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

$595,000
1
BD
2
BA
565
SqFt
List Price
$595,000
Status
ACTIVE
MLS#
100439827
Days on Market
91
Year Built
1986
Levels
3rd Floor Unit
Bedrooms
1
Bathrooms
2
Half-baths
1
Full-baths
1
Living Area
565
Neighborhood/Complex
Shell Island Resort
Unit Number
320
Stipulations
None

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 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.

Additional Information

Taxes
$1,599
HOA (annual)
$5,735
Available 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
Interior Features
Furnished
Cooling
Central Air
Heating
Electric, Heat Pump
Foundation
Other
Roof
See Remarks
Exterior Finish
Concrete
Waterfront
Yes
Lot Water Features
Waterfront Comm
Water
Municipal Water
Sewer
Municipal Sewer
Elementary School
Wrightsville Beach
Middle School
Noble
High School
Hoggard

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hardee Hunt & Williams.

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