$2,100,000
 $10,955 est/mo Sourced by Back At You

5500 Peden Point Road , Wilmington, NC 28409

Wilmington, NC 28409

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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

Details

MLS#100486145
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site10
Listing Provided ByRE/MAX at the Beach / Oak Island | Diana M Setaro

Features

ZoningR-15
Acreage1.74
Water FrontYes
Property ViewMarsh View, Water

Market Activity 28409

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Learn More About This Property

Rebecca Moxey

Rebecca Moxey

Coldwell Banker Sea Coast Advantage

240728 (910) 526-9114Contact Me Form Link
StateNC
CountyNew Hanover
CityWilmington
Zip Code28409
AreaNew Hanover
Community NameMyrtle Grove
School DistrictAshley
Elementary SchoolBellamy
Middle SchoolMyrtle Grove
High SchoolAshley
Listing VS Median (in Myrtle Grove)
Price:
$2,100,000
low | high
Med:
$445,000
100% of Average
On Site:
10
low | high
Med:
200.000000
5% of Average
Sourced by Back At You
Listing Updated: February 6, 2025 at 4:21:36 PM PST