Coastal Properties

Coastal Properties

Because I’m in Brunswick County, NC right now the focus today is coastal properties. Even the properties that are not on water here are very expensive. Several years ago when I was here everything was really cheap. I have asked the local REALTORS why.

It seems that this area was “discovered” when I-40 came through. That was immediately followed by a sewer line along highway 11. This caused a proliferation of huge golf course communities with million dollar homes. Progress is not cheap though.

The area is quite low and marshy and wetlands must be preserved. The abundant wildlife is what gives the area its allure. They don’t want to kill the goose that lays the golden egg. The sewer system was very expensing. The county bought all of the existing sewer plants within its borders and connected everything else. There are places that are flatter than Brunswick county but not many. I can just imagine how much pumping is required for the sewage. Most places it moves by gravity. The tap fee is $10,000.

One thing that really amazes me is that the foreign developers have not discovered this place. There are challenges to development here; but they cannot compare with the challenges faced in Europe. The wetlands and the high water table and the scarcity of the building materials are the biggest challenges. A few of the smaller municipalities have anti-growth policies. Most of the county is waiting with open arms. Do you need to meet some Brunswick County REALTORS? Send me an email.



David Segrest is a REALTOR with Segrest International REALTORS. His webpage is http://www.segrestrealty.com . His email is david@segrestrealty.com