Luxury Homes of The Outer Banks

Check out these luxury homes of the Outer Banks, and see why the Outer Banks real estate market is a bargain when compared to other oceanfront properties on the East Coast. 

http://search.obxconsulting.com/i/Outer-Banks-Premier-Luxury-Homes-and-Properties

 

The Lost Colony To Receive Tony Honor

“The Lost Colony” is the oldest running play in America, and will receive a Tony Honor this June.  The play centers round a group of English settlers led by Sir Walter Raleigh that landed on Roanoke Island July 4, 1584, only to disappear with only the engraved word "Croatan" left on a tree.  This year will be the 76^th year the play has run on the Outer Banks.  The Tony Honors will be presented at a privately held reception on June 8th before the CBS tele-cast of the Annual Tony Awards held at the Radio City Music Hall on June 9^th 2013.  If you are in the OBX area between May 31th and August 23, it’s worth checking out!

 

 

 

Outer Banks Bike Week - April 2013

The 11^th annual Outer Banks Bike week starts April 20^th and runs through April 28^th.  The OBX has a 100 miles of scenic coastal highways to cruise, and there will be hotels and restaurants sponsoring the event.  Don’t miss out on the “beer belly” contest, live bands, bikini contests, bike shows, and Poker runs starting this weekend!  For event details visit the Outer Banks Harley Davidson website here.

 

Oregon Inlet Gets Dredge Funding

Nearly $9 million dollars has been funded for the dredging of Oregon Inlet and its channels.  Since Hurricane Sandy the Outer Banks inlet is only 2-3 feet in depth; making it nearly impossible to pass through due to shoaling.  Commercial fisherman need 8 feet or more in order to keep their businesses operating.

 

Outer Banks Real Estate Foreclosures

The Outer Banks real estate market is experiencing a noticeably pick of sales and decline of inventory over the last couple years.  Check out all the available foreclosure listings in the Outer Banks real estate market.  Remember, just because it is a distressed property, doesn’t mean it is a good deal.  For every one distressed property that closes, 5 other non-distressed properties close at equal or better value!

 

 

 

Bodie Island Lighthouse reopens - Outer Banks, NC

The Bodie Island lighthouse which was closed in 2009 for renovation will reopen this Friday for all Outer Banks visitors. This lightouse is one of only fifteen lighthouses that has its original 19th century lens.

 

New bookstore now open in Manteo

Feed: Business from obsentinel.womacknewspapers.com
Posted on: Tuesday, May 29, 2012 4:57 PM
Author: Business from obsentinel.womacknewspapers.com
Subject: New bookstore now open in Manteo

The page of a new chapter for Downtown Manteo was turned recently as Duck's Cottage Downtown Books held its official ribbon-cutting with the help of the Outer Banks Chamber of Commerce.

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Attorney responds to State Bar complaint

Feed: Business from obsentinel.womacknewspapers.com
Posted on: Tuesday, May 15, 2012 4:32 PM
Author: Business from obsentinel.womacknewspapers.com
Subject: Attorney responds to State Bar complaint

Dare County attorney Dan Merrell has responded to the complaint filed against him by the North Carolina State Bar on April 12.

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Outer Banks Real Estate News & Updates

MAY2012 OUTER BANKS REAL ESTATE MLS STATISTICS: (top of our homepage, first paragraph of text)

TOPCASH FLOW PROPERTIES TO HIT THE MARKET IN THE LAST COUPLE WEEKS
CURRENTINVENTORY OF FORECLOSURES ON THE MARKET
KILL DEVIL HILLS - The Planning Board last week recommended approval of a zoning ordinance amendment request to clarify language on non-conforming oceanfront lots. The language sent to the Board of Commissioners for approval would allow development of a real estate lot that is 50’ wide or less without having to apply for a variance if all setback requirements can be met.

BEACH PLAN INSURANCE FACTS - With all the controversy in the local press about sea level rise and other coastal issues, many letters to the editor and on-line comments ultimately bring up “problems with the Beach Plan”. Comments include statements such as “due to huge losses in the Beach Plan the rest of the state is paying more in homeowner’s insurance premiums.” In a nutshell, the impression is that the rest of the state has subsidized our insurance. This is totally untrue. It is unfortunate that this message continues to spread.  To ensure that you are informed and aware of the facts: From the inception of the Beach Plan in 1969 through FY 2011, Beach Plan realty policyholders have paid $2.187B in premiums and only incurred $783.834M in losses.  To repeat - $2.2B in premiums earned compared to $784M in incurred losses over 41 years.  That is a difference of $1.4 billion to cover operating expenses, loss expenses, agents’ commission, build a reserve fund and be distributed to Beach Plan Association member companies statewide.  FYI - The data from above was derived from Income Statements forwarded from the NCIUA (Beach Plan) office.  Please help in educating those that continue to disseminate incorrect information.
KILL DEVIL HILLS - No fresh eggs for now! At the June 11th Board of Commissioners meeting, the Board ended up in a 2-2 tied vote (Commissioner Buske was absent) on a zoning ordinance text amendment to allow chicken hens in certain zoning districts on the west side of the bypass.

OUTER BANKS SENTINEL NEWS:

Hearings set for power-rate increase: Dominion North Carolina Power has applied for authority to increase its rates for retail electric service, with a proposed effective date of April 30.
County to allow fishing pier in Hatteras Village:  At its June 18 meeting, the Dare County Board of Commissioners approved a zoning ordinance text amendment adding fishing piers to the list of conditional uses in the C-2H district in Hatteras Village. The approval opens the way for moving forward with plans to construct a facility called the Hatteras Island Ocean Center.
Internet gambling rules set in Nags Head:  At its June 6 meeting, the Nags Head Board of Commissioners approved proposed zoning ordinance text amendments to regulate Internet game machines and Internet Cafes within the town.

Outer Banks Real Estate Statistics March 2012

The real estate market for investment property on the Outer Banks is looking up still.  When you look at the March 2012 statistics, more listings are being placed under contract. As a matter of fact, the Outer Banks realty numbers for homes and land for the month of March are the best since October 2005. Overall home sales are up 25% and listings going under contract are up 11%.