"It actually was under contract its first day on the market," Phillips said. "It was such a spectacular property, truly one-of-a-kind."
The luxury market's indicators have been strong recently in the Wilmington area, according to recent reports. Phillips said the Pipers Neck Road transaction is another of those signs.
"I think that sale is a very good indicator for the luxury market in 2019," he said. "Buyers continue to have strong optimism about luxury properties."
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.