Lakefront real estate often commands a premium, and some of the priciest lakes to purchase a house on are near Charlotte.
Here’s a look at how much a lakefront house would set you back, on average at the 10 most expensive lakes in North Carolina. This report was compiled by Lake Homes Realty, which exclusively focuses on – you guessed it – homes around lakes. The company compiles an annual Lake Market Report that covers much of the southern U.S.
The total value of lakefront real estate on the market right now in North Carolina: $2.3 billion. And many of those houses aren’t cheap.
“In general North Carolina lake property is pricier than most of the other states in the South,” Lake Homes Realty researchers wrote. “There are nearly 300 lake homes in the state priced at $1 million or more, a total larger than the combined number of such homes in Alabama, Virginia, Arkansas and Oklahoma.”
No. 10: Hyco Lake
Average listing price: $481,366
Number of properties for sale: 49
Hyco Lake is near the Virginia border, north of Raleigh.
No. 9: Chatuge Lake
Average listing price: $490,576
Number of properties for sale: 138
Chatuge Lake is in far western North Carolina, on the Georgia border.
No. 8: Lake Hickory
Average listing price: $505,026
Number of properties for sale: 104
Lake Hickory is about an 1.5 hours northwest of Charlotte.
No. 7: Mountain Island Lake
Average listing price: $511,504
Number of properties for sale: 27
Mountain Island Lake is just northwest of Charlotte, outside the I-485 loop.
No. 6: Lake Jeanette
Average listing price: $520,533
Number of properties for sale: 152
Lake Jeanette is in Greensboro, north of the city’s downtown and near the larger Lake Townsend.
No. 5: Lake Wylie
Average listing price: $611,487
Number of properties for sale: 202
With $300 million worth of listings, the total value of real estate at this lake on the South Carolina border is the second-highest in the state.
No. 4: Cary Park Lake
Average listing price: $619,192
Number of properties for sale: 26
This small lake is west of the town of Cary.
No. 3: Lake Davidson
Average listing price: $657,468
Number of properties for sale: 24
Much of the shoreline at this lake near Mooresville is protected from development by a land conservancy.
No. 2: Lake Norman
Average listing price: $877,025
Number of properties for sale: 929
Although it doesn’t capture the top spot for average price, Lake Norman is easily the biggest lake in the state for the total value of its real estate. With close to 1,000 listings in the Lake Norman submarket, there’s more than $900 million worth of residential real estate on offer.
No. 1: Falls Lake
Average listing price: $908,367
Number of properties for sale: 76
Near Raleigh and Durham, this clocks in as the most expensive lake to buy a house, on average, in North Carolina. But don’t be blown away by the average price nearing $1 million: The most expensive lake in Texas, Lake Austin, averages almost $3 million.