SUNSET BEACH, NC (WWAY) -- Sunset Beach town leaders are still trying to resolve a dispute between a developer and property owners in one of his neighborhoods.
Jaguar's Lair was supposed to be a lavish development with lush greens and blue waters. Now property owners say their dream of luxury living has turned into a living nightmare.
Today Sunset Beach officials met with disgruntled property owners before going into executive session.
Property owners paid up to $500,000 per lot seven years ago, but say they continue to lose money on land they cannot live on.
We tried to reach developer mark saunders, but he has not returned our calls.
Council members say they continue talks with the developer and hope this issue can be settled soon.
"I wish they hadn't paid cash for their property, but we all make decisions in life, and if they could be a little more patient and not be so critical while we are trying to do what is best," Councilwoman Karen Joseph said.
Joseph says if the town has to go to court it will ultimately be the taxpayers of Sunset Beach who will foot the bill.
The meeting was recessed until Thursday, which is when council hopes to have a final decision on the future of Jaguar's Lair.