Area’s 2nd Most Expensive Home Goes on Market

luxury real estate

14 E. Oxford Street, Wrightsville Beach, NC. Photo © Intracoastal Realty Corp. Used with permission.

Wilmington, NC – Priced at $6.2 million, 14 E. Oxford Street in Wrightsville Beach came on the market in November.  It is the second most expensive home listed for sale in the North Carolina Regional Multiple Listing System.

The newly listed property is more than 8,000 square feet and sits on a double lot with ocean views.  It’s many features include a four-bay garage, steel and concrete construction, a wine and humidor room, a large butler’s pantry, extensive built-ins, a professional chef’s kitchen, an elevator and an in-home spa.

The only property listed at a higher price is 7422 Sea Lilly Lane in Inlet Point Harbor on the south side of Wilmington.  It was listed in July for $8.2 million and has not yet sold.

A home at 7509 Masonboro Sound Road in Wilmington, was the second highest priced listing when it came on the market, also in July of this year.  However, the seller lowered the price of that home from $6,750,000 to $5,950,000 this past month.  It is now the third most expensive listing in the area.

As noted in Just For Buyers Realty’s July Luxury Report, the most expensive home ever sold in the Brunswick-New Hanover-Pender tri-county area was 710 Shoals Watch on Bald Head Island.  It went for $9.7 million in 2012.

If both 7422 Sea Lilly Lane and 14 E. Oxford Street sell at or near their listed prices, they will be the second and third priciest homes, respectively, to sell since the local MLS started tracking sales numbers in 1996.

Overall, the November Luxury Report shows better than average sales in both New Hanover and Pender counties.  The average number of luxury homes to sell in November over the past 10 years has been 4.4 in New Hanover County.  This November, New Hanover recorded six sales.  During the same ten-year period, there have been no sales over $1 million during the month of November in Pender County until this year, when there were two.

Luxury home sales were a little slower than typical in Brunswick County where the average number of high-end homes to sell during November over the past ten years is two.  This November, only one sold in Brunswick County.

November 2016 Luxury* Home Report

  New Hanover County
Nov 2016  / Nov 2015
Brunswick County
Nov 2016  / Nov 2015
Pender County
Nov 2016 / Nov 2015
Newly Listed 13 3 3 1 0 2
Went Under Contract 7 6 0 1 0 0
Closed # Homes Sold 6 3 1 6 2 0
Total Closed $ Volume $9.61m $4.19m $1.00m $7.98m $2.72m $0
Total Current Listings 131 n/a 78 n/a 14 n/a

*Luxury homes defined as those priced at $1,000,000 or higher. Statistics are from the North Carolina Regional Multiple Listing Service.

This report was compiled by Just For Buyers Realty, the largest exclusive buyers agency in southeastern North Carolina.  If you’re shopping for a luxury home in the greater Wilmington area, including Wrightsville Beach, Figure Eight Island, Kure Beach or along the Intracoastal Waterway, call Just For Buyers Realty at 910-202-4813.  Our Exclusive Buyers Agents pride themselves on being consumer advocates, not sales people.  You can count on them to do the research and provide you with the pertinent information you need to make well-informed choices.

#####

Speak Your Mind

*