Oceanfront property values are a major economic driver in our region. It doesn’t take an economist to understand why: The oceanfront owner enjoys private views and direct access to the beauty of the ocean and beaches, as well as all other private property rights. That leads to higher prices for oceanfront property, which helps fund other sectors of the economy.
This past November, the N.C. Court of Appeals ruled that the privately owned “dry sand beach” (in front of your beachfront property) is subject to “public trust” rights that allow “enhanced public access” to that beach area.
Translating from legalese, this means that unless the case is overturned by the N.C. Supreme Court, as an oceanfront propert ownery:
Vantaca’s Balancing Act
Audrey Elsberry
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May 17, 2024
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Channel, UNC Law School Aid Wilmington Small Businesses
Audrey Elsberry
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May 16, 2024
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Developers Mark Opening Of $78M Apartment Project At Riverlights
Staff Reports
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May 17, 2024
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Two Apartment Projects Pitched For Kerr Avenue
Emma Dill
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May 17, 2024
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As Hurricane Season Heats Up, How Do Builders, Laws Prep Homes For Storms?
Emma Dill
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May 17, 2024
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Ocean City Beach was established in 1949 and became the first community in the state where Black people could purchase oceanfront property....
The top half marathon in each state was crowned based on nearly 20,000 votes from runners across the country....
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.