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Lot/land
  • $2,100,000

    5500 Peden Point Road, Wilmington, NC 28409

    --beds
    0baths
    1.74Acres
    Land
    Built in ----
    1.74 Acres Lot
    $1,241,500 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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
    192 days
    on Zillow
    |
    370
    |
    7
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 10, 2025 at 11:24am

    Listed by:

    Diana M Setaro 910-294-1297,

    RE/MAX at the Beach / Oak Island,

    Robert Carroll 910-465-2717

    Source: Hive MLS,MLS#: 100486145MLS Logo
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0

    Property

    Features
    • Fencing: See Remarks,None
    • Has view: Yes
    • View description: Marsh View, Water
    • Has water view: Yes
    • Water view: Marsh View,Water
    • Waterfront features: Water Access Comm, ICW Front
    • Frontage type: See Remarks,ICW Front
    Lot
    • Size: 1.74 Acres
    • Features: Dead End, Level, See Remarks, Wetlands
    • Topography: Marsh/Wetland,Cleared
    Details
    • Additional structures: Manufactured Home
    • Parcel number: R07620002001000
    • Zoning: R-15

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Shared Well, Well
    • Utilities for property: Phone Available

    Community & HOA

    Community
    • Subdivision: Myrtle Grove
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: Wilmington

    Financial & listing details

    • Tax assessed value: $1,277,900
    • Annual tax amount: $6,677
    • Date on market: 1/31/2025
    • Listing terms: 1031 Exchange,Cash,Conventional
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