MLS# 100486145 – 5500 Peden Point Road, Wilmington, NC 28409

$2,100,000 - Br/Ba - for Sale in Myrtle Grove, Wilmington
Price: $2,100,000
Lot Size Acres: 1.74
Lot Size SqFt: 75,882
Status: Active
Property Type: Mobile Home Park
Days on Website: 135

Courtesy of Diana M Setaro, RE/MAX at the Beach / Oak Island

Property 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

Open House

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,Waterfront Community
  • 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
  • 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
  • Fuel Tank: None

Property Map

$2,100,000 – 5500 Peden Point Road, Wilmington, NC 28409

Street View

Nearby Schools

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