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:
NCino Set To Sponsor New Cape Fear Museum Theater At Project Grace
Staff Reports
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Sep 3, 2024
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Tech Wilmington: Upcoming Events Calendar
Staff Reports
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Sep 4, 2024
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Folks Café Property Listed For Sale; Eatery To Remain Open
Jessica Maurer
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Sep 5, 2024
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Report: Area Office Vacancy Rate Remains Low
Cece Nunn
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Sep 4, 2024
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For each calcium test an employee completes themselves or shares with a family member, Monteith and Cape Fear Commercial donate a scan to so...
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Since its launch almost two years ago, the company has worked to develop predictive models that lenders can use to gauge a borrower’s risk m...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.