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2700 N Lumina Avenue, 320, Wrightsville Beach, NC 28480

$595,000
Property Type: Residential Bedrooms: 1 Baths: 2 Square Footage: 565 Status: Active
Current Price: $595,000 List Date: 4/19/2024 Last Modified: 4/19/2024

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 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.

More Information MLS# 100439827

Contract Info

Sub-Type: Condominium Construction Type: Stick Built Status: Active Effective Date: 2024-04-19 Delayed Marketing?: No Delayed Marketing Date (DM): 2024-04-19 Listing Price: 595000 Current Price: $595,000 List Price/SqFt: 1053.1 Sub Agent Comm $/%: % Buyer Agent Comm: 2.5 Buyer Agent Comm $/%: % Variable Comm: Yes Stipulation of Sale: None

Location Information

Street #: 2700 Pre Direction: N Street Name: Lumina Street Suffix: Avenue Unit #: 320 County: New Hanover State/Province: NC Zip Code: 28480 City Limits: Yes Subdivision: Shell Island Resort Secondary Subdivision: N/A Geo Lat: 34.235538 Geo Lon: -77.77515

Remarks and Showing

Directions to Property: From Wrightsville Beach Bridge take E74 (Salisbury Street). Left on North Lumina - property at the northern end of the island Sign on Property: No

Property Exterior Info

New Construction: No Lot Dimensions: Condo Waterfront: Yes Waterview: Yes Location Type: Island

Property Interior Info

SqFt - Heated (Primary): 565 Total SqFt - Heated (Primary + Separate): 565 # Rooms: 4 # Baths - Full: 1 # Baths - Half: 1 # Baths - Total: 2 # Bedrooms: 1 Master Bedroom Level: Primary Living Area Stories: 1

Legal & Taxes

Tax Assessed Value: 295000 Total Real Estate Property Taxes: 1599.79 Deed Book: 2593 Deed Page: 58 Legal: 320 SHELL IS RESORT HOTEL Broker Owner: No PID: R05218-002-002-049 Tax Identifier: R05218-002-002-049 Plat Book: 7 Plat Page: 314 Special Assessments: See Agent Tax Year: 2023 Year Built: 1986 Zoning: C-4 HOA: Yes Cobra Zone: No Elementary School: Wrightsville Beach Middle School: Noble High School: Hoggard

HOA

Association Fee 1/Year: 5692.32 Association Name: Shell Island HOA Association Phone: 9102568696

Pets Allowed

Pets Allowed: No

Rooms

Dining Room Level: Main Kitchen Level: Main Living Room Level: Main Master Bedroom Level: Main

Property Features

Frontage Type: Ocean Front View Type: Ocean View; Water View Construction: Concrete; Steel Frame Unit Type: 1 Bedroom Exterior Finish: See Remarks Fencing: None Foundation: Pilings Fuel Tank: None Parking Features: Off Street; On Site Patio and Porch Features: Balcony; Covered On-Site Pool/Spa: Hot Tub; In Ground Roof: See Remarks Stories/Levels: 3rd Floor Unit Road Type/Frontage: Paved Lot Water Features: Waterfront Comm Cooling: Central Heating: Heat Pump Heating System Fuel Source: Electric Utilities: Municipal Sewer; Municipal Water Fireplace: None Furnished: Furnished Interior Features: Blinds/Shades; Furnished; Sprinkler System Heated SqFt: 400 - 599 Dining Room Type: Combination HOA and Neigh 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; Security; Spa/Hot Tub; Street Lights; Trash; Water; No Pets; No Tenant Pets Rooms: Dining Room; Kitchen; Living Room; Master Bedroom Terms: Cash; Conventional

Room Information

Master Bedroom Length: 13.00 Width: 10.00 Level: Main Living Room Length: 12.00 Width: 11.00 Level: Main Kitchen Length: 11.00 Width: 6.00 Level: Main Dining Room Length: 10.00 Width: 7.00 Level: Main
Listing Office: Hardee Hunt & Williams
Last Updated: April - 19 - 2024
2700 N Lumina Avenue, 320, Wrightsville Beach, NC 28480- MLS# 100439827
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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