Ultimate Guide to Buying a Wrightsville Beach Condo for Sale

Building by building what are the Wrightsville Beach condos worth? What are the HOA condo fees? How much are the different size units worth in each building? What should I offer? etc.

Shell Island ResortShell island Resort is known as a condotel. That is to say it is overwhelmingly owned by investors who rent their units out on vacation rental programs where a new renter (usually vacation rentals) occupies each week. They have great returns $$$$ profits, but I'll save that for another post. All the units are 2/2s. In other words they are 2 bedrooms and 2 bathrooms and usually sleep 6-8 with oceanfront views of course. currently there 6 active listings for sale. Usually there are 4-5. What are they worth and what are the nuances?

Shell Island Resort Values1. The lower floors such as 2-4 sell for $230-240,000

2. Most other floors that are interior units (not end

units with beach views from 2 different sides) sell for

$240-260,000. An 8th floor unit sold for $265,000

in July 2013.

3. The end units is where the values go up. Even on

lower floors they can sell for upper $200 and mid-

level floors and higher are worth $300,000 for the

end unit Shell Island Resort Condos.

Amenities and HOA:

$525/month Cable, Community Pool, Ext. Bldg Maint, Fitness Center, Flood Insurance, Laundry Facility, Management Fee, Water, OtherNeighborhood AmntyExercise Room, Laundry Room, Pool

All Wrightsville Beach condos for sale can be found here http://wilmington-real-estate.com/wrightsville-beach-condos-for-sale-nc-and-foreclosures/

Almost no banks offer mortgages on this condo, but I have a lender who does.

Wrightsville Dunes Condo Wrightsville Dunes are the bomb. They are one of the most high end condos in Wrightsville Beach. With just a few sales a year they are hard to come by. They range in square footage from 1444 up to 2240. "Community offers multiple pools, multiple private beach access, private tennis, and ample parking for owners & guests." So what are they worth and what are they closing for?

Wrightsville Dunes1. The units with 1450-1550 square feet are

listing for 675-700,000 on the 2nd floor the

2A and 2B units. The nuts have 2 baths.

However the "Sterling Edition" units are

worth $730-750,000 and have 3 full baths.

2. Top floor units on the 3rd floor are worth

in the $800s and 900s. The last one closed

for $900,000 but that was 2/13/2012 and

prices have come down since then for the

market.

3. The largest size home which is an end

unit list at $1.5M but their value is up in

the air right now as they sell very rarely.

Amenities and HOA:

$460-475/month Cable, Community Pool, Ext. Flood Insurance, Tennis, Termite Bond, Neighborhood Amnty Pool, Tennis

Cordgrass Bay

Cordgrass BayOverlooking Wrightsville Beach “lolly pop” on the north side, the units come with community boat dock and either ownership or lease of 24’ boat slip.

2 units sold in 2012 for $550,000 (1320 square feet) and $600,000 (1556 square feet) respectively.

Units with less exhilarating views list lower at $529,000 to start.

Duneridge Resort

Almost all the units at Duneridge Resort condo are 1400 square feet. There is a larger 3 bedroom 3 bath size which is very rare with 1800 square feet.

Duneridge Resort

1. Mostly the units list in the 800-850 range depending on renovations and have 1400 sq ft.They are

usually worth $840-850,000. Top floor units can be worth in the low 900s.

2. The last one sold for $875,000 that was a 3 bedroom unit with 1800 square feet. However as you can

imagine is was not renovated at all. If it was in top condition it could have listed for $1,000,000 and

sold for $950,000. In fact a smaller unit sold for $925,000 last year (prices are down since a bit), but it

was renovated and on the top floor.

Amenities and HOA fee: $480-$520/month 240 people Club House, Pets Ok, Pool, Tennis

Community Pool,

The Islander CondominiumThe Islander Condominium condos range in size from 1100-1425 square feet. The great majority of sales are in the $500,000s.

The Islander Condominium

1. Units range from 1100-1482 square feet.2. The condos are worth $500-530,000 most of the time. End units that such as the #A tier carry much more value with ocean views on 2 walls. #3A unit just closed 9/13/2013 for $600,000. 3. A higher end unit could go as high as $700,000. they are very rarely available.

Amenities and HOA fee:$447/month for smaller units 1100 sq ft. and $525 for larger units. Elevator service, covered loading/unloading, ample parking On-site management, private tennis court.

Summer PlaceIn this boutique condominium only 2 units sold in past year. They offer great value for those wanting to be very near one of the classiest beach on the east coast-- Wrightsville Beach condos. Centrally located on the island within short walking distance to the beach, Mercer's Fishing Pier, local eateries and shops. less than 400 feet to the beach strand.

1. units are 550-575 square feet.2. Units sell for $200-$215,000. Last unit sold in 2 weeks.

Amenities and HOA fee:

$378/month No amenities

Station One Condo

Units range 942 - 1504 square feet. Most units sell $500-525,000 for the units 1100 square feet and under. You can from the photo on the next slide it has as good as a view with landscaping and pool that you can be found on the island.

The larger units have sold for $849,000 and $845,000 in the Summer and Fall of 2013. They can be 3 bedroom condos or townhouses.

Amenities and HOA fee: $440-610/month lush grounds, pool, clubhouse, tennis court, basketball court, stainless grille's and picnic area. garage with overflow parking for owners and guests.

Station One

Seapath TowersSeapath Towers condo is a landmark of sorts for Wrightsville Beach as it marks your entry onto the island crossing the bridge. It overlooks the ICW -- intractoastal wateway (ICWW) with gorgeous views. Some units come with boat slips and slips are available for rent as well. It truly offers a low maintenance version of the boater’s life.

Seapath Towers forsale

Units are 1050-1100 sq ft. Usually they sell for $350-375,000. However depending on the floor and views they can sell easily for $450,000.

Amenities and HOA: Fees are $375-410/month. pool, tennis, grill and picnic area, lounge w/wet bar, bike storage, plenty of parking

Seacrest Villas

Seacrest Villas is near Seapath Towers and along Motts Channel. So top floor can have some partial water views. Walking distance to Marina district restaurants such as Bluewater Grille, etc. Located steps away from Atlantic Marine & Marine Max dry storage boating facility

The lower units sell for $260,000 and the higher units if very renovated are worth $315,000.

Amenities and HOA fee: $350/month. Boat slip lease available.

Channel Walk

Channel Walk townhouses on Lees Cut off of the ICW Intracoastal Waterway offer both waterfront $$$$ and interior Wrightsville Beach townhouses for sale.

Channel Walk

The Channel Walk townhouses have 3 tiers of value--waterfront and interior lots and interior lots with some “unobstructed” water views. The waterfront units come with 35 foot boat slips.

The square footage of these units range from 1300-1800 square feet.1. The smaller interior units are just worth around $250,000.2. The mid-size units with some water views are $350-390,000.3. and the larger waterfront homes that are the bomb in a class by themselves are closing for $735,000 and $775,000 in the past year.

Amenties and HOA fees: Fee is $320/month and those with a boat slip pay $700/annual in addition. There is a neighborhood pool.

Lees Cut at ChannelThis townhouse community is very similar to Channel Walk sharingviews of Lees Cut off the ICW. Units vary depending on lot waterfeatures.

Lees Cut at Channel

Units range from 1385-1547 square feet. The primary distinguishing feature though is whether the unit fronts the water or not. Most units have 25’ or 30’ boat slips.

The interior units are worth $460-485,000 and the waterfront units have been closing for $680,000. 2 of those sold in 2013 for same price.

What is interesting is that one was listed for 699 and the other for 759,000...but both ended up at same place. The market value usually rules over any list price games.

Lumina Club Townhouse

Townhomes come with assigned boat slips and practicall have their own private beach. Units are 1600-1800 sq ft and sell for $485,000-600,000 depending on renovations.

Lumina ClubTownhouse

Moorings Condo

Moorings Condo

This is a very small community of townhouses that boast 55 foot boat slips on Harbor Island. The price range from $500-650,000. Usually they close $575-600. A foreclosure in original condition sold $426,000 last year 2012.

HOA fee is600/month

Right here you can view all Oceanfront real estate in Wrightsville Beach.