Upward trend continues for high-end properties

Upward trend for high-end house values

16920 Harbor Master Cove in Cornelius for $3.8 million

House values in the Charlotte area posted a healthy 5 percent gain during May, according to the latest S&P CoreLogic Case-Shiller Indices, a national survey of residential sales in 20 major cities. Values in Charlotte rose at about the same rate as the national average, according to the report.

S&P says nationwide house values are rising at about a 5% annual rate over the last 12 months.  Prices in Portland, Ore., and Seattle rose 12.5 percent and 10.7 percent, respectively.

For May over April, Charlotte prices rose .8 percent, vs. 1.2 percent nationally.

In Cornelius

A large lakefront home with an old world flair has sold for near list price after being on the market for less than three weeks. The home, at the end of Sunset Cove in The Peninsula, was listed at $1.565 million by Dixie Dean of Allen Tate Co. in Cornelius. The 4,885 square foot house has a charming lakeside gazebo, a pergola and luxury finishes throughout. The house is at 18115 Sunset Cove Lane and closed at $1.5 million. Lance Carlyle of Cornelius-based Carlyle Properties represented the buyers.

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A landmark lakefront property has sold after nearly two years on the market. The 11,000 square foot house at 16920 Harbor Master Cove has sold for $3.8 million after being listed at $4.4 million by Reed Jackson of Ivester Jackson. The house has sunset views, a two story foyer and great room, a library, an outdoor kitchen, a resort pool and spa and a private putting green. The tax assessment of the property is $2.8 million. Jackson also represented the buyers.

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A right-size golf course home in The Peninsula has sold for $750,000 after being on the market for three months. The house, at 1920 Peninsula Shores Drive, was listed at $799,000 by Dixie Dean at Allen Tate. Built by Augusta Homes, the house has a large master suite, two additional bedrooms and an office on the main level, as well as a bonus room and half-bath upstairs—all in 3,900 square feet of space. The tax value of the property is $599,600. Reed Jackson of Ivester Jackson represented the buyers.

In Mooresville

A four-bedroom, six-bath home on six acres in Teeter Farms Estates has sold for $1.065 million after being listed at $1.15 million by Jason Reiner of Lead 2 Real Estate Group. On the market 10 months, the house sits in a private gated community off Highway 150 about 10 miles east of I-77. The 6,863 square-foot house at 1047 Teeter Farms has a beach-entry salt water pool, a wine room, an elevator and a four-car garage with a back-up generator. Sheri George of Lake Norman Realty brought the buyers to the closing table.

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A 5,435 square foot house on the lake in The Harbour at the Point has sold for $1.265 million after being listed at $1.3 million by Kent Temple at Keller Williams’ Mooresville office. The house, which sold as soon as it was listed, has a master on the main level, as well as an office, two family rooms and another private bedroom. There is a media room upstairs, and a pool outside. The tax value of the property is $1.123 million; it sits on nearly three-quarters of an acre. Debbie Jackson, also with Keller Williams in Mooresville, represented the buyers.

In Davidson

A 4,547-square-foot house at  2735 Grey Road has sold for $875,000 after being listed at  $899,000 by Beth Sullivan of Allen Tate nearly a year ago. The house, on one acre two miles from downtown Davidson, is in a land conservancy area. The tax value of the property is $405,000. The house features granite counters in the kitchen and baths, a first-floor master and an architectural niche for the jetted tub and a tiled walk-in shower. Dawn Lassiter of Lake Norman Realty represented the buyers.

In Cabarrus

A 4,707 square foot house at 12165 University City Blvd. in Harrisburg has sold for $800,000 after being listed at $995,000 by Pat Allen of Allen Tate. Located on 10 acres with a barn and a 1.5 acre lake, the four-bedroom house has water views from almost every room. Kevin Fu of Paragon Real Estate Group represented the buyers. The tax value is $1.3 milion. The house was on the market 256 days.

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A house on 5 acres on Lake Howell, just off Hwy. 73, has sold for $763,175 after being listed at $749,000 by Heather Littrell, with Keller Williams in Concord. The house has a 47-acre bird sanctuary on one side and nature reserve on the other, a three-car garage and a gated entrance. The selling agent of the 4,494-square-foot, five-bedroom home was Lori Love, with Remax Leading Edge. It was a short sale; the tax value of the property is $1.132 million according to Cabarrus County records.


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