Elite Coastal Properties, Part 3

On the way up to Virginia we stopped in the war torn town of Edenton, North Carolina.

We saw a sign after the tracks
Took our real estate to the MAX
With the help of Tina Slack's
Expertise in local tracts.


We sorted through the properties and picked our favorites in the mix.

Alec Holland, ABR, CRS, ePRO, GRI

170 acres for $350,000, with half a mile of frontage on a large river.

"Property has approx 3500 ft of frontage on the river. Great property for development. Near the Creswell city limits. Posibility of connecting to city sewage and water with formal agreement with city. Great opportunity for investers."

As a special treat, it appeared to be a short drive from the Albemarle Sound:

However, Tina found the price ($2,000/acre) to be suspicious, so she talked to Tim from the Mappings Dept of Washington County. In fact Tim had done the survey for that property, and his notes for us were as follows:

Almost entire area is a swamp.

Recommend a specialist to determine feasability of building 6 homes on this property.

Our hearts plunged and were eaten by a crocodile.*

*Crocodiles do not live in the US. You were probably thinking of Alligators.

Long Lost Faves

Next on faves was 112 acres for $285,000 ($2,500/acre), with several creeks and shooting lanes. However, it was in Rich Square, pretty far from both Edenton and from our final destination for the day, Norfolk.

We had to pass it up, along with another property in Lowland – 105 acres for $400,000 ($3,800/acre) which did not look very interesting.

Fruitcake

This left only one viable option. To get there, Tina sent us over a river

and through a woods



Grandma says:

Nature lover's dream home! Tucked in the midst of 50 glorious acres with access to the Albemarle Sound, this cute home offers an open floor plan & handicap access. There's a serene 3/4 acre pond surrounded by walking trails, wildlife, and appr. 12 cleared acres lovingly planted with a variety of Fruit Trees, Pecans Trees, Grape Vines & blueberries. Greenhouse, Large Workshop. County H20 available.

All that for only $275,000, not bad, except that's $5,300/acre. Not as mouth-swamping as those wetlands, but not bad.

After several minutes crawling up the driveway into the property, the place felt very open. A large cleared bushy area served as a several-acre front yard.

Hundreds of birds gave us the cold shoulder.

They didn't care one bit about our visit and would rather read the morning paper or live up to their lofty ideals, never speaking a word to humans.

Through detective work we deduced that fruit is everything to these people.

Passionfruit

Grapes

A medium quiet pond sat near the back.

Around it sat an unknown volume of woods (only unknown when measured in ping pong balls).

Since we didn't have a map of the property, we just pretended, and correctly prophesied that we would not get shot.

The house was acting standoffish, dodging questions about the war, so we left it alone. For the birds, we say.

Overall this property was nice. A field for frisbee, semi-mature fruit trees already planted, woods, and a pond. The only downsides were slightly low acreage / high price per acre, and a shallow pond teeming with stillness. And of course location: Edenton is a small town of 5,000 residents.

City	Distance	Population
Elizabeth City	45 min	17,000
Greenville	1 hr 45 min	75,000
Norfolk, VA / Virginia Beach / Newport News	1 hr 30 min	1,500,000

We moved on to the metropolis of Norfolk, Virginia Beach, and Newport News for a short visit with Guardian Miguel...