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

The Unstoppable Spirit Of Entrepreneurship

Diane Durance - UNCW Center for Innovation and Entrepreneurship
Hewet60

Leadership Is Getting From Knowing To Doing

Ron Hewett - Academy Leadership
Morton300x300

What Small Businesses Can Do Now

Jim Morton - Cape Fear Community College

Trending News

New Tenants Announced For Military Cutoff Development

Cece Nunn - Mar 30, 2020

Local Businesses Respond To Stay At Home Orders

Christina Haley O'Neal - Mar 30, 2020

BIZTALK: Small Business Guidance

Staff Reports - Mar 30, 2020

In The Current Issue

Leland's Hot Diggity Dogs

Lee Kent looked out from his Leland storefront. From that vantage point, he saw seemingly endless quick-serve restaurant options, and the ad...


Info Junkie: Heather McWhorter

Heather McWhorter, regional center director for the UNCW Small Business Technology & Development Center, shares her top tech and info picks....


MADE: Hooking The Fishing Market

Eastern Metal Works Inc. is a wholesale manufacturer that designs, develops and makes marine tools and equipment for recreational and commer...

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`