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:
Auto Auction Company Looks To Expand Into Rocky Point
Emma Dill
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Dec 8, 2023
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Bidder Disappointment: Officials To Reconsider Strategy For Navassa Property Sale
Cece Nunn
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Dec 8, 2023
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Real Estate Group Opens New Office In Oak Island
Staff Reports
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Dec 8, 2023
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The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.