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WATERFRONTAGE Of the nearly $85 million in sales in Wrightsville Beach, 82 percent of the properties were waterfront or water view. Every lot in New Hanover County, 100 percent, that sold at $1 million and over was waterfront. “That is surprising, but not surprising,” Jessica Edwards says. “I don’t think a lot of people real-ize how many properties at that price point have some sort of waterfrontage.” Two of the top sales — $2 million and over — were waterfront lots on Figure Eight Island, No. 17 and No. 19, both selling for $2.15 million in nonrelated sales at 31 Pipers Neck Point and 260 Beach Road North. “It’s the most important factor,” Nick Phillips says. “The reason that people are drawn here is the water. Whether it is the beach or the Intracoastal Waterway, they want to be on the water or have immediate access to it. That’s what’s going to drive top sales. The buyers that want to spend over $1 million want to be on the water unequivocally.” A notable sale in this big-ticket category waterfront was Phillips’ sale at 2340 Ocean Point Drive, which sold for $3.5 million, No. 3 in the county and the top sale at Landfall. This spectacular 7,440sf home, built in 2010, offered 5 bedrooms, 8 baths and expansive ICWW and Wrightsville views across its infinity pool. The inside of the West Indies architecture was used for the interior of Grayson Manor in the pilot of the television series “Revenge.” Phillips says the transaction included the house and adjacent lot. The two were negoti-ated together with one offer for $4.85 million in a cash transaction. He says the sellers live in Manhattan and the house was not getting much use. The buyer is a tech mogul from the Triangle area who purchased the house to be a second home. “It was a lifestyle decision for them; it fit their lifestyle perfectly,” Phillips says. “Being able to buy the adjacent lot so they had plenty of room for their little boy to run and play over the next couple of years was just the perfect scenario.” The interiors of this West Indies-inspired home at Landfall were used in the pilot of the television series “Revenge.” The house at 2340 Ocean Point Drive was the No. 3 sale in New Hanover County and the No. 1 sale at Landfall. 64 WBM february 2017


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