24ac Bay Road, Wallace, NC 28466

$202,500
Property Type: Land Lot Size (sq. ft.): 1,087,693 Status: Closed
Current Price: $202,500 List Date: 9/24/2025 Last Modified: 12/03/2025

Description

This nearly 25-acre property in Pender County offers the rare combination of cleared farmland, wooded buffers, and build-ready homesites. The tract is split by Bay Road, with just over 5 acres on the south side—about an acre and a half already open—and roughly 19 acres on the north side, where 12 acres are currently in row crops. This land has a long history of producing soybeans, corn, and tobacco, and the soils—Norfolk, Goldsboro, and Rains—are known for their versatility in farming and homesteading. What sets this property apart is that it is no longer just raw land. The prior buyer secured three septic permits and well permits, creating immediate opportunities for multiple homes. That makes this an excellent option for anyone looking to establish a family compound, farmstead, or small community with room for livestock, horses, or gardens. The larger tract borders a creek at the rear, where some Special Flood Hazard area is present, but most of the property sits high and dry at about 68 feet above sea level. The mix of cleared fields and wooded acreage also provides privacy, habitat, and space for a range of uses—whether you want to continue row crop production, set up a bona fide farm, or design a homestead with room to grow. The seller will not divide the parcels—both sides of Bay Road are being offered together. This is a chance to purchase usable, permitted land in Pender County with flexibility for farming, multi-home living, or long-term investment. Call a REALTOR® who understands land to learn more and see what makes this tract stand out.

More Information MLS# 100491988

Contract Info

Delayed Marketing?: No Sub-Type: Agriculture List Price/Acre: 9010.81 Stipulation of Sale: Standard Status: Closed Marketing Start Date: 2025-03-03 Listing Price: 225000 Current Price: $202,500

Location Information

City Limits: No Marketing City: Wallace Secondary Subdivision: N/A Street #: 24ac Street Name: Bay Street Suffix: Road County: Pender State/Province: NC Zip Code: 28466 Subdivision: Not In Subdivision Geo Lat: 34.701996 Geo Lon: -78.069404

Remarks and Showing

Sign on Property: Yes Directions to Property: I40 to Exit 390 for Wallace - LEFT on Hwy 117 and go 1/2 mile and turn LEFT on NC-11 - Go straight for about 5 miles and turn LEFT on Bay Road - Property on both sides of the road

Property Exterior Info

Acres - Total: 24.97 Acres - Cleared: 13 Acres - Wooded: 11 Lot SqFt: 1087693 Deed Restriction: No Waterfront: No Total Road Frontage: 460 Waterview: No Location Type: Mainland Horses Y/N: Yes

Legal and Taxes

Tax Assessed Value: 68483 Deed Book: 311 Deed Page: 2263 Legal: 24.97 ACRES SR 1301, BOTH SIDE Broker Owner: No PID: 2374-98-3029-0000 Tax Identifier: 2374-98-3029-0000 Plat Book: 0 Plat Page: 0 Special Assessments: none Deferred Taxes: No Tax Year: 2023 Zoning: Rural Ag HOA: No Cobra Zone: No Elementary School: Penderlea (K-8) High School: Pender High

Current Use

Agricultural: 1

Bldgs on Property

None: 1

Soil Evaluation

Soil Evaluation - Yes: 1

Topography

See Remarks: 1

Terms

1031 Exchange: 1 Cash: 1 Conventional: 1 Farm Credit: 1 Will Not Divide: 1 See Remarks: 1

Fuel Tank

None: 1

Environmental Hazard

No: 1

Lot Description

Farm: 1 Rural: 1 See Remarks: 1

Road Type/Frontage

Maintained: 1 Paved: 1 Public (City/Cty/St): 1

Utilities

Electricity Available: 1

Sewer

Septic Permit On File: 1

Water Source

Well: 1

Status Change Info

Under Contract Date: 2025-10-28 Sold Price: $202,500 Sold Date: 2025-12-03

Property Features

Current Use: Agricultural Bldgs on Property: None Soil Evaluation: Soil Evaluation - Yes Topography: See Remarks Fuel Tank: None Environmental Hazard: No Lot Description: Farm; Rural; See Remarks Utilities: Electricity Available Sewer: Septic Permit On File Water Source: Well Terms: 1031 Exchange; Cash; Conventional; Farm Credit; Will Not Divide; See Remarks
Listing Office: Coldwell Banker Sea Coast Advantage
IDX
Last Updated: December - 03 - 2025
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