PLAY SMART: Savvy Tips On Buying A Vacation Home :: Wrightsville Beach

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We’ve all thought about it while lying on the beach or inhaling the fresh mountain air: “Why don’t we buy a vacation home?” Owning a vacation home can be a good decision if you buy smart.

Great Reasons To Buy A Vacation Home

They provide another investment that includes a mortgage-interest tax deduction.

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Whether you rent it out or not, you can deduct the mortgage interest as long as you use the home more than 14 days or more than 10% of the number of days the home is rented annually at a fair rental, whichever is longer.

Qualified second homes include houses, condominiums, cooperatives, mobile homes, house trailers, boats or similar properties that have sleeping, cooking and toilet facilities.

Here’s an interesting twist on the mortgage interest deduction: If you take out a home equity loan on your first home and use the funds to acquire your second home, the interest on the home equity loan is also deductible. That’s three mortgage interest deductions off your tax return!

Consult IRS Publication 936 for a complete discussion of how mortgage interest for a second home is deductible.

You can purchase your future retirement home now, at today’s prices.

Though your second home may be a vacation home now, if you buy right you can convert it into your principal residence later.

They can produce their own income.

Renting out a second home occasionally or often can help you pay for the property with OPM (other people’s money). Check with your tax advisor about how much of the upkeep and management expenses are deductible against your income.

Buying Tips From The Experts

Buy something within a reasonable distance.

Be sure you can get to your vacation home in a short amount of time. Before you make a final decision, travel the distance on a typical Friday afternoon to see whether the drive will be too much to deal with after a long work week.

Rent in the area several times before you buy.

If you really like a particular area, check it out during different seasons. This way you get to know the climate, people, pests, traffic patterns and other regional particulars first-hand.

Consult other owners.

Check with owners of nearby properties about public and private facilities, special maintenance required due to location or weather, the social climate, local development plans and prevalence of crime. Learning about the lifestyle of the area may help you narrow down your choices.

Think home first, investment second.

Although you may be able to generate rental income from your vacation home, it may not cover your ownership costs. (If you want to try real estate investments, give us a call to look at properties in the local area.)

Consider different styles of properties in a vacation area.

To minimize upkeep and have a more secure environment, a condo may be preferable to a single-family home. If you plan on converting it to a retirement home, consider what type of home you’ll want as a full-time residence.

 

Categories: Buying a Vacation Home, Figure Eight Island, Wilmington NC Neighborhoods, wilmington nc real estate, Wrightsville Beach NC

25 Reasons to Love Wilmington NC

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1. Beautiful Beaches and Waterways

Wilmington NC is situated on the southeast coast of NC and is bordered on the east by the Atlantic Ocean and the west by the Cape Fear River. The beauty and charm of Wilmington and the surrounding beaches equal or surpass any on the east coast. The many pristine beaches that we have to enjoy such as Wrightsville Beach, Carolina Beach, Kure Beach, Topsail Beach, Oak Island and Ocean Isle Beach are sure to captivate your heart.

 

2. Boating

The area’s many miles of coastline, rivers and sounds offer a variety of  watersports, boating activities, and quite a few harbors, marinas, and yacht clubs.

3. Fishing

Being located within minutes of one of the most protected inlets on the east coast, Wilmington offers bountiful fishing opportunities within minutes. Masonboro Inlet is located between the Southern tip of Wrightsville Beach and Masonboro Island. Also, the many creeks and bays located off banks channel and the waterways are a fisherman’s dream. You will see them fishing for drum, trout, and  flounder in the fall of the year.

3. Masonboro Island

Masonboro Island is an 8 mile long uninhabited island on the southern North Carolina coast between Wrightsville Beach and Carolina Beach and is part of the National Estuarine Research Reserve. Masonboro Island, only accessible by boat, is enjoyed by campers, surfers, anglers, and bird-watchers alike. The reserve consists of about 5000 acres, which about 4400 acres are tidal marsh and mud flats. The most northern end at Masonboro Inlet is the most popular area with its sandy beaches and protected waters. Any summer weekend you will see many boaters and campers prepared for a few days on the beach with tents, grills and water toys in tow.

4. Historic Downtown Wilmington NC

Wilmington is blessed with a beautiful and extensive historic district with magnificent and stately oaks, azaleas and oleanders. 230 blocks of downtown are on the The National Register of Historic Districts. The city embraces a lot of history and is fortunate that so much has been preserved.

5. Wilmington NC Real Estate

I cannot speak highly enough about the real estate offered in and around Wilmington NC, from the River to the Sea! Wilmington offers many affordable neighborhoods such as Whitney Pines to move up neighborhoods like Covil Estates with amenities, to luxury gated communities such as Landfall, or golf course neighborhoods like Porters Neck, and waterfront neighborhoods with marinas and boatslips such as Turtle Hall or Shinn Point . The choices are all right here in our great port city of Wilmington NC. Read the rest of this entry

Categories: Figure Eight Island, Uncategorized, wilmington nc, Wilmington nc schools, wilmington nc weekly events

Figure Eight Island | The Wilmington NC Real Estate Island

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figureeightFigure Eight Island NC real estate comprises a beautiful coastal community offering the ultimate in privacy and security located just minutes from the conveniences of Wilmington and Wrightsville Beach. Whether you’re looking for waterfront/oceanfront real estate on Figure 8 Island, for your dream home or second home for a beach vacation of a lifetime, Kay Baker & Associates of Sea Coast Realty can help you find premier Figure Eight Island, North Carolina, real estate! Come and experience the beauty, serenity and casual atmosphere of Figure Eight Island for yourself.

Homes for Sale in Figure Eight Island, NC

Homes for sale on Figure Eight Island, North Carolina are unlike any other oceanfront property you’ll find anywhere. Located on the Atlantic Ocean and accessible only by a private bridge, Figure Eight Island, North Carolina real estate is known for its proximity to over five miles of sandy white beaches, sparkling blue waters and abundant natural resources. Yet the island remains untouched by commercial developments like hotels and shopping centers.

See listing and more here...http://www.cbbaker.com/figure+eight+island+real+estate

 

Categories: Figure Eight Island, Gated Island NC, Waterfront Wilmington NC, wilmington nc real estate, Wrightsville Beach NC

Want To See An Awesome City :: Wilmington NC

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www.WilmingtonNC-realestate.com

Welcome to our awesome town…


Wilmington Chamber

In case you need a couple more reasons to love Wilmington NC…

1. Beautiful Beaches and Waterways

Wilmington NC is situated on the southeast coast of NC and is bordered on the east by the Atlantic Ocean and the west by the Cape Fear River. The beauty and charm of Wilmington and the surrounding beaches equal or surpass any on the east coast. The many pristine beaches that we have to enjoy such as Wrightsville Beach, Carolina Beach, Kure Beach, Topsail Beach, Oak Island and Ocean Isle Beach are sure to captivate your heart.

 

2. Boating

The area’s many miles of coastline, rivers and sounds offer a variety of  watersports, boating activities, and quite a few harbors, marinas, and yacht clubs.

3. Fishing

Being located within minutes of one of the most protected inlets on the east coast, Wilmington offers bountiful fishing opportunities within minutes. Masonboro Inlet is located between the Southern tip of Wrightsville Beach and Masonboro Island. Also, the many creeks and bays located off banks channel and the waterways are a fisherman’s dream. You will see them fishing for drum, trout, and  flounder in the fall of the year.

3. Masonboro Island

 

Masonboro Island is an 8 mile long uninhabited island on the southern North Carolina coast between Wrightsville Beach and Carolina Beach and is part of the National Estuarine Research Reserve. Masonboro Island, only accessible by boat, is enjoyed by campers, surfers, anglers, and bird-watchers alike. The reserve consists of about 5000 acres, which about 4400 acres are tidal marsh and mud flats. The most northern end at Masonboro Inlet is the most popular area with its sandy beaches and protected waters. Any summer weekend you will see many boaters and campers prepared for a few days on the beach with tents, grills and water toys in tow.

4. Historic Downtown Wilmington NC

Wilmington is blessed with a beautiful and extensive historic district with magnificent and stately oaks, azaleas and oleanders. 230 blocks of downtown are on the The National Register of Historic Districts. The city embraces a lot of history and is fortunate that so much has been preserved.

5. Wilmington NC Real Estate

I cannot speak highly enough about the real estate offered in and around Wilmington NC, from the River to the Sea! Wilmington offers many affordable neighborhoods such as Whitney Pines to move up neighborhoods like Covil Estates with amenities, to luxury gated communities such as Landfall, or golf course neighborhoods like Porters Neck, and waterfront neighborhoods with marinas and boatslips such as Turtle Hall or Shinn Point . The choices are all right here in our great port city of Wilmington NC.

6. Golf

You can truly enjoy golf year round at the many golf courses throughout the Cape Fear Region. Whatever your handicap, there are more than twenty courses in and around Wilmington that are a pleasure to walk. Some of the courses were designed by some of golf’s greatest names including Jack Nicklaus, Tom Fazio, Fred Couples and P.B. Dye, among others.

7. NC Azalea Festival

For more than 50 years, Wilmingtonians have enjoyed the biggest celebration of the year, The NC Azalea Festival. From the parade, artwork, garden tours, street fair, and rich history, there is truly something for everyone to enjoy. This year the Azalea Festival will be held April 1-5th. Come have fun with us!

8. USS Battleship NC

For all the history or military buffs, the USS Battleship NC is located just across the Cape Fear River from downtown Wilmington. You can tour the ship, take a history lesson, visit the museum or the ship’s store.

9. Wilmington NC Attractions

You will certainly never be bored with all the attractions to our area including the Zoo, numerous Museums, Cape Fear Riverboats, Airlie Gardens, Poplar Grove Plantation, Art galleries, live music and performing arts.

10. Churches

Wilmington is known for its many churches and their unique architecture. You will find one on almost every corner from any denomination you prefer.

11. Bald Head Island

Escape to the tropics! That is exactly how a visit to Bald Head Island will make you feel. Bald Head is located right off the Cape Fear River across from Southport, NC and only accessible by ferry or boat. The island is only traveled by golf cart and offers some of the most beautiful beaches and creeks around.

12. Figure Eight Island

Figure Eight Island, NC is located just north of Wrightsville Beach, NC . It is a private island, only accessible by a swing-bridge with a gatehouse and is bordered by the Intracoastal Waterway and the Atlantic Ocean. The island consists of 1300 acres and approximately 441 homes.  Figure Eight Island today is a beautiful coastal community offering the ultimate in privacy and security and just minutes from the conveniences of Wilmington and Wrightsville Beach, NC.

13. Thalian Hall Theater

Thalian Hall in Wilmington NC celebrated its grand opening October 12, 1858! 85 performances were presented that first year.  At the time, it was the largest Theater South of Richmond, Va. Thalian Hall was known by many names in its early days such as “The Wilmington Theater”, “The Opera House” and “The Academy of Music”. Thalian Hall today looks largely the same as it did in 1858, with its rambling ornate architecture.

14. Fort Fisher Aquarium

The NC Aquarium at Fort Fisher not only displays an assortment of waterlife, but also focuses on conservation of aquatic environments. The Aquarium is open to the public and is available for private events.

15. Warm Climate

The mild climate of the Cape fear region is a big bonus for residents and visitors alike. Golfing, watersports and a multitude of outdoor activities can be enjoyed year round. However, there are four seasons and their transitions are usually spectacular.

16. Southern Hospitality

You will always be in amazement of the southern culture and hospitality of the Southeast region of North Carolina. It is commonplace for southerners to stop on the street and ask you “how you are doing”. And, the courtesy of drivers will pleasantly surprise you.

17. Vibrant and Diverse Economy

New Hanover county is a good location for comfortable living and a thriving business environment. In fact, the Wilmington area was just ranked in the 6th position for cities with job and economic growth by Milken Institute.

18. Shopping

Shopping is delightful with the many strip centers, Independence Mall, Cotton Exchange in downtown Wilmington and the new Mayfaire Town Center with all the name brand stores like William & Sonoma, J Crew, Pottery Barn, and more.

19. Schools

The schools in New Hanover county are some of the best in the country. The recent ABC scores and AYP results are indicative of our excellent schools.

20. UNCW Wilmington NC

UNCW has been named numerous times “Best in the Southeast” by the Princeton review and one of the top three ‘Best Values” by Kiplinger’s rankings. Wilmington College opened its doors in 1947 and was granted 4 year status in 1963 after moving to its present location on College Rd.  UNCW presently enrolls nearly 12000 students.

21. Museums

Wilmington, NC is blessed with many museums such as the Cape Fear Museum, Cameron Art Museum, Wilmington’s Children’s Museum, Wilmington Railroad Museum and many more.

22. Nightlife

When the sun goes down in Wilmington, the downtown area lights up with neighborhood bars, pubs and restaurants. Not to mention the many restaurants and the like that have opened at Mayfaire Town center near Wrightsville Beach.

23. Events

The Cape Fear region is rich in happenings around the area. You can choose from annual fishing tournaments, crafts shows, festivals like the Azalea Festival, Jazz Festival or Riverfest and at Christmas, the Holiday flotilla.

24. Film Industry

Wilmington or “Hollywood East” has hosted the production of more than 400 movies, miniseries and TV movies. In fact, more revenue has been generated from Wilmington NC productions than any other US city except Los Angeles and New York. Just to name a few One Tree Hill is filmed here, Sleeping With the Enemy, Divine Secrets of Ya Ya Sisterhood and Forest Gump.

25. Airlie Gardens

Gardens by the sea best describes the lush formal gardens, lakes and magnificent oaks draped with Spanish moss. Airlie Gardens is home to the Azalea Festival garden party with its collection of over 100,000 azaleas. Airlie is also a popular setting for weddings, Airlie concerts, Oyster roasts, and enchanted Airlie during Christmas starting in November.

Categories: Figure Eight Island, Love to love Wilmington NC, Wilmington NC homes, Wilmington NC Neighborhoods, wilmington nc real estate, Wrightsville Beach NC

Wilmington NC Waterfront / View Real Estate from $83,900

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$89,900
1 Bed
1 Full Bath
0 Half Baths
                  www.WilmingtonNC-realestate.com

A Rental Machine $$ $14,473 in 2012! Top Floor Building 8 well maintained unit. Includes two Frigidaire AC Units, one in the master bedroom and in the living area purchased in 2012. New sofa…

$139,900
4 Beds
3 Full Baths
0 Half Baths

A fabulous find! Just 45 minutes from Wilmington, tucked away at Clear Run on the Black River. This sportsman retreat offers 4 bedrooms / 3 baths, fireplace, 2 kitchens and a wonderful…

$150,000
3 Beds
2 Full Baths
0 Half Baths

Beautiful waterfront lot with mature trees and landscaping. This property has been cared for and enjoyed for many years. It features a boat dock where you can fish or crab or park your Jon…

$164,900
3 Beds
1 Full Bath
0 Half Baths

Adorable 3 Bedroom Brick home situated on almost an acre of land on sturgeon creek. This home has recently been painted, refinished hardwood floors, new screened in porch among many more…

$175,000
3 Beds
2 Full Baths
0 Half Baths

Fisherman’s paradise. This waterfront canal 3 bedroom 2 bath home has 2 boat lifts (one covered)and boat dock just minutes from the ICW. In just a few more minutes you can be in the Atlantic…

$224,900
3 Beds
2 Full Baths
1 Half Bath

Great 2nd row – tidal creek townhome. Views of the ocean and sound. Beach access across street. Fully furnished. New kitchen cabinets, granite, dishwasher, stove. Wood floors in living, dining…

$235,000
3 Beds
2 Full Baths
1 Half Bath

Welcome to Hewelett’s Creek and marsh front living in Sawgrass. Sawgrass is in the Parsley Elementary School district and has community pool, tennis, clubhouse and exercise room. This 1,560…

$259,981
3 Beds
3 Full Baths
0 Half Baths

Relax in the Florida room while enjoying the views & summer breezes of the Intracoastal Waterway. Open living area. 2 bedrooms, 2 baths on main level. 1 bedroom & full bath in basement.…

$274,900
3 Beds
3 Full Baths
0 Half Baths

Home located on marsh in Surf City. Property has a dock with small flat bottom boat or kayak access, that leads to deep water. Home has 3 bedrooms and 3 baths, with fireplace, tile, Bamboo…

$279,000
3 Beds
2 Full Baths
0 Half Baths

Great Community on Bay Tree Lake, wonderful home on canal for relaxing mornings and afternoons. This home has three spacious bedrooms, large eat in kitchen, great Carolina room that overlooks…

For more waterfront please visit here….
Categories: Figure Eight Island, Uncategorized, Waterfront Wilmington NC, waterfront wrightsville beach, wilmington beach homes, wilmington nc, wilmington nc real estate, Wrightsville Beach NC

Where is Figure Eight Island, NC?

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Figure Eight Island Figure Eight Island, NC

Figure Eight Island, NC is located just north of Wrightsville Beach, NC . It is a private island, only accessible by a swing-bridge with a gatehouse and is bordered by the Intracoastal Waterway and the Atlantic Ocean. The island consists of 1300 acres and approximately 441 homes. Before the turn of the century,  Figure Eight  was only home to horses roaming on the dunes. Figure Eight Island today is a beautiful coastal community offering the ultimate in privacy and security and just minutes from the conveniences of Wilmington and Wrightsville Beach, NC. Figure Eight remains untouched by commercial developments like hotels and shopping centers, although there are many conveniently located nearby. Read the rest of this entry

Categories: Figure Eight Island

January 2013 Wilmington NC real estate Statistics

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Great news for Wilmington NC real estate!  January 2013 numbers are in and the market is looking great compared to January 2012 .  All the numbers are up except Days on Market, which is a great thing.  It looks like the market is slowly climbing back up.

Total Units Sold Average Sales Price Median Sales Price Total Dollars DOM New Listings
12-Jan 263 201,377 159,950 52,962,276 160 708
13-Jan 332 211,391 168,375 70,181,671 135 911
#  Difference 69 10,014 8,425 17,219,395 -25 203
% Difference 26.24% 4.97% 5.27% 32.51% -15.63% 28.67%

units_sold

 

 

 

 

 

For all the stats from prior year please visit here….

To view our local real estate market, please visit www.cbbaker.com.  The market has been hot.  Homes are getting multiple offers, which is something we have not seen in awhile.  Looking forward to a healthy spring and summer.

Categories: Figure Eight Island, wilmington nc, Wilmington NC Neighborhoods, wilmington nc real estate

JUST SOLD! Free Neighborhood Updates | Wilmington NC real estate

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More Seller Tips…..

Extensive Coldwell Banker Sea Coast Wilmington NC Concierge Service List for you to use when buying or selling a home.

Wilmington NC Concierge List

For all your Wilmington NC real estate needs, please visit www.cbbaker.com

Categories: Figure Eight Island, Landfall, Porters Neck Plantation, Selling your home, Wilmington NC Neighborhoods, wilmington nc relocation, wilmington real estate stats

What are the basic steps to selling my home? | Wilmington NC real estate

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Waving Blue Ribbon

  • Do your homework.
    Visit our website www.cbbaker.com  to size-up the homes-for-sale competition, read home selling articles on our site, consider reading a book on home selling, attend some seller’s Open Houses in the your area (ask us or see the local newspaper).
  • Hire a specialist.
    As neighborhood real estate agents that specialize in listing in your area, we know what it takes to sell in this market. We welcome your call!
  • Set the price.
    Ask your agent for an analysis of the local market and an opinion of the best price range for your home.
  • Set a marketing strategy.
    Have your agent discuss a marketing plan and include the main elements in the listing presentation.
  • Get the house ready.
    With your agent, take a hard, objective look at your home. Prioritize what needs to be done, and decide how much you can spend in time and money to make it look its best before opening it up to buyers. Get rid of all clutter and put some of your stuff in storage to make the rooms and closets roomier. Put together an information packet on local amenities, your utility bills and other helpful information.
  • Consider finding a reliable real estate attorney.
    The attorney can help review all the paperwork.
  • Keep on top of the process.

Stash some quick clean-up supplies close at hand, and do a fast run-through before letting a prospective buyer preview your home. Also, keep a notebook handy with a record of everyone who has come through (and their agents), and inform your agent after each visit. This can speed the follow-up that your agent will do. Remember to view homes on www.cbbaker.com or on your phone on mobile.cbbaker.com.

Categories: Figure Eight Island, Landfall, Porters Neck Plantation, Selling your home, Wilmington NC Neighborhoods, wilmington nc real estate, wilmington nc relocation

Gated Island | Figure Eight NC Real Estate Listings

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Figure Eight Island

 Figure Eight NC Real Estate Listings

Figure Eight Island NC real estate comprises a beautiful coastal community offering the ultimate in privacy and security located just minutes from the conveniences of Wilmington and Wrightsville Beach. Whether you’re looking for waterfront/oceanfront real estate on Figure 8 Island, for your dream home or second home for a beach vacation of a lifetime, Baker Wayne & Associates of Coldwell Banker Sea Coast Advantage can help you find premier Figure Eight Island, North Carolina, real estate! Come and experience the beauty, serenity and casual atmosphere of Figure Eight Island for yourself.

 Homes for Sale in Figure Eight Island, NC

Homes for sale on Figure Eight Island, North Carolina are unlike any other oceanfront property you’ll find anywhere. Located on the Atlantic Ocean and accessible only by a private bridge, Figure Eight Island, North Carolina real estate is known for its proximity to over five miles of sandy white beaches, sparkling blue waters and abundant natural resources. Yet the island remains untouched by commercial developments like hotels and shopping centers.

Please feel free to contact us with any questions or requests about homes for sale in Figure Eight Wilmington, NC, or any location in the Cape Fear Region. We have lived here all our lives and can help match a neighborhood with a home and schools. We know where the best shopping is and all the main attractions. If you are looking for a second home or investment property in Wilmington, NC, there are still real deals in the great coastal area, but you will need a real estate expert to help you. We are experienced real estate professional’s who have decades of home buying and selling experience in Figure Eight in Wilmington, NC area. Search all Figure Eight Island real estate on www.cbbaker.com

Please contact Baker, Wayne and Associates at 1-800-497-7325 Ex. 3607 or email bakerwayneassociates@ec.rr.com for the latest information.

  

 Please visit www.FigureEightOceanfront.com for virtual tour.

We can help you with everything you need to make your move easier.
 

 

Categories: Figure Eight Island, waterfront wrightsville beach, wilmington nc convention center, wilmington nc real estate, Wrightsville Beach NC


Kay Baker Associates | 1001 Military Cutoff | Ste 101 Wilmington, NC 28405 | kaybakerassociates@ec.rr.com | 910-202-3607 | Fax 910-338-2428

Copyright © 2017 Wilmington NC Real Estate Guide. All rights reserved. Disclaimer: All content on this blog is my own opinion and should not be treated as fact or relied upon when purchasing or selling real estate.