Print
Real Estate - Residential

Unique Landfall Home Among Luxury Properties Listed Last Month

By Cece Nunn, posted Oct 9, 2019
The home nicknamed "Three Bridges" in Landfall was listed in September with an asking price of nearly $4.5 million. (Photo courtesy of Intracoastal Realty Corp.)
One of the most unique luxury homes in the tri-county area went up for sale in September, according to a report released Wednesday.

The estate at 1035 Ocean Ridge Drive in Wilmington is one of 30 properties with a seven-figure asking price in New Hanover, Brunswick and Pender counties that were listed last month.

"The home is nicknamed, 'Three Bridges,' because it is made up of three structures, all connected by bridges," stated the report, compiled by Wilmington-based Just For Buyers Realty from the N.C. Regional Multiple Listing Service.

The property, listed by Vance Young of Intracoastal Realty Corp., includes a 5,000-square-foot main house with two bedrooms and a three-bedroom, three-bathroom lighthouse inspired by Nantucket. The waterfront property, shown in an Intracoastal Realty video, sits on two-and-a-half lots in Landfall.

"With an asking price of $4,475,000, it is the most expensive new listing to debut in September," the report stated.

September was an active month in the luxury housing market, according to the report.

"In addition to the new listings, another 16 homes with a combined value of $27.8 million sold during the month," the report stated. "New Hanover County led the way with 10 of those sales. Five were located in Brunswick County, and one was in Pender County."

Hurricane Florence, which made landfall near Wrightsville Beach on Sept. 14 last year, left little doubt that September 2019 would be better.

But this year's monthly sales have been outpacing last year's.

“Obviously, last September’s numbers were pretty easy to beat,” said Kathleen Baylies, broker in charge at Just For Buyers Realty, in the report. “But 2019 sales have outperformed last year for four months in a row now. Looking at the number of luxury homes that went under contract last month, it’s likely October will be the fifth month in a row that high-end homes have exceeded the same month from the previous year.”
Ico insights

INSIGHTS

SPONSORS' CONTENT
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Encore Career – As An Entrepreneur

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Mike stonestreet 300x300

How To Handle Increasing Member Assessments

Mike Stonestreet - CAMS (Community Association Management Services)
Carolinemontgomery4

Don't Procrastinate - How Waiting To File Your Taxes Can Hurt You

Caroline Montgomery - Adam Shay CPA, PLLC

Trending News

Are Real Estate Development Proposals Slowing Down? Not Exactly

Cece Nunn - Feb 14, 2020

Wilmington Clinical Research Firm Partners To Expand Trials

Christina Haley O'Neal - Feb 14, 2020

In The Current Issue

First Edition: A View From The Start

The Greater Wilmington Business Journal first hit the stands 20 years ago, in February 2000. To mark the anniversary, founder Joy Allen shar...


Drawing On Leadership Skills

LS3P’s Laura Miller has had a hand in many projects over the course of her nearly 20- year career as an architect. But her passion for the i...


Propelling ILM's Future

In the decades since, ILM’s route map has opened up as passenger levels increased and additional airlines came, but airport officials say th...

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`