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:
Demolition Of Former Restaurant Building Underway At Mayfaire
Cece Nunn
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May 26, 2023
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Next Steps Revealed For Local Entrepreneur’s $1M Restaurant Competition
Miriah Hamrick
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May 26, 2023
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In Midtown, Mayfaire Office Developers Embarking On New Project
Cece Nunn
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May 26, 2023
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Additional $75M Released From Sale Of NHRMC
Jenny Callison
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May 25, 2023
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Tourism Officials Hope For Best Amidst Anticipation Of Drenched Memorial Day Weekend
Laura Moore
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May 25, 2023
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Renourishing Wrightsville Beach, as is the case in other area beach towns grappling with the same issue, isn’t just a matter of aesthetics....
Robert Parker, chief operating officer of Cape Fear Solar Systems, shares his top info and tech picks....
As of April, offshoot Craftspace Commercial had produced 10 40-foot refrigerated units for short- or long-term rental, provide secure storag...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.