Lake Waccamaw Named Top 25 Small Lake Towns

Whether it is for a vacation home or to live in a quiet town, Lake Waccamaw has a lot to offer.  Actually the lake was recently named to the “Top 25 Small Lake Towns We’re Seriously Obsessed With“.   Additionally the Country Living article ranked the quaint little lake town as #6 in the country!  It is such a small town, I would venture that most people living an hour or more away, have not visited to take in the experience.  This jewel has been a secret hiding spot for a long time.  A traveler in 1733, upon seeing the lake stated, “This is the pleasantest place that I ever saw in my life”.  So why is this small Columbus County town so highly ranked and liked?

Lake Waccamaw NC things to doThings to do in Lake Waccamaw

  • Take the Lake
  • State Park (hike, swim, picnic, camp)
  • Depot museum
  • Campground
  • Fish, waterski, canoe, sailboating
  • 4th of July fireworks
  • Dining

Over Labor Day weekend, the lake is host to hundreds of participants that try to “Take the Lake”.  This is a unique fitness oriented, free event for anyone from young children to senior citizens.  The good thing is it is not a race!  From Saturday – Monday, events include a 16 mile walk/run, 14 mile paddle, 16 mile bike & hike, and finally 4 mile swim.  If you really want a challenge, try the “Take the Lake Extreme”.  This event is for those that attempt to complete all 4 events in one day.  It is purely to promote health and to enjoy the beauty of the large natural freshwater lake.

So what do you do the other days of the year?  First of all, Lake Waccamaw is not a highly commercialized area.  But there are lots of things to do and most are outside.  The state park which is located on the backside of the lake has something for everyone.  There is a museum to learn the lake’s history.  Additionally, there are hiking trails, picnic and camping areas, and a pier to access the lake.  On the 4th of July, many will hop on a boat, sit on a pier, or park by the road to see the fireworks shot all around the lake.  Because the lake is such a large freshwater lake, there is plenty of room for you to enjoy the water.

Want something to eat?  Check out Dales Seafood or Gracie’s Steak and Seafood!

So does the lake sound like a place you could live or vacation?  Let’s talk about the real estate!

Lake Waccamaw Real Estate

An advantage of a small town is that usually real estate prices are low overall.  It is actually possible to buy land in the teens within the town limits!  Of course, on the lakefront prices are much higher.  But in comparison to other waterfront areas like the ocean, intracoastal, or other lakes, it is within reason.  Recently, the local market has experienced a slower recovery than surrounding Brunswick and New Hanover counties.  So the good news is this makes the lake a buyer’s market right now!

Lake Waccamaw property tax rates may be found on the Columbus County Tax Office website.  To learn the property tax rates, property tax values, and other public records, check out this article.  To find out the actual property tax amounts, you would need to call the town billing office 910-646-3700.

There are a few local employers such as Top Tobacco, government jobs, Boys & Girls Home, & local schools.  Although, residents of the lake typically travel for employment.  But employment commutes are not far to areas such as Wilmington, Whiteville, and Brunswick County.

Our State Magazine – The Natural Lake!

Lake Waccamaw Home Loans Available

Whether you are a first time or other buyer looking for 100% financing, retired Veteran looking for no money down, purchasing a second home on the lake, or someone looking to relocate to enjoy what the lake has to offer, we have the mortgage options to meet your needs.

Mortgage Options That Fit Perfectly for lake living include:

  • USDA – 100% financing available in the whole county
  • VA – 100% financing up to $424,100 or VA Jumbo loans to purchase a high end propertylake waccamaw nc real estate
  • Reverse Mortgage – Seniors 62 or older can use a reverse mortgage to purchase or refinance a home with no payments required **
  • Jumbo Loans – Buy a luxury home with a loan over $424,100
  • FHA – A low down payment option available that is flexible on credit
  • NC Housing Products – MCC Tax Credit up to $2000 per year or Down Payment Assistance
  • Investment Properties – Build your investment portfolio with a rental property
  • Purchase/Rehab – Found a home that needs work?  Roll it all into one loan!

So, if you are looking to buy a home, give our local mortgage team a call today!

** borrowers must continue to pay property taxes and applicable insurances on the property.

Lake Waccamaw Homes for Sale

Local Realtors serving the lake possess thorough knowledge of the real estate market.  This knowledge can help both buyers and sellers.

 

Author: Russell Smith

Team Move OVM Financial loan officer success is Russell’s primary focus. He provides the tools and techniques he used as a top producing loan officer. Additionally he offers the Team Move OVM Financial Agent Training Program. Sharing is so important to Russell so he works diligently to be a resource to loan originators and Realtors.