Development

Here are the most expensive lakes to buy a house in N.C. (And Lake Norman isn’t No. 1)

A waterfront Lake Norman house with four bedrooms, three baths and 5,000 square feet, listed for $875,000.
A waterfront Lake Norman house with four bedrooms, three baths and 5,000 square feet, listed for $875,000.

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

10Hyco Lake Photo
This three-bedroom, two-bath Hyco Lake house priced near the average is waterfront with a covered, double boat slip with bar and is listed for $489,900. Listed by Clyde Kelly/Pointer & Associates

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

9Chatuge Lake Photo
For near the average price on Chatuge, this waterfront home on two lots has three bedrooms and three baths, available for $530,000. Listed by Barbara Thomas/RE/MAX Hiawassee Realty

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

8Lake Hickory Photo
This 5,500-square-foot Lake Hickory house has three bedrooms, four baths, and 130 feet of main channel waterfront, listed for $499,900. Listed by Marianna Geyer/BHHS Hickory Metro

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

7Mountain Island Lake Photo
This five-bedroom, four-bath home is a short walk from the lake and is listed for $524,900. Listed by Bobby Thompson/Allen Tate Realty

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

6Lake Jeanette Photo
This five-bedroom, four-bath home with a full mother-in- law suite is located listed for $524,900. Listed by Tom Chitty/Hathaway Home Services (Yost & Little Realty)

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

Lake Wylie Photo
This water-adjacent five-bedroom, five-bath Lake Wylie house is listed for $609,999. Listed by Robin Sams/Carolina Realty Solutions

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

4Cary Park Lake Photo
This 5,000-square- foot Cary Park Lake house has six bedrooms and five baths, as well as a finished basement, bar and home theater, listed for $640,000. Listed by Brian Brenner/Triangle Realty Associates

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

3Lake Davidson Photo
Lake Davidson home of almost 4,500 square feet, with four bedrooms and three baths, listed for $550,000. Listed by Matthew Elliott/Keller Williams

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

2Lake Norman Photo
While 20 percent of Lake Norman’s listings are for more than $1 million, 42 percent of the homes there are listed for between $500,000 and a million, including this waterfront, 3,000- square-foot home with three bedrooms, two baths and a pier, listed for $875,000. Listed by Lisa Cernuto/Mooresville Realty

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

1Falls Lake Photo
An 8,000-square- foot Falls Lake house with four bedrooms, four baths and three fireplaces on a two-acre lot. List price: $925,000. Listed by Diane Smith/Weichert Realtors

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.

Ely Portillo: 704-358-5041, @ESPortillo

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