Beach Renourishment Means Great Investment Opportunities!

More than 500,000 cubic yards of sand is coming to the Ocean Isle Beach strand during 2010.
The town is scheduled for another beach nourishment project, which should be the largest project of the year.

There are a number of oceanfront properties  in this area that are priced lower due to the decreased beach out in front. This project may be likely to add value to these “bargain priced” homes.

The sand will be placed as far east as Shallotte Boulevard and as far west as Concord Street.

“This will go the furthest west than any renourishment has gone since original construction in 2001,” Ocean Isle Mayor Debbie Smith said.
Ocean Isle Beach has contracted with the Corps of Engineers in a 50-year, $150 million contract for beach renourishment.
Smith said the beach renourishment project is coming at a good time for the east end of the island, which has had quite a bit of erosion recently.
“Right now most of it’s OK, but some of the eastern regions are getting narrower where they don’t offer the protection they need in case of a storm,” she said.
Smith is also hopeful about hearing a positive response from The Coastal Resources Commission (CRC) regarding the possibility of the town building a terminal groin at the east end of the island. The CRC has undertaken feasibility studies, which Smith hopes will help persuade the General Assembly the structures are necessary in the effort to fight beach erosion.
Currently these structures are not permitted by law.
Thee studies began earlier this year after a bill to make terminal groins legal stalled in the N.C. House. House Bill 709 was meant to “address erosion control issues,” and would give permission to the CRC to conduct a study of the feasibility and advisability of a terminal groin as an “erosion control device.”
Mayor Debbie Smith said that she hopes the House take positive action.

Foreclosures bad for some – good for you!

*Foreclosure can unfortunately be really bad news for some people, but the upside is that absolutely incredible deals can be made by a purchaser who knows about them.  Currently there are three bank owned homes in foreclosure on Ocean Isle Beach (none on Sunset Beach or Holden Beach):

405 East Second Street   – 3 bedrooms, 2 baths at $341,900!
Unit 1004 Ocean Point Condominiums – 2 bedrooms, 2 baths at $509,000!
291 West Second Street – 8 bedrooms, 8 baths with pool at $820,000 (gorgeous)

And there is one oceanfront lot at Holden Beach (no lots at Ocean Isle or Sunset):

148 Ocean Boulevard East at $629,000

These four properties ( and all foreclosures) are sold “as is” and “where is” and to submit an offer you will need proof of funds or a loan approval letter from your bank.  If you’re considering a purchase on one of these lovely Islands this might be the opportunity you’ve dreamed of – check them out.*

Coastal Real Estate Is Starting To “Happen!”

Here at the beach (Ocean Isle, Holden, and Sunset Beaches) the real estate market continues in its recovery but  there are still potential buyers out there who are waiting “for the market to improve” or for the market “to hit the bottom”.

We’ve really moved beyond that and are urging buyers to take advantage of the near record low interest rates and also the bargains that are right here at the beach.  People are looking and people are buying so please don’t miss the good ones and regret it later! I have seen a great uptick in activity in recent weeks. I had three appointments with interested buyers just this past Saturday alone!

In my 30 plus years in Real Estate in the area I have never seen such an opportunity. I know the media is “selling” gloom and doom but if you are looking for a great investment property or have dreamed of one day owning your own beach or golf course community home or condo there really couldn’t be a better time to make a move.

Almost all news networks are reporting that major economists are speaking of “green shoots” appearing in the financial markets and most particularly in the housing market. Yes!

Any “on the fence” buyers need to cross over and take advantage of the low prices of beach and golf real estate as well as the incredible interest rates currently being offered.

You might have seen the television commercial lately showing people kicking themselves, one after the other, and the ad wraps up by saying you might kick yourself later on if you don’t take advantage of buying real estate in this market.

Beach Real Estate On The Rise!

Well, maybe it’s finally official.  Today almost all news networks are reporting that major economists are speaking of “green shoots” appearing in the financial markets and most particularly in the housing market.
Yes!  Any “on the fence” buyers need to cross over and take advantage of the low prices of beach and golf real estate as well as the incredible interest rates currently being offered.  You might have seen the television commercial lately showing people kicking themselves, one after the other, and the ad wraps up by saying you might kick yourself later on if you don’t take advantage of buying real estate in this market.

After a forecasted brief rain tonight the weather is looking gorgeous for this Easter weekend at Ocean Isle Beach and neighboring Holden and Sunset Beaches.  ‘Tis the season in more ways than one to come on down to the coast and check out the beauty and the bargains!

Call Toll Free: 1-800-708-4402

Cell: 910-619-7673

Fax: 1-910-754-(7677)

Email: Martha@Pope-RealEstate.com

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