North Carolina
Wilmington
5500 Peden Point Road

$2,100,000

5500 Peden Point Road, Wilmington, NC 28409

Land
Built in ——
1.74acre lot
—— car garage
$——/sqft
Listed 5 months ago

Property Description

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

Listing Status:: Active
Date Added:: January 31, 2025 at 06:00AM
Listing Office:: RE/MAX at the Beach / Oak Island : 910-278-1950
MLS ID:: 100486145

General: Manufactured Home
Other Structures: Manufactured Home

This listing courtesy of RE/MAX at the Beach / Oak Island

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Heyward C Bellamy Elementary School

70 Sanders Rd, Wilmington, NC, 28412

Grades KG-5

2.32 miles away

Myrtle Grove Middle School

901 Piner Rd, Wilmington, NC, 28409

Grades 6-8

1.04 miles away

Eugene Ashley High School

555 Halyburton Memorial Pkwy, Wilmington, NC, 28412

Grades 9-12

3.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.