2700 N. Lumina Ave #306
Shell Island Resort
1 Bd / 1 Full Ba / 526 SqFt.
A fantastic oceanfront 3rd floor unit on
7B W Atlanta Street
4 Bd / 3 Full Ba / 1,788 SqFt.
Amazing home with sound front views and
a 25’ boatslip within walking distance to the
heart of Wrightsville Beach.
2514 N Lumina Avenue, #3B
3 Bd / 2 Ba / 1,452 SqFt.
Oceanfront, top floor condo opportunity at
Wrightsville Dunes in Wrightsville Beach, NC.
THE condo market at
Wrightsville Beach is
made up of units in large
scattered about the
two-island town, including ocean-front
Duneridge Resort and Station
One. Realtors are dealing with static
inventories; these units were largely
developed from the early ’70s to early
’90s. Barring massive redevelopment
or rezoning, there won’t be any future
development of this type on the
island. Without competition, these
condos remain relatively expensive.
“The demand for condos was brisk
this year as it was for all other island
properties,” Randall Williams
says. “But despite brisk sales, and some
surprisingly high prices ($1.65 million
for one Wrightsville Dunes unit) we
still have not seen a full recovery in
condo prices on average since the bust
One reason may be that at this price
point buyers often look at alternatives,
like a second- or third-row single family
home, or a townhouse. But as those
property values increase, the condos
remain attractive. They have the advan-tage
of amenities, views and convenience.
Carla Lewis, broker with Intra-coastal
Realty, noted that anything in
the condo market mainly sold in the
first week with multiple offers, espe-cially
the ocean front properties.
“A lot of people who are buying
second homes want a place where they
can lock and go. A condo with all its
amenities, and a lot have pools and
tennis courts, it allows owners that
freedom where they feel they can lock
it up and leave,” Lewis says.
“The level of modernization of
a particular unit is one of the biggest
components of its value. As long as
homeowners’ associations maintain
their infrastructure, the condominium
market will remain relevant indefi-nitely,”