Back in January, I discussed the sad demise of Long Beach Pier, one of the three fishing piers on Oak Island. At the time, they were planning on subdividing the beachfront property into eight lots for single-family homes:
The business sits on nine oceanfront lots and, at this point, there are eight residences planned, [real estate agent Libba] Motsinger said. One of the lots doesn’t perk, so three lots may be used to build two homes on part of the property, she explained.
Interesting thing: if you pick up a flier from the information box in front of the lots, you will find nine lots listed for sale (at prices from $1.1M to $1.5M).
Gee, I wonder what happened?
And incidentally, there's still nothing stopping one developer from buying all eight nine lots and building condos there.