Most Expensive Home Back on Market Amid Strong Luxury Sales

417 Bradley Creek Point Road, listed at $3,295,000, was the most expensive new listing in New Hanover County during the month of April. Photo © Intracoastal Realty Corp. Used with permission.

WILMINGTON, NC – The most expensive home ever listed on the MLS serving the tri-county area is back on the market for $11,900,000. Located at 710 Shoals Watch Way on Bald Head Island, the home sits on 2.56 acres of oceanfront property.

Extensive and finely detailed woodwork throughout the 5,500 square foot house, including unique rafters designed to imitate whale ribs, contribute to this home’s impressive feel.  The “little extras” you’ll find in the area’s most expensive residence include multiple built-in window seats; many ship-lap covered walls; a custom lighting system with chandeliers that can be lower or raised; a commode with a heated seat; and an elevator.

The current owner purchased the truly remarkable home in September 2012 for $9.7 million.  The asking price was $15 million.  Requests for permission to use photos for this report went unanswered, but photos and video can be found online by searching for the property address.

This home’s return to the market coincides with a four-month run of year-over-year improvements in luxury home sales.

Total sales volume of high end homes in New Hanover, Brunswick and Pender counties was $13.77 million in April, compared with $8.21 million in April 2016.  There were 10 homes sold this April, compared to 7 last April.

 

April 2017 Luxury* Home Report

  New Hanover County

Apr. 2017  / Apr. 2016

Brunswick County

Apr. 2017  / Apr. 2016

Pender County

Apr. 2017 / Apr. 2016

Newly Listed 16 21 8 5 2 1
Went Under Contract 8 14 8 0 1 0
Closed # Homes Sold 5 5 4 2 1 0
Total Closed $ Volume $7.41 M $5.84 M $5.17 M $2.37 M $1.19 M $0
Total Current Listings 140 150 88 94 16 15

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

As the name implies, Just For Buyers Realty serves only buyers. In a state where buyers purchase real estate at their own risk, the company’s mission is to serve as Superheroes for Buyers, using all of the secrets of the trade to protect buyers at every stage of the process.

Contact Just For Buyers Realty by calling 910-202-4813 or by e-mail at [email protected], or visit www.JustForBuyersRealty.com.

#####

Speak Your Mind

*