5500 Peden Point Road, Wilmington, NC 28409 (MLS# 100486145)

5500 Peden Point Road, Wilmington, NC 28409

$2,100,000

Property Type: Land Lot Size (sq. ft.): 75,882 Status: Active

Current Price: $2,100,000 List Date: 1/31/2025 Last Modified: 2/10/2025

Description

For Sale: Prime 1.74-Acre Waterfront Property on the Intracoastal Waterway - Wilmington, NC Discover endless possibilities with this rare 1.74-acre gem located on the stunning Intracoastal Waterway in Wilmington, North Carolina. Whether you're a savvy investor, a developer, or someone seeking the perfect waterfront opportunity, this property offers unmatched potential. Property Highlights: Prime Location: Situated in a highly desirable area of Wilmington, NC, with direct access to the Intracoastal Waterway. Development Potential: Zoned for residential use, allowing the development of up to five single-family homes. Income Opportunity: Currently operates as a thriving mobile home park, generating $6,500 in monthly income. Waterfront Lifestyle: Stunning views, serene surroundings, and direct waterway access. Ideal for boating, fishing, and enjoying the coastal lifestyle. Proven Value: An excellent investment opportunity with flexible options for future growth. Keep the existing mobile home park for steady income, currently 6500 per month, 4 of the 6 mobile homes convey with the land. Transform this property into a beautiful residential community with up to five custom homes. This is a rare chance to own waterfront acreage with income-generating potential in one of North Carolina's most sought-after coastal cities. Agent related to seller

More Information MLS# 100486145

Contract Info

Status: Active Delayed Marketing?: No Marketing Start Date: 2025-01-30 Sub-Type: Mobile Home Park Listing Price: 2100000 Current Price: $2,100,000 List Price/Acre: 1206896.55 Stipulation of Sale: Standard

Location Information

Street #: 5500 Street Name: Peden Point Street Suffix: Road County: New Hanover State/Province: NC Zip Code: 28409 City Limits: No Marketing City: Wilmington Subdivision: Myrtle Grove Secondary Subdivision: N/A Geo Lat: 34.129124 Geo Lon: -77.870029

Remarks and Showing

Directions to Property: Carolina Beach road to Piner Road to Peden Point Road Sign on Property: Yes

Property Exterior Info

Acres - Total: 1.74 Lot SqFt: 75882 Deed Restriction: No Total Road Frontage: 797 Waterfront: Yes Water Frontage: 75 Waterview: Yes Location Type: Mainland Horses Y/N: No

Legal and Taxes

Tax Assessed Value: 1277900 Deed Book: 6601 Deed Page: 782 Legal: R07620-002-001-000 Broker Owner: No PID: R07620-002-001-000 Tax Identifier: R07620-002-001-000 Total Real Estate Property Taxes: 6677.03 Special Assessments: none Deferred Taxes: No Tax Year: 2024 Zoning: R-15 HOA: No Cobra Zone: Yes Federal Flood Ins Avlbl: Yes Elementary School: Bellamy Middle School: Myrtle Grove High School: Ashley

Soil Evaluation

Other: Septics in place

Property Features

Current Use: Mobile Home Park; Vacant Bldgs on Property: Manufactured Home Frontage Type: ICW Front; See Remarks Topography: Cleared; Marsh/Wetland; See Remarks View Type: ICW View; Marsh View; Water Fencing: None Fuel Tank: None Environmental Hazard: Unknown Lot Description: Dead End; Level; Wetlands Utilities: Phone Available Sewer: Septic Tank Water Source: Shared Well; Well Lot Water Features: Water Access Comm HOA and Neigh Amenities: No Amenities; Waterfront Community Terms: 1031 Exchange; Cash; Conventional

Listing Office: RE/MAX at the Beach / Oak Island

Last Updated: February - 10 - 2025

5500 Peden Point Road, Wilmington, NC 28409- MLS# 100486145

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5500 Peden Point Road, Wilmington, NC 28409 (MLS# 100486145)

5500 Peden Point Road, Wilmington, NC 28409 (MLS# 100486145)