Terrapin in Leland: New Homes, Prices and What Buyers Should Know

Host: Okay so, Buddy, I feel like every time I turn around somebody's asking me about this new neighborhood in Leland — Terrapin. What's the deal, is this actually a real thing or just, like, a sign on the highway that got people excited?

Buddy Blake: No, it's real, it's real. I get asked about it more than most Leland neighborhoods lately, honestly. And I think that's exactly why — people see it's brand new and they wanna know, is this legit, is it gonna be worth it. So let's just look at the numbers and the homes themselves, that's usually the best way to answer that.

Host: Right, cut through the hype. So where exactly are we talking about?

Buddy Blake: Terrapin's in Leland, Brunswick County. And everything being built there is new construction — we're talking homes going up between twenty twenty-five and twenty twenty-seven. So this is very much a still-growing community, not something that's fully finished yet.

Host: So if I'm shopping there right now, what am I actually looking at? Move-in ready stuff, or still-under-construction stuff, or both?

Buddy Blake: Both, honestly. That's kind of the nature of it right now — you've got a mix of homes ready to move into and homes still being built. So depending on your timeline, there's options either way.

Host: Okay, walk me through the actual homes. What are people building out there?

Buddy Blake: So there's two kinds — single-family houses and townhomes. Right now there's twenty-six single-family homes on the market and ten townhomes. So single-family is definitely the more common option, but the townhomes give you that lower-maintenance choice if you want it, same neighborhood.

Host: And size-wise, what's typical?

Buddy Blake: Typical home runs about two thousand two hundred twenty-five square feet, and four bedrooms is the most common layout. So that's a size that works if you've got a family needing the bedroom space, or honestly even if you just want a home office and a guest room.

Host: Okay let's talk money, 'cause I know that's what everybody actually wants to know.

Buddy Blake: Yeah, always. So there's thirty-six homes for sale in Terrapin right now, asking prices range from two ninety-nine, nine hundred all the way up to seven forty-nine, nine hundred. Median asking price is four hundred sixty thousand, three hundred seventy-nine dollars.

Host: That's a huge range though — three hundred grand to almost seven fifty. What's causing that big of a spread?

Buddy Blake: That tells me there's real variety in lot size, floor plan, finish level within the neighborhood. This isn't a one-price-fits-all situation — you can find something on the more affordable end or go bigger and higher-end, depending what you want.

Host: Okay so with thirty-six on the market — how many of those are actually still available versus already spoken for?

Buddy Blake: Thirty of the thirty-six are already under contract. That's a meaningful chunk of the current inventory, right there.

Host: Whoa, thirty out of thirty-six? That's most of it.

Buddy Blake: It is. And over the last twelve months, seventy-eight homes have sold in Terrapin at a median price of four hundred seventy-four thousand, six hundred twenty-four dollars. Typical sold home spent about thirty-nine days on the market before going under contract.

Host: Thirty-nine days doesn't sound like much time at all.

Buddy Blake: It's not, honestly, not in this market. And when you combine that with thirty of thirty-six active listings already under contract, it tells you buyers are actively choosing this neighborhood. It's not just sitting there.

Host: So who's this actually a good fit for? Like, who should be putting Terrapin on their list?

Buddy Blake: If you want a new home in Leland, and you like having that choice between single-family and townhome living, four-bedroom layout, and you don't mind a neighborhood that's still filling in rather than fully built out — yeah, put it on your list. And honestly, it's worth thinking through Leland versus Wilmington too, what you get for your money in each spot, 'cause that changes the picture some for folks.

Host: And what about the person who's like — I already own a home, I'd love to move into something like this, but I gotta sell first. Is that a conversation you have a lot?

Buddy Blake: All the time, every week honestly. That's exactly the kind of thing I walk sellers through — figuring out how to time it right so you're not stuck juggling two mortgages or missing out on a place you like. It's a real conversation, not a small detail.

Host: This has been really helpful, Buddy. So if somebody's listening and they're curious about Terrapin, or honestly anywhere else in Leland, what should they do?

Buddy Blake: Just give me a call or text, nine one zero, three nine five, one thousand. Happy to talk it through, no pressure, just answer questions. And the full article's linked in the show notes if you wanna dig into the numbers yourself.

Host: Love it. Buddy, thanks so much for breaking this down — always learn something new talking to you.

Buddy Blake: Anytime. Thanks for having me.