5500 Peden Point Road, Wilmington, NC 28409 – MLS# 100486145
Property Map
Street View
Courtesy of Diana M Setaro, RE/MAX at the Beach / Oak Island
Description
For Sale: Prime 1.74-Acre Waterfront Property on the Intracoastal Waterway – Wilmington, NCDiscover 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
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Maintained,Public (City/Cty/St)
Disclosures
- Unknown
Fence
- None
Home Owner’s Association
- HOA: No
- HOA Amenities: No Amenities
Listing
- Sub-Type: Mobile Home Park
- Listed on 2025-01-30
- List Price/Acre: $1,206,897
- Terms: 1031 Exchange,Conventional,Cash
Location
- Zip Code: 28409
- Latitude: 34.129124
- Longitude: -77.870029
- Subdivision: Myrtle Grove
- City Limits: No
Lot
- 75,882 sqft lot
- Water Frontage: 75
- 1.74 total acre
- Lot Description: Dead End,Wetlands,Level
- Lot Water Features: Water Access Comm,Waterfront Comm
- Topography: Cleared,See Remarks,Marsh/Wetland
Possession
- At Closing
Property
- Cobra Zone
- Zoning: R-15
- Waterview
- Federal Flood Insurance available
- Waterfront
- Soil Evaluation: Other: Septics in place
- Bldgs on Property: Manufactured Home
Taxes
- Tax Assessed Value: $1,277,900
- Property Taxes: $6,677
- City Tax Rate: 6601
- Deferred Taxes: No
- Tax Year: 2024
Utilities
- Phone Available
- Well Water
- Shared Well
- Septic On Site
- Fuel Tank: None