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:
Lower Cape Fear LifeCare Hires Communications Manager
Staff Reports
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Dec 10, 2024
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Local Execs Talk AI, Industry Shifts At Economic Summit
Emma Dill
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Dec 10, 2024
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Museum Announces Board Chair, Four New Members
Staff Reports
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Dec 10, 2024
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Mangum Joins Haven Acupuncture & Chinese Medicine
Staff Reports
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Dec 10, 2024
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Capone & Associates Announces Addition Of Kiser
Staff Reports
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Dec 10, 2024
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.