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
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
- 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#: 100486145

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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