The Palisades Purchased; Mooresville Luxury Equestrian Property to Be Auctioned

By Eliza Theiss, Associate Editor Standard Pacific Homes has purchased a 1,100-home site at the 1,600-acre master-planned community—The Palisades—on the shore of Lake Wylie, N.C. The value of the deal has yet to be disclosed, but according to a Standard Pacific Homes press release, the purchase is the largest community land transaction of this caliber [...]

Standard Pacific Homes has purchased a 1,100-home site at the 1,600-acre master-planned community—The Palisades—on the shore of Lake Wylie, N.C. The value of the deal has yet to be disclosed, but according to a Standard Pacific Homes press release, the purchase is the largest community land transaction of this caliber within Charlotte.

The developer plans to build “move-up” type homes featuring new designs with generous open spaces, luxurious master suits, high-end gourmet kitchens and private bathrooms on about 50 percent of the land by the end of 2013, while reselling the remaining half to other developers.

13,400-acre Lake Wylie is one of the hottest submarkets in the region, offering luxurious community amenities such as a Jack Nicklaus-designed 18-hole golf course, swimming and soccer facilities, a fitness center, tennis courts and a sports complex. The Palisades is located only 15 miles away from Charlotte Douglas International Airport and the Uptown business district.

In other luxury property news, Concierge Auctions of New York City has announced it will be auctioning off the 139-acre “Finncastle” property on August 2, after an initial listing for $10.9995 million failed to attract a buyer.

Located at 9280 West NC Highway 152 in Mooresville—20 miles north of Charlotte—the property presents multiple opportunities. Future owners could keep it in its current state as an equestrian training facility and private residence or choose to develop the sprawling property further.

The property boasts not only a luxurious five-acre custom residence and premier equestrian riding and training facility, but also land and infrastructure for 33 two- to five-acre homes.

According to a press release, the equestrian facility features an outdoor, lighted regulation dressage arena; a lighted and enclosed arena with viewing and a sound system; a covered solid wall round pen with viewing; 18 European-style stalls; and outdoor individual Triple Crown fenced paddocks.

The five-bedroom, 8,900-square-foot main residence features amenities such as a media room, an exercise room, six full bathrooms and two half bathrooms, an outdoor kitchen, an outdoor pool/spa, a three-car attached garage, a 5-car detached garage, climate control, lift and office space.

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Photo courtesy of t23e via flickr.com