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Spring in the Inner Banks
Spring Time 2008 in the Inner Banks
This spring has been very pretty in Pamlico County and the Inner Banks. Our weather warmed up into the 50's to 70's in early March. This year we had the wisteria, azaleas and dogwoods all blooming at the same time. It is unique that they were all in full flower at the same time. The Bradford pears were first to bloom in mid to late February. We have had some good spring rains so everything is lush and green.
Boaters have been out on the water all winter, particularly the speckled trout fishermen. Now, in early May we are starting to see the cruising traffic start to come thru heading north after their winter sojourn to Floriday, Georgia, Charleston and the Caribbean. My neighbor in his 39' C&C sloop came into Ball Creek on my birthday, April 29th after spending the winter in the Abacos.
Nancy and I took a spring trip to visit friends in Colorado. While we were in full bloom in NC we were treated to another snowstorm in the Rockies. I understand that everywhere north has had a lot of snow and that spring is still just a day here and a day there. Come on down and let us show you some great property and enjoy our wonderful spring weather.
Labels: Spring Time not in the Inner Banks
Lot 24, Bay Shore Estates, The Best Waterfront Lot and Value in the Inner Banks
-792278.jpg) Lot 24, Bay Shore Estates offer the waterfront lot purchaser the best of all worlds. It is large, private, nicely treed, and yet the underbrush has been cleared. The waterview is superb, and site for your dock is protected and deep. The neighborhood is well developed with both quality homes and friendly neighbors. The location of Bay River gives quick access to the hunting, fishing and recreational fun of the Bay River, and for cruising, you are just a few miles from the ICW, Pamlico Sound, Ocracoke on the Outer Banks and the Atlantic Ocean. The Gulf Stream is easily accessible for sport fishing thru Ocracoke, and it is ideal for cruising south to Beaufort, Charleston, Florida or the Bahamas and Caribbean. Similarly, the Pamlico River, Albemarle Sound, Norfolk and the Chesapeake are just hours away to the north for your summer cruising. Best of all, this wonderful lot is attractively priced at $229,900. The lowest comparable price for a large, private lot with a great homesite, waterviews and protected dock location is $250,000 and higher. Come take a look at this lot and great location in the Inner Banks. Call Nancy or Darrell for more information and/or more pictures. See You Soon!
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Labels: Bay Shore Estates, Lot 24
Why You Need an Independent Buyer's Broker When Considering New Development Property
 Many reason exist why you should use an independent, Buyer's Broker when considering a purchase of a home or lot in one of the great developments in Pamlico County or the Inner Banks. The number one reason is using Nancy or myself as your Buyer's Broker can get you the best value for your money. The number Two reason is that, due to our extensive market knowledge, we can save you from a costly mistake.
We have many excellent developments, both large and small, which offer a variety of amenities and opportunities to purchase waterfront and interior property. River Dunes, Arlington Place, Whittaker Harbor , Cutter Bay, Windmill Point,
 Bay Shore Estates, Cribbs Cove, Mason's Point, and Summer Winds are just a few of the properties currently available that offer amenities and wonderful waterfront opportunities. Nancy and I stay up on all the properties, their benefits, issues and most recent prices. We can help you get the most out of your money. This costs you nothing, as all the developers have agreements to cover our commission. In some cases this cost may actually be less than they are paying internally, so it could save you some dollars.
However, in some cases, we not only can help you make the best deal, but we may be able to save you from making a big mistake. The developer spends in most cases big dollars on the project and the marketing. They have no interest in seeing that you look into other, competing developments that might offer properties at a better price or have amenities more suited to your tastes. I'd never say that the developer would lead you astray, but in some cases they are not very clear about what might be an issue to you. I know we have helped clients in several instances when they were not aware about issues concerning water depth, home owners association costs or issues, sewer and septic issues and related problems.
In some cases these issues can turn out to be real problems, not just a matter of taste or preferences. In one instance we discovered that a developer had not adequately described a mitigation agreement that developer had with the North Carolina Division of Water Quality. This problem has severely hindered the lot buyers ability to build and/or sell their lots, and may result in litigation. The buyers never consulted an outside broker and used the developer's attorney to close. Without any outside opinion or market knowledge these people ended up in a situation where they are not enjoying ownership in the area and may lose some money. GIVE US A CALL BEFORE YOU ENTER INTO A DEAL WHERE THE ONLY PARTIES ARE YOU AND THE DEVELOPER! Most of the developers are great people and sell a great product. However we can help you get the most for your money, and, in the extreme case, help protect you from making a big mistake. Talk to you soon. Nancy and Darrell, 252-229-7077
Labels: River Dunes Idea Home and Harbor Club, Winter 2007
The Big Mason's Point Auction, March 29, 2008
Mason's Point is a waterfront and interior lot development on the south side of the Bay River. It is near Timber Point to the west and Bay Shore Estates to the east, along Florence Road. This past weekend the owner/developers held an auction at the Sheraton in New Bern. I received many calls in advance of this event from buyers interested in the Inner Banks and Pamlico County. About a year ago the developer opened this development and did sell approximately 5 waterfront lots at prices of $300,000 or greater, and a series of interior lots in the range of $50,000 +/-. Since then, as with other developments, sales have been slow. It is my impression that this auction was more of a sales event than indicative of any problems with the developer.
The auction was attended in person by 40 or so people and got underway at 11am. It was also live online at the auctioneer website. The auction went through 2 rounds of bidding, and bids were received on all the lots. I talked with those bidding and they were builders and/or investors. I do not think they were individual lot buyers that wanted to live at Mason's Point. I do not know much about auctions, but, at the end of the two rounds of bidding, the reserve prices were put on the board. Since the reserve prices were higher than the bids, none of the lots were sold to my knowledge. The prices for the reserve put the waterfront lots in the $190,000 to $220,000 range. This was a considerable discount to the prior prices, but more in line with current market values. This development has great water views, but does not afford great depth for docks or large boats.
If you want information on lots along the Bay River that are both excellent lots and great values, give me a call as we have more than a few listings that meet this criteria. For a waterfront lot larger than one acre, with good view and/or water depth for your boat, the current market is around $200,000 to $250,000. This is down significantly from a year ago, and still much more affordable than Oriental or Broad Creek (where River Dunes is located) and much lower than surrounding markets like the Chesapeake, Beaufort/Morehead or Myrtle Beach. Once in a while we do get these premium lots for less than $200,000 but this is rare and usually dependent on a seller that has outside circumstances compelling a sale. When this does occur the lots sell reasonably quickly. Most of the waterfront lots that are less than $200,000 are for a good reason, such as shallow water depth, difficult home layout, etc.
Give us a call or a visit. We'd be glad to send you information on the great lots and great prices that are currently available!
March 29, 2008 - The Oriental Dog Parade
The Annual Oriental Dog Parade
This year the annual Oriental Dog Parade was held on Saturday, March 29, 2008. It was the third annual Dog Parade, and was again a big success. More than 120 dogs were entered and paraded, and hundreds of additional dogs and dog watchers viewed the parade. The parade went down Hodges, past the harbor and ended at Lou-Mac Park, where they held the judging. Many of the dogs won awards, which are plentiful in the spirit of the event. Everyone was a winner. Oriental does not have leash laws and many of our township dogs can be found at The Bean, The Tiki Bar, or other venues where people gather. Many of the dogs are known to most of the residents. Given the low traffic and slow speeds it all seems to work well.
One of the winners this year was Libby Ferdinandsen and her dogs, Skye and Barkley. Libby works with her dogs and they are high level competitors in agility dog training, have won many awards locally, regionally and nationally. Barkley might have won national honors a few years ago if he had not stopped during his agility track to bolt into the stands to grab a stray sandwich left on a bench. He still made the run in almost record time. He keeps clear sight of the important things in life. They won for "Funniest Costume" as Barkley came as "Biker Bark" and Skye was a lady sailor. Next year if you are down in the late spring, be sure to catch the Oriental Dog Parade.
Labels: Barkley and Skye Win Funniest Costumes, Libby
BEST WATERFRONT VALUES, March 2008
BEST REAL ESTATE VALUES, March 2008
As some of the national real estate markets have plummeted, our values in the Inner Banks have remained relatively stable by comparison. However, some owners are under pressure and they are lowering their prices dramatically. This is creating some great value buys of wonderful waterfront and Inner Banks real estate opportunities. Here are a few examples >
1. 3 Bedroom Home, recent brick construction, spacious, well designed and constructed,
comes with a nearby boat slip, near Oriental. Originally listed at approx $375,000, now
listed at $249,000. A real steal!
2. 2 Interior lots in upscale, waterfront neighborhood totalling approx 3.4 acres with
1 boat slip and potential to acquire 2 more boat slips. Original list price above $250,000
now available for $145,000! Keep one lot, sell one with a boat slip when the market
is stronger and have minimal invested in this large, private neighborhood lot.
3. Waterfront Home with new concrete dock, in nice neighborhood. 3 Bedroom, great
waterviews and excellent privacy for the home and lot. Listed at $369,000, the best
price on a good waterfront property.
4. Interior Lot with boat slip, great waterview, subdivision has clubhouse and
pool. The lot is 1+ acre and ready to build with a list price of $139,900.
5. Waterfront Cottages on Dawson's Creek, with boat slip. Newest and
best properties in cottage or condo market in Pamlico County. List price of
$429,000 for next two units to sell is reduction of $50,000+ from prior list price
and last two units to sell in 2007 sold above $465,000.
Cribbs Cove Cottages and Boat Slips - Your Piece of Waterfront Life
Cribbs Cove Cottages and Boat Slips, Spring 2008
We are pleased to be offering the remaining cottages at Cribbs Cove. These beautiful cottages come finished to perfection and with a brand new boat slip on protected Dawson's Creek. These cottages afford the perfect waterfront setting for all your waterfront enjoyment > fishing, boating, a peaceful sunset on Dawson's Creek while your shrimp speckled trout dinner is cooking, or a beautiful morning to set out to explore the Neuse River, Pamlico Sound and ICW down to Beaufort and Morehead City. These 3 bedroom, 3 bath cottages are attractive, comfortable and afford wonderful waterfront views of Dawson's Creek. With full appliances, wood floors and granite countertops, these are among the prettiest properties available in the Inner Banks.
They also are great investments, as you can rent these on short or intermediate term rentals. Similar units are available on VRBO for over $300 per night, with a two night minimum, as well as weekly, monthly and seasonal rentals. These units are listed at $429,900, with immediate availability, or buy one of the units remaining that have not yet been constructed and add your own details. Give Nancy or myself a call to discuss Cribbs Cove and the wonderful opportunities they offer for waterfront living on an affordable basis!
Labels: Cribbs Cove Cottages and Boat Slips, Dawson's Creek, Spring 2008
Great Waterfront Lot and Boat Slip Value, Spring 2008, Lot 6, The Cloisters
We have many excellent values in both waterfront lots and interior lots with boat slips available this spring. The Buyer's Market has brought many listed prices down, and the new lots coming on the market are showing some attractive prices. Lot 6, The Cloisters is one of these exceptional spring 2008 values. This 1.08 acre lot has a good waterview, a new, concrete boat slip on Kershaw Creek just a short walk away from your homesite, and the clubhouse and pool across the street. Listed at $139,900, and very close to Oriental, this is one of the best values in the county this spring.
Spring 2008 Lot and Boat Slip Values - Lot 6, The Cloisters
Labels: Lot 6, The Cloisters
Oriental Chowder Festival, March 15, 2008
We woke up very wary this morning, after all, it is the Ides of March. However, in Oriental, NC it is a beautiful spring morning and we are enjoying the Oriental Chowder Festival. We had approximately 20 entrants in the chowder cookoff, and, as you can see, it was a great success in both attendance and culinary showmanship. The entrants ranged from local fire departments, to challenges between the restaurants and chefs, to long term residents that just know their recipe for downeast chowder surpasses all. It was great fun and a great opportunity to see friends from all over the county as well as the Inner Banks area. Quite a few people took advantage of the great weather to boat to the Chowder Festival. Come on down next year during Chowder Festival and enjoy the weather, food and friendship of Pamlico County and the Inner Banks.
Labels: 2008, March 15, Oriental Chowder Festival
Summer Winds - River Front Lots on the Neuse River
  Have you dreamed of owning your own riverfront lot in the Inner Banks with a spectacular view of the Neuse River and Pamlico Sound? Now, at Summer Winds, you can have a fabulous riverfront lot and at an affordable price. Our Summer Winds lots, just south of River Dunes on Orchard Creek Road are high, dry and available from the high $200,000 level to a maximum of $329,000. These lots compare favorably in width and depth to the riverfront lots offered by River Dunes for $600,000 and up. And they both have the prime amenity > that spectacular view. So, give us a call at 252-229-7077 and let us send you information of the 11 waterfront lots offered in Summer Winds. Exciting Waterfront Lots on the Bay River and Trent Creek
December 2007 - Bay River and Trent Creek have some of the best, and most affordable lots available in Pamlico County. All the following lots range between $209,900 and $319,900, and offer panoramic views, protected water for your own dock, enough size (minimum is 1+ acre to a maximum of 3+ acres) for your privacy, and great waterfront enjoyment. The new Cutter Bay development on Bay River, with a grand opening in April 2008, with waterfront lots of 1/2 acre or less, and starting at $350,000 will also make these lots a great investment value by the end of 2008. Call Darrell or Nancy now to get more information of this waterfront opportunity.
Lot 24, Bay Shore Estates
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Lot 14, Bay Winds
Lots 10, Bay Winds
Lot 3, Timber Point
Schooner Landing, Lots 7 and 8
Davenport Landing, Lot 9
Christmas Eve 2007, Ball Creek, NC
  Christmas Eve 2007 in Ball Creek, NC was a beautiful Carolina Blue Sky Day, with temperatures approaching 60 degrees, a great day for water and holiday activities. For your waterfront home on Ball Creek, call Nancy at 252-229-7534 and be here next Christmas! DEVELOPMENT PROPERTIES, DECEMBER 2007
December 2007 - For the best development properties for 2008, call Darrell to get the details for Lancaster Landing, 82 acres of prime waterfront property, soon to have a 109 slip marina permit; River Shores, Bridgeton, 67+ acres with a current permit for 105 wet slips, 400 dry stack slips, and sewer served; River Harbour, 25 acres of trophy development land on the shores of the Neuse River in New Bern; and Minnesott Beach Multi-Family site, 19+ acres of riverfront, boat ramp and beauty on the Neuse River in Minnesott Beach. Call Darrell @ 252-229-7077 for all the information.
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