Boat Slips- Lender Owned: Outer Banks NC ~ Manteo Manteo, NC

Property Location MAP

Shallowbag Bay Club Marina
South Bay Club Drive
Manteo, NC 27954

Property #: FX1657

Contact Agent

Linda Terry
Tranzon Fox

(804) 354-9090

Tranzon sold this entire Marina for the original developer back in 2005 for $2,300,000 to a Philadelphia/Atlanta partnership who owned 3 other marinas. The economic downturn was tough on boats, and they got foreclosed on in 2011. The bank hired us AGAIN to sell the remaining boat slips which we did, attracting individual buyers and investors selling via bidder's choice at the site under a tent. The sale grossed $840,000.

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