Oceanfront property values are a major economic driver in our region. It doesn’t take an economist to understand why: The oceanfront owner enjoys private views and direct access to the beauty of the ocean and beaches, as well as all other private property rights. That leads to higher prices for oceanfront property, which helps fund other sectors of the economy.
This past November, the N.C. Court of Appeals ruled that the privately owned “dry sand beach” (in front of your beachfront property) is subject to “public trust” rights that allow “enhanced public access” to that beach area.
Translating from legalese, this means that unless the case is overturned by the N.C. Supreme Court, as an oceanfront propert ownery:
Commercial Real Estate Alliance Recognizes Annual Award Winners
Staff Reports
-
Mar 25, 2025
|
|
Rotary Legacy Award To Honor Merritt
Staff Reports
-
Mar 25, 2025
|
|
Wilmington's First Chase Bank Proposed On Former Wild Wing Cafe Site
Emma Dill
-
Mar 24, 2025
|
|
McLamb Returns To Coldwell Banker Sea Coast Advantage Office
Staff Reports
-
Mar 25, 2025
|
|
New Office Building Planned Off Market Street
Cece Nunn
-
Mar 25, 2025
|
SeaSide Silk Screening handles a variety of jobs for local customers and beyond, from T-shirts for local events to safety jackets that need...
Mouhcine Guettabi, Wilmington’s regional economist and an associate professor of economics at the University of North Carolina Wilmington, s...
Executive actions and memos issued by President Donald Trump’s administration have created uncertainty for many local groups, forcing them t...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.