Spotlight: Ballantyne's Cady Lake

If you are looking in the Ballantyne area for a single-family home in a more mature neighborhood then it is worth your while to take a look in beautiful Cady Lake.

Developed by Pulte Homes in 2000, Cady Lake is located off Ballantyne Commons Parkway at Tom Short Road. Neighborhood amenities include a pool, clubhouse, tennis court and playground. Of course, the focal point of the community is Cady Lake, where catch-and-release fishing is allowed.

In the surrounding area, there is no shortage of activities and destinations. Shopping, dining and fitness are convenient at nearby Stonecrest, Blakeney and Ballantyne Village.

I-485 access is available at both Rea and Providence roads, both of which are less than 3 miles away. SouthPark is convenient via Rea/Colony Road, and the Uptown area is less than 45 minutes away via Providence Road. During commuters hours traveling north to Uptown may take more than an hour.

Cady Lake homes offer open floor plans averaging between 2,400 square feet and 3,400 square feet. Homes have attached two-car garages. Home lots are average sized at about one-third of an acre.

During the last year, the average sales price of a Cady Lake home was $389,210 and $125 per square foot. Sales averaged approximately 97.4% of list price.

A total of 16 homes in Cady Lake sold during the last 12 months, for an average of about 1.4 homes sold per month.

Currently, there are 3 homes on the market, one of which is under contract as of March 14. Given the monthly average of homes sold, there is approximately 2.1 months of inventory on the market in Cady Lake. Adjacent Stone Creek Ranch, which has a slightly higher average sales price of $356,000, has 2.7 months of inventory with 12 homes currently on the market.

Both neighborhoods are below the averages for Charlotte and Mecklenburg County, which both have about 3.8 months of inventory.

The neighborhood is zoned for Polo Ridge Elementary School, J.M. Robinson Middle School and Ardrey Kell High School.