02/26/10

Outer Banks and Hatteras Island second home real estate markets featured in USA Today

The second home real estate market on the Outer Banks was featured in a February 25th USA Today article, which heralded the beach communities as peaceful and underdeveloped.

“The Outer Banks have long attracted visitors who march to a slightly different drummer, from the pirate Blackbeard to pioneering aviators Orville and Wilbur Wright to modern-day second-home owners miles from the nearest road,” reports author Larry Olmsted. “You don’t have to be a rebel to love these barrier islands off North Carolina, but a flair for escapism helps.”

The towns along the Outer Banks that are popular with second-home owners are small, but there is also a healthy rental market, the article notes, with a number of activities, shops and restaurants to be a popular travel destination, but not too crowded or developed.

“Besides the beach, inshore and offshore fishing and windsurfing are the biggest activities, and large portions of the Outer Banks, including the Cape Hatteras National Seashore, are protected for recreational uses. The region is also famous for its historic lighthouses and wild horses descended from shipwrecked Spanish mustangs,” writes Olmsted.

The article highlights Hatteras Island as one of the least developed communities, and one of the best locales for water sports and fishing. “According to the article, low-end one-bedroom condos start around $100,000, and the high end would be a seven-bedroom oceanfront home for about $2.5 million.

The complete article is available online, and for more information on the Hatteras Island and Outer Banks real estate markets, including access to all Outer Banks MLS listings for sale, visit our Surf or Sound Realty sales page.

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