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Island Updates – Oak Island NC

Island Updates – Oak Island NC

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Property

Wilmington, NC 28409 5500 Peden Point Road

$2,100,000

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Presented By: RE/MAX at the Beach / Oak Island
  • Brunswick County AOR (BRWC) - 92 - NC
  • MLS# 100486145
  • 01/31/2025
  • Request Tour
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Home Details

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
Presented By: RE/MAX at the Beach / Oak Island

General for 5500 Peden Point Road

CityWilmington
City LimitsNo
Co Listing Member NameRobert Carroll
Cobra ZoneYes
CountyNew Hanover
Days on Market100
Geo Lat34.129124
Geo Lon-77.870029
HOANo
HOA and Neigh AmenitiesNo Amenities
Listing Member NameDiana M Setaro
Location TypeMainland
Lot Sqft75882.00
PossessionAt Closing
Property TypeB
Secondary SubdivisionN/A
Special Assessmentsnone
StatusActive
Stipulation of SaleNone
Sub-TypeMobile Home Park
SubdivisionMyrtle Grove
Tax Assessed Value1277900.00
Tax Year2024
Terms1031 Exchange, Conventional, Cash
TopographyCleared, See Remarks, Marsh/Wetland
UtilitiesPhone Available, Well Water, Shared Well, Septic On Site
WaterviewYes
ZoningR-15
current useMobile Home Park, Vacant

Exterior for 5500 Peden Point Road

Acres1.74
Buildings on PropertyManufactured Home
Environmental HazardUnknown
FencingNone
Frontage TypeICW Front, See Remarks
Fuel TankNone
List Price/Acre1206896.55
Lot DescriptionDead End, Wetlands, Level
Lot Water FeatureWater Access Comm, Waterfront Comm
MLS Identifier20150918160742258811000000
Road Type/FrontageMaintained, Public (City/Cty/St)
Total Road Frontage797
View TypeICW View, Water View, Marsh View
Water Frontage75.00
WaterfrontYes

Additional Details

Price History

Brian Inskip

North Carolina Coastal Real Estate Expert
Price $2,100,000
MLS#100486145
List Date 01/31/2025
Property Type Land
Phone 910.622.4576
Request Tour
Request Info
Visit My Website

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