$600,000
$625,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
565 SqFt
SOLD DATE : 09/05/2024
Key Details
Sold Price $600,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 565 sqft
Price per Sqft $1,061
Subdivision Shell Island Resort
MLS Listing ID 100439828
Sold Date 09/05/24
Style Steel Frame
Bedrooms 1
Full Baths 1
Half Baths 1
HOA Fees $5,823
HOA Y/N Yes
Originating Board North Carolina Regional MLS
Year Built 1986
Annual Tax Amount $1,618
Lot Dimensions Condo
Property Description
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 above. 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.
Location
State NC
County New Hanover
Community Shell Island Resort
Zoning C-4
Direction From Wrightsville Beach Bridge take E74 (Salisbury Street). Left on North Lumina - property at the northern end of the island
Location Details Island
Rooms
Primary Bedroom Level Primary Living Area
Interior
Interior Features Furnished
Heating Electric, Heat Pump
Cooling Central Air
Fireplaces Type None
Fireplace No
Window Features Blinds
Exterior
Parking Features Off Street, On Site
Pool In Ground
Waterfront Description Waterfront Comm
View Ocean, Water
Roof Type See Remarks
Porch Covered
Building
Story 1
Entry Level 4th Floor or Higher Unit
Foundation Other
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Wrightsville Beach
Middle Schools Noble
High Schools Hoggard
Others
Tax ID R05218-002-002-069
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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