2700 N Lumina Avenue, 320

Wrightsville Beach, NC 28480

$595,000

$1,053 per Sq.Ft.

Active
1 beds
1.5 baths
565 Sq. Ft.
Residential
Built in 1986
MLS #100439827

1 beds

1.5 baths

565 Sq. Ft.

Residential

Built in 1986

MLS #100439827

Condotel is certainly a curious portmanteau. But what does the word actually mean? Essentially, it is a residential condominium owned by individuals in a conventional manner, which operates on a commercial platform. And this makes it a rare bird, an opportunity to own a second home, but with all the advantages of commercial management. Shell Island Resort is the largest and best example of this type of ownership on Wrightsville Beach. Located on the north end, it has unparalleled views of hundreds of acres of pristine bird sanctuary and marsh land, powdery white sand beaches, and unobstructed ocean views. An onsite restaurant, pool side tiki bar, indoor and outdoor pools, and beachside cabana service complete this vacation package. No wonder vacationers come back year after year and Shell Island Resort boasts some of the best rental income of any property on the island. This well-appointed unit enjoys a coveted corner location on the south end of the south tower and can be purchased along with the other corner unit directly below. This feature presents a rare buying opportunity for an investor, or even an end user who desires to own two units in close proximity to each other. The location of these particular units is particularly unique, in that they can be directly accessed by the parking deck adjacent to the building, a huge advantage when loading and unloading luggage, or simply coming and going by vehicle. This property is entirely professionally managed on-site, however owners can self-manage their units or choose not to rent them at all. This feature and others, make Shell Island Resort the most flexible ''condotel'' on the island.

Interior Features

Total bedrooms

1 bedrooms

Full bathrooms

1 full bathrooms

Half bathrooms

1 half bathrooms

Kitchen appliances

Interior features

Furnished

Flooring

Cooling

Central air

Heating

Electric, heat pump

Exterior Features

Water front

Yes

Water features

Waterfront comm

Fencing

None

Exterior features

Concrete

Roof

HOA Information

HOA

Yes

HOA fees

$5,735.76

HOA phone

910-256-8696

HOA amenities

Beach access, cable, community pool, elevator(s), fitness center, flood insurance, indoor pool, laundry, maint - comm areas, maint - grounds, maintenance structure, management, master insure, pest control, restaurant, roof, security, sewer, spa/hot tub, street lights, trash, water, no pets, no tenant pets

Schools

Elementary school

Wrightsville Beach

Middle school

Noble

High school

Hoggard

Other Information

Tax assessed value

$295,000.00

Tax amount

$1,599.79

Tax year

2023

Zoning

C-4

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Listing provided courtesy of: Hardee Hunt & Williams. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.

About Wrightsville Beach

Named one of the South's best beaches and dubbed one of the top surfing towns in the world by National Geographic, Wrightsville Beach is known for its clean, spacious beach and picturesque setting.

Market trends

There were 5 new listings in Wrightsville Beach last month. The average time on market was 110 days and the average price of new new listings was $2,802,000. Over the last three months, the average sale price to list price ratio was 94.40%.

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Homes for sale

Wrightsville Beach offers a wide variety of home styles from laid back beach cottages to ultra modern estates.

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Wrightsville Beach

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2700 N Lumina Avenue, 320