BEAUMONT OAKS AT PORTERS NECK – 204 UNITS IN WILMINGTON, NC

SOLD 10/18/24 for $47,920,000
$234,902 per unit

Deaton GREA is pleased to present the exclusive offering of Beaumont Oaks at Porters Neck in Wilmington, NC. Completed in 2023, Beaumont Oaks is an amenity-rich, 204-unit community located in the coveted Porters Neck area. The property features an attractive mix of one-, two-, and three-bedroom, garden-style units in two and three-story buildings.

The Porters Neck area boasts impressive economic demographics, highlighted by average household income of $133,000 and an average home sales price of $727,201 within a two mile radius between 1/1/2023 and 2/1/2024 (MLS). Additionally, the well-connected location offers easy access to major employers including New Hanover Regional Medical Center/Novant Health, UNC-Wilmington, Pharmaceutical Product Development (PPD), Corning, General Electric, Live Oak Bank, and more. Uniquely located at the doorstep of I-140, Wrightsville Beach, downtown Wilmington, Pender and Brunswick Counties are all within a 20 minute drive or less.

Wilmington is a port city located on the eastern coast of North Carolina in the county seat of New Hanover County. One of the fastest growing cities of N.C., Wilmington is well-known for beautiful beaches, a historic downtown, numerous recreational offerings, and a vibrant cultural scene. In 2023 Wilmington ranked 7th nationally for economic growth among large cities and has experienced 44% wage growth in the last five years (Milken Institute). ILM Airport was the 4th fastest growing in nation in 2023.