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1501 Canal Drive
Carolina Beach, NC 28428
Jethwa Real Estate Group Team with Nest Realty, original listing - (910) 550-2788
$2,449,000
Conventional
Property
Bedroom
7
Bathroom
Full: 7, ½: 1
Property Type
Conventional
Square ft
5824 Square Feet
Property Description
Luxury meets coastal charm in this brand new, brilliantly designed 7-bedroom, 7.5-bathroom home boasting luxurious upgrades and an impressive reverse floor plan topped with an incredible rooftop deck. The property features a private, fenced-in saltwater pool and ample parking for 10 vehicles under the home, connected by a breezeway. The ground floor also includes an outdoor shower, two storage rooms for all your beach and pool toys, and a stylish foyer that welcomes you with stairs or an elevator to the second floor. The second floor offers 3 bedrooms, each with its own full bathroom, and a separate sitting area with soundproof floors and walls, complete with a 50-inch smart TV. The third floor mirrors the second, providing 3 additional bedrooms, 3 more full bathrooms, and 3 more sitting rooms, ensuring ample space for everyone. The top floor houses the main living space, featuring one more full bedroom and bathroom, a laundry room, and a luxurious gourmet kitchen. The kitchen is a chef's delight with a custom waterfall island, textured subway tile backsplash, two refrigerators, a 25 lb capacity ice maker, a beverage and wine cooler, a 36'' all-gas range with six burners, and a large corner pantry. The kitchen overlooks a breakfast nook, dining room, and a living room with gorgeous built-ins and a sitting room bathed in natural light. Step out onto the deck from the living room or ascend to the rooftop deck with EnDeck Composite Decking for panoramic views of the island. Additional features include spray foam insulated attic space, soundproof floors and double-walled framing with soundproofing between bedrooms, custom aluminum exterior stairs, two tankless water heaters, two separate water services for even water pressure distribution, a recirculating hot water line throughout the home, and prewiring for a hot tub and pool heater. The home is equipped with impact glass windows and has 16 beds sleeping up to 26 people.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2024
MLS Number
--
Location
Address
1501 Canal Drive
City
Carolina Beach
State
NC
Zip Code
28428
County
NEW HANOVER
Listing
Name
Phone
(910) 550-2788
Office Name
Office Phone
(910) 550-2788
Agent Name
Jethwa Real Estate Group Team
Agency Phone
(910) 550-2788

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.