Bald Head Island Limited, in partnership with Southern Living, announces Roast and Toast on the Coast, a three-day event weekend at Cape Fear Station on Bald Head Island, Oct. 6-8, 2017.
Events take place in and around the Southern Living Inspired Community at Cape Fear Station. Tickets are available for purchase at online. The neighborhood is located a short walk from the Atlantic Ocean, just above Cape Fear.
“I think just the journey to Bald Head immediately tells you that you’re going to someplace different and someplace special,” said Southern Living Editor Sid Evans, referring to the community’s ferry access.
The weekend kicks off Friday night with a traditional oyster roast at the Bald Head Island Club or a four-course dinner hosted by Southern Living Test Kitchen Chef Director Robby Melvin and Shoals Club Executive Chef Caitlyn Fisher.
Saturday features home tours in the Southern Living Inspired Community in Cape Fear Station and at the Southern Living Idea House. The afternoon continues at The Common at Cape Fear Station with a tasting event featuring wine, craft beer and specialty cocktails along with a Southern Smoke BBQ dinner by pit master Matt Register. The evening concludes with live music under the stars by “new grass” band The Midatlantic. On Sunday, the weekend wraps up with a wine tasting and seated dinner at the Bald Head Island Club featuring fine wines by B Cellars of Napa Valley, all rated 90+ by Robert Parker's Wine Advocate
“Now in its third year, the Roast and Toast on the Coast event is one of our most anticipated weekends on Bald Head Island,” said Jeff Leonard, Executive Director for Bald Head Island Limited Real Estate Sales. “Vacationers are making their plans months in advance to come to the event. If you’ve never been to Bald Head Island, it’s the perfect introduction to our carefree, relaxed way of life.”
Bald Head Island is a boat-accessed community located two miles off the coast of Southport, NC. Transportation on the island is restricted to golf carts, bicycles and pedestrian traffic. Of the island’s 12,000 acres, 10,000 acres of beaches, salt marsh and maritime forest are protected and will remain undeveloped. To learn more about the Southern Living Inspired Community at Cape Fear Station, visit www.BHIRealEstate.com/InspiredCommunity.
If you are thinking about purchasing a second home for use during vacations, as rental property or as an investment, you should consider the current tax breaks when conducting your research. There are certain tax rules that apply depending upon how you plan to use your potential new investment. Since many homeowners plan a mixed use of their second home by renting it and using it for personal vacation, understanding how the current tax laws would apply to your situation will be a useful factor in making a final decision. Let’s examine a few of the most common financial questions:
If your plans are to make your new purchase as a second home, you may deduct the mortgage interest just as you would on your primary home. Currently, you can deduct 100% of your interest up to $1.1 million of debt secured by both your primary and second homes. In addition, you can also deduct your property taxes on your second home. However, general expenses like utilities or maintenance costs are typically exempt from interest deductions.
The tax implications for renting out a vacation home can be complicated and depend upon the length of time that you rent it. You can rent out your second home for any amount for 14 days or less without having to report any of the income generated to the IRS. Since the house is considered a personal residence, you would still be able to deduct mortgage interest and property taxes under the standard second home rules.
When you rent out your home for 15 days or more, it is considered rental property. In this scenario, all rental income must be reported to the IRS. You can also deduct rental expenses such as property management fees, 50% of depreciation, insurance premiums, utilities, property taxes and mortgage interest. In addition, up to $25,000 (ex. Repairs from a hurricane) in damages may be deductible each year. However, you will have to determine how much time in the year you used the property for personal use versus rental use. Time spent in the home for maintenance or repairs does not count as personal use and means that you can spend more than 14 days in the home.
If you use your vacation home more than 14 days or 10% of the time that it’s rented, the rental loss can’t be deducted because it would be considered a personal residence. It is important to note that if you rent your home to a family member or friend that time is considered personal use unless you receive a fair amount for rent.
When you sell a vacation home that is not your primary residence, you will likely have to pay capital gains tax. Now, if you move into your second home at least two years prior to selling it, you may have some tax benefits due to the Housing and Economic Recovery Act of 2008. However, you will want to check with your real estate agent at Bald Head Island Limited Real Estate Sales to completely understand your options before listing your second home.
Purchasing a vacation home can be rewarding, both personally and financially. Whether you plan to use a second home for personal vacations or rental property prior to moving in during retirement, there are several financial considerations that should be examined prior to purchase. If you are considering acquiring a vacation home on Bald Head Island, contact one of our knowledgeable real estate agents to assist in your search by clicking here.
Tickets are now available for sale to tour the 2017 Southern Living Idea House, located in Cape Fear Station on Bald Head Island, North Carolina. Tickets are $15 for adults and free for children 12 and under when accompanied by a paying adult. A portion of each ticket sold benefits the Old Baldy Foundation, a nonprofit organization dedicated to maintaining North Carolina’s oldest lighthouse, built in 1817. View a video introducing the design team.
Self-guided tours of the Southern Living Idea House are offered Wednesday-Saturday from 10 a.m.-4 p.m. and Sundays from noon-4 p.m. from June 16 through September 3, 2017. From September 9 through October 29, 2017, the Idea House will be open on Saturdays from 10 a.m.-4 p.m. and Sundays from noon-4 p.m. Purchase your tickets online.
The specially selected design team chosen by Southern Living includes builder Jeff Sanderson of Whitney Blair Custom Homes based in Ocean Isle Beach, N.C.; residential designer Eric Moser of Moser Design Group in Beaufort, S.C.; and interior designer Lindsey Coral Harper, who is originally from Cartersville, Ga., and whose studio is based in New York City. Located on a wooded homesite bordering The Common in Cape Fear Station, the Idea House is just a short walk from the island’s distinctive Southern Living Inspired Community, which offers homes for sale through Bald Head Island Limited Real Estate Sales.
No bridge connects Bald Head Island to the mainland and travel on the island is by bike, golf cart or your own two feet. Passenger ferries leave every hour on the hour from the Deep Point Ferry Terminal located at 1301 Ferry Rd in Southport, NC. Return ferries leave the island heading back to the mainland every hour on the half hour. Tickets for round-trip ferry passage and tram reservations to take you to the Idea House and back are not included in tour cost and should be booked directly at www.baldheadislandferry.com. Select "Idea House" from the tram drop-down list when you schedule tram service to the home and back. Or, you can rent a golf cart from Cary Cart Co. online at www.bhicarts.com and explore the island. Cary Cart Co. is located a short walk from the Bald Head Island ferry landing.
Southern Living Magazine, Bald Head Island Limited, LLC, and Whitney Blair Custom Homes are excited to announce that Cape Fear Station on Bald Head Island will be the location of the 2017 Southern Living Idea House.
“Southern Living loves Bald Head Island. As a founding member of the Southern Living Inspired Communities program, the island has been an incredible partner with us,” said Misty Chandler, Southern Living Marketing Manager. “As we looked at our partnership, we thought it would be great to expand it even further by bringing the Idea House to the island.”
The home, which is designed to provide creative ideas and inspiration for prospective and current homeowners, will open for public tours beginning in June 2017 and will be featured in the August issue of Southern Living. The Idea House will remain open throughout the summer and on select weekends in the fall, with a portion of all house tour ticket sales benefitting the nonprofit Old Baldy Foundation. Old Baldy Lighthouse celebrates its 200th birthday in 2017.
“Every year we create an idyllic house that inspires Southern Living readers with design and decorating ideas they can steal for themselves,” said Southern Living Editor-in-Chief Sid Evans. “Using the South's best architects, builders, designers and landscapers, we reimagine the ultimate Southern home and bring it to life in the magazine, on southernliving.com, and on our social platforms. No franchise is more eagerly anticipated by our audience than the Southern Living Idea House.”
Along with developer Bald Head Island Limited and builder Whitney Blair Custom Homes, the talented design partners chosen by Southern Living for the project include residential designer Eric Moser of Moser Design Group in Beaufort, S.C., and interior designer Lindsey Coral Harper, who is originally from Cartersville, Ga., and whose studio is based in New York City.
“The team has been talking long-distance, but this past weekend was the first opportunity we’ve had to sit down for a face-to-face meeting on Bald Head Island to collaborate on the design,” said Whitney Blair Custom Homes Founder/President Jeff Sanderson, whose company was recently named the 2016 Custom Builder of the Year. “The chemistry among the designers was absolutely terrific, and we couldn’t be more excited about their ideas for the home.”
“The Southern Living Idea House is an important marker in the island’s development,” said Charles A. Paul, III, CEO for Bald Head Island Limited. “It will bring great exposure to the island, but most importantly is consistent with the Mitchell Family’s legacy of sensitive land planning and architectural design in harmony with nature.”
Located on a wooded homesite bordering The Common in Cape Fear Station, the Idea House is just a short walk from the island’s distinctive Southern Living Inspired Community, which offers homes for sale through Bald Head Island Limited Real Estate Sales. Download a brochure describing the community’s land planning and architecture, along with homes currently for sale, or stop by the Bald Head Island Limited Real Estate Sales office at 4 Marina Wynd to pick up a hard copy. If you’d like to schedule a personalized tour of Southern Living homes for sale or tour any of the island's outstanding resale listings, email or call 800-888-3707.
Tickets are going fast for the second annual “Roast & Toast on the Coast,” a Southern Living Inspired Event Weekend held October 7-9, 2016 on Bald Head Island, North Carolina.
Hosted by Bald Head Island Limited Real Estate Sales and Southern Living magazine, the weekend's activities center around fine wine, craft beer, craft cocktails, live music and the best of Southern food. A portion of Roast & Toast proceeds benefit the Old Baldy Foundation, a nonprofit dedicated to preserving North Carolina’s oldest standing lighthouse. Last year’s events sold out.
The weekend kicks off Friday, Oct. 7 with your choice of a seated Wine Dinner at the Shoals Club hosted by Southern Living Test Kitchen Director Robby Melvin (21 and up) or a family friendly outdoor oyster roast at the Bald Head Island Club (all ages).
On Saturday, visit three open houses in the Southern Living Inspired Community at Cape Fear Station to get fresh design ideas. Then enjoy a late afternoon on The Common at Cape Fear Station with wine, beer and cocktail tastings, Southern food delicacies, and a special concert under the stars by “new grass” band The Midatlantic. During the event on The Common, Robby Melvin of Southern Living will be doing a special cooking demo that you won't want to miss. Cap off the weekend with a delicious Southern brunch at the Bald Head Island Club on Sunday.
You can purchase tickets for the entire weekend or for individual events, but all events require advance reservations. Visit www.RoastToastCoast.com to ensure your place. If you need accommodations, Bald Head Island Limited Property Management is offering three nights for the price of two in an island home. Visit http://www.baldheadisland.com/vacation/specials/roasttoast16 to learn more.
We look forward to seeing you there!
Join us October 7-9, 2016 on Bald Head Island, North Carolina, for “Roast & Toast on the Coast,” a Southern Living Inspired Event Weekend celebrating the Southern Living Inspired Community at Cape Fear Station. Enjoy three days of activities centered around fine wine, craft beer, craft cocktails, and the best of Southern food.
The weekend kicks off Friday, Oct. 7 with your choice of a Southern Living Inspired Wine Dinner at the Shoals Club (ages 21 and up) hosted by Southern Living Test Kitchen Director Robby Melvin OR a family friendly oyster roast at the Bald Head Island Club (all ages).
On Saturday, tour homes in the Southern Living Inspired Community and enjoy a late afternoon on The Common at Cape Fear Station with wine, beer and cocktail tastings, Southern food delicacies, and a special concert under the stars by "new grass" band The Midatlantic.
On Sunday, cap off the weekend with a delicious Southern brunch at the Bald Head Island Club.
Events are sold a la carte or are bundled to be a great value (prices shown include tax & gratuity). Most events require advance reservations, so book your tickets now to ensure your place. It’s an inspired weekend you won’t want to miss! Learn more and book tickets online at www.RoastToastCoast.com.
Hosted by Bald Head Island Limited Real Estate Sales and Southern Living magazine. A portion of proceeds benefit the Old Baldy Foundation.
Learn More About the Southern Living Inspired Community at Cape Fear Station
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