© September 14, 2007
coinjock
Homes in a new subdivision proposed for Coinjock would start at $165,000, much lower than the average in Currituck County - but still too high for some.
Developer Pete Kauffman is proposing Coinjock Meadows, a development of 50 homes priced from $165,000 to $200,000. Homes of about 1,500 square feet would sit on lots of about a half-acre. T he project, located along Worth Guard Road, is up for a vote Monday night at the Board of Commissioners meeting.
As part of a resort area, Currituck homes typically sell for well over $200,000, putting home ownership out of reach for many of the county's work force, such as school teachers and deputies. Even though the market for expensive homes is stagnant, smaller homes are selling, Kauffman said.