castle on the coast that gets flooded yearly

However, there are some properties on Pleasure Island and Oak Island that are not in flood hazard zones and a good portion of Kure Beach is also considered low risk due to the area’s higher elevation. In Wilmington, any property located near a water source (e.g., creeks, rivers, lakes, ocean), and most properties found on the local islands (Carolina Beach, Wrightsville Beach, Figure Eight Island, Topsail, etc.), are considered to be in moderate-to-high flood zones. In fact, property owners who reside in Zone D areas should carry flood insurance due to the uncertainty of the risk. This does not mean that the area is not at risk of experiencing a flood. If a property is designated as Zone D on the flood map, then this means that no flood hazard analysis has been conducted in that region. Property owners and renters in these areas are also not federally-required to carry flood insurance as the risk level is substantially reduced due to the elevation. The areas of minimal flood hazard, which are the areas located higher than the elevation of the 0.2-percent-annual-chance flood, are labeled on flood maps as Zone C or Zone X (unshaded). Properties purchased in moderate-to-low risk areas are not federally-required to have flood insurance, but it is highly recommended for all property owners and renters. In areas with these designations, the risk of being flooded is less-likely but not completely removed. Moderate flood hazard areas, which are labeled on flood maps as Zone B or Zone X (shaded), are the areas between the limits of the base flood and the 0.2-percent-annual-chance (or 500-year) flood. Anyone who buys a home or business in these areas with mortgages from federally-regulated or insured lenders is required by law to purchase flood insurance.

Properties with these designations have at least a 1 in 4 chance of flooding during a 30-year mortgage. High risk food hazard areas are labeled as Zone A, Zone AO, Zone AH, Zones A1-A30, Zone AE, Zone A99, Zone AR, Zone AR/AE, Zone AR/AO, Zone AR/A1-A30, Zone AR/A, Zone V, Zone VE, and Zones V1-V30 on most flood maps. Special flood hazard areas (SFHA) are areas of land that have been identified by the Federal Emergency Management Agency (FEMA) as having a higher than average risk of experiencing a flood. The difference is whether the land is categorized as a high, moderate, low, or undetermined risk zone. Our exclusive buyers agents are highly knowledgeable in the Wilmington, NC flood zone areas with years of experience in helping home buyers negotiate the best terms on a new home.Ĭontrary to belief, every property in the country exists in a flood zone. But, whether the property you are interested in purchasing is located near the ocean or along the winding waterways, flood insurance has to be one of your considerations before you decide to purchase.

It’s one of the things that make properties in this part of the state so popular. Exclusive Buyer’s Agent Advice: Understanding Flood Zones in Wilmington, NCĪ good portion of real estate in the Wilmington area is located near water sources.

Castle on the coast that gets flooded yearly