are there any folks on here interested in coastal properties?

such as waterfront... carteret county type stuff

I'd prefer that area, but as long as the lot is waterfront with boat access and not too far from an inlet I am interested

8/20/2006 9:49:27 PM

yeah good luck with that.

those values have gone up so much.


i actually thought of buying a few properties on an interest only loan about a year ago as an investment peice.

wish i would have

[Edited on August 20, 2006 at 11:00 PM. Reason : e ]

8/20/2006 11:00:16 PM

yeah.. well I don't have to have prime beaufort or morehead city property

I'm looking further east than that

I've seen some properties that are affordable... esp if 2 or 3 want to invest in them

8/20/2006 11:03:16 PM

Further east than Beaufort? Isn't that in the ocean or something?
I've considered buying into one of those 4-8 way partnerships in the past.

Quote :

"yeah good luck with that. those values have gone up so much."

It is already switching to a buyer's market. Had you thought about it two years ago you might be sitting pretty, but I wouldn't want to be on an interest only loan in today's beach market.

8/21/2006 1:36:40 PM

atlantic beach faces south. you can go further east.

Try Cedar Island. Small place. But really nice.

8/21/2006 1:42:03 PM

thats the area I am looking

cedar island, harkers island, etc etc

I'm not really into it for the super appreciation of beach properties

I want it for a place to build a beach home with water access

I will hang on to what I get for a long time, not just a 2-3 year turnaround

8/21/2006 1:49:09 PM

I am interested... let me know if you are looking for others to go in with you.

8/21/2006 2:21:28 PM

thats pretty much what I am trying to do

buy a big enough lot to split up into different homesites

and everyone that does it splits the bill on a dock

the dock is owned by everyone while the lots are personally owned

8/21/2006 2:23:27 PM

I may be interested depending on price. I'd like to secure a piece of land now that I can build upon later. I've driven up 70 to Harkers Island, Cedar Island etc. It's a nice area.

What price range would you be targetting for the lots?

[Edited on August 21, 2006 at 3:20 PM. Reason : s]

8/21/2006 3:12:30 PM

it depends on the size of the lots

I found a VERY large lot in Sea Level for a great price, but I gotta talk to the agent there and see how deep the water is there, and how much of the property will perk


I'd like to get 1-2 acres if it is really nice property, because 1/4 acre lots aren't bad to have at the beach
I don't want to pay over 30-40K an acre

this one in sea level is 50 acres... and a good deal with possible timber on it to help pay for it

[Edited on August 21, 2006 at 3:31 PM. Reason : ...]

8/21/2006 3:30:15 PM

Quote :

"I found a VERY large lot in Sea Level for a great price, but I gotta talk to the agent there and see how deep the water is there, and how much of the property will perk"

not very deep, and very little perks, especially if any of it is bordering marshland. but out of 50 acres, you could probably get at least 30 to perk... that's a large parcel.

if you dredge, you'd have to do it once a year or so

what kills me is there's thousands of acres of land that's taken up with Smyrna Farms and Open Grounds Farms that is obviously great land that isn't used. they grow soy beans to feed to the cattle that they DON'T sell... getting into a whole other eastern carteret county topic/rant here though

[Edited on August 21, 2006 at 3:53 PM. Reason : *]

8/21/2006 3:51:19 PM

yeah... there isn't much out at Sea Level, but hell if 30 them will perk and the water isn't too shallow I'll be good to go


I've been trying to get in touch with the agent today

yeah, those farms are huge, I mean damn... you can see open grounds from any satellite image of the state

yeah... if it is too shallow and has to be dredged alot then it's pointless, but from the map I've seen it should be navigable waters there

8/21/2006 4:00:30 PM

most places can have a dock that will be usable anytime except right at low tide, unless you have some bigass boat

8/21/2006 4:06:15 PM

yeah... right now the biggest boat that I would dock would be a 25 footer

as long as I can get the property figured out and get a dock built that has water underneath it

8/21/2006 4:14:00 PM

well, now to find the land

I've been pre-approved for a good loan on beach property

8/21/2006 6:11:05 PM

found some properties down that way

am currently talking to an agent to determine what will perk on these properties and what the covenenaces are

I've found what will be some great deals if I am allowed to split the property up into lots


the sea level property sucked.. it was 66 acres, only thing that can perk is one small area and thats for a 2 BR house only

not to mention that the water wasn't deep enough for anything more than a skiff

8/23/2006 10:55:56 AM

figures

8/23/2006 10:57:38 AM

yeah... I figured that was the situation with that price tag

some good stuff around core creek though... I'm gonna check it out friday

8/23/2006 11:08:13 AM

i might be down in 1.5-2 years if i get stationed at Cherry Point. I'll probably try to get a place around Morehead City.

8/23/2006 11:15:43 AM

thats where I am looking right now

I want to go ahead... around morehead I only see the market going up

8/23/2006 11:18:29 AM

what are you looking to do with it? move there permamently? rental property? 2nd residence?

8/23/2006 11:21:47 AM

right now I plan to get a large lot, break it up into seperate lots for houses all with deeded water/dock access

gonna build a pretty nice second house, nicer than the one I am building here because I plan to eventually live there full time.

8/23/2006 11:24:27 AM

if i get stationed there (which i'll know in a couple of months), i MIGHT be interested in getting a place there. I'd rent it out for a year until i actually get there, then probably keep it as rental property whenever i get stationed somewhere else.

8/23/2006 11:26:18 AM

yeah, thats not a bad plan at all

great tax benefits of owning a rental property at the beach

I think over the years that the morehead/beaufort area will keep going up unlike wilmington which has just started dropping somewhat

I'm not really looking for investment property as much as I am a nice place to eventually live that will have a shit ton of equity down the road

8/23/2006 11:29:12 AM

yeah, i've thought about trying to buy a house everywhere good (and with a market conducive to buying as an investment) that i get stationed. i wouldn't mind have a place at San Diego or Whidbey Island (whichever one I go to), or Morehead City/Beaufort, SC (whichever one I go to).

8/23/2006 11:57:21 AM

Word...keep me updated on what you find.

8/23/2006 11:54:20 PM

gonna visit with an agent in beaufort tomorrow


I may get land that is near there, but not waterfront...


waterfront stuff is well over 100K for less than an acre (and thats neighborhoods that can't even be subdivided)

8/24/2006 3:16:19 PM

i remember when the couldn't give away that shit

now it's all hoity toity mofucks who think they're better than everybody else

8/24/2006 4:44:44 PM

give me about 3 years and i'll go in on it with ya

you'd make a kickass neighbor

8/24/2006 6:11:43 PM

yeah true


found 10.5 near Oriental that I liked

all deep water access


I would consider this property

but beach property may go down if this storm tears stuff up... which is bad, but can be good for buyers

8/28/2006 3:12:49 PM

or it could go up.

when Ivan tore up Pensacola a couple of years ago, values of the surviving stuff went THROUGH THE ROOF.

8/29/2006 2:53:08 PM

alot of people buy land in cash and don't worry about insurance when that happens

8/29/2006 2:56:51 PM

How much for the 10.5? How many homesites do you think it will support?

8/29/2006 4:39:33 PM

pm sent

8/29/2006 4:54:59 PM

ive been interested for a while, looking for sound stuff as well.

suggestions?

8/31/2006 4:55:50 PM

pine knoll shores

8/31/2006 10:39:16 PM

my coastal property was just on the national news

underwater

9/6/2006 5:24:39 PM

9/6/2006 5:29:37 PM

good thing its only land

9/6/2006 5:35:08 PM

before you buy anything spend the money to have a liscensed soil scientist go look at it or ask to see a stamped map with the useable area on it, dont take anyones word for it esp. if they are trying to sell it to you. It is possible that they can identify more land than a sanitarian would because they can spend more time on a tract.

a wetland delineation is needed to show the neuse river buffers on streams ( 50 or 100 ft.), US ACE juristictional wetlands, and CAMA wetlands. the buffers and setbacks can eat up a good amount of land. the good news is the septic system application rates are high down there so you dont need as much land as you do in wake county.

[Edited on September 6, 2006 at 10:15 PM. Reason : *]

9/6/2006 10:11:19 PM

A friend of mine bought a house in Pensacola pre Ivan, 5 months letter, Ivan happened, he had to get a new roof but the value went up 50k. It is in a nice neighborhood. Luck pays a rule in it.

9/7/2006 11:36:05 AM

I have owned my condo since May. It has gone up 10 grand since then. I wouldnt sell it for a dime under 175.

9/7/2006 5:36:46 PM

i live around new bern and do land development construction / permitting on subdivisions out east...i'm working on a big one in carteret co. - sea level right now, snug harbor with a partnership and beginning one in atlantic, coreview subdivision. our company is doing a huge one out in onslow co, holly ridge and we just wrapped one up in pamlico, river dunes. most of these subdivisions mentioned has a marina basin and channel to get to the sounds, and have been in discussions for 10+ years before construction.

anyways, to make a long story short, if you want to live on the water out east or really anywhere, your going to have to be ready to pay big bucks. and ewstephe was right, the question isn't really if the land will perk, its if you have enough 'uplands' to build on. permitting is a bitch, especially if you start talking about building docks in the water. if you stay below a 10 boat slip dock, its considered a minor cama permit--taking around a year to secure...however, if its over 10 slips, its a major cama permit and can take upwards of 3 years!

buying land out east in the coastal counties isn't just something that happens over night, it will take years of permitting and a ton of money. i can get you the names of some of the big investors in the carteret, pamlico, and onslow counties and they may tell you of some places to call, if that will help...and they can help steer you in the direction you may want to go. good luck and let me know if i can help.

9/8/2006 1:50:40 PM

yeah man, thanks... I'm not trying to build a big subdivision or anything

I'd really just like to have enough to put a few houses on and have a few boat slips, but I've about given up on finding alot of deep water access lots that aren't priced way too high

9/8/2006 1:53:28 PM

i gotcha...well, let me know if i can help or anything. all i really know about is the bigger developments. the guys that we work for they may know of something tho...

9/8/2006 2:43:26 PM

yeah the bigger developments are pretty much impossible to build down there without tons of money

I just wanted a smaller tract that can just be subdivided between me and friends

9/8/2006 2:52:46 PM

there is still affordable waterfront property out towards cedar island and harkers island, but that area has the worst deer fly infestation I've ever seen.

9/10/2006 8:12:16 PM

^ its to keep the retirees and people who want to develop out. The deer flies are viscious as hell.

Don't expect to find much along Highway 12 that can be developed to put boat slips for a 25 ft boat without needing to dredge to eternity. Its not very feasible. If you've ever spent much time on the water down there, you'd see that area is a bitch to navigate around.

My parents live in Arapahoe in a house my grandfather built after WW2. The development going on there is nuts nowadays.

9/18/2006 12:58:27 AM

we have a place at harkers island and are planning on rebuilding in the near future...prices there have gone WAY up...we are water front and the lot behind us sold for close to $1 million with no water access or view of the water and the "house" won't stand much longer...

my great granddad bought a cottage on harkers island for $2000 way back when and it's right on the water with a great view of the lighthouse...it's perfect

9/18/2006 2:08:25 AM

^^ where in Arapahoe?

my parents used to have a place down there

9/18/2006 8:23:26 AM