1503 N New River Drive, Surf City, NC 28445
$6,300,000
Property Type:
Comm Sale or Lease
Square Footage:
15,437
Lot Size (sq. ft.):
49,658
Status:
Active
Current Price:
$6,300,000
List Date:
1/29/2025
Last Modified:
1/29/2025
Description
Total of 40 units at Tiffany's Motel and Condotel. 12 (one bedroom) Motel Units, and 28 Condotel Units ( 17 -one bedrooms units + 11 - two bedroom suite units) All of these units are managed by the onsite management company, to include onsite staff (cleaners, receptionist, maintenance, and GM). Tiffany's Motel/Condotel is composed of 49 total units, 2 separate buildings, each with it's own pool & elevator, and outdoor showers available for every guest. These units are offered as nightly, and weekly rentals, but may also be used as long term rentals or full time by the owners. Each unit is deeded separately, (except for the 12 unit building) however the common area is owned by the HOA. Tiffany's is an iconic establishment on Topsail Island, equipped with a strong book of repeat guest, and a growing reputation for the ideal beach getaway.
More Information MLS# 100485724
Contract Info
Available Date: 2023-01-29
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-01-28
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
Listing Price: 6300000
Current Price: $6,300,000
List Price/SqFt: 408.11
Stipulation of Sale: Standard
Location Information
Street #: 1503
Modifier #: 40 Units Total
Pre Direction: N
Street Name: New River
Street Suffix: Drive
County: Pender
State/Province: NC
Zip Code: 28445
City Limits: Yes
Subdivision: Dune Ridge
Geo Lat: 34.44109
Geo Lon: -77.521825
Remarks and Showing
Directions to Property: From Surf City Bridge, at the traffic circle, take the 2nd exit onto N New River 1.18 miles Tiffany's will be on the left.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 15437
Legal and Taxes
Tax Assessed Value: 330605
Deed Book: 4764
Deed Page: 2341
Legal: 41 Units in Tiffany's Condotel
Broker Owner: No
PID: 42455469030000
Tax Identifier: 4245-54-6903-0000
Plat Book: 56
Plat Page: 90
Total Real Estate Property Taxes: 4099.5
Special Assessments: none
Tax Year: 2024
Year Built: 2002
Zoning: C1
HOA: Yes
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
HOA
Association Fee 1/Year: 22358.3
HOA 1 Mgmt. Company: Coastal Vacation PM
HOA 1 Mgmt. Phone: 910-928-8036
Current Service Providers
Electric Provider: Jones-Onslow EMC
Internet Service Provider(s): Spectrum
Sewer Provider: Surf City
Water Provider: Surf City
Property Features
Business Type: Comm Condominium; Hotel/Motel; Commercial
HOA and Neigh Amenities: Cable TV; Coin Laundry; Elevator(s); Flood Insurance; Laundry; Maint - Comm Areas; Maint - Grounds; Maintenance Structure; Management; Master Insure; Outdoor Pool; Pest Control; Picnic Area; Taxes; Trash; Water
Basement: None
Frontage Type: Marsh Front; Sound Front
View Type: ICW View; Marsh View; Ocean; Sound View; Water
Construction: Wood Frame
Exterior Finish: Vinyl Siding
Flooring: Concrete; Tile; Vinyl; LVT/LVP
Foundation: Pilings
Fuel Tank: Propane Above Ground
Fuel Tank Ownership: Leased
Parking Features: Concrete; Covered; Gravel; Lighted; On Site; Parking Lot; Paved; Shared Driveway
Roof: Shingle
Current Use: Hotel/Motel; Multi-Family
Location: Corner; Freestanding; Residential
Lot Water Features: Salt Marsh; Sound Side; Third Row
Cooling: Central Air; Heat Pump; Wall/Window Unit(s)
Heating: Heat Pump
Heating System Fuel Source: Electric; Propane
Water Heater: Electric; Propane; Tankless
Utilities: Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Terms: 1031 Exchange; Cash; SBA; Seller Financing
Listing Office: Coastal Realty Associates, LLC
Last Updated: January - 29 - 2025
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