Where We Live: A weekly look at the homes in the Cape Fear Region
WRIGHTSVILLE BEACH — Whether you’re looking for quiet low-maintenance beach living or an investment property in one of the area’s most popular beach settings, the latest feature of Where We Live could have both potentials.
This two-bedroom, two-bathroom beach condo is located on the third floor of Seapath Tower, 322 Causeway Drive, unit number 301-A. The condo overlooks the marina of Seapath Yacht Club, which is separate from the condo units, but provides a beautiful back drop from the balcony of the home.
“Seapath is unique to Wrightsville Beach in that there’s really not another property like it. It has the marina next door, and it has views of Motts Channel,” Harrison Peebles, realtor with Coldwell Banker Sea Coast Advantage, said.
“We had beautiful views of the flotilla, which was just held a few weeks ago,” Peebles said.
While this condo unit may not have direct views of Motts Channel, residents on the land side can get a water view in just a short elevator ride down to the main floor of the building.
Seapath Building Manager David Foster said views from the lobby area are great at sunset, especially this time of year. Foster said the condo has a friendly atmosphere, with residents often getting together for coffee or lunch in the main lobby on the first floor.
“We have a large common area downstairs. It’s nearly 3,000 square feet. People come and socialize two and three times a day,” Foster said.
Many of the current condo owners have a unit for a second home, but there are several permanent residents, as well. According to Seapath Building Manager David Foster, the building, which was constructed in 1974, has 97 units. Out of those units, 40 are currently occupied year around.
The building is within walking distance of the beach, the Wrightsville Beach loop and park, as well as, several area restaurants. It’s a good spot for many of the current residents, Foster said, adding that several units are occupied by “active” retirees. Boat slips at Seapath Yacht Club are available for purchase or lease, depending on the season.
“It is the only true condominium building on the beach, where people make their home. So there’s no short-term rentals allowed here,” Foster said. “It’s better for someone who is looking for low-maintenance and are a minimalist.”
The unit for sale could become an investment for the buyer. Foster said the building has a handful of owners that have bought as investors, some of which do provide long-term rental condos. The current unit for sale, could be rented out for about $1,800 a month, he said.
“It’s an option for someone looking for an investment property,” Foster said. “There are also options of renovations to the property, if they choose.”
The owner can do “just about anything they want to,” Foster said. “There’s been a lot of creative things done here. People have bought multiple units and put them together too.”
Seapath Towers does not allow pets. Dues for the unit are about $450 per month and include wind and hail insurance. Other amenities include an outdoor pool and tennis courts.
This home is on the market for $355,000.
“The price points out here fluctuate … it’s the least expensive unit out here over the past three years,” Peebles said. “So we think we’re offering a pretty good value to the market right now.”
Where We Live is a weekly feature looking at the homes and unique places to stay in the Cape Fear Region. Do you have a home, on or off the market, that our readers may be interested in seeing? Let us know at PCD@localvoicemedia.com.
For more information about this week’s condo or to view the property, contact Harrison Peebles at 910-799-3435 or email him at email@example.com. Click here to see additional information and photos of the Seapath Tower listing.