If you are looking to bargain shop and want waterfront or waterview properties this is the time to do it. Lake Norman which is located only 20 minutes from Uptown Charlotte offers the opportunity to enjoy Lake living for a discounted prices.
At one time,not long ago, only a select few were fortunate enough to afford living on Lake Norman. If anything was below $500k it was usually small cottage, maybe 1 or 2 bedrooms and around 1100 sq feet.
Today I viewed a home that was over 4000 sq ft with a full basement on .54 acres, waterfront, and deeded boat slip that was listed for $650k. Typically a home that size on Lake Norman would have been priced in the $800's. Home's in that specific neighborhood are well over a million dollars.
Obviously, location on Lake Norman can make the difference for many who are looking for waterfront homes. Lake Norman, which is the largest man-made lake in the Carolina's is 34 miles long with 520 miles of shoreline. So you can just imagine the many coves and variation of shoreline that comes along with water-frontage. However, lake access is a premium and for those who take advantage now will reap the benefits for years to come.