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5500 Peden Point Road

Wilmington, NC 28409
  • $2,100,000
  • STATUS: Active
  • ON SITE: 7 Days
  • MLS #: 100486145
UPDATED: 12 min ago
$2,100,000
  • 0
    BEDS
  • 1.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

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

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Mid Carolina MLS logo© 2025 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2025-02-08T10:15:48.363.
www.nccoastalproperty.com/homes/159911931
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5500 Peden Point Road Wilmington, NC 28409

  • Price: $2,100,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 12 min ago
  • MLS #: 100486145
0
Beds
0
Baths
0
½ Baths
1.74
Acres
Neighborhood:
Myrtle Grove
County:
New Hanover
Area:
Wilmington
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
Exterior Features

Buildings On Property Manufactured Home Fencing None Location Type Mainland Lot Description Dead EndWetlandsLevel Lot Water Features Water Access CommWaterfront Comm Road Type Frontage MaintainedPublic (City/Cty/St) Soil Evaluation Other Septics in place Topography ClearedSee RemarksMarsh/Wetland Total Road Frontage 797 Water Frontage 75.00 Waterfront Yes Waterview Yes

Property Features

City Limits No Cobra Zone Yes Current Use Mobile Home ParkVacant Deed Restriction No Environmental Hazard Unknown Federal Flood Ins Available Yes Frontage Type ICW FrontSee Remarks Fuel Tank None Hoa And Neighborhood Amenities No Amenities Hoa YN No Horses YN No Land Sub Type Mobile Home Park Possession At Closing Property Taxes 6677.03 Secondary Subdivision N/A Tax Year 2024 Terms 1031 ExchangeConventionalCash View Type ICW ViewWater ViewMarsh View Water Sewer Phone AvailableWell WaterShared WellSeptic On Site Zoning R-15



Mid Carolina MLS logo Listing information © 2025 NCRMLS
Listing courtesy of Diana Setaro of RE/MAX at the Beach / Oak Island: (910) 278-1950.


Mid Carolina MLS logo© 2025 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS. Data last updated 2025-02-08T10:15:48.363.
 
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119 Causeway Drive
Ocean Isle Beach NC, 28469