NOT LISTED FOR SALE

1505 Marsh Cove Wilmington, NC 28409

Intracoastal Waterway Neighborhood

Estimated Value: $2,508,506

0.26 Acre
$9,648,100 Price per Acre
11,326 Sq Ft Lot

Last Sold November 10, 2023

Last sale price $510,000

Est. 392% increase in value since last sale

Current estimated payment $14,044/month

24 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 52 Feet of Waterfront
  • Wooded Lot
  • Heyward C. Bellamy Elementary School Rated A-
  • Ocean View
  • Property fronts a marsh

About This Lot

As of November 2023

Located on the waterfront across from Masonboro Island, a pristine nature preserve/barrier island with wide sandy beaches, this spacious lot offers the potential to build a dream home with commanding water views. Set in a quiet area with large single family homes, in close proximity to many options for shopping and dining, the lot offers the potential to build a private dock that is similar to in size to the surrounding residences. Doing so would make Masonboro and its many opportunities for fishing and outdoor recreation a short boat ride away. The many waterfront restaurants along nearby Wrightsville Beach would also be easily accessible from the property, which has approximately 11,326 square feet of space and mature local trees. A trophy home with grand-scale interior/exterior spaces could be possible here, and a current survey of the land/riparian corridor is already available. With a secluded, peaceful setting and deeded water rights, plus the chance to personally select the interior finishes, materials and floor plan, this is a rare opportunity to secure the waterfront lot of your dreams.

Last Agent to Sell the Property

Shanon Ives

Coldwell Banker Sea Coast Advantage License #291500 Listed on: 06/24/2023

Coldwell Banker Sea Coast Advantage

Last Buyer's Agent

Tyler Broughton

Prosper Real Estate License #301320

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,299

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 202x52x202x62
  • Property fronts a marsh
  • 52 Feet of Waterfront
  • Home fronts a sound
  • Property fronts a private road
  • Wooded Lot
  • Property is zoned R-15

Property Views

  • Ocean
  • Views of a Sound
  • Intracoastal

Schools

  • Bellamy Elementary School
  • Murray Middle School
  • Ashley High School

Utilities

  • Water Rights

Listing and Financial Details

  • Assessor Parcel Number R07908-003-013-000

Community Details

Overview

  • Federal Point Subdivision

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$2,299

Lot Details

0

Listing Details

  • Property Type: Land
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Road Frontage Type: ICW Front, Marsh Front, Sound Front
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Type Frontage: Private, Unpaved
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 62
  • Water Frontage: 52.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None

Association/Amenities

  • HOA and Neighborhood Amenities: No Amenities

Lot Info

  • Deed Page: 382.00
  • Lot Description: Deeded Water Rights, Wooded
  • Lot Dimensions: 202x52x202x62
  • Lot Sq Ft: 11326.00
  • Lot Water Features: Deeded Water Rights, Deeded Waterfront
  • Zoning: R-15
  • Acres: 0.26
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: No
  • List Price per Acre: 2115384.62
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Undeveloped
  • Lot View Type: ICW View, Ocean View, Sound View, Water View

Tax Info

  • Tax Identifier: R07908-003-013-000
  • Tax Year: 2022
  • Total Real Estate Property Taxes: 2298.85
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Bellamy
  • High School: Ashley
  • Middle School: Murray

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2025
Sold by
Storehouse Holdings Llc
Bought by
Schulz Christoph Reinhold
Current Estimated Value
$2,508,506

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$2,000,000
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 24, 2023
Closed on
Oct 18, 2023
Sold by
Orrell Carol and Griffin Diane
Bought by
Storehouse Holdings Llc
Seller's Agent
Shanon Ives
Coldwell Banker Sea Coast Advantage
Buyer's Agent
Tyler Broughton
Prosper Real Estate
List Price
$550,000
Sold Price
$510,000
Premium/Discount to List
-$40,000
-7.27%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,453,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 1962
Sold by
Warren William H Linn Styne
Bought by
Orrell J D Jr Pauline
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schulz Christoph Reinhold $2,500,000 None Listed On Document
Storehouse Holdings Llc $510,000 None Listed On Document
Orrell J D Jr Pauline $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schulz Christoph Reinhold $2,000,000
Previous Owner Storehouse Holdings Llc $30,000
Previous Owner Storehouse Holdings Llc $1,834,000
Previous Owner Storehouse Holdings Llc $1,453,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/10/2023 11/10/23 Sold $510,000 -7.3% --
07/18/2023 07/18/23 Pending -- -- --
06/24/2023 06/24/23 For Sale $550,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,277 $435,800 $435,800 $0
2023 $2,277 $435,800 $435,800 $0
2022 $2,299 $435,800 $435,800 $0
2021 $2,386 $435,800 $435,800 $0
2020 $2,801 $442,800 $442,800 $0
2019 $2,801 $442,800 $442,800 $0
2018 $2,801 $442,800 $442,800 $0
2017 $2,867 $442,800 $442,800 $0
2016 $3,069 $442,800 $442,800 $0
2015 $2,852 $442,800 $442,800 $0
2014 $2,803 $442,800 $442,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Shanon Ives

    Seller's Agent in 2023

    Shanon Ives

    Coldwell Banker Sea Coast Advantage

    (910) 650-3848

    1 in this area

    22 Total Sales

    Section Image

  • T

    Buyer's Agent in 2023

    Tyler Broughton

    Prosper Real Estate

    (910) 352-7957

    4 in this area

    88 Total Sales

    Section Image
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Map

Source: Hive MLS

MLS Number: 100391388

Hive MLS

APN: R07908-003-013-000

North Carolina New Hanover County Wilmington 28409 Intracoastal Waterway

1505 Marsh Cove, Wilmington, NC

This home is located at 1505 Marsh Cove, Wilmington, NC 28409 since 24 June 2023 and is currently estimated at $2,508,506. 1505 Marsh Cove is a home located in New Hanover County with nearby schools including Heyward C. Bellamy Elementary School, Charles P. Murray Middle School, and Eugene Ashley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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