5500 Peden Point Road, Wilmington, NC 28409 (MLS # 100486145)
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For Sale: Prime 1.74-Acre Waterfront Property on the Intracoastal Waterway - Wilmington, NC Discover 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
| DAYS ON MARKET | 28 | LAST UPDATED | 1/31/2025 |
|---|---|---|---|
| TRACT | Myrtle Grove | YEAR BUILT | 0 |
| COUNTY | New Hanover | STATUS | Active |
| PROPERTY TYPE(S) | Lot/Land/Acreage |
| Elementary School | Bellamy |
|---|---|
| Jr. High School | Myrtle Grove |
| High School | Ashley |
| ADDITIONAL DETAILS | |
| LOT | 1.74 acre(s) |
|---|---|
| LOT DESCRIPTION | Level, See Remarks, Waterfront, Wetlands |
| SEWER | Septic Tank |
| SUBDIVISION | Myrtle Grove |
| TAXES | 6677.03 |
| UTILITIES | Phone Available |
| VIEW | Yes |
| VIEW DESCRIPTION | Water |
| WATER | Shared Well, Well |
| WATERFRONT DESCRIPTION | See Remarks |
| ZONING | R-15 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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