MLS# 100523558 – 43.8 Elizabeth Avenue, New Bern, NC 28562

$2,500,000 - Br/Ba -  for Sale in Derby Park, New Bern
Price: $2,500,000
Lot Size Acres: 43.80
Lot Size SqFt: 1,907,928
Status: Active
Property Type: Residential Land
Days on Website: 26

Courtesy of Allana Ross New Bern 4 Sale, NorthGroup

Property Description

Welcome to Millstone Crossing, a 43.8-acre subdivision located within New Bern City Limits. Recently rezoned R6 with 146 approved building lots. This sale is for lots 6 to 146 and the common area associated with them. Please view ”Derby Park Phase Eight Concept Map A” and ”Millstone Crossing General Plan” for specifics. Current property access is at the end of both Elizabeth Avenue and Saratoga Lane. The subdivision was known as Derby Park Phase Eight and has been renamed Millstone Crossing. The subdivision has been approved and is ready to go on record. This project is ready to start the permitting process. Public water and sewer are available: fees for these services will be assessed and paid during the permitting process. The approved subdivision has 146 lots; this sale does not include lots 1 to 5 and the common area associated with them (different owner). Please request copies of the survey, concept plan, general plan, zoning approval and other relevant documents from the listing broker. The property is currently not part of an HOA. The advertised tax value was applied to the land prior to being rezoned. Tax value will change significantly when the subdivision is recorded. The owner is a NC Licensed Real Estate Broker.

$2,500,000 - Br/Ba -  for Sale in Derby Park, New Bern
$2,500,000 - Br/Ba -  for Sale in Derby Park, New Bern
$2,500,000 - Br/Ba -  for Sale in Derby Park, New Bern

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Property Details and Features

  • Property Access
  • Road Type/Frontage: Maintained,Paved,Public (City/Cty/St)
  • Disclosures
  • Unknown
  • Fence
  • None
  • Home Owner’s Association
  • HOA: No
  • HOA Amenities: No Amenities
  • Listing
  • Sub-Type: Residential Land
  • Listed on 2025-08-06
  • List Price/Acre: $57,078
  • Terms: 1031 Exchange,Will Not Divide,Cash
  • Location
  • Zip Code: 28562
  • Latitude: 35.131377
  • Longitude: -77.111458
  • Subdivision: Derby Park
  • City Limits: Yes
  • Lot
  • 1,907,928 sqft lot
  • Lot Dimensions: irregular
  • 43.8 total acre
  • Lot Description: Development,Subdivision
  • Lot Water Features: None
  • Topography: Undeveloped
  • Possession
  • At Closing
  • Property
  • Zoning: R6
  • Bldgs on Property: None
  • Soil Evaluation: Soil Evaluation – No
  • Taxes
  • Tax Assessed Value: $15,160
  • Property Taxes: $127
  • City Tax Rate: 3346
  • Deferred Taxes: No
  • Tax Year: 2025
  • Utilities
  • Sewer Available
  • Water Available
  • Fuel Tank: None

Property Map

$2,500,000 – 43.8 Elizabeth Avenue, New Bern, NC 28562

Street View

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MLS LogoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of September 1, 2025 8:30PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor NorthGroup shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.