OCEAN ISLE BEACH, NC—All hype aside, this 42-acre oceanfrontdevelopment site on Ocean Isle Beach, NC should turn investorheads. That's because it's the last of its kind.

DTZ's New York City capital markets team ismarketing the site, which is fully entitled and approved for 298single-family homes and townhomes and 25,000 square feet ofcommercial space. The parcel includes several hundred feet ofbeachfront property and several hundred feet fronting theIntracoastal Waterway.

“This site is truly extraordinary and unique,” saysJeffrey Donnelly, managing director of DTZ's NewYork team. “This is the last remaining large-scale development siteon Ocean Isle Beach. You can identify the parcel immediately on anaerial photo, as almost every other part of the seven-mile longisland is fully developed. Indeed, there are probably very fewsites in mature, developed beach towns along the entire Carolinacoast that offer this scale and that also run uninterrupted fromoceanfront to sound front.”