Kure Beach = Wrightsville Beach Lite

Kure Beach=Wrightsville Beach Lite

Hello everybody this is Jay with wilmington-real-state.com the owner of ocean views real estate out of Leland. Last week I had a brief interaction; I saw a home go under contract in I believe one or two days, and that made me go holy crap I think it was this one– it's 633 Fort Fisher– and that one has got the pool front at  Kure Beach real estate. And the details are it’s six bedroom 3500 square feet. It took about 8 months, but 3.5M and it’s under contract. I said oh my gosh that is like Wrightsville Beach oceanfront prices from a few years ago. And then I spoke to the listing agent and said Kure beach has becomeWrightsville Beach lite. And I I was like because these prices are just so intense compared to a few years ago, and she called little Wrightsville! I thought that was funny so it made me want to go but check because Kure Beach has become Wrightsville Beach Lite.  The prices are insane for oceanfronts there now compared to a few years ago. You had…here's a five bedroom 2640 square feet for $1.4 million and another one from $1.25 million. Okay now we fast forward to today and you get a five bedroom for or four bedroom for $2.6 . Here’s a 6 bedroom $3.5 million for these the back then. And a six bedroom was $1.95 so we've gone from $1.95M to $3.5 million. That is just crazy for similar size homes 4200 square feet $1.95 now same square footage $3.5 million. So I'm now going to call Kure Beach… Wrightsville Beach Lite. Or how did she put it again? Little Wrightsville Beach. 

 I just thought that was fascinating and this captures a video I did like back in 2018. And I called it how to not get priced out of North Carolina real estate. But the focus was this home in Kure Beach was I believe in 1322 South Fort Fisher or something like that. And my guy was buying this home from somewhere in the northeast like Connecticut or something. And we got this 399 second row–you had some good ocean views from the porch here–and sure enough six years later this 399 house I would venture now it would be listing for…I’m guessing $1.29M (million) so he didn't want to get priced out of the market so he bought in advance. And he's been renting it out ever since. And with Kure Beach you got you got here at the back of Kure Beach you have these homes on Settlers Lane; these used to be like $325,000.  And see if there's another one. These townhouses used to be $300,000.  So now here’s a home for 795K these used to be $350,000. 

Little Wrightsville Beach

So Kure Beach… it's just become officially or someone exclusive. And that's the way it is there now. In terms of demand the Market action index for Kure Beach is almost at 40. So it's a seller's market. And Wrightsville Beach the market action index is at 31-32 so demand is higher in Kure Beach right now. And it's just amazing to watch that transformation as it went from very similar to Carolina beach and then gradually has become more exclusive for real estate the past few years. One thing that I’ve noticed is that people will pay top dollar for that tranquil, quiet, lifestyle at the beach versus the high-energy, buzz lifestyle of Carolina beach and the boardwalk. And that's where the big separation exists. You also have a higher ratio of full-time residents at Kure Beach than Carolina beach PERHAPS. I don't have proof of that, but that's what I suspect for some true second homes unless in terms of percentages.

 

39 Properties
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Open 5/20
1304 Sand Dollar Ct Kure Beach,  NC 28449
$550,000
Neighborhood: Ocean Dunes
3
Beds
2
Baths
1,054
Sq.Ft.
1983
Year Built
3
Days on Site
100444807
MLS
$935,000
Neighborhood: Kure Beach Village
4
Beds
2F11/2
Baths
2,365
Sq.Ft.
1989
Year Built
3
Days on Site
100439750
MLS
$520,000
Neighborhood: Ocean Dunes
2
Beds
2
Baths
917
Sq.Ft.
1984
Year Built
4
Days on Site
100439993
MLS
$950,000
Neighborhood: Kure By The Sea
4
Beds
4
Baths
2,809
Sq.Ft.
1998
Year Built
5
Days on Site
100444468
MLS
$750,000
Neighborhood: The Pointe At Kure Beach
3
Beds
3
Baths
1,688
Sq.Ft.
1995
Year Built
11
Days on Site
100443438
MLS
$380,000
Neighborhood: The Riggings Condominium
1
Beds
1
Baths
710
Sq.Ft.
1982
Year Built
17
Days on Site
100442139
MLS
3
Beds
2F11/2
Baths
1,597
Sq.Ft.
2024
Year Built
19
Days on Site
100441816
MLS
$775,000
Neighborhood: Kure Beach Village
4
Beds
3
Baths
2,018
Sq.Ft.
2002
Year Built
20
Days on Site
100441507
MLS
$799,000
Neighborhood: Kure Beach Club
4
Beds
3
Baths
2,520
Sq.Ft.
1994
Year Built
21
Days on Site
100441382
MLS
$950,000
Neighborhood: Kure Dunes
3
Beds
2F11/2
Baths
2,373
Sq.Ft.
2001
Year Built
23
Days on Site
100441038
MLS
5
Beds
4
Baths
2,627
Sq.Ft.
2007
Year Built
28
Days on Site
100440002
MLS
$1,020,000
Neighborhood: The Cove At Kure Beach
3
Beds
3F11/2
Baths
2,267
Sq.Ft.
2021
Year Built
28
Days on Site
100440004
MLS
3
Beds
2F11/2
Baths
1,384
Sq.Ft.
1997
Year Built
31
Days on Site
100439383
MLS
Open 5/18
434 S Third Ave Kure Beach,  NC 28449
3
Beds
2
Baths
1,182
Sq.Ft.
1981
Year Built
32
Days on Site
100439111
MLS
$1,025,000
Neighborhood: Seaview
4
Beds
3F11/2
Baths
2,250
Sq.Ft.
2016
Year Built
37
Days on Site
100438335
MLS
$2,179,900
Neighborhood: Kure Beach Club
5
Beds
4F11/2
Baths
3,417
Sq.Ft.
2015
Year Built
45
Days on Site
100424566
MLS
Open 5/19
309 K Ave Kure Beach,  NC 28449
4
Beds
3F11/2
Baths
2,223
Sq.Ft.
2017
Year Built
47
Days on Site
100436257
MLS
3
Beds
3
Baths
1,721
Sq.Ft.
2023
Year Built
58
Days on Site
100415130
MLS
$365,000
Neighborhood: The Riggings Condominium
1
Beds
1
Baths
720
Sq.Ft.
1982
Year Built
62
Days on Site
100431336
MLS
$980,000
Neighborhood: Wilmington Beach
4
Beds
3
Baths
1,995
Sq.Ft.
2024
Year Built
67
Days on Site
100432542
MLS
$1,029,000
Neighborhood: Wilmington Beach
3
Beds
2F21/2
Baths
3,682
Sq.Ft.
2006
Year Built
68
Days on Site
100432410
MLS
Open 5/19
306 N Fifth Ave Kure Beach,  NC 28449
$995,000
Neighborhood: Beachwalk
4
Beds
3
Baths
2,926
Sq.Ft.
1997
Year Built
72
Days on Site
100431782
MLS
4
Beds
2
Baths
1,815
Sq.Ft.
1942
Year Built
86
Days on Site
100429186
MLS
3
Beds
3
Baths
2,353
Sq.Ft.
1987
Year Built
88
Days on Site
100428789
MLS

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