Elegant Georgian on Live Oak Parkway, Unique Design in Bulgaria and Sumptuous Décor in the French Quarter

As our partnership with Luxury Portfolio allows, Intracoastal Realty’s listings are often featured on LuxuryPortfolio.com. We often spotlight outstanding listings around the world and become enamored with the many features, outdoor spaces, and interior design and decor of these lavish properties. This month the properties listed showcase stunning architecture and exceptional interior and exterior design in exceptional locations! We hope you enjoy learning more about these three extraordinary homes.

Elegant yet comfortable, sophisticated yet casual. This completely renovated painted Georgian is perfectly sited on a private one acre parcel in the heart of mid-town Wilmington. One of Wilmington’s most admired residential masterpieces, this home has been meticulously updated and lovingly maintained. From the gracious deep circular drive, one can feel the history of an era when quality and attention to detail mattered most. Step inside the hand carved front entry and be welcomed by the gracious curved stairway with a matching elliptical balcony above. Generous formal rooms include a dining room with a hand-painted mural and a large living room with a magnificent wood burning fireplace.

LOT ACRES: 0.9900

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First-class property with stunning architecture and exceptional interior design. The architecture of the house is markedly modern, memorable, stylish – a home that will retain its value forever. The property is furnished by architect Alexandrina Nenkova with the high-class furniture, technical equipment, complete sound system and finishing.

The house is constructed on three levels and is fully facing south towards the mountain, providing breathtaking views of the Vitosha Mountain and all day sunny courtyard.



LOT DIMENSIONS: 1,967 sq m

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Rare chance to own the finest property in French Quarter. Grand 3 story Mansion with sumptuous formal entertaining rooms, gourmet kitchen, 2 wine rooms. Ornate plaster and marble details, millwork throughout. French doors throughout 1st floor open to grounds. 2 master suites up with marble baths and room-sized closets. Widow’s Walk with sweeping views. Immense walled courtyard with pool and two story attached guest house with sauna. 15 car gated parking including a Two car garage. Too many amenities to list.

BUILT IN: 2017


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Honoring Intracoastal Realty Veterans

To those in uniform currently serving, and to those who have served in the past, we honor you today and every day.  Thank you for your service to our country so that we can enjoy our freedoms.

Intracoastal Realty is a special “family” with people of many backgrounds and interests.  As we honor all Veterans on November 11th (federal holiday this year is November 10th), we would like to recognize agents and staff at Intracoastal Realty who have served our country.

Tracel Wilt, U.S. Army.  Sales Agent at the Wilmington Lumina 1 office.  Tracel is a graduate of the United States Military Academy at West Point.


Bob Caulder, U.S. Army. Sales Agent at the Ocean Isle Beach office.  Bob served 8 years (4 active and 4 inactive) and was stationed at Fort Dix, NJ for basic training; Fort Gordon, GA for AIT training; Fort Bragg, NC for compassionate reassignment; and Berlin, Germany, which earned him the Berlin Occupation Medal.  Bob was E-5 promotable who served in the Vietnam era.


Tom Adam, U.S. Army.  Manager at the Wilmington Lumina 1 office.  Tom served 3 years at various bases in the USA and also served in Korea.


Eddie Lawler, U.S. Navy.  Sales Agent at the Wilmington Lumina 1 office.  Eddie served for 4 years (1966-1969) on NAS Oceana VA85 in Virginia Beach; USS Kitty Hawk – VA85; USS America – VA85; and USS Constellation – VA85.  Eddie was AE2 Vietnam.


Chet Sechrest, U.S. Army.  Sales Agent at the Leland office.  Chet served for 27 years and 9 months at Hunter Army Airfield 1/75 Ranger Battalion; Ft. Devens, MA 10th Special Forces Group; Panzer Kaserne Germany; Ft Bragg 3rd Special Forces Group; and Ft Meade, MD Asymmetric Warfare Group.  Chet retired as Sergeant Major, has been to Iraq three times, and has been to 30 other countries around the world.


Hamilton Hicks, U.S. Marines.  Sales Agent at the Lumina 1 office.  “Ham” is a former mayor or Wilmington who served in USA, Japan, Okinawa, Taiwan, Philippines, and Vietnam waters.  Ham is a Retired Senior Officer.


Larry Sims, U.S. Marines.  Sales Agent at the Ocean Isle Beach office.  Larry served 5 years (1964-1968) and was stationed at Parris Island, Camp LeJeune, Norfolk, and Southeast Asia (Vietnam).  Larry was an E5 Sergeant.


Gus Franklin, U.S. Navy.  Sales Agent at the Wrightsville Beach office.  Gus served 5 years (1970-1974) and was stationed at Norfolk and Newport.  Gus ranked as a Lieutenant.


Seth Parmelee, U.S. Army.  Sales Agent at the Leland office.  Seth was stationed at Vilseck, Germany, FOB Scunion in Iraq, and Fort Hood.  Seth was a Specialist, Iraq OIF 2 04-05.


Ed Sullivan, U.S. Navy.  Sales Agent at the Wilmington Lumina 2 office.  Ed attended the US Naval Academy and served for 14 years (1982-1995).  He was stationed in Pensacola FL, Norfolk VA, and in Washington DC at the Pentagon – Bureau of Naval Personnel.  Ed was a Lieutenant, Navy Pilot in Desert Shield and Desert Storm.


Tim Knapp, U.S. Navy.  Maintenance and Housekeeping Manager at the Vacation Rentals division of Intracoastal Realty.


Jim O’Daniell, Sr, U.S. Air Force.  Sales Agent at the Porters Neck office.  Jim served 22 years (1954-1975) and was stationed in Iceland, India, Vietnam, Georgia, Florida, Colorado, New York, and North Carolina.  Jim’s rank was Chief Master Sergeant E-9, Vietnam, 1965-1966, Hq. First Air Force: 1966-1969, Hq. Air Defense Command: 1970-1973.  He was the youngest Tech Sergeant E-6 in the United States Air Force 1959. Retired USAF 1975 at Ft. Fisher AFS NC.


Jeff Whitfield, U.S. Navy.  Sales Agent at the Wilmington Lumina 2 office.  Jeff was stationed in Virginia, Maine, Portugal, Spain, and Iceland and was attached to Patrol Squadron 44.


Jeff Broos, U.S. Air Force.  Sales Agent at the Wilmington Lumina 1 office.  Jeff served 7 years (1969-1975) and was stationed in Southern California and Southeast Asia.  Jeff was a pilot and Captain in the Vietnam War.


Debbi Snyder, U.S. Army.  Sales Agent in the Wilmington Lumina 2 office.  Debbi served 15 years (1986-2000) and was stationed at Fort Indiantown Gap PA, Fort Dix NJ, Fort Bragg NC, and Ashley PA Reserve Unit.   Debbi was a member of the University of Scranton ROTC, Military Police, and the US Army Corps of Engineers.


Harold Parker, U.S. Army.  Sales Agent in the WIlmington Lumina 1 office.  Harold was stationed at Fort Jackson SC (Basic Training) and Fort Meade MD (HDQ Detachment 68th Medical Group).  Harold was a Specialist 4th Class and attended Personnel Management School at Fort Benjamin in Indiana.  He also served as Administrative Support for training National Guard at Fort Indiantown Gap, PA and for the Army Reserve.


Throwback Photos

Chet Sechrest


Chet Sechrest (right) in fatigues


Tracel Wilt at West Point


Our History Here: Ocean Isle Beach, NC

Ocean Isle Beach is a popular vacation destination as well a permanent home to 614 people. The area has endured many ups and downs throughout its rich history, shaping it into the bustling and beautiful town that it is today.

One of four barrier islands in Brunswick County, Ocean Isle Beach is located halfway between Wilmington and Myrtle Beach. Stretching 8 miles long, it faces due south, a rarity among East Coast beaches, and is on the same latitude as Los Angeles, Calif., and Damascus, Syria. The first inhabitants arrived in about 10,000 BC and were mostly Cape Fear Indians. Eventually scavenging pirates discovered the area as well, but by the early 1700s the world around what is now Ocean Isle Beach began drastically changing as English settlers arrived to forge a more permanent lifestyle with plantations, including Gause Manor, which was part of the tar and turpentine industry. While many believe fire later took Gause Manor, no one knows exactly what happened to the grand home that President George Washington visited on April 27, 1791.

Ocean Isle Beach pier

The next notable era in Ocean Isle Beach’s history was the age of Prohibition, when it was illegal to produce, transport, or possess liquor. During the 1920s, sailing vessels often smuggled rum and other spirits from the Bahamas, Jamaica and Canada into Brunswick County via Tubbs Inlet. Even today, you may still find liquor bottles scattered in the woods around town from where locals transferred smuggled alcohol into other containers to avoid arrest. The isolation of this area made this nefarious trade big business until Prohibition was repealed on December 5, 1933. Also during the 1920s, the first commercial structure on Ocean Isle Beach, a dance hall/honky tonk near the site of the former Gause Manor, marked the Jazz Age and attracted young flappers from as far away as Whiteville who wanted to dance the Charleston and partake in bootlegged gin.

The geography of Ocean Isle Beach, which was known as Hale Beach prior to 1949, changed dramatically in 1934 with the arrival of the Intracoastal Waterway project. Prior to this, the area was not an island and you could easily walk or drive from the mainland to the ocean. The digging of the manmade inland channel carved a barrier island that was only accessible for boat for the next 16 years.

Modern-day Ocean Isle Beach really started to take shape during the late 1940s, when Odell Williamson began purchasing tracts of land that would lay the foundation for the town. Williamson was elected to the North Carolina legislature in 1947 and from there was able to further spearhead Ocean Isle Beach growth. He and his wife Virginia gave the area the name Ocean Isle Beach in 1949. A year later, he built a four-car ferry over the waterway, which operated until 1959 when a swing bridge was completed. This served the island’s transportation needs until 1986, when the current high-rise bridge was constructed in the same spot.

Hurricane Hazel on October 15, 1954, hampered Ocean Isle Beach’s initial progress. The worst hurricane ever to hit the area, Hazel destroyed all but two of the island’s 41 homes and took the lives of seven people riding out the storm there, including Williamson’s sister, her husband, and young son. Four survived, including Williamson’s niece. Due to the timing of the storm coming ashore during the highest tide of the year, the Atlantic Ocean actually met the Intracoastal Waterway and covered the island entirely in water. An article in Our State magazine offers a harrowing and detailed account of this incident.

Despite this tragic setback, development persevered. Williamson constructed the first fishing pier on the island in 1957 and built the offices for Ocean Isle Beach Realty across the street. To make room for a parking lot at the pier, he moved an old duplex to a new lot and converted it to a private, four-bedroom oceanfront cottage, where Virginia spends her time to this day (Odell passed away on October 3, 2010, at the age of 90).

Ocean Isle Beach was incorporated in 1959, and Williamson served as the first mayor from 1959-1963. His wife Virginia later served as mayor from 1969-1973 and daughter LaDane from 1973-1987. LaDane, brother DeCarol, and their families both continue to be active in the family business and throughout Ocean Isle Beach, while Virginia also remains involved.

The Williamsons’ vision for a family beach persists today, and Ocean Isle Beach is more vibrant than ever. It holds more than 3,000 residences, including single-family and condos, with a seasonal population peaking at over 25,000.

Do you want to be part of the story of Ocean Isle Beach’s future? Let Intracoastal Realty be your guide. We are a full-service real estate brokerage operating since 1976, and we currently have 13 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.

Our History Here: Leland & Belville

Just a short trip over the Cape Fear Memorial Bridge from downtown Wilmington, the Leland/Belville area has experienced tremendous growth in recent years. New homes abound as available land in New Hanover County becomes increasingly scarce and people are drawn to Brunswick County’s more affordable real estate, slower pace, and proximity to the amenities found in a bigger city. But there is a lot more to the story of Leland/Belville than what you see today. Both have evolved tremendously from their humble, rural beginnings.


Leland’s roots go back to the mid-1890s as a settlement at the crossroads where Village Road crossed the Wilmington, Columbia, and Augusta Railroad. Its name became formalized in late 1897 when Joseph W. Gay and other area citizens petitioned the federal government for a local post office. During this process, a list of three names was submitted as possible monikers for the area covered by the new post office. Leland, the name of Gay’s nephew, Leland Adams, was chosen, and the new post office opened on February 10, 1898, with Gay as postmaster. It was located in a corner of Gay’s General Store.

The Leland area was initially settled at the same time the earliest plantations along the Cape Fear and Brunswick rivers came into existence. Early activity revolved around the post office, the school, two grocery stores, the railroad station, Leland Baptist Church, Leland Methodist Church, and numerous homes. For many years, Leland was one of numerous small, unincorporated communities throughout Brunswick County serving as minor centers of trade throughout the early 20th century.

Due to its location adjacent to the Brunswick River, Leland also served as an early transportation center. By modern standards, the early roads in the area were primitive. There were ferries in place across the Brunswick River and across the Cape Fear River for travelers going north and south. The Brunswick River actually received a bridge in 1890 before the Cape Fear River. The Brunswick River Causeway, across Eagles Island, was always known as a problem area because of the wetness of the soil and swamps between the two rivers. By 1923, the road from the Brunswick River through Leland had been paved and was known as State Road 20.

Finally incorporated in 1989, Town of Leland recently celebrated its 28th birthday during its annual Founders’ Day celebration, held on the second Saturday of September and featuring entertainment, food, a carnival, arts and crafts/business vendors, fireworks, and a salute to veterans. According to Census figures, Leland has grown from a population of 4,123 in 2000 to 18,843 in 2016, due mostly to large neighborhoods of new construction. In July 2015, the Town of Leland moved into its new 40,000-square-foot $9.7 million Town Hall, and that same year the 18,000-square-foot Leland Cultural Arts Center opened.

For those interested in learning more about Leland’s past and present, a few times each year there is an award-winning Leland We Don’t Know program, a two-hour bus tour that takes participants through parts of Leland they may have never seen, including sites from the Town’s early days and some of the area’s newest neighborhoods. It highlights Leland’s history and plans for the future. The next segments are planned for Oct. 3, and although both trips are already full, you can put yourself on a waiting list for either time here.

Popular subdivisions in Leland include Waterford, Magnolia Greens, Brunswick Forest, Compass Point, Jackey’s Creek, Waterberry Plantation, Olde Towne, and Mallory Creek.


Belville borders the Brunswick River and was incorporated in 1977. Its population was 1,186 in 2000 and 2,094 in 2016, according to Census figures.

Prior to incorporation, Belville enjoyed a thriving downtown boosted by traffic from a causeway that connected Wilmington to Brunswick County and passing right through the town’s heart. But in 1977, a new Brunswick River bridge and bypass highway was opened to traffic and the old causeway road was completely abandoned, leading businesses to close their doors and creating a blighted downtown Belville. This continued until 2006, when the town announced a major redevelopment plan. Part of that plan is the Brunswick Riverwalk at Belville, which opened in May 2016. The N.C. Rice Festival is held there each September, and year-round the park provides an opportunity to escape from urban life and connect with nature.

Like the Town of Leland, the Town of Belville also identified the need for a new Town Hall to house its employees and operations. The $1.4 million building opened this month and ended a decade of renting space after the original Town Hall was condemned.

Popular subdivisions in Belville include Highland Shores, Hawkeswater, and Rice Hope.

Are you looking to be part of the future of Leland and Belville? Intracoastal Realty can help. We are a full-service real estate brokerage operating since 1976, and we currently have 13 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.


Deviled Egg Macaroni Salad

Recipe Courtesy of ButterYourBuscuit.com

September’s deviled egg macaroni salad is sure to be a hit at your Labor Day brunch or next beach barbecue. It’s a super easy recipe with just a few simple ingredients, packed with deviled eggs and combined with creamy pasta. Make ahead so you can chill out and enjoy your day!


  • 16 oz. salad macaroni or Ditalini pasta
  • 1½ cups Mayonnaise
  • 3 tablespoons sour cream
  • 2 tablespoons mustard
  • 2 tablespoons sweet pickle relish
  • 6 hard boiled eggs sliced
  • 2-3 ribs celery finely chopped
  • ½ cup black olives sliced
  • 4 oz jar pimientos drained
  • 3 tablespoons fresh dill chopped
  • 1 teaspoon paprika
  • salt and pepper to taste
  • Garnish with green onions


  1. Prepare pasta according to the directions, drain and let cool completely
  2. Prepare hard boiled eggs, let cool and slice
  3. In a large mixing bowl combine all the ingredients except eggs and mix with pasta until blended. Gently fold in eggs. Garnish with green onions
  4. Chill until ready to serve

September 2017 Area Events

9/1, 15: Airlie Gardens Summer Concert Series – Airlie Gardens 

9/1: Downtown Sundown Concert Series – Riverfront Park

9/1: Fireworks by the Sea & Boardwalk Blast: – Cape Fear Blvd & Carolina Beach Ave N

9/1, 2, 3, 7, 8, 9, 10, 11: The Sunshine Boys – Thalian Hall: Ruth and Bucky Stein Theatre

9/2: Oak Island Labor Day Surf Off – Ocean Crest Pier, Oak Island Oak Island’s Ocean Crest Pier

9/3: New Hanover County Resident Free Admission – Airlie Gardens

9/3, 17: Kure Beach: Boogie in the Park Concert Series Kure Beach Ocean Front Park

9/3: Nelly – The Shell Wilmington

9/5: Willie Nelson – The Shell Wilmington

9/5-10: Annual Pooch Plunge – Legion Stadium pool

9/7-24: The Hermit of Fort Fisher Cape Fear Playhouse / Big Dawg Productions

9/7: Pints for Preservation with Good Hops – Bellamy Mansion Museum

9/8-10: Wilmington Boat Show – Wilmington Convention Center, Port City Marina, Pier 33 & Battleship NC

9/9: Run Holden Beach – Under the Bridge on Jordan Blvd

9/9: Purple Feet FestivalSilver Coast WineryOcean Isle Beach

9/9: 5th Annual Heart of Hope Run – Main Stage Gazebo, Carolina Beach Boardwalk

9/9: 10th CBPD Bike Rodeo – Carolina Beach Rec Center

9/13, 20, 27: Hops & Talks – Wednesday’s at Airlie Gardens

  • 9/13: Butterfly Talk & Wilmington Brewing Company
  • 9/20: Plant Talk & Flytrap Brewing
  • 9/27: Imagine Exhibit Walk & Waterman’s Brewing Company

9/14: Jazz at the Mansion Concert Series – Bellamy Mansion\

9/16: Guided Architectural Walking Tours Temple Baptist Church

9/16: UNCW MarineQuest Youth Weekend Programs – UNCW Center for Marine Science

9/16-17: NC Shell Show – Cape Fear Museum

9/16: Wilmington Symphony Orchestra Presents: Ifetayo Ali-Landing, cello (2017 Sphinx Competition Winner) – CFCC Wilson Center

9/16 – 2/11: Created by Light – Cameron Art Museum

9/16-17: Carolina Beach Dragon Boat Regatta & Festival Carolina Beach Yacht Basin and Marina

9/16: Pier-2-Pier Open Water Swim Race Johnnie Mercer’s Pier

9/16-17: Summer Harvest Festival – Poplar Grove Plantation

9/16: WDFL East National Championship Game & Benefit Concert Event by World Developmental Football League  Legion Stadium

9/17: The Doobie Brothers – CFCC Wilson Center

9/17: Oakdale Cemetery Music & Mausoleums Tour – Oakdale Cemetery

9/18: UB40 Legends Ali, Astro & Mickey – Greenfield Lake Amphitheater

9/21-24: ARTfall Hannah Block Historic USO/Community Arts Center

9/22: Fourth Friday Gallery Nights – Downtown Wilmington

9/22: Paramount’s Laser Spectacular-Music of Pink Floyd – Thalian Hall

9/23: American Craft Walk Downtown Wilmington

9/23-24: North Carolina Spot Festival – 14221 US-17, Hampstead, NC 28443

9/23: YMCA Wrightsville Beach Sprint Triathlon 2017 – Wrightsville Beach, NC

9/23: Cape Fear Roller Girls Season Finale Double Header – Jellybeans Family Skate Center

9/25: 6th Annual Brunswick County Golf Tournament – Cape Fear National

9/29-10/31: Carnevil in the Woods / Phobia Haunted Trail Cardinal Lanes Parking

9/30: 5th Annual Pleasure Island Day of Hope “Toes in the Sand” – CB Boardwalk Gazebo

9/30: Cape Fear Highland Games – 3400 Randall Parkway

Our History Here: Pleasure Island

Pleasure Island, a barrier island south of Wilmington in New Hanover County, includes the municipalities Carolina Beach and Kure Beach as well as the unincorporated areas of Fort Fisher, Wilmington Beach, and Hanby Beach. Snow’s Cut, which connects the Intracoastal Waterway to the Cape Fear River and borders the island on the north, was completed in 1930. Before this, Pleasure Island was a peninsula known as Federal Point. In 1972, the local Chamber of Commerce adopted the name Pleasure Island for use as a branding and marketing tool to combine all the resources of the area.

Carolina Beach

The most populous beach town on Pleasure Island began to take shape in the 1880s when Joseph Winner, a Wilmington merchant, planned the streets and lots for 108 acres of beach property and called it St. Joseph. A street bearing that name runs along the northwestern part of the island and through the original Winner tract.

Although that initial attempt at development was unsuccessful, within less than a decade the area was beginning to draw attention as a resort. Electricity arrived in 1915, and soon expanded highways made the area more accessible to people from other parts of the state. In 1925, the town of Carolina Beach was incorporated. After the Snow’s Cut projected separated the area from the mainland in 1930, a temporary wooden bridge and then later a swing bridge operated until 1962, when the present-day concrete high-rise bridge opened.

Over the years, Carolina Beach arose as a booming beach town with many amenities and attractions, including its famous Boardwalk and several large hotels. The population and popularity grew, even as the area weathered and survived hurricanes, including Category 4 Hazel in October 1954, and a 1940 fire that destroyed two blocks of the Boardwalk.

Carolina Beach went through a period in the 1990s when much of its Boardwalk area was rundown and vacant, attracting adult businesses and cultivating a bad reputation. During the next decade, community efforts to beautify and improve Carolina Beach took shape, and today the beach town is known all over the country for its family-friendly atmosphere and rebuilt, expanded wooden Boardwalk.

One of the most enduring and beloved businesses in town is Britt’s Donut Shop, which opened on the Boardwalk in 1939 and has stuck to the same product, plain glazed doughnuts served hot out of the fryer, since inception. It operates March-September and attracts large crowds who come for a taste of sugar and nostalgia year after year.

Kure Beach

Development here began in the late 1800s when Hans Andersen Kure, a retired sea captain, moved from Denmark and bought large tracts of land in the middle of what is now known as Pleasure Island. Kure Beach was incorporated until 1947. It is known for its large fishing pier, the oldest on the East Coast, which Kure’s son originally built in 1923. Among its most notable modern additions is Ocean Front Park, which opened in 2013 and overlooks the Atlantic Ocean. It serves as the backdrop for a number of special events throughout the year.

Fort Fisher

Until the last few months of the Civil War, Fort Fisher on the southern end of present-day Pleasure Island kept North Carolina’s port of Wilmington open to blockade runners supplying necessary goods to Confederate armies inland. By 1865, the supply line through Wilmington was the last remaining supply route open to Robert E. Lee’s Army of Northern Virginia. When Fort Fisher fell after a massive federal amphibious assault on January 15, 1865, its defeat helped seal the fate of the Confederacy. Today, you can learn about this history at the Fort Fisher State Historic Site, which includes a museum and gift shop, or just enjoy the beach at the Fort Fisher State Recreation Area or the wildlife at the N.C. Aquarium at Fort Fisher.

Fun fact: Pleasure Island and Bald Head Island, to the south in Brunswick County, are actually joined together since 1999, when shoaling from Hurricane Floyd closed Corncake Inlet. It is possible to walk or bike between the two destinations, especially during low tide.

For more information about the Pleasure Island of yesteryear, visit the Federal Point Historic Preservation Society website or, better yet, stop by to check out the Federal Point History Center’s exhibits and resources, including a gift shop with books and other items for the local history buff. During summer months, Tasting History food tours also provide a glimpse of what the island used to be like while stopping at several Carolina Beach restaurants for tastings.

Now that you know Pleasure Island’s past, let Intracoastal Realty help you make the storied area part of your future. We are a full-service real estate brokerage operating since 1976, and we currently have 13 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.

Absorption Reports – 2nd Quarter 2017

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, while 7 months or more of supply will result in DEPRECIATING home prices.  New Hanover County is showing a total of 3.32 months of inventory for existing home sales (for comparative purposes, it peaked at 22.6 months in 2009); Brunswick County is at 5.86 months (peaked at 20.0 months in 2009); and Pender County is at 4.61 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:

New Hanover County

Brunswick County

Pender County

Caribbean Style Home on Figure Eight, South African Luxury Wildlife Ranch and a Classic Neo-Georgian Estate in Harding Township NJ

As our partnership with Luxury Portfolio allows, Intracoastal Realty’s listings are often featured on LuxuryPortfolio.com. We often spotlight outstanding listings around the world and become enamored with the many features, outdoor spaces, and interior design and decor of these lavish properties. This month the properties listed showcase spectacular surroundings in exceptional locations! We hope you enjoy learning more about these three extraordinary homes.

Caribbean Island style home on large 0.78 acre oceanfront lot secluded on the north end of Figure eight Island. Cedar shake exterior with metal standing seam roof for low maintenance. Enter this unique home with African teak ceilings, poplar walls, and many custom features. Great room has 12 foot barrel ceiling across the room and many built-ins. Custom kitchen has old world feel with beautiful teak cabinets and travertine countertops. Wolf gas range oven, Subzero refrigerator, wine fridge, Miele dishwasher and Shaw original sink all included with the kitchen. Vestibules going into master suite and office have teak cross barrel ceilings.

400 sqft area of the guest suite below the main house is included in total square footage. Breezeway connects to a two-car garage.

LOT ACRES: 0.7800

BUILT IN: 1985

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Own your own African Game ranch. An opportunity for one discerning buyer to acquire a bespoke private residence, consisting of two luxury tented safari units on the banks of a river, including rights to extensive property and significant part ownership of a safari lodge and other amenties.

This amazing property is located in the malaria free Eastern Cape Province of South Africa is part of a 25,000 Acre (10 000 Hectare) private Game Reserve.  The Private Game Reserve operates an Eco Tourism offering and a Photographic and conservation Safari destination. The Reserve embraces two major rivers, which are navigable from the property into the Indian Ocean. This exceptionally picturesque landscape provides a dramatic backdrop to ‘Big Five’ game viewing.

This is the ideal home of all nature loving people with a taste for luxury and unique residences.

PROPERTY FEATURES INCLUDE: Ranch, 13 Fireplace(s), Gated Entry, Yes, Yes, Yes, Yes, Separate Guest Quarters

VIEWS INCLUDE: Hills, Water, Sunset, Sunrise, Park

BUILT IN: 2015


LOT ACRES: 8,000

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Hidden Pond Farm, located in bucolic Harding Township, is a classic neo-Georgian estate set amidst unspoiled countryside, winding roads and rolling hills. Approached via a sweeping driveway, the residence is a grand and regal presence on 43.61 farm-assessed acres. Originally built in 1927 as a summer retreat for a prominent attorney and private counsel to John D. Rockefeller Jr., this home was meticulously and painstakingly renovated by its current owners. Today, this extraordinary estate home offers every amenity for the modern family with graciously proportioned rooms- many opening onto intimate outdoor spaces. Staying true to its beginnings as a working farm, there are several dependencies on the property including a free-standing four-bedroom house and two-stall barn with adjacent three-bedroom apartment, four-car garage and heated kennel. Highlights of the magical grounds include a magnificent peony walkway, pumpkin patch, handsome bluestone terraces and enchanting perennial gardens with stone walls. An inground pool and brick patio framed by manicured lawns is the quintessential outdoor entertaining space.

The main residence features 24 rooms with eight bedrooms, six full baths, three powder rooms and ten fireplaces complete with antique mantles spanning three floors; there is also a finished lower level. An attached three-car garage is heated. Eleven foot ceilings throughout the formal rooms on the main floor, marble and limestone flooring as well as 18” walls detailed with intricate plaster moldings all add to the home’s history and timeless elegance.

A marble entry vestibule and inviting foyer welcomes you into the residence. Many of the main floor rooms including the formal living room, dining room and library flow gracefully from the entry foyer. Of special note is the custom hand-painted Chinese Gracie wallpaper in the dining room; an antique chandelier hangs overhead. The formal rooms as well as the more casual garden room and breakfast room all open onto a wrap-around bluestone terrace through French doors. Artfully designed transitional spaces surprise at every turn- a small circular foyer leads into the walnut paneled library- a round marble foyer contains the main staircase that leads upstairs.

The gourmet kitchen is a delight and features cabinetry by the premium cabinet maker Smallbone of Devizes. Floors are detailed with reclaimed floor tiles from France; Carrera marble countertops, classic subway tile backsplash and top-of-the-line appliances are other highlights. An adjoining dining area opens out to a lovely bluestone terrace through French doors while a well-appointed butler’s pantry with subzero refrigerator and two warming drawers adjoins the gourmet kitchen on the other side. A family room, mud room, flower room currently used as an office with a private entrance and two powder rooms complete the main floor.

A tranquil master bedroom suite is located on the second floor and features two fireplaces, octagonal sitting room, private balcony and spa-like en-suite bathroom. There are also four additional bedrooms with en-suite bathrooms and a sewing room. Completing the second floor is an additional three bedroom, two bath wing and a wrapping room with built-in cabinetry. The third floor features an expansive exercise room, spacious walk-in cedar closet and ample storage areas. Focal points of the finished lower level with handsome coffered ceiling include a generously-sized recreation room with fireplace and a 3,000 bottle temperature-controlled wine cellar.

Centrally located 30 miles from Manhattan, Harding Township in Morris County is celebrated for its rural landscapes, elegant estate properties and sophisticated country lifestyle. Residents enjoy easy access to Midtown Direct trains to Penn Station, New York and all commuting highways. Newark Liberty International Airport is conveniently located 20 miles away.

BUILT IN: 1927

LOT ACRES: 43.61

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Our History Here: Landfall

Unless you’ve lived in the area for a very long time, you probably don’t remember the days before Landfall. Once upon a time, the 2,200 acres that make up Wilmington’s first gated community were one large tract of woods bordered by what is known today as Eastwood Road, Military Cutoff Road, the Intracoastal Waterway, and Howe Creek.

Formerly known as Pembroke Jones Park, or Pembroke Park, Landfall’s earliest known owner was Pembroke Jones (1858-1919), a millionaire rice broker and railroad investor known for such a lavish lifestyle that he and his wife Sarah were thought by many to be the inspiration for the phrase “keeping up with the Joneses.” Used originally as a hunting preserve, the property was home to a large mansion, or lodge, constructed in 1909 and the site of legendary gatherings with friends and other prominent members of local society.

After Jones’ death 10 years later, the lodge sat abandoned for more than three decades before being destroyed by fire in 1955. A stone gazebo at the center of a restored garden is among the few remaining traces of the famous complex. Jones’ son-in-law, architect John Russell Pope, designed this enduring tribute to the property’s past and later created the Jefferson Memorial in Washington, D.C.

Jane Pope, architect Pope’s daughter and Jones’ granddaughter, eventually inherited the Pembroke Park property. Her husband Anthony B. Akers – a New York lawyer, real estate developer, and former U.S. ambassador to New Zealand – founded Landfall Development Co. during the 1970s and first proposed the idea of transforming the rural property into a residential community. The name paid tribute to the belief that Italian explorer Giovanni da Verrazano had landed on or near the site during his 1524 voyage up the Atlantic Seaboard for King Francis I of France. The vessel that you see in the Landfall logo represents Verrazano’s ship off the coast.

Akers’ sudden death in 1976 put the Landfall project on hold, but plans were revived a few years later by Landfall Associates, a partnership of the Weyerhaeuser Co., Chapel Hill developer J.P. Goforth (who would go on to build Landfall Shopping Center), and Frank Hawkins Kenan (1912-1996), a Durham businessman and philanthropist with strong family ties to the Wilmington area. New Hanover County officials approved the project in 1984, with construction well under way in 1986. The first clubhouse opened in May 1989, followed by two complete golf courses, a sports center, and a non-denominational chapel. By 1992, lots on Landfall were selling for $60,000, with home prices ranging from $225,000 to $1.2 million.

Many considered this premier residential neighborhood to be a game changer for the local real estate industry as well as the makeup of Wilmington’s population.

“When Landfall was starting in the mid-1980s, some of my agents worried that it would hurt values of other homes, like on Wrightsville Beach,” Jim Wallace, president of Intracoastal Realty, said in a 2012 Greater Wilmington Business Journal article. “But the exact opposite happened. It was a terrific plan, and it has developed a terrific brand in an unusual setting, with a buffer of Wrightsville Beach on one side and Figure Eight Island on the other. It actually raised property values outside Landfall and brought new people here from all over.

“At first, you know, as a gated community, a lot of local folks took a wait-and-see attitude because it was a new upscale community with people from the Northeast,” he added. “But that’s changed, and it’s the high-end portion of our county, at the top of three key areas: downtown, then the (New Hanover Regional) hospital area, and then the Landfall corridor.”

These days, Landfall encompasses more than 2,000 houses and lots with home prices starting at $369,900 and going up to $4.9 million, according to a recent real estate listing search. There are 29 miles of private roads winding around mature trees and immaculate landscaping, complementing an eclectic array of award-winning architecture. Some of the homes afford stunning views of both Wrightsville Beach and the natural marshes that comprise 320 acres of conservation land.

The community is active in philanthropy through the nonprofit Landfall Foundation, which was established in September 1995 when Kenan made an initial investment of $50,000. After residents raised another $50,000, his family matched that with another $50,000 donation. Since then, Landfall Foundation has awarded nearly $3.9 million to hundreds of local charities.

Now that you know Landfall’s past, let Intracoastal Realty help you make this exclusive area part of your future. We are a full-service real estate brokerage operating since 1976, and we currently have 13 offices with over 400 agents and staff to serve Southeastern North Carolina, including the areas of Wilmington, Wrightsville Beach, Carolina Beach, Kure Beach, Southport, Oak Island, Ocean Isle Beach, Leland, Hampstead, and Topsail Island.