Sunday, April 6, 2008

Considering a Waterfront Lot on Lake Wylie?

Restrictions play a big part in the price and use of a lot. Lake Wylie restrictions can be complicated considering that the jurisdiction of the lake falls under two states, three counties, eight cities or municipalities, as well as the federal Army Corps of Engineers and Duke Power. Depending on the area and jurisdiction, the buffer (required space between the lake and any building) may be 50', 100', or even 200' from the 570 line.

Be careful not to make costly mistakes resulting from not knowing the lake or restrictions. For example, a lakefront home may have an outstanding view, but insufficient water frontage to meet minimum requirements for a dock. Or, a lot may be on a beautiful point with water on three sides, but because of set backs there may not enough room to build a house or install an adequate septic system. In another case, a property may be in an area of the lake that is shallow or has a shoal and difficult to maneuver when the water is lower than optimum level. Knowledge of these considerations is critical!

When buying or selling waterfront real estate, it is best to work with a real estate agent who specializes in lakefront property. An experienced waterfront agent will be familiar with the conditions in each area of the lake, will be very knowledgeable about Duke Power's Shoreline restrictions, and will be able to guide you through each consideration unique to lake property.

So when you're ready, call the specialist - Luda & Yuriy Vaynshteyn @ 704-405-0634 or visit us online at http://CarolinasMetro.com/ or http://123charlottehomes.com/.

Lake Wylie - General Facts

Lake Wylie is a man--made lake located in North Carolina and South Carolina. The lake covers a surface area of about 13,400 acres has 325 miles of shore line. Lake Wylie is located in three different counties: York (SC), Gaston (NC), and Mecklenburg (NC). The unique diversity in the three counties offers potential residents a wide variety of lifestyle choices. Tega Cay, Fort Mill, Rock Hill, Lake Wylie, Belmont, and southern Charlotte have different "personalities", different school opportunities, variety in shopping and amenities.

Lake Wylie is one of eleven lakes on the Catawba River, the second oldest lake in the Catawba River Chain. The Catawba River Chain of lakes is operated as a system by Duke Power, with water being moved around each lake as needed by the power company.

The Catawba Nuclear power plant is located on the south-western part of the lake, and draws its cooling water from the lake. On the northern part of the lake (west of Charlotte), the Allen Steam plant also draws its cooling water from the lake.

Because lake levels are managed by the power company, Lake Wylie generally does not experience radical fluctuations in lake water levels.