The Outer Banks continues to buck the trends of a slowing economy and reports a growth in tourism related revenues. Leading the trend are Vacation Rental occupancy receipts.
Carolyn McCormick, Managing Director of the Outer Banks Visitors Bureau, reports “August 2008 numbers show the strength and viability of the barrier islands as a major travel destination amid challenging economic times for the traveling public. Travel and tourism is one of the industries that has felt the pressures of a faltering national economy and August gross occupancy receipts have certainly given us pause to be thankful for the millions of visitors that have chosen to spend their vacations along our islands.”
Gross occupancy receipts are the net dollars spent on an overnight accommodation in any one of Dare County’s hotels and motels, inns, campgrounds, cottage courts and rental homes.
There is still not a better place to invest in today's economic times than Outer Banks Real Estate. With strong rents, steady appreciation due to the finite nature of our land, and a consistent desire for families to Vacation year after year on our one of a kind Barrier Islands, it makes sense to make your next investment in life at The Landings at Sugar Creek.
Please feel free to contact us for the latest Rental Projections.
Resort Realty Announces New Site Sales Team
Resort Realty’s New Home Sales Division Adds New Site Sales Team
(Nags Head, NC) – Randy Jones, Director of Resort Realty’s New Home Sales Division has announced the addition of a new on-site sales team for the Nags Head condominium project, The Landings at Sugar Creek.
Bronwyn Thornton, Bonnie Houser, and Beth Markham will handle all on-site sales duties and see the community through to final sell out. “We are extremely excited to have such an experienced on-site sales team join Resort New Home Sales and Marketing”, Jones said. With the addition of Thornton, Houser, and Markham, “We are bringing a combined 30 years of sales experience on board to help facilitate our sales goals for the Landings at Sugar Creek community”, Jones went on to explain.
“We are honored to be associated with both a dynamic and fast growing company such as Resort Realty, and outstanding Outer Banks community such as the Landings at Sugar Creek”, Thornton said. In addition, Houser went on to explain, “This was an unbelievable opportunity for our team to put our skills to work for a community that will leave a lasting impression on the Outer Banks”.
Represented exclusively by Resort Realty’s New Home Sales Division, the Landings at Sugar Creek is comprised of two phases. Phase 1 is a mixed-use building containing lower level professional office space and upper level townhouse style condominium homes, while phase 2, currently scheduled for a November completion date, is made up of 41 condominium homes, all of which have outstanding views of Nags Head’s Roanoke Sound.
(Nags Head, NC) – Randy Jones, Director of Resort Realty’s New Home Sales Division has announced the addition of a new on-site sales team for the Nags Head condominium project, The Landings at Sugar Creek.
Bronwyn Thornton, Bonnie Houser, and Beth Markham will handle all on-site sales duties and see the community through to final sell out. “We are extremely excited to have such an experienced on-site sales team join Resort New Home Sales and Marketing”, Jones said. With the addition of Thornton, Houser, and Markham, “We are bringing a combined 30 years of sales experience on board to help facilitate our sales goals for the Landings at Sugar Creek community”, Jones went on to explain.
“We are honored to be associated with both a dynamic and fast growing company such as Resort Realty, and outstanding Outer Banks community such as the Landings at Sugar Creek”, Thornton said. In addition, Houser went on to explain, “This was an unbelievable opportunity for our team to put our skills to work for a community that will leave a lasting impression on the Outer Banks”.
Represented exclusively by Resort Realty’s New Home Sales Division, the Landings at Sugar Creek is comprised of two phases. Phase 1 is a mixed-use building containing lower level professional office space and upper level townhouse style condominium homes, while phase 2, currently scheduled for a November completion date, is made up of 41 condominium homes, all of which have outstanding views of Nags Head’s Roanoke Sound.
About The Landings
The Landings at Sugar Creek is a premier waterfront community located on the Roanoke Sound in Nags Head, NC. This soundfront community offers your choice of two, three and four bedroom designs. Each home will feature magnificent views of the Roanoke Sound. Located just one block from the Atlantic Ocean, The Landings at Sugar Creek are very close to the pristine beaches of North Carolina's Outer Banks, as well as fabulous shopping and fine dining.
Blending traditional Old Nags Head, NC charm with modern luxuries, The Landings at Sugar Creek are rich in amenities including an onsite pool, hot tub, clubhouse, sheltered parking, plenty of storage and a boardwalk to the Sound that edges the west side of the property. Each home will have a private veranda. Enjoy incredible sunsets and direct, private access to the Roanoke Sound for windsurfing, kayaking or crabbing on the community pier.
Blending traditional Old Nags Head, NC charm with modern luxuries, The Landings at Sugar Creek are rich in amenities including an onsite pool, hot tub, clubhouse, sheltered parking, plenty of storage and a boardwalk to the Sound that edges the west side of the property. Each home will have a private veranda. Enjoy incredible sunsets and direct, private access to the Roanoke Sound for windsurfing, kayaking or crabbing on the community pier.
AHOY! Greetings from Nags Head!
Yesterday it seemed like only a vision but with The Landings at Sugar Creek now in the completion stage, luxury soundfront condominiums on the Outer Banks is becoming a reality! Working closely with the developer, we are excited as the plans are near completion and the scope of the magnificent views and luxury amenities become concrete.
The investment opportunity is now apparent and it's time to see the value that The Landings can offer owners.
NOW is the time to introduce The Landings at Sugar Creek to the rental market! We currently have 2009 income projections available for you and advance reservations are already being taken for 2009. Do not miss the opportunity to be included in Resort Realty's Property Management Program for this coming year. Please contact me at 252-202-7169 or casey.neal@resortrealty.com to discuss how our Property Management Program can make renting your condo a stress-free and enjoyable experience. It is imperative that you do not wait, as our marketing material is currently being produced.
Respectfully yours,
Casey Neal, Resort Realty, Owner Services Coordinator
The investment opportunity is now apparent and it's time to see the value that The Landings can offer owners.
NOW is the time to introduce The Landings at Sugar Creek to the rental market! We currently have 2009 income projections available for you and advance reservations are already being taken for 2009. Do not miss the opportunity to be included in Resort Realty's Property Management Program for this coming year. Please contact me at 252-202-7169 or casey.neal@resortrealty.com to discuss how our Property Management Program can make renting your condo a stress-free and enjoyable experience. It is imperative that you do not wait, as our marketing material is currently being produced.
Respectfully yours,
Casey Neal, Resort Realty, Owner Services Coordinator
Sugar Creek On Display at the Home & Design Luxury Expo in Tysons Corner, VA
The annual Luxury Expo is produced by the respected home style publication, HOME & DESIGN Magazine. Expo participants showcased the very best in high-end furnishings, art and accessories, landscape ideas, kitchen and bath styling and customized home designs. Resort Realty sales agents offered attendees first hand information about the exciting options available at The Landings.
Introducing Randy Jones, Director of New Home Sales
Resort Realty welcomes the addition of Randy Jones to its real estate sales team. In addition to bringing his very successful real estate business to Resort Realty, Randy will also serve as director of the New Home Sales division. In this role, he will be responsible for overseeing all site sales for new developments in and around the Outer Banks. Randy's office will be located in Resort's Duck location.
Greetings from Ocean Builders
Message from the Developer -
"With construction nearing completion, we are excited to show current and potential owners how our vision has become a reality. We are equally as excited to see how owners add their personal touches to turn the units into unique homes."
"With construction nearing completion, we are excited to show current and potential owners how our vision has become a reality. We are equally as excited to see how owners add their personal touches to turn the units into unique homes."
Rental Income Projections
Due to the high demand of Outer Banks Vacation rentals, you may consider renting your home at The Landings at Sugar Creek. This rental income can offset the cost of ownership and you would still be able to reserve your property for personal use. Its a win-win for everyone! The summaries below show the lowest off season weekly rental rate and the highest peak season weekly rental rate. For a complete projection and detailed rental income analysis, please contact Casey Neal at Resort Realty at casey.neal@resortrealty.com or direct at 252-202-7169.
2 Bedroom Unit 2008 Rental projection:
Nags Head • 2 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
15 Weeks $595 to $1,200 $14,155 / Year
3 Bedroom Unit 2008 Rental projection:
Nags Head • 3 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
17 Weeks $650 to $1,500 $19,075 / Year
4 Bedroom Unit 2008 Rental projection:
Nags Head • 4 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
17 Weeks $695 to $1,700 $21,485 / Year
* These projections are only an estimate of potential gross rental income based on size, location and amenities. When applicable we have used comparable properties as an aid in calculating this projection.
Rental Projections Courtesy of Resort Realty
2 Bedroom Unit 2008 Rental projection:
Nags Head • 2 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
15 Weeks $595 to $1,200 $14,155 / Year
3 Bedroom Unit 2008 Rental projection:
Nags Head • 3 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
17 Weeks $650 to $1,500 $19,075 / Year
4 Bedroom Unit 2008 Rental projection:
Nags Head • 4 Bedrooms • 2 Baths Outdoor Pool & Hot Tub, Clubhouse
Saturday To Saturday Property Rental
# Weeks Avg. Rates Total /Year
17 Weeks $695 to $1,700 $21,485 / Year
* These projections are only an estimate of potential gross rental income based on size, location and amenities. When applicable we have used comparable properties as an aid in calculating this projection.
Rental Projections Courtesy of Resort Realty
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