Did you ever find out when it was paved? I am considering a property on the road, but I want to know how close it is to being repaved. It is in pretty rough shape. I would hire my own paving service if it was allowed.
I had the same questions and concerns especially after reading the real estate website market trends. After considerable research and thought (and the support of a great realtor finding the right home) we closed on a beautiful golf front property in Sept. I would agree with Tiffany's comments below regarding the area and the changing demographics (younger families moving in). A lot of the homes built in the 80's and 90's need some TLC but if you can budget in some update money there are some great homes to be had in a one of a kind community. Good Luck!... more
Real estate is always being bought and sold. If you are in a buyers market trying to sell a home, you will more than likely need to sell for less than you think your home is worth. To answer your question directly, yes. The upside to selling a home for less than it might be worth, is that you can probably purchase one for less than it is worth also.... more
Water front properties are very unique in this area. In Pinehurst there is no shortage of golf front properties, thus the premium is fairly modest. However water front properties are quite scarce. I find that the price per sq. ft. statistic is fairly useless when considering water front homes. There is little consistency property to property. Water front homes are scarce as are water front lots. Then one must consider the quality of the water frontage: do you have a long vast vista or a peak of a small cove? Is the water a usable lake or simply a pond or "water hazard"?
Virtually none of the water front homes are of recent construction, the homes condition can be quite variable. Has the home been updated; baths, kitchens?
Currently there are 34 water front homes listed for sale in Pinehurst. These homes are scattered across six or more neighborhoods, some gated some not. The price range is $235,000 to $1,895,000 with an average price of $665,000. A $200 per sq. ft is not a bad estimate of cost, but this measure has it's limitations.
Water front lots? Currently there are 21 listed: price range $59,000 to $625,000 with an average of $180,000 to $200,000.
There are marvelous water front properties in the Village of Pinehurst, but you will pay a significant premium to own one. I believe the water front property is more expensive than a similar home in the Historical District of the Village of Pinehurst.... more