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Old World luxury in Waxhaw's Chatelaine

April 6, 2016

 

There are so many wonderful neighborhoods in the South Charlotte and Waxhaw/Weddington areas of Union County. What sets Waxhaw's Chatelaine apart from the rest is its luxury, gated atmosphere and Old World style, both in its common area architecture and the homes.

 

Located east of Providence Road and just south of Monroe-Weddington Road, Chatelaine is just minutes from Weddington and about 10 minutes from I-485 near Ballantyne Commons Parkway. Beautiful downtown Waxhaw is only 7 miles south.  

 

If you are looking to commute to Uptown Charlotte, it's about 19 miles to Center City. Ballantyne is just a 20-minute commute.

 

Nearby Weddington Optimist Park has numerous athletic fields on 52 acres. Providence Equestrian Park is just 3 miles east of the neighborhood for the horse enthusiasts in the family. Golfers will find several championship courses within 15 minutes of Chatelaine!

 

The Waxhaw area maintains its rural charm while still being convenient to shopping, dining and the metro-area attractions.

 

The secluded neighborhood features community ponds, waterfalls, walking trails and lots of green space.

 

Chatelaine consists of luxury homes built in 2005 or later. Homes range in size from 3,500 square feet to more than 9,000 square feet.

 

The average sale price of a Chatelaine home was $819,783 during the last year with an average price per square foot of just over $168.

 

Currently, there are 8 homes for sale in Chatelaine. Four are under contract as of April 6. There is also a cleared 0.83 acre lot available in Chatelaine for $174,500.

 

Turnover is low in the neighborhood, with only 5 homes selling during the last 12 months. That is an average of less than 1 home sold per month, putting the current market inventory at 19.2 months.  That is well above average for Waxhaw, which has 6.3 months inventory as a whole. Union County has 5.6 months of inventory as of April 6.

 

The homes that sold during the last year averaged 98% of list price, with one selling 4% higher than list.

 

The highest and lowest sold prices for the last year in Chatelaine were $875,000 and $781,500, respectively.
 
The neighborhood is zoned for Union County's Weddington elementary, middle and high schools.

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