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SHELL ISLAND RESORT

PERSONAL OWNERSHIP OPPORTUNITIES MADE POSSIBLE WITH THE HELP OF

PORT CITY PROPERTIES, INC.

CURRENT LISTINGS

For immediate assistance/information contact:

Sam Simmons at (910) 251 0615 or
ssimmons@portcityproperties.com

FEATURED LISTINGS

THE SHELL ISLAND HOMEOWNER'S ASSOCIATION HAS RECENTLY APPROVED THREE DUES REDUCTIONS.

IN A BUSINESS WHERE COSTS KEEP RISING, THIS ASSOCIATION HAS COMBINED A STRATEGY OF STRONG FISCAL MANAGEMENT AND EXTENSIVE LONG RANGE PLANNING TO REDUCE THE OVERALL OPERATING COSTS AND BUILD A RESERVE FUND FOR FUTURE UPGRADES AND IMPROVEMENTS.

FULLY FUNDED PROJECTS COMPLETED IN 2010-11 WITHOUT HOMEOWNER ASSESSMENTS:

ALL NEW CARPETING IN THE HALLWAYS AND ELEVATOR AREAS
UPGRADED LAUNDRY AND VENDING FACILITIES
NEW BEACH ACCESS AND SHOWERS
"BEHIND THE SCENE" UPGRADES TO SERVICE ELEVATOR AND
NEW GENERATOR FOR EMERGENCY POWER

PLENTY MORE UPGRADES PLANNED FOR 2012

UNITS CURRENTLY FOR SALE INCLUDE:

UNIT 913 – SOUTH TOWER SOLD - SOLD - SOLD
List Price $279,000 - TOP FLOOR!!!

Rarely available 9th floor unit priced for a quick sale. Make this top floor unit your own private beach home. Sold fully furnished with a nice coastal decor, this unit includes a sweeping view of the Atlantic Ocean and the beautiful resort grounds. This is a "must see" unit. The Shell Island Resort has just completed a $10M renovation to become one of the best investment properties and best values in Wrightsville Beach. Use this unit as your own private oceanfront getaway, or generate great renal income on your investment, or BOTH! Excellent rental history exceeding $31,000 a year for 05, 06, 07 and 08. Grossed over $25,000 in 09 and $30,000 in 10 even with significant personal use by the owner. This unit is priced to sell now in time to get an immediate jump on 2012 rentals. Come see this unit for yourself, and the beautifully restored Shell Island Resort. SOLD!!!

UNIT 603 – NORTH TOWER SOLD - SOLD - SOLD
List Price $260,000 GREAT VALUE

This is a beautiful unit located on one of the higher floors. This is a great unit for your personal beach home, but at this price, it is also one of the best investment values of the current listings. Hotel guests often request the upper floors, often times resulting in higher monthly gross rental incomes to the Owner - YOU! This unit has many recent updates including new carpet, a total replacement of the HVAC system, a new tub/shower enclosure, and new oceanside doors and windows. Owner amenities include on-site management, maintenance and custodial services, indoor and outdoor pools and hot tub, a full service bar/restaurant with in-room deliveries, fitness center, business center, wireless internet, covered parking, beach service/rentals and laundry facilities. Sold fully furnished. SOLD!!!

UNIT 619 – SOUTH TOWER SOLD - SOLD - SOLD
List Price $279,000

This unit stands out with its own "beach style" and must be seen to be fully appreciated. One of a limited number of Premium Units, the unit is beautifully renovated with all tile floors, wainscoating, stainless steel appliances, granite countertops, baths, subway tile and more. Furnishings are upscale and well appointed. Gross rental income for 2010 exceeded $32,000, This unit is well maintained and offers a great view of the ocean. It is located at the far south end of the building, six floors up, away from the hustle and bustle of pool deck for added privacy. It is offered fully furnished and with all 2011 required upgrades, so it is ready to rent today!   SOLD!!!

UNIT 308 – NORTH TOWER    SOLD - SOLD - SOLD
List Price $265,000

With its fresh, clean "beach chic" decor, this unit is ready to go. All 2010 required upgrades are in place plus extras such as new kitchen cabinets, a full size refrigerator, a locking Owners closet, mirror walls, bead-board wainscoating, 2 flat screen TVs, and more. In addition to the sweeping view of the Atlantic ocean, this unit also offers a bed room view of the marsh/sound and intracoastal waterway to the West. This unit is an excellent value at the current list price and is offered fully furnished. It is ready to use today as your own private beach resort, or just in time to take full advantage of the entire 2012 rental year. SOLD!!!

OTHER GREAT LISTINGS

UNIT 112– SOUTH TOWER 1st Floor Unit!
List Price $179,000 GREAT INCOME PRODUCING UNIT
Perfect for those desiring easy access to pool and beach. Bargain priced, possible owner financing, call Sam Simmons for terms, (910) 264-3610.

UNIT 507– NORTH TOWER
List Price $259,000 JUST REDUCED $249,000 MOTIVATED SELLER!
Views of the ocean and the marsh from this very nice 5th floor unit. Sold completely furnished with many recent updates. This unit grossed almost $31K in rental revenue for 2010. Exciting things are happening at Shell Island Resort now! Get in while the prices are still lower. Diamond rated by AAA for 2011. Entire complex has completed a $10 million renovation, as a result insurance premiums/HOA dues have been lowered. Monthly HOA dues include cable, electric, wireless internet,covered parking, water/sewer/trash, flood/hazard insurance & more. Come see this unit if you're looking for ocean front investment @ Wrightsville Beach. Ranked #1 by Smith Travel Research in SE North Carolina. We also had higher revenue per room than Sea trail and many properties in Myrtle Beach! Call Sam Simmons (910) 264-3610 for all the details.

UNIT 513– SOUTH TOWER - OWNER FINANCING POSSIBLE
List Price $265,000
Possible OWNER FINANCING Avail. with great terms! Very nice 5th floor unit available. This unit is situated to take advantage of ocean views in the front and sound views from the bedroom. Over $31K grossed in rental for 2010. Sold fully furnished,call Sam for more details on exciting new plans for Shell Island Resort. Entire complex has undergone a $10 million facelift. Also recently diamond rated by AAA. Monthly HOA dues also include electric. This unit grosed almost $6K for June(owner was paid $3277.49). Motivated seller! Call Sam Simmons (910) 264-3610

UNIT 818 - SOUTH TOWER
List Price $278,500 - PREMIUM UNIT GROSSED OVER $31K IN RENTAL INCOME FOR 2011!
Beautiful premium king unit on the 8th floor! This unit has incredible views of the ocean and sound. This unit has upgraded kitchen and bath cabinets with granite counters. There are nice crown moldings throughout, new carpet, draperies and furnishings. Will be sold completely furnished. Enjoy your own private ocean front balcony. It is a great time to consider buying at Shell Island. Entire complex has just undergone a 10 million dollar face lift. HOA dues include cable, electric, wireless internet, covered parking, water, sewer, trash. flood/hazard insurance & more! Shell Island is diamond rated by AAA. Ranked #1 by Smith Travel Research in SE North Carolina. Call Sam Simmons (910) 264-3610 for details!

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