Active
5500 Peden Point Road
Wilmington NC, 28409
$2,100,000
$27.67 per sqft
Active
1.74 Acres
Land
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
100486145
MLSⓇ ID
January 31, 2025
Listed
February 20, 2025
Updated
Exterior/Building Features
Lot Size
1.74 Acres
Lot Features
Dead End, Level, See Remarks, Wetlands
Sewer
Septic On Site
School Information
High School
Ashley
Elementary School
Bellamy
Other Property Details
Taxes
$6,677
Tax Frequency
Annually
Days on Market
12
Association Fee Frequency
Yearly
Association Amenities
No Amenities
Garage
No
View
Yes
View Description
Marsh View, Water
County
New Hanover
Water Source
Shared Well, Well
Waterfront
Yes
Waterfront Features
ICW View, Water Access Comm, Waterfront Comm
Utilities
Phone Available
Zoning
R-15
Courtesy of RE/MAX at the Beach / Oak Island with Diana M Setaro, Robert Carroll
Listing Contact: 910-294-1297
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Data last updated 11:00 AM UTC, 2/20/2025
