Carolina Beach, NC, 28428 - For Sale By Owner

Additional features: Floors: 4, School district: N/A, Features: Carpeted Floors, Wood Floors, Central AC

SHARED OWNERSHIPxa0-xa0xa01/3 Ownershipxa0for $187,000 - including furnishings!xa0 Raleigh family looking for others to share ownership of this wonderful Carolina Beach Condo/Townhome.xa0 A great get away home located just two hours from Raleigh, NC. This property is a short 4-block walk to the ocean with easy beach access (4-minute walk). Features include: elevator, wood floors, granite countertops, stainless appliances, ceramic tile, huge master bath w/ jacuzzi tub and two headed shower,three decks, sun room on 4th flr, large playroom/5th bedroom. Non-smoking please.xa0

Shared ownership makes owning a luxury beach home affordable. All costs are split evenly between owners. It is the smart way to own at the beach. Operating costs for this home are approximately $180/month per share holder. Operating costs include power, water & sewer, cable, internet, phone, HOA dues, maintenance & security. Property insurance for 2008-2009 wasxa0$1,368 per 1/3 share ($114/month). Share owners have the freedom to sell their share at a later date and enjoy the appreciation earned on the property.

Price Guarantee! We can now stop asking "has thexa0 market hit bottom?" The price for a share of this property is guaranteed, meaning no initial share holder will pay more for a share than any other initial share holder. If the price is reduced to an initial share holder after you make your commitment, then you will also receive that reduced price. One more reason notxa0to delay your decision!

Carolina Beach is considered one of the last unknown beaches in the carolinas and with the state park down the street this could be the last GREAT opportunity to own a new home at a reasonable price. Home values at Carolina Beach are nearly half the price of equal homes in Wrightsville Beach and only about ten minutes further from Raleigh, NC.

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1/3 ownership represents 17 weeks per owner per year (about 1-1/2 weeks per month).xa0 The calendar is worked out cooperatively amongst the three owners.xa0 Typically the weeks are spread throughout the year in an even fashion. As an owner, we are flexible with the schedule, so if a potential owner is just interested in using the majority of their weeks during the winter months, to escape the cold up North, then we are open to adjusting the schedule accordingly. Two shares are currently available.

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More detail on shared ownership is available on request.

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