REAL ESTATE ROUNDUP
In Carolina Beach, this seven-bedroom, four-story home at 1107 Canal Drive, with deep water dockage on the yacht basin, sold for
PLEASURE ISLAND, CAROLINA BEACH and KURE BEACH
By Jim McDonald THE highest residential sale at Pleasure Island was 438 Oceana Way in Carolina Beach, which sold for $2.2 million
cash, but the most unique might have been 406 Oceana Way, the No. 2 sale, with its unobstructed views on three
sides of estuaries, marshes and ocean.
“It was a hard house to comp,” says Paul Buckman of RE/MAX Essential, who sold the home for $1.875 million.
“The views were absolutely unique. The house had all the whistles and bells and 20 different remote controls to manage them all.
But what made it really hard to calculate a comparable value of the property was the uniqueness of the view.”
The buyers had lived and worked in Canada and Europe and had looked at homes from Topsail Beach to Carolina Beach. The
house was on the market for nine days and closed in less than 30.
Oceana Way saw a lot of action, with four of the top 20 Pleasure Island residential sales and two of the top 20 land/lot sales —
424 Oceana, which closed at $710,000, and 428 Oceana, with a sold price of $652,750.
A four-story, seven-bedroom (each with deck), canal-front home with deep water boat dockage and gazebo at 1107 Canal Drive
sold for $1.845 million. It boasted 200-plus windows in 6,680 square feet. The 100’x160’ lot offered parking for eight vehicles.
Shanon Ives of Coldwell Banker Sea Coast Advantage sold a 5,000 square foot lot on North Carolina Avenue for $470,000 cash.
It has an unobstructed view over the public beach access area.
“I think Carolina Beach and Kure Beach in general have been waiting to get to these values for a long time. Prices are where
they should be and people are paying it because they are seeing the value,” says Ives.
Ten of the top 25 residential sales in Kure Beach were all oceanfront along Fort Fisher Boulevard, including 628 Fort Fisher
Blvd. N. and 514 Fort Fisher Blvd. N., both selling for $2 million.
Hiram Tucker of Tucker Brothers Realty says the welcoming climate attracted many buyers.
“I lived in North Dakota for two and a half years, and I know what it’s like to live in the cold climates,” he says. “If you have to
go out in the morning and scrape ice from car windows that could make a difference on where you want to call home.”
Tucker says that year-over-year sales activity on Carolina and on Kure beachs was roughly the same.
“But it’s not that the market is flat,” he says. “It’s a lack of inventory. If we’d had more inventory, we could’ve sold it all.”
Pat Bradford and Christine R.Gonzalez contributed to this text.
COLDWELL BANKER SEA COAST ADVANTAGE