Selling Waterfront Property
Our firm has been busy this year with our waterfront buyers and sellers. The market is hotter than ever and demand is high for unique properties with stunning views.
What made this property so special was the unique location, which was waterfront on Big Lollipop Bay allowing for stunning sunsets and sunrises. The sales price was a testament to the value added by the boat ramp that was grandfathered in as well as 4 deep water boat slips. This closing set an all time record for highest sales price at Lanier Property Group and puts Mandy in the company of top producing agents in our area.
In March, Stephanie Lanier helped buyers close on 6320 Head Road, a $1,335,000 dollar waterfront property with sweeping views of Hewlett’s Creek on 3.2 acres, and four deep water boat slips, including a brand new dock and a two bedroom guest cottage on the property.
Right down the creek Stephanie currently is marketing Osprey Landing, a waterfront community with half acre lots and proposed boat slips. Lot prices and final details are expected soon and demand is high for water access and views in the heart of Wilmington. Click on the link for more details or to sign up for email updates.
Market stats for New Hanover county for March of 2019 vs March of 2018 will make your eyes widen. Days on Market is down 25%, meaning we are deep into a sellers market. On top of that, the average sales price has soared. Click here to find out more about what the market is doing and how quickly it is changing.
If you want to find or sell your slice of waterfront paradise, Mandy and Stephanie would love to chat with you about it.
Waterfront Property Considerations
for buyers and sellers from the Pros:
Dock and condition
Boat lifts and their condition
Bulkhead and condition
Easements & Survey issues
Flood Zone Implications
Boat slip lengths
Tides and how they may affect slip usage
HOA community docks, implications, costs, assessments and dredging
FEMA 50% rule