Tract 1-11 Carolina Beach Road, Wilmington, NC 28412
$21,500,000
Property Type:
Land
Lot Size (sq. ft.):
1,176,120
Status:
Active
Current Price:
$21,500,000
List Date:
10/26/2023
Last Modified:
12/04/2023
Description
27+ acres of prime waterfront property in a great location on the ICW. Property is priced below appraised value based on recent appraisal. This is an excellent development opportunity! Proposed development includes 69 single family homesites. Seller has submitted proposed project for TRC approval and has preliminary approval from NC DOT for subdivision entrance. Property includes an existing boat ramp and ample space for community boat slips pending approval. Beautiful views across the ICW to Masonboro Island. Seller willing to entertain JV partnership to proceed with existing plan. Please call listing agent for additional details and showing requests.
More Information MLS# 100411695
Contract Info
Status: Active
Effective Date: 2023-10-26
Delayed Marketing?: No
Delayed Marketing Date (DM): 2023-10-26
Sub-Type: Undeveloped
Listing Price: 21500000
Current Price: $21,500,000
List Price/Acre: 796296.3
Sub Agent Comm $/%: %
Buyer Agent Comm: 2
Buyer Agent Comm $/%: %
Variable Comm: No
Stipulation of Sale: None
Location Information
Street #: Tract 1-11
Street Name: Carolina Beach
Street Suffix: Road
County: New Hanover
State/Province: NC
Zip Code: 28412
City Limits: No
Marketing City: Wilmington
Subdivision: Not In Subdivision
Secondary Subdivision: N/A
Geo Lat: 34.081649
Geo Lon: -77.891255
Remarks and Showing
Directions to Property: From S College Rd., Head South through Monkey Junction. Stay on Carolina Beach Rd. past Myrtle Grove Road. Make a U-turn just past Salient Pt. on left. After u-turn, go north back up Carolina Beach Rd. and and the property will be on the right after passing Salient Pt.
Sign on Property: No
Property Exterior Info
Acres - Total: 27
Lot SqFt: 1176120
Deed Restriction: No
Total Road Frontage: 296
Waterfront: Yes
Water Frontage: 430
Waterview: Yes
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 400900
Deed Book: 6403
Deed Page: 2712
Legal: See Addendum A
Broker Owner: No
Tax Identifier: R08200-005-048-000
Total Real Estate Property Taxes: 2094.7
Special Assessments: None
Tax Year: 2023
Zoning: R-15
Cobra Zone: No
Elementary School: Anderson
Middle School: Murray
High School: Ashley
Property Features
Current Use: Single Family
Bldgs on Property: Main House
Soil Evaluation: Soil Evaluation - No
Frontage Type: ICW Front
Topography: Undeveloped; Wooded
View Type: ICW View; Ocean View; Water View
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Wooded
Road Type/Frontage: Paved; Public (City/Cty/St)
Utilities: Septic On Site; Well Water
Lot Water Features: Boat Ramp
HOA and Neigh Amenities: See Remarks
Listing Office: Destination Realty Corporation, LLC
Last Updated: December - 04 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2024 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.