Call Just For Buyers Realty at (910) 202-4813 or Contact Us if you’re thinking about buying real estate in Leland NC market.
Leland, which bills itself as the Gateway to Brunswick County, is just west of the city of Wilmington. Its main thoroughfare is located a mere three-and-a-half miles from Wilmington’s historic downtown district, across the Cape Fear River. The area is home to many new and attractive residential communities, Leland was the sixth fastest growing city in North Carolina during the last decade (the adjoining towns of Belville and Navassa were first and second, respectively).
It’s population almost tripled from 2000 to 2010, and is now nearly 6,000 residents, as numerous retirees from the Northeast, Midwest and Mid-Atlantic states were drawn here by its abundant housing, low property taxes, proximity to attractive beaches, dozens of nearby golf courses, as well as the educational, entertainment and cultural attractions and fine restaurants of nearby Wilmington.
Leland features a mix of retail and financial establishments that meet its residents’ basic needs. Walmart, Harris Teeter and Food Lion have roots here and Lowe’s Foods plans to open a store soon. At least five banks have branches here.
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As a result of its rapid growth, Leland now offers a broad array of housing options, including single family homes, town homes and condominiums, in the low to upper mid-price range. Brunswick Forest, Waterford of the Carolinas, Magnolia Greens and Compass Pointe are examples of the well-designed communities built in Leland in the last decade that give buyers a choice of some very attractive amenities, including challenging golf courses, tennis courts, swimming pools, fitness centers and hiking and biking trails.
The combined town and county real property tax rate is $0.41 per $100 of valuation. (Personal property such as autos, trucks, boats, aircraft, motor homes, business assets, etc. are taxed at the same rate as real property.) The county is currently reevaluating property taxes, and the new rates will take effect in January 2012.
The down turn in the real estate market short-circuited Leland’s growth, and left it short of some amenities that would enhance its appeal. There are few fine dining restaurants or entertainment venues on Leland’s side of the Cape Fear.
Commuting in the morning and evening rush hours can be a nuisance as congestion slows traffic across the Cape Fear River. But solutions to these problems may not be far off. A high-end shopping center, including a fine restaurant, is planned for the Brunswick Forest development in Leland, and the completion of the I140 bypass should ease traffic woes. While Leland’s expansion has slowed compared to the height of the market, it is still relatively robust and has the potential to accommodate tens of thousands of additional housing units and substantial commercial development.
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