SAG appraised the largest marina and condominium development planned for the entire North Carolina Coast. This project consists of 224 dryslips, 56 wetslips, full service marine facility (fuel sales, transient slips and ship’s store) and 256 condominium units located in two 12-story residential towers. This assignment required separate land sales analysis for commercial waterfront sites and multi-family sites; a discounted sellout analysis with separate sales prices and absorption rates for dryslips and wetslips; and a discounted sellout analysis with sales prices and absorption rates for residential condominium units.
Project Components: Condominium & Marina
Project Value: $110 million