Update WP-Cycle dimensions to 958w x 278h
Re-upload any WP-Cycle images after updating
dimensions in order to avoid image "stretching"

$7423 Mason Inlet Special Assessment & Shell Island Resort Condos

Shell Island Resort Condos and the Mason Inlet Special Assessment

shell island resort mason inlet assessment 2

 

 

 

 

 

 

 

 

 

Quick History on the Mason Inlet Rescue

http://www.starnewsonline.com/article/20120313/ARTICLES/120319907

“In 2002 the inlet, located between Figure Eight Island and Wrightsville Beach, was relocated about 3,000 feet to the north to rescue Shell Island Resort and other properties in the path of the waterway’s decade-long southward march.

The move came after years of debate, with officials fearing the sight of buildings crashing into the surf could devastate the region’s tourism economy and send beach property values tumbling.”

Shell Island Resort Condo owners & the Special Assessment

So the special assessment is to maintain the Mason Inlet, and it is a confirmed assessment as of 2013, is  $7423 and is good through 2017.  The owners can split it into 5 payments at 7% interest rates or they can just pay up front. It confirmed assessment so really the current owners are responsible for all of it. Now how that does or does not play out in a contract negotiation to purchase a condo for sale…well you have to take that “confirmed assessment” and its responsibilities with a grain of salt because it’s going to be worked out with whoever wants to buy the property. Some listings have already up front agreed that the Seller will pay their confirmed assessment. Over a thousand property owners along the inlet in Wrightsville Beach pay into this and it happened going back 10 years when the inlet was getting too close to some of the residential property and this was to preserve the residential residences and their long term viability. It will be renewed again no doubt in 2018 with with New Hanover County.  Rates are based on the value of the property and how close it is to the water.

Photos of Shell Island Resort Rescue

Look at the photo of the Resort now as opposed to 10 years ago.  HUGE difference.  (technical problem so more photos soon or go to the Starnewsonline link above for the gallery. It’s dramatic footage.

 

All photos found at gallery at our local http://www.starnewsonline.com/

sand dumped on shell island

 

 

 

shell island resort before mason inlet rescue project

 

 

 

 

 

 

 

 

mason inlet 10 years ago wrightsville beach

 

 

 

 

 

 

mason inlet emergency shell island resort

 

 

 

 

 

 

 

 

 

Price Range: $269,000 to $325,000 Price Average: $294,380
Size Range: 586 to 590 Sq. Ft. Size Average: 587 Sq. Ft.
Gallery List Map
1 5 of 5
Under Contract
Contingency
$ 325,000
2700 N Lumina Avenue #801
Wrightsville Beach, NC 28480
Shell Island Resort
Bed / 1/1 Bath
586 Sq. Ft.
Property Type: Condo
MLS® #: 100086525
Under Contract
Contingency
$ 325,000
2700 N Lumina Avenue #801 | Wrightsville Beach, NC 28480
Shell Island Resort
MLS® #
Property Type
Beds
Baths
Square Ft
100086525
Condo
1/1
586 s.f.
Unbelievable panoramic views from this 8th floor end unit at Shell Island Resort. Unparalleled views of Mason's Inlet and the north end of Wrightsville Beach
Under Contract
Contingency
$ 294,900
2700 N Lumina Avenue #313
Wrightsville Beach, NC 28480
Shell Island Resort
Bed / 1/1 Bath
586 Sq. Ft.
Property Type: Condo
MLS® #: 100080149
Under Contract
Contingency
$ 294,900
2700 N Lumina Avenue #313 | Wrightsville Beach, NC 28480
Shell Island Resort
MLS® #
Property Type
Beds
Baths
Square Ft
100080149
Condo
1/1
586 s.f.
Easy living in this fully furnished & updated ocean front unit. Equally great views from the 3rd floor w/o the wait of an elevator. Shell island offers indoor & outdoor pools, fitness center, business center, dining, pool side bar, hot tub & private beach access on one of the largest & quiet stretches of beach in the area. This unit is on the rental market through professional on site management so you can enjoy some quiet time to yourself & rental income as well. See attached owner's statement for rental income info.
Under Contract
Contingency
$ 294,000
2700 N Lumina Avenue #412
Wrightsville Beach, NC 28480
Shell Island Resort
Bed / 1/1 Bath
586 Sq. Ft.
Property Type: Condo
MLS® #: 100086526
Under Contract
Contingency
$ 294,000
2700 N Lumina Avenue #412 | Wrightsville Beach, NC 28480
Shell Island Resort
MLS® #
Property Type
Beds
Baths
Square Ft
100086526
Condo
1/1
586 s.f.
Tremendous opportunity to own your very own oceanfront condominium. Located on the 4th floor convenient to everything with looking over the Atlantic
Under Contract
Contingency
$ 289,000
2700 N Lumina Avenue #112
Wrightsville Beach, NC 28480
Shell Island Resort
Bed / 1/1 Bath
586 Sq. Ft.
Property Type: Condo
MLS® #: 100082550
Under Contract
Contingency
$ 289,000
2700 N Lumina Avenue #112 | Wrightsville Beach, NC 28480
Shell Island Resort
MLS® #
Property Type
Beds
Baths
Square Ft
100082550
Condo
1/1
586 s.f.
Great opportunity to own a rare, walk-out unit at Shell Island Resort. Steps to the pool and beach access. Great investment property. Call today to schedule a showing!
Under Contract
Contingency
$ 269,000
2700 N Lumina Avenue #220
Wrightsville Beach, NC 28480
Shell Island Resort
Bed / 1/1 Bath
590 Sq. Ft.
Property Type: Condo
MLS® #: 100085294
Under Contract
Contingency
$ 269,000
2700 N Lumina Avenue #220 | Wrightsville Beach, NC 28480
Shell Island Resort
MLS® #
Property Type
Beds
Baths
Square Ft
100085294
Condo
1/1
590 s.f.
Beautifully updated 1 bedroom oceanfront end unit. Great ocean views without the wait of an elevator. This convenient location on the 2nd floor is close enough so that you can see your vehicle while it is parked in the covered parking garage. Recent improvements include some new furniture, 18'' tile floors and total replacement of HVAC. Shell island offers indoor & outdoor pools, fitness center, business center, dining, pool side bar, hot tub & private beach access. All of this on one of the largest & quietest stretches of beachat Wrightsville. This unit is on the rental market through professional on site management so you can enjoy some quiet time to yourself & rental income as well. Sold completely furnished and has a larger refrigerator and a lockable owner's storage area.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
Under Contract
Contingency
$ 0
,
Bed / Bath
0 Sq. Ft.
Property Type:
MLS® #:
Under Contract
Contingency
$ 0
| ,
MLS® #
Property Type
Beds
Baths
Square Ft
0 s.f.
No listings available.
1 5 of 5

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *

Create An Account
Please Register To View Details
Why register? When you register, you will have the ability to save your favorite properties, email them to friends and family, leave comments, and save searches to update you when new listings hit the market. Use our powerful search tool for free

Except for possibly introducing myself to show you there is a real person behind the website, I'm too busy showing homes to people who reach out to me. So register my friend.
You'll get more out of http://JustNewListings.com so you know. Select Wilmington & Surrounding Beaches. Also shows you SOLDS at the bottom of each page.
Close
Request Showing or Information
*
*
*
Preferred Date
* indicates a required field
Close