Real Estate - Residential

Mar 17, 2023

Brunswick Owners Receive New Tax Values

By Cece Nunn, posted Mar 17, 2023

Brunswick County property owners have received their new tax values as a result of this year’s required revaluation process. Looking at the county as a whole, the median tax value increased 55%, but there were areas that increased less or more than that, said Meagan Kascsak, Brunswick County’s communications director, in an email. “Property values d ...

Mar 14, 2023

Real estate commissions – and how they’re split – are issues at the heart of a lawsuit brought by four former Coldwell Banker Sea Coast Advantage agents. The attorney representing the Wilmington-based real estate firm in a class action lawsuit said Monday that the suit “is flawed both legally and factually.” The lawsuit, filed ...

Mar 13, 2023

Crews Break Ground On Apartments In Scotts Hill Development

By Staff Reports, posted Mar 13, 2023

A Wilmington-based commercial real estate and development firm has broken ground on an active adult apartment community in Scotts Hill. Oak Grove at Blake Farm, located in the Blake Farm community, is expected to hold 186 apartments targeted toward residents ages 55 and older, "allowing them to maintain and promote a life of healthy and active living," accordi ...

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Mike Harrington
Carolina Retreats

Fall Vacation Rentals and Rising Cost of Real Estate

Posted Jun 15, 2022
What we know is that the pandemic has created many “converts” out of guests that would previously have never considered a vacation rental. Because there are many advantages of having a complete living space, whether condo or cottage, that includes a living room and full kitchen, these converts are here to stay. Particularly given the fact that prices are comparable, and oftentimes entire article
Mar 9, 2023

Luxury home sale numbers slowed in February, dropping to their lowest point in more than two years, according to a report compiled from the N.C. Regional Multiple Listing Service. In New Hanover, Brunswick and Pender counties, the MLS recorded 30 home sales in the $1 million-or-more range last month, compared to 39 in February 2022. According to the report by Wilming ...

Mar 6, 2023

Porters Neck Townhomes Change Hands For More Than $15M

By Staff Reports, posted Mar 6, 2023

Florida-based investors bought a townhome community in Porters Neck last week for $15.25 million. RAS Realty Partners purchased the 34-unit Beaumont Oaks at Porters Neck Townhomes, according to a news release. The transaction was brokered by Wrightsville Beach-based Cadence Realty agents Evan Barton, Max Smith and Ross Tomaselli.   The property, which RAS bought ...

Mar 3, 2023

A new residential building permit application in New Hanover County aims to streamline the process for single-family home builders. "The creation of the Residential New Single Family building permit was made possible by working with our building community to simplify workflows and build upon improvements we’ve completed," sa ...

Feb 28, 2023

Construction has begun on an affordable senior living apartment project at 205 Middle Sound Loop Road in Wilmington. The developers of the Residence at Canopy Pointe, a three-story building with 72 units on about 5 acres, recently celebrated breaking ground on the project along with local officials (pictured below). The property was annexed into the city of Wilming ...

Feb 28, 2023

Wilmington-based Firm Earns Top Coldwell Banker Rankings

By Staff Reports, posted Feb 28, 2023

Coldwell Banker Sea Coast Advantage, along with the Coldwell Banker Advantage family of companies, was recently named the No. 1 affiliate in North America for both total closed units and adjusted gross commission income by Coldwell Banker Real Estate LLC, according to a news release. This is the second consecutive year that the firm has earned the No. 1 national ranking ...

Feb 24, 2023

Plaintiffs Awarded $30M In Hurricane Contractor Litigation

By Johanna F. Still, posted Feb 24, 2023

A construction company has been ordered to pay a combined $30 million resulting from several judgments related to its allegedly fraudulent activities in obtaining contracts to work on Bald Head Island homes damaged by Hurricane Florence.  The cases surround the alleged illegal conduct of Disaster America USA LLC and its subsidiary, Disaster America of North Carolin ...

Feb 23, 2023

Developers want to put more than 520 residential units on 72 acres at the corner of Holly Shelter and Blue Clay roads in Castle Hayne. A site plan shows the project could hold 240 apartments on 24 acres and 288 cottages on the remaining 48 acres. Raleigh-based Stout Operating Firm LLC and Paramoute Engineering Inc. are holding a community meeting on the proposal, whi ...

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In The Current Issue

Brunswick Owners Receive New Tax Values

Brunswick County property owners have received their new tax values as a result of this year’s required revaluation process....

Brunswick Rides Wave Of Tourism Boost

This spring, new TV advertisements for Brunswick County’s island beaches will run in markets across the mid-Atlantic region, including citie...

Swinging Big With Custom Golf

Cameron Lee sees a lot of parallels between golf and life: You have to make good decisions, evaluate risk versus reward, be smart and be hon...

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2023 Power Breakfast: Major Developments