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June 26, 2008

Seabrook

Seabrook founder Casey Roloff said the beach town he is developing on the Olympic Peninsula is seeing increasing home sales this year and said vacation rentals are “brisk.” He said 117 homes have sold and homes in the first oceanfront phase are now available. Beach cottage sales are up 50 percent in last 12 months, according to Walker John, Seabrook's chief financial officer. As of the first quarter of the year, vacation rentals saw increases of 300 percent over 2007's first quarter. The town has Nantucket-style cottages as well as retail on 300 acres. More than 450 homes could be built in the next five years. Fourteen of the 45 lots in the oceanfront phase are now available. They range in price from $1 million to $2 million. Non-oceanfront cottages start at $399,000.




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