Condotel is certainly a curious portmanteau. But what does the word actually mean? Essentially, it is a residential condominium owned by individuals in a conventional manner, which operates on a commercial platform. And this makes it a rare bird, an opportunity to own a second home, but with all the advantages of commercial management. Shell Island Resort is the largest and best example of this type of ownership on Wrightsville Beach. Located on the north end, it has unparalleled views of hundreds of acres of pristine bird sanctuary and marsh land, powdery white sand beaches, and unobstructed ocean views. An onsite restaurant, pool side tiki bar, indoor and outdoor pools, and beachside cabana service complete this vacation package. No wonder vacationers come back year after year and Shell Island Resort boasts some of the best rental income of any property on the island. This well-appointed unit enjoys a coveted corner location on the south end of the south tower and can be purchased along with the other corner unit directly above. This feature presents a rare buying opportunity for an investor, or even an end user who desires to own two units in close proximity to each other. The location of these particular units is particularly unique, in that they can be directly accessed by the parking deck adjacent to the building, a huge advantage when loading and unloading luggage, or simply coming and going by vehicle. This property is entirely professionally managed on-site, however owners can self-manage their units or choose not to rent them at all. This feature and others, make Shell Island Resort the most flexible ''condotel'' on the island.
Sold for $600,000 on 09/05/24
$600,000
2700 N Lumina Avenue #420, Wrightsville Beach, NC 28480
1beds
565sqft
Condominium
Built in 1986
-- sqft lot
$609,000 Zestimate®
$1,062/sqft
$2,218 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 06, 2024 at 07:40am
Listed by:
Team Hardee Hunt & Williams 910-256-6998,
Hardee Hunt & Williams
Bought with:
Tony Brigman, 303440
Keller Williams Innovate-Wilmington
Source: Hive MLS,MLS#: 100439828
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Primary bedroom
- Level: Main
- Dimensions: 13 x 10
Dining room
- Level: Main
- Dimensions: 10 x 7
Kitchen
- Level: Main
- Dimensions: 11 x 6
Living room
- Level: Main
- Dimensions: 12 x 11
Heating
- Heat Pump, Electric
Cooling
- Central Air
Features
- Furnished, Blinds/Shades
- Has fireplace: No
- Fireplace features: None
- Furnished: Yes
Interior area
- Total structure area: 565
- Total interior livable area: 565 sqft
Property
Parking
- Parking features: Off Street, On Site
Features
- Stories: 1
- Entry location: 4th Floor or Higher Unit
- Patio & porch: Covered, Balcony
- Pool features: In Ground, Pool/Spa Combo
- Fencing: None
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
- Frontage type: Oceanfront
Details
- Parcel number: R05218002002069
- Zoning: C-4
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Concrete, See Remarks
- Foundation: Other, Pilings
- Roof: See Remarks
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Location
- Region: Wrightsville Beach
- Subdivision: Shell Island Resort
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $5,823 monthly
- Amenities included: Roof Maintenance, Waterfront Community, Beach Access, Elevator(s), Fitness Center, Flood Insurance, Indoor Pool, Laundry, Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Security, Sewer, Spa/Hot Tub, Street Lights, Trash, Water, No Pets, No Tenant Pets, Cable TV
- Association name: Shell Island HOA
- Association phone: 910-256-8696
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$609,000
2% more+$12,180
With Zillow Showcase(estimated)$621,180