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

$1,200,000 - Br/Ba - for Sale in Not In Subdivision, Wilmington
Price: $1,200,000
Lot Size Acres: 7.57
Lot Size SqFt: 329,749
Status: Active
Property Type: Residential Land
Days on Website: 271

Courtesy of Caroline Dugas, Living Seaside Realty Group

Property 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.

Open House

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

Property Map

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

Street View

Nearby Schools

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