LOCAL SPOTLIGHT | EXCEPTIONAL LUXURY WATERFRONT WRIGHTSVILLE BEACH, NC
Exceptional luxury waterfront. Presenting 3,909 square feet of some of the finest, high-quality interior and exterior finishes complimenting a property. This property was constructed to the highest standards. A wealth of sunlight highlights this waterfront masterpiece with a private dock, gazebo, and two 25-foot boat slips. Three levels of ipe decking and a private Read More…
VIEWPOINT ESTATE IN CHATHAM CHATHAM, MA
Seaside sophistication in a world-class setting! The lure of breathtaking water vistas and the appeal of luxurious appointments can be found in this grand waterfront property known as ”Viewpoint Estate.” An unparalleled location, the secluded 5.2-acre setting offers panoramic water vistas of Oyster Pond River, Hardings Beach, and Nantucket Sound. Set atop an elevated bluff surrounded by 1,130 feet of shoreline, the owners painstakingly Read More…
LUXURY BEACHFRONT VILLA IN GREECE CRETE, GREECE
A luxury villa of 900 square meters surrounded by 4.875 square meters of green gardens located in the Elounda area, Crete. The residence features a private swimming pool overlooking the sea through a private sandy beach. The villa is built on three floors and the complex includes a guest house and a guest house next to the beach completely equipped to host numerous guests without interfering with the privacy of the main Villa. The first guest house offers a living room… Read More…
Bald Head Island, NC (February 18, 2020) – Bald Head Island
Limited, LLC and Intracoastal Realty Corporation are pleased to announce the
sale of Bald Head Island Limited, LLC’s residential real estate brokerage
sales and vacation rental-property management businesses to Intracoastal Realty
Corporation, and the opening of Intracoastal Realty offices on Bald Head Island.
In addition to Intracoastal Realty’s purchase of Bald Head
Island Limited, LLC’s residential real estate brokerage sales and vacation
rental-property management operations, the transaction will comprise the
purchase or lease of several properties on the island, including the real
estate brokerage sales office at 4 Marina Wynd near the island’s ferry landing;
the vacation rental-property management laundry/housekeeping facility located
on Edward Teach Wynd Extension; and part of the Island Chandler building at 6
Marina Wynd, which currently houses the vacation rental-property management
office. The sale is expected to close on or around February 24, 2020.
Intracoastal Realty’s residential real estate brokerage
sales office on the island will be managed by Ken Mowbray, previously
broker-in-charge for Bald Head Island Limited Real Estate Sales. Rob Wright and
Wendy Irick, broker-in-charge and general manager for Bald Head Island Limited
Property Management, respectively, will work for Intracoastal Realty on the
island in their same roles. Bald Head Island Limited, LLC will continue to own
and conduct developer real estate sales and operations on the island, including
the Southern Living Inspired Community at Cape Fear Station.
“Intracoastal Realty’s expanded presence on Bald Head
Island creates a sustainable third-party residential real estate brokerage
sales and vacation rental-property management platform positioned for growth,”
said Chad Paul, CEO for Bald Head Island Limited, LLC. “The strength of the
Intracoastal Realty brand, their global reach, and the company’s proven success
in the region’s residential real estate brokerage and vacation rental-property
management markets is an unbeatable combination for serving the island’s
current and future needs,” Paul said.
Led by Founder/CEO Jim Wallace and his son Trey Wallace,
president, Intracoastal Realty operates 14 other real estate brokerage offices
in Brunswick, New Hanover and Pender Counties. The company’s real estate sales
volume for 2019 was approximately $1.2 billion.
Trey Wallace (left), Jim Wallace, and Chad Paul
Trey Wallace stated Intracoastal Realty is poised to come
out of the gate strong, but deliberate. “In the coming months, we’ll be working
with Bald Head Island Limited’s team to seamlessly transition the residential
real estate brokerage and vacation rental-property management businesses onto
our operations and marketing platforms. The process will be gradual as we look
to marry the best aspects of both companies and leverage Bald Head Island
Limited, LLC’s tremendous employee talent pool,” said Wallace.
“This sale furthers Bald Head Island Limited’s goal of
transitioning legacy assets to a diverse and competent group of third-party
owners, operators and stakeholders,” said Paul. “With Bald Head Island in a
mature phase of development, continued diversification of business ownership
supports the island’s long-term health and viability.”
“This
is a relationship business, and it’s not only about relationships with your
clients, but also relationships with your agents, employees and the community
as a whole,” Wallace said. “Our company is
committed to serving the entire Bald Head Island community for the long term.
Ultimately, our objective is to become the market leader in residential real
estate brokerage sales and vacation rental-property management on the island,
one relationship at a time.”
“Bald Head Island property owners couldn’t ask for a better
residential real estate brokerage steward than Intracoastal Realty,” said Paul.
“They have an outstanding reputation for integrity and real estate sales
success and are committed to serving the island’s needs for decades to come.”
About Bald Head
Island
Bald Head Island is a ferry-accessed community located two
miles off the coast of Southport, NC. Transportation on the island is
restricted to golf carts, bicycles and pedestrian traffic. Of the island’s
12,000 acres, 10,000 acres of beaches, salt marsh and maritime forest are
protected and will remain undeveloped. To learn more about the island, visit baldheadisland.com.
About
Intracoastal Realty
Intracoastal Realty is a full-service
real estate brokerage specializing in residential real estate, property
management (long-term and vacation), and project development. Founded in 1976, the company now has more than 400 agents and has grown to become coastal North Carolina’s largest independent real
estate firm. Market-leading technology, strategic marketing, and a teamwork
approach are Intracoastal trademarks. As an independent brokerage, Intracoastal
invests its revenue into technology, marketing, agent training, and community
organizations throughout southeastern North Carolina. Through its affiliation
with Leading Real Estate Companies of the World®, Luxury Portfolio
International® and Mayfair International Realty, Intracoastal delivers turn-key
service to clients locally and globally. For more information, visit IntracoastalRealty.com.
Lanier Property Group, a top-selling independent
real estate firm based in Wilmington, NC announced Tuesday that it has merged
with Intracoastal Realty – the largest independent real estate brokerage in
Southeastern North Carolina.
Stephanie Lanier (co-owner of Lanier
Property Group) and the firm’s agents will continue to operate in their team
model under the Intracoastal Realty brand.
The merger of the two family owned and operated independent brokerages
allows Lanier Property Group’s agents access to valuable marketing, technology,
and training tools that positions them for great success.
Stephanie Lanier
“Intracoastal Realty is the top real
estate brand in the area. As a local
independent firm, we never considered joining forces with anyone else. With very similar company cultures, existing
friendships among our two firm’s agents, as well as a deep commitment to giving
back to our community, the merger is the perfect fit,” said Stephanie Lanier.
Intracoastal’s deep roots and global
reach position the Lanier Property Group’s agents and clients with the greatest
opportunities in a strong market. “With
the power of Intracoastal behind us, we will bring a new level of service to
our luxury buyers and world-class exposure to our sellers. We are truly honored
to join the Intracoastal family, to be a part of their incredible legacy in our
region, and to be a part of their continued growth as the dominant force in our
real estate market,” Lanier said.
Trey Wallace, President of Intracoastal
Realty said, “We are so excited to welcome Stephanie and the agents at Lanier
Property Group into our family. I have
known Stephanie for many years and she and her team are the types of real
estate professionals that raise the bar in our industry through an extraordinary
commitment to white glove service for their clients.”
As a result of the merger, Intracoastal
Realty is positioned to be an even stronger advocate for buyers and sellers in
midtown, which has become increasingly sought after by homeowners due to the
explosive growth of restaurants, services, and activities in the area. “Stephanie and her team have built a great
company and a great brand. I am eager to
marry the best aspects of both firms to better serve our clients and our
community,” Wallace said.
About Intracoastal Realty: Intracoastal Realty, founded in Wilmington, NC in 1976, has grown to become coastal North Carolina’s largest independent real estate firm. Market-leading technology, strategic marketing, and a teamwork approach are Intracoastal trademarks. As an independent brokerage, Intracoastal invests its revenue into technology, marketing, agent training, and community organizations throughout southeastern North Carolina. Through its affiliation with Leading Real Estate Companies of the World, Intracoastal delivers turn-key service to clients locally and globally.
About Lanier Property Group: Lanier Property Group was founded in 2012 as an independent, family owned and operated boutique real estate firm in Wilmington, NC. The firm specifically focuses on the rapidly growing midtown area of Wilmington and is well known for putting midtown on the map in 2015. With a small team of highly productive agents they have built a loyal client base with 250 five-star reviews, an enthusiastic social media following and award-winning marketing strategies.
Nick Churton of London-based Mayfair International Realty (an affiliate of Intracoastal Realty) reports on the awakening of the real estate market in the UK capital.
There is excellent news for U.S.-dollar
buyers in London. They will now find the lowest real estate prices in the UK
capital for many years. Average prices in central London have fallen by about
20 percent since the last peak in 2014. With currency exchange factored in,
dollar buyers today gain by about 38 percent compared to five years ago.
All this comes at a time when there
is a bounce in the step of property buyers in London. Since the decisive
general election victory in December by Boris Johnson and his Conservative
party, the uncertainty that had hung like a large gloomy cloud around the Brexit
question has been lifted. The real estate community went from despair to
delight in the course of a dramatic election night. Call it a Boris or Brexit
bounce, but there was an immediate re-engagement in the real estate sector.
That early interest continues unabated. Now pundits are even boldly forecasting
a price rise of up to 10 percent during 2020.
Highlighting this newfound
excitement is the sale of a Knightsbridge mansion to a Chinese buyer for a
reputed $365 million – making it the most expensive property sale in the UK.
The purchase of this 60,000 sq. ft. home emphasises the attraction central
London has for overseas buyers. This global destination for the wealthy of the
wealthiest, attracted by commerce, fashion, culture, law, medicine, education,
and finance, is most certainly back in business.
London and the rest of the UK look forward to a spring property market with a big bounce in its step.
Nick Churton and Annette Reeve, Mayfair International Realty representatives, run Intracoastal Realty’s London Office and are frequent visitors to the Greater Wilmington area.
OCEANFRONT HOME LOCATED ON THE NORTH END OF FIGURE EIGHT WILMINGTON, NC, USA | 274 BEACH N ROAD, WILMINGTON, NC
The stunning oceanfront home located on the north end of Figure Eight. Offering five bedrooms, four full baths and two half baths. The upper level features open living areas, spacious master bedroom, gourmet kitchen with a butler pantry and a wall of oceanfront windows in the dining room. New roof, sliding doors, and hardwoods on the top level along with new interior paint. Sold furnished with a few owner exceptions and with a Figure Eight Yacht Club Charter Membership. Outstanding quality and construction by David James. A one of a kind treasure! See it!
A STYLISH LAKEFRONT HOME LAKEWOOD RANCH, FL, USA
Contemporary, luxurious and sophisticated best describes this stylish lakefront home, perfectly situated in the prestigious Lake Club of Lakewood Ranch. Positioned on a scenic lake, you will enjoy fabulous, unobstructed lake and Grande Clubhouse views. Uniquely elegant, this thoughtfully-designed residence showcases pride of ownership and water views at every turn, with masterful architectural features and designer touches that create inspiring spaces for everyday living and entertainment. Step out to the outdoor terrace and take a refreshing dip in the large saltwater lap pool surrounded by travertine and over 1,000 sq ft of covered space. Or simply relax to your favorite music as you dine alfresco by the outdoor kitchen with two refrigerators and Lynx grill. An app controls the pool and landscape lighting. This gorgeous home provides a magnificent backdrop to your lifestyle. See it!
THE OAKS IN THONOTOSASSA FLORIDA THONOTOSASSA, FL, USA
“The Oaks,” a magnificent sprawling country estate situated on Lake Thonotosassa, is one of Florida’s most significant homes to be built within the last century. The French-Normandy style manor embodies both majesty and family. The entirety of the compound totals 36,361 square feet of air-conditioned space of eight bedrooms, 12 full bathrooms, and 14 half baths plus an 11,000 square foot workshop with two half baths. Surrounded by carefully handcrafted rolling hills with manicured lawns, gardens and trees, the gated grounds encompass a long private driveway, main house, private two-story two-bedroom, 2.5 bath guest house, antique collector garage that can hold up to 20 cars, state of the art workshop, well-appointed pool house, horse barn with grazing pasture, indoor and outdoor saltwater pools, expansive loggia’s, two-story boathouse, race track, and one-mile jogging trail. See it!
Absorption rate, also referred to as “inventory levels” or “months of supply”, gives you an idea of the number of months it will take for the current inventory to be sold out based on the last 12 months of sales.
Housing prices stabilize when supply and demand come closer together. Generally speaking, 5-6 months of supply is “normal”. Less than 5 months of supply will result in appreciating home prices (Seller’s Market), while 7 months or more of supply will result in depreciating home prices (Buyer’s Market).
Following the 4th Quarter of 2019, New Hanover County is showing a total of 1.8 months of inventory for existing home sales (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 3.4 months (peaked at 20.0 months in 2009); and Pender County is at 3.4 months (peaked at 22.1 months in 2009).
As you can see from the three county charts below, inventory levels vary by price segment. Take a look at the absorption reports for a better idea of where your house stands in the market, and contact an Intracoastal Realty agent to learn about the supply and demand for your specific neighborhood.
FEB2 NFL’s Big Game
Sun 6:30 PM · Coastal Wing & Spirits Co. · Surf City, NC Volante Winds
Sun 4 PM · University of NC at Wilmington – Beckwith Recital Hall · Wilmington, NC Super Bowl LIV Watch Party
Sun 6 PM · Mad Katz · Wilmington, NC Superbowl Party!
Sun 5 PM · Moore Street Oyster Bar · Southport, NC Big Game Party At The Shack
Sun 6 PM · Shuckin’ Shack Oyster Bar – Surf City NC · Surf City, NC
FEB4 Waitress
Tue 7:30 PM · Wilson Center – Cape Fear Community College · Wilmington, NC Trivia & Taco Tuesday!
Tue 7 PM · Local’s Tavern · Leland, NC Tuesday Night Run
Tue 7 PM · Salty Turtle Beer Company · Surf City, NC
Intracoastal
Realty recently acquired local real estate school The Market Place Academy,
which was founded in Wilmington, NC by Phillip Galloway in 1991. The school was officially renamed Intracoastal
Real Estate Academy on January 20th, and is positioned to
offer enhanced educational services to existing and prospective real estate
agents.
The instructors
at Intracoastal Real Estate Academy have combined for over 50 years of teaching
experience. Among the instructors is
Galloway, whose previous company boasted the highest pass rate for
pre-licensing classes in 2019 in the local area, according to the North
Carolina Real Estate Commission.
At the helm of the new school is Stephanie Fessel, who also serves as the Vice President of Education for Intracoastal Realty. “Education has always been the foundational pillar of Intracoastal Realty, and that will continue to be a major focus for the company going forward into the new decade,” Fessel said. “Intracoastal Real Estate Academy will uphold Galloway’s heritage of providing exceptional educational instruction. The school has some of North Carolina’s most respected real estate instructors, in addition to the support, resources, and prestige behind the Intracoastal Realty brand. We believe this winning combination brings value to our local REALTOR® community and those seeking to get their real estate license.” The all-new website contains resources and class information for pre-licensing, post-licensing, and continuing education. Visit the all-new website, IREAcademy.com, for more information.
Nick
Churton of Mayfair International Realty (an affiliate of Intracoastal Realty) looks
at how a recent election in the UK has cleared the way for more real estate
buying in the U.S.
In a surprisingly decisive vote, the UK chose Brexit – again. In
December, Boris Johnson led his Conservative Party to general election victory
with an unexpectedly large majority. This result secured him the numbers needed
to carry through his promise to “get Brexit done” – an election trope that will
join the list of the world’s most effective, such as “it’s the economy, stupid”
and “there you go again”.
What this means for real estate markets remains to be seen. But
there are signs that buyers and sellers in the UK, weary from three years of
political uncertainty, are once again daring to dream of their next home.
There remain uncertainties: the UK still has a lot of work to do
clinching worldwide trade deals, and no one is certain what arrangements there
will be with the European Union concerning rights for UK home buyers and owners
in countries such as France and Spain. It does seem likely, however, that there
will be residency restrictions affecting the number of months Brits will be
able to live in European Union countries each year.
These restrictions also affect UK buyers and vacation homeowners
in the U.S. But up to now the attraction of Europe has been the length of
continuous residency available. Now that could change, and Europe may have near
parity with the U.S. in these restrictions, so more Brits could look for
property across the Atlantic rather than across the English Channel. The shared
language, the high standard of American homes and the exciting way of life are
just three significant attractions.
With the UK’s trading horizons extended, there will be more
Brits buying abroad for business and employment purposes, bringing the U.S.
into sharp focus for UK homebuyers.
All this won’t happen overnight. But it is the way the
international real estate market works. The economic climate, fiscal measures,
employment, and political uncertainties all combine to alter national
priorities. One year it is the Russians who are buying, then the Venezuelans
and Brazilians, only for them to disappear and leave the field open to another
nationality or two. It is the ebb and flow of the international real estate
market.
Once again this year Annette Reeve and I will be on hand to help UK buyers, and other national buyers, transiting through the UK capital to find suitable homes and investment properties in Southeastern North Carolina. May we wish you a happy and prosperous 2020.
Nick Churton and Annette Reeve of Mayfair International Realty, run Intracoastal Realty’s London Office and are frequent visitors to the Greater Wilmington area.
Nick and Annette during a recent visit, and a tour of an Intracoastal Realty listing on Figure Eight Island.
