202 Palmetto Road, Wilmington, NC 28401 – MLS# 100459199

Property Map

$1,200,000 – 202 Palmetto Road, Wilmington, NC 28401

Street View

$1,200,000
7.57 Acre Lot
329,749 Sqft Lot
Status Active
Property Type Residential Land
Price Type
Days on Website 270

Courtesy of Caroline Dugas, Living Seaside Realty Group

Description

Some of the most beautiful land in New Hanover County. Would make a wonderful estate lot or lovely location for a small subdivision. Close to downtown and yet no city taxes. Historically this property was part of a large rice plantation. On over 7 acres of mostly high and dry land are groves of gorgeous hardwood trees. Looking out, this land will have a panoramic view of the Cape Fear River and marshland. A peaceful location situated right next to Preservation Point. This part of Wilmington is being discovered and is truly a wonderful location! There is a power line easement running through a small portion of the land, and water, sewer and natural gas are right next door.Survey and wetlands delineation was completed in 2024.

HOA Amenities

Property Details and Features

Property Access

  • Road Type/Frontage: Paved,Public (City/Cty/St)

Disclosures

  • Unknown

Home Owner’s Association

  • HOA: No

Listing

  • Sub-Type: Residential Land
  • Listed on 2024-08-03
  • List Price/Acre: $158,520
  • Terms: 1031 Exchange,Conventional,Cash

Location

  • Zip Code: 28401
  • Latitude: 34.271835
  • Longitude: -77.935454
  • Subdivision: Not In Subdivision
  • City Limits: No

Lot

  • 329,749 sqft lot
  • Lot Dimensions: irreg
  • 7.57 total acre
  • 0.5 cleared acres
  • Lot Description: Wetlands
  • Lot Water Features: None
  • Topography: Undeveloped,Wooded

Possession

  • At Closing

Property

  • Zoning: FD
  • Waterview
  • Federal Flood Insurance available
  • Bldgs on Property: None
  • Soil Evaluation: Soil Evaluation – No

Taxes

  • Tax Assessed Value: $112,300
  • Property Taxes: $587
  • City Tax Rate: 6052
  • Tax Year: 2023

Utilities

  • Electricity Available
  • Natural Gas Available
  • Municipal Water Available
  • Municipal Sewer Available
  • Sewer Provider: Cape Fear Public Utility Authority
  • Electric Provider: Duke Progress Energy
  • Water Provider: Cape Fear Public Utility Authority
  • Fuel Tank: None

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