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For sale
    • $1,895,000

    500 Arendell Street, Morehead City, NC 28557

    6beds
    4,896sqft
    : 
    $10,766/mo
    Get pre-qualified
    Single Family Residence
    Built in 1920
    3,485 Square Feet Lot
    $1,769,700 Zestimate®
    $387/sqft
    $-- HOA

    What's special

    Beautifully renovated buildingOriginal vintage charmAttention to detail throughoutRight by the waterfront
    The Historic City House was originally constructed as the Tidewater Power Company in 1920 and was often referred to as the Old Well House. So much charm and beauty through this beautifully renovated building, yet still maintaining so much of the original vintage charm. Established Bed & Breakfast is ready for investor to step in at any time with this prime downtown Morehead City location right by the Waterfront. With 4 beautifully furnished units, there are so many possibilities! THE FLAT is the first level and front entry unit and offers 2 bedrooms, 1.5 baths, full kitchen, and a spacious living area. THE RESIDENCE is the largest unit with 2 large bedrooms, 2 full bathrooms, tons of living space, 12'+ ceilings, laundry room, oversized gourmet Kitchen, and rooftop access. The rooftop has a hot tub, and large space for entertaining with views galore of downtown Morehead City Waterfront, Bogue Sound, Sugarloaf Island, Calico Creek, ICW, and more. THE LOFT offers one spacious bedroom suite with full size kitchen and large living room that has 9'+ ceilings. THE CHAMBER offers a more cozy setting with one bedroom suite and more compact kitchen. Be sure to see photos to appreciate the attention to detail throughout. All units can be connected to create one large residence if desired, units are currently closed off for privacy. Ask agent for current website to see current marketing for existing bed and breakfast. This location is tough to beat and truly is a "turn key investment"!!!
    2 days
    73
    4

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Meredith & Matt Team Johnson 252-269-9177,

    RE/MAX Ocean Properties

    Source: Hive MLS,MLS#: 100611721MLS LogoOriginating MLS: Carteret County Association of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 6
      • Full bathrooms: 5
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bathroom 2, Bathroom 3, Basement, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Living Room, Bathroom 1, Master Bedroom
      Primary bedroom
      • Dimensions: 17 x 22.42
      Bedroom 2
      • Dimensions: 13.76 x 17.34
      Bedroom 5
      • Dimensions: 10.08 x 12.45
      Bedroom 6
      • Dimensions: 12.43 x 9.74
      Other
      • Dimensions: 11.34 x 5.57
      Other
      • Dimensions: 5.19 x 5.36
      Bathroom 1
      • Dimensions: 17.48 x 4
      Bathroom 3
      • Dimensions: 7.36 x 7.5
      Bathroom 4
      • Dimensions: 8.16 x 6.31
      Bathroom 5
      • Dimensions: 5.28 x 6.29
      Other
      • Dimensions: 5.24 x 4
      Kitchen
      • Dimensions: 10.36 x 10
      Kitchen
      • Dimensions: 34.52 x 17.02
      Kitchen
      • Dimensions: 16.12 x 10.5
      Kitchen
      • Dimensions: 45.39 x 24.75
      Living room
      • Dimensions: 14.62 x 14.35
      Living room
      • Dimensions: 6.58 x 6.29
      Heating
      • Heat Pump, Fireplace(s), Electric
      Cooling
      • Ceiling Fan(s), Heat Pump
      Appliances
      • Included: Vented Exhaust Fan, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher, Electric Range
      • Laundry: Laundry Room
      Features
      • Vaulted Ceiling(s), High Ceilings, Entrance Foyer, Solid Surface, Whirlpool, Bookcases, Kitchen Island, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Wet Bar, Built-in Features, Eat-in Kitchen, Gas Log, Tile Counters
      • Flooring: Tile, Wood
      • Doors: Storm Door(s)
      • Has fireplace: Yes
      • Fireplace features: Gas Log
      • Furnished: Yes
      Interior area
      • Total structure area: 4,896
      • Total interior livable area: 4,896 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: On Street, Garage Door Opener
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Patio & porch: See Remarks
      • Exterior features: Storm Doors, See Remarks
      • Pool features: Pool/Spa Combo
      • Fencing: None
      • Has view: Yes
      • View description: Creek/Stream, ICW, Marina, Ocean, Sound, Water
      • Has water view: Yes
      • Water view: Creek/Stream,Marina,Ocean,Sound,Water
      • Waterfront features: None
      • Frontage type: See Remarks
      Lot
      • Size: 3,485 Square Feet
      • Dimensions: 55 x 64
      • Features: Corner Lot, Recreation Nearby
      Details
      • Parcel number: 638620814325000
      • Zoning: OP
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block, Concrete, Stucco, Wood Siding, Steel Frame
      • Foundation: Slab
      • Roof: Membrane,Flat
      Condition
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Subdivision: Not In Subdivision
      HOA
      • Has HOA: No
      Location
      • Region: Morehead City

      Financial & listing details

      • Price per square foot: $387/sqft
      • Tax assessed value: $1,027,988
      • Annual tax amount: $5,931
      • Date on market: 10/21/2026
      • Cumulative days on market: 2 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Commercial,Cash,Conventional
      • Lease term: Other

        Estimated market value

        $1,769,700

        $1.68M - $1.86M

        $2,928/mo

        Price history

        DateEventPrice
        10/21/2026Listed for sale$1,895,000+89.5%$387/sqft
        Source: Hive MLS #100611721 Report a problem
        12/22/2025Sold$1,000,000-22.8%$204/sqft
        Source: Hive MLS #100486161 Report a problem
        11/28/2025Contingent$1,295,000$265/sqft
        Source: Hive MLS #100486161 Report a problem
        9/23/2025Price change$1,295,000-10.7%$265/sqft
        Source: Hive MLS #100486161 Report a problem
        8/15/2025Listed for sale$1,450,000$296/sqft
        Source: Hive MLS #100486161 Report a problem
        7/7/2025Listing removed$1,450,000$296/sqft
        Source: Hive MLS #100486161 Report a problem
        6/13/2025Price change$1,450,000-10.8%$296/sqft
        Source: Hive MLS #100486161 Report a problem
        4/16/2025Price change$1,625,000-7.1%$332/sqft
        Source: Hive MLS #100486161 Report a problem
        1/31/2025Listed for sale$1,750,000$357/sqft
        Source: Hive MLS #100486161 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,932 +131.4%$1,027,988 +212.7%
        2024$2,564 +267%$328,786 +63.5%
        2023$699 +3%$201,088
        2022$679 $201,088
        2021$679 $201,088
        2020$679 +10.1%$201,088 +3.7%
        2019$616 $194,003
        2017$616 $194,003
        2016$616 $194,003
        2015$616 +3.2%$194,003 +21.6%
        2014$597 $159,554
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 28557

        Getting around

        42 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Morehead City Primary
        • Middle: Morehead City
        • High: West Carteret

        Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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