Opportunities for Real Estate Developers
Real Estate development opportunities in and around Myrtle Beach.
Featured Property - Sea Mist, $27,500,000
- Total Planned Residential Units: 296
- Total Water Frontage (Intracoastal Waterway): 1,000 Linear Feet
- Total Water Frontage (Marshland): 890 Linear Feet
- Proposed Building Configuration: Three 12-story towers
- Land Area: 22.3 +/- Acres
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Zoning: MR 3200 Multi-Family Residential
AREA OVERVIEW
Sea Mist is located in Shallotte, Brunswick County, North Carolina. Situated at the mouth of the Cape Fear River, the Intracoastal Waterway and the Atlantic Ocean, Shallotte is a picturesque fishing village, ripe in history that has been, and continues to be, a popular vacation destination.
Centrally located to the beaches of the South Brunswick Islands, Shallotte is the shopping and professional hub of this area of southeastern North Carolina. Named for the scenic Shallotte River, which winds through the town, Shallotte is home to some of the most elite golf courses in the area, including Brunswick County's first golf course - Brierwood Golf Club - and Arnold Palmer's latest design, River's Edge Golf Course. There are more than thirty courses within a 20 minute drive and over 100 within an hour's drive.
Located approximately 30 minutes from both Wilmington, NC and Myrtle Beach, SC, Shallotte offers the ambiance of a quaint southern city, yet is within easy driving distance to medium-sized cosmopolitan areas. Shallotte’s appeal is additionally fueled by its moderate weather and relatively low cost of living.
Comparables
1. SEASIDE LANDING
- Seaside Road
- Ocean Isle Beach, NC 28469
- Year Built: 2006
- No. of Units: 52
- Unit Size: 1,400-2,000 SF
- Price Per SF: $309-$483
2. WATERWAY LANDING
- 1135 Park Road
- Sunset Beach, NC 28468
- No of Units: 54
- Year Built: 2005
- Unit Size: 1,100-1,300 SF
- Price Per SF: $338-$457
3. THE REGENCY
- 933 Shoreline Drive
- Sunset Beach, NC 28468
- Year Built: 2005
- No. of Units: 60
- Unit Size: 1,800 SF
- Price Per SF: $333-$405
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