650k and close to downtown? Does mountain island lake has big potential? Does this style popular in Charlotte?

https://www.redfin.com/NC/Charlotte/.../home/43877198
Mountain Island Lake is a very small lake and that is a small shallow cove on top of that. I've boated in that cove before and seem to remember it being crowded and a bit smelly closer towards the creek that runs off into it. The area around there isn't that desirable either.

It's advantage is that it is closer to Charlotte than Lake Norman or Lake Wylie, and while I like to boat in the main channel there and up the river, I'm not sure that I'd want to live on this lake.
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Old 04-19-2015, 02:13 PM
 
Location: Charlotte, NC
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Define "close to downtown"

Mountain Island is nice but really is not ideal for boating. If you want to look at water, it's just barely better than decent. It is not a large lake by any stretch of the imagination. I would strongly advise a boater to NOT take anything that pulls a draft of more than 18". There is a short section just around the bend from the Hwy 16 access that is akin to a mine field for a boat with any more draft than a bowrider.

As far as potential, I don't really know. My personal opinion is that with limited use as a boating destination, the shallow section, and absolutely no restaurants on the water, there isn't too much potential....unless you want to be the guy that says "come to my lake house this weekend" using your best stuck up voice.

I'd shop Tillery before Mountain Island. It's a much longer drive to downtown, but far better recreational opportunities.

That's my 2 cents, and I could probably stick my hand out for some change.
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Old 04-19-2015, 04:07 PM
 
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for someone who needs to commute to downtown charlotte and who loves water, which community is affordable? What's the price range?
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Old 04-19-2015, 11:37 PM
 
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You mean Uptown! =]
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Old 04-20-2015, 07:52 AM
 
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It's under contract in no time. Is charlotte market red hot?
Quote:
Originally Posted by chunbo View Post
for someone who needs to commute to downtown charlotte and who loves water, which community is affordable? What's the price range?
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Old 04-20-2015, 08:14 AM
 
Location: The place where the road & the sky collide
21,898 posts, read 27,173,603 times
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Originally Posted by chunbo View Post
for someone who needs to commute to downtown charlotte and who loves water, which community is affordable? What's the price range?
What's your commute tolerance in time (an hour?) and do you need schools?

Last edited by southbound_295; 04-20-2015 at 08:28 AM..
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Old 04-20-2015, 08:25 AM
 
Location: Charlotte, NC
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Originally Posted by chunbo View Post
It's under contract in no time. Is charlotte market red hot?
You've got to act fast. Lots of people moving here from out of state snatching up deals on just about anything with a roof. Bargain-priced waterfront will go even faster. Bidding wars aren't all that uncommon either.
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Old 04-20-2015, 08:34 AM
 
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Yep, thats for sure. From my experience as a buyer, there are two types of properties in Charlotte right now.

- Those priced reasonably or with owners willing to negotiate. These are going under contract in 12 hours to 3 days of when they're listed.

- Those priced too high with owners that aren't willing to negotiate, knowing that sooner or later someone will come along willing to pay more than they should. These are staying on the market 3-6 months.

If you want a good price or see a great property, you have to be willing to make an offer the day it comes on the market.
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Old 04-20-2015, 11:31 AM
 
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Quote:
Originally Posted by chunbo View Post
It's under contract in no time. Is charlotte market red hot?
Houses don't sell that often on my street. However one did last year and it sold for full asking price in 3 days. The people made an offer without even seeing it in person.
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