110 Acres - South Topsail Island

Vacant Land for Sale
Catylist Listing ID: 30472927
Property Subtypes: Multi-Family, Residential (Single Family), Vacation/Resort, Other
Gross Land Area: 110 Acres
Sale Price: $7,950,000
Unit Price: $72,272 Per Acre
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 10/8/2020

Overview / Comments

This offering presents a very unique opportunity to purchase one of the last remaining large oceanfront tracts in the region. The Subject is the southernmost parcel of Topsail Island, a 26-mile long barrier island located off the coast of North Carolina that includes the coastal towns of Topsail Beach, Surf City and North Topsail Beach. The +/- 110 acre tract benefits from well over one mile of water frontage along the Atlantic Ocean, New Topsail Inlet and Bank’s Channel, with the latter providing convenient access to
the Intracoastal Waterway (“ICW”). New Topsail Inlet is a migratory inlet that is adjacent to the Subject and serves as its southern boundary.
For nearly 300 years, New Topsail Inlet has consistently and steadily migrated south; estimates suggest that the inlet’s southwest migration has occurred at an average rate of 125 feet per year during the past 275 years.* The migration pattern of New Topsail Inlet is of significance because while other beaches have seen trends of erosion, the Subject has considerably increased in size due to the steady and consistent accumulation of sand along the oceanfront and southern boundary.
*SOURCE: Warren, J., Richardson., K. (2010): Inlet Hazard Area Boundaries Update: Recommendations to the North Carolina Coastal Resource Commission. North Carolina Division of Coastal Management.

Additional Details

Nearest MSA: Jacksonville
County: Pender
Taxing Authority: Town of Topsail Beach
Tax ID/APN: 4201-59-8862-0000
Zoning: C-4
Highway Access: Subject’s three points of access include: Shore Line Drive (public road), Inlet Avenue (public road) and a 60’ access easement via Serenity Point.
Zoning Description: C-4
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,216 12,726
Median Age: 45.39 44.89
Households: 3,073 5,175

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