Eastwood Park, which is mostly 1950s brick and partial brick ranches, is located between The Plaza and Eastway Drive at East Sugar Creek Road and is adjacent to Garinger High School.

It is less than 5 minutes to Uptown, NoDa and Plaza Midwood. I-77, I-277 and I-85 access is also only minutes from the neighborhood. Eastwood Park is also ideally situated to take advantage of the expanded LYNX light rail blue line at Sugar Creek station.

Popular shops, restaurants and parks are just outside your door, as well as proximity to beautiful Charlotte Country Club.

As the price of land in and around Uptown continues to rise, people are seeking affordable options for land close to Center City. Homes in Eastwood Park are great investments as rentals or primary residences.

A 1952 ranch in Eastwood Park

Though many of the homes in the neighborhood sell in the $100,000s, a renovated, 1,654-square-foot home sold for more than $300,000 in August 2016.

Many of the homes are smaller in size, averaging around 1,000 square feet on lots of approximately one-quarter to one-third of an acre.

In the last 12 months, a total of 8 homes sold in the Eastwood Park neighborhood for an average sales price of $160,475 and $141 per square foot. Sales averaged 98.8% of list price. A renovated home sold for 106% of list price.

Currently, there is only 1 home listed for sale in Eastwood Park. It is a 1952-built ranch that is in foreclosure. It is under contract and has a list price of $100,000.

Students living in Eastwood Park currently attend Shamrock Gardens Elementary School, Eastway Middle School and Garinger High School.

The Drakeford Co.’s rezoning request included site elevation plans, including these partial elevation drawings of the proposed townhomes.

Two pieces of land are up for rezoning plans for construction of two townhome communities along Central Avenue in Plaza Midwood and 36th Street in NoDa.

The Drakeford Company plans on 16 three-story townhomes at the northwest corner of Central and Chatham avenues in Plaza Midwood that would start in the $300,000s. The half-acre plot of land is currently occupied by the building that houses Pass Time Billiards.

The site on East 36th Street is 1.35 acres and would house 36 townhomes on the land that is now Twin Oaks apartments.

Bobby Drakeford, head of Drakeford Co., told the Charlotte Observer that he sees a market for more residential space in Plaza Midwood and NoDa at a lower price point and can offer that by building townhomes.

In both NoDa and Plaza Midwood, prices are approaching and exceeding a half a million dollars for single-family residential properties in and around the areas where Drakeford plans to build its townhomes.

Currently, there are 37 residential properties for sale in Midwood, which is only 3 months of inventory given demand for that area. NoDa has slightly more inventory, with 22 properties for sale, which amounts to about 4.5 months inventory. The average price for a Midwood home is just under $420,000, as of April 12.

The Charlotte-based Drakeford Co. specializes in urban, infill residential real estate sites. The company is responsible for Plaza-Vu in Plaza Midwood, as well as several Wesley Chapel projects.

Developed in the 1920s as a streetcar suburb, Midwood underwent several phases during the Depression, which led to the diverse architecture. Many of its original bungalows have been preserved and restored to their original glory, but if it’s modern-day luxury you want then you can find that, too. There are even unrestored homes in lower price points ready for renovation or tearing down.

Homes do not tend to sit long on the market in Midwood. During the last 12 months, an average of nearly 13 homes sold per month, and that number has risen to more than 15 in the last 3 months. With only 28 homes currently on the market – and 12 already under contract – that is only about 9 weeks of inventory for Midwood. For comparison, Charlotte as a whole has approximately 3.7 months of inventory.

The highest list price is $1.175 million for a 5 bedroom, 4 bath home nearly 5,700 square feet, while the lowest is listed at $144,000 for an unrenovated 2 bedroom, 2 bathroom bungalow.

The average sales price for homes in Midwood is nearly $390,000 in the last 12 months and $395,000 during the last 3 months. The average price per square foot is nearly $205.

Gather round as Plaza Midwood merchants host their annual Fall Crawl Art Fest.  Head out to Midwood this weekend for funky finds and unique treasures as Midwood residents and artists collaborate to bring you local art in what feels like a culturally rich blockparty.  But wait a minute, this won’t be your typical art crawl.  Midwood business owners, residents and artists will have live street art featuring dance, performance art, drum circles, hooping, jewelry, crafts, cartooning, music and painting!  Plaza Midwood’s website describes the festival as a “fun-filled and culturally eclectic experience throughout the streets of the business district. In a neighborhood known for its diversity, we bet you will find some hidden gems you never knew were here!”

You won’t want to miss it!