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SAVE UP TO $6,097 WITH ONE-TWO-FREE.™ Buy any range—or any cooktop and any wall oven— and we’ll give you a FREE dishwasher. Add selected refrigeration and we’ll take care of the ventilation. They’re on us during our One-Two-Free™ sales event. From cooktops to refrigerators to wine coolers, you can choose from a suite of our premium products to create countless combinations, all of which mean a savings of up to $6,097 towards your dream kitchen. VISIT ThERmadOR.cOm 2014 INNER 2 014 W I NNER 914 S. Kerr Ave., Wilmington, NC 910-791-2222 • www.atlanticappliance.net Hours: Mon.-Fri, 9-6 • Sat., 10-2 No. 2500 North Lumina Avenue, unit 3D, sold in October 2014 for $1,100,000. PHOTO COURTESY OF HARDEE, HUNT & WILLIAMS likely to own for a long time. As more of these homes are built, the complexion of the island will change and real estate values will continue to escalate.” Built in 1969, waterfront with a boatslip and lift, No. 56B Pelican Drive sold in October for $560,000 and 56A Pelican closed the next day for $700,000. The buyer, who purchased both sides from two different sellers, is going to raze the lot and build a single-family home. “It will be more of a residence than a beach cottage,” says selling agent Jim Hardee of Team Hardee Hunt and Williams, ranked No. 4 in New Hanover County and No. 1 at Wrightsville Beach with 44 sales totaling just under $30 million. “That is one thing I am seeing in the market: more people buying residential homes, waterfront homes to live in versus beach cottages.” Down the street, side-by-side No. 20 A and B Pelican Drive sold in December for $1.225 million. These units totaled 6 bedrooms, 4 baths and 4 boatslips on this Lees Cut water-front property. The house was razed in January 2015. “The buyer is a local resident who lives on the beach and wanted something with better water access and a newer, more customized home on the water for his family,” Keith Beatty says. Condos Condo sales in planned developments totaled just under $23.6 million. Of these, five were fractional ownership of vacation rentals, for details, see the chart on page 48. Two condo units sold for more than $1 million: the first, 2500 North Lumina Avenue, a Wrightsville Dunes oceanfront unit, No. 3D. Then, soundfront between the fixed bridges, Unit A at Channel Avenue by the Banks Channel Causeway Drive bridge. Two Marina Street units sold, unique in their mixed-use zoning, allowing the use to be either residen-tial or commercial. No. 10 Marina Street A1 sold for $350,000 in May and the extensively remodeled A4 sold in July for $530,000 to be used as a real estate office. Vance Young says his market is what some agents are calling WBM february 2015 50


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