NOT LISTED FOR SALE

Estimated Value: $880,000 - $3,294,407

1.17 Acres
$1,689,574 Price per Acre
50,965 Sq Ft Lot

Last Sold February 15, 2022

Last sale price $555,000

Est. 256% increase in value since last sale

Current estimated payment $11,673/month

189 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • 125 Feet of Waterfront
  • Wooded Lot
  • Masonboro Elementary School Rated A
  • 1.17 Acre Lot
  • No HOA

About This Lot

As of February 2022

Beautiful waterfront property located in the picturesque Masonboro Sound Road area. This 1.17 acre tract offers 125 feet of stunning views of the intracoastal waterway and Masonboro Island. The high elevated, sloping parcel is zoned R-15, over 400 feet in length, and perfectly suited for a private estate or potentially two houses. (REQUEST SURVEY w/potential footprints) The lot has been cleared while majestic Live Oaks, blooming Crepe Myrtle's, Magnolias and Bradford pear trees create a privacy screen along the boundary lines. There are no HOA dues, water/sewer are available at the street and a private pier can be yours once application and a permit is obtained. This location is conveniently located a half mile from two favorite neighborhood restaurants, within a 20-minute car ride to the ILM Airport, 15 minutes south of Wrightsville Beach and 15 minutes north of Carolina Beach.

Last Agent to Sell the Property

Denise Dakoulis

Sky's the Limit Realty License #151860 Listed on: 03/31/2021

Last Buyer's Agent

Erica Mearns

Intracoastal Realty Corp License #212190

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,309

Lot Details

  • 1.17 Acre Lot
  • Lot Dimensions are 125x409x125x391
  • Property fronts a marsh
  • 125 Feet of Waterfront
  • Sloped Lot
  • Cleared Lot
  • Wooded Lot
  • Marsh on Lot
  • Property is zoned R-15

Schools

  • Masonboro Elementary School
  • Roland Grise Middle School
  • New Hanover High School

Additional Features

  • Water Views
  • Water Rights

Listing and Financial Details

  • Tax Lot Lot # 5, 6, 17 & 18
  • Assessor Parcel Number R07206-007-007-000

Community Details

Overview

  • No Home Owners Association
  • Seabreeze Park Subdivision

Recreation

  • Deeded Waterfront Access Rights

Property Details

Property Type

Land

Est. Annual Taxes

$14,309

Lot Details

0

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Unpaved
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 125
  • Water Frontage: 125.00

Utilities

  • Fuel Tank: None
  • Utilities: Municipal Sewer Available, Municipal Water Available

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: No Amenities

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 1169
  • Deed Page: 16.00
  • Lot Description: Deeded Water Rights, See Remarks
  • Lot Dimensions: 125x409x125x391
  • Lot Number: Lot # 5, 6, 17 & 18
  • Lot Sq Ft: 50965.00
  • Lot Water Features: Deeded Water Access, Deeded Water Rights, Deeded Waterfront, Marsh Front
  • Plat Book: 69
  • Plat Page: 111
  • Zoning: R-15
  • Acres: 1.17
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 512735.04
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared/Partial, Marsh/Wetland, See Remarks, Sloped, Wooded
  • Lot Number2: Lot # 5, 6, 17 & 18

Tax Info

  • Tax Identifier: R07206-007-007-000
  • Tax Year: 2020

MLS Schools

  • Elementary School: Masonboro
  • High School: New Hanover
  • Middle School: Roland Grise
  • School District: New Hanover

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2022 02/15/22 Sold $555,000 -7.5% --
10/06/2021 10/06/21 Pending -- -- --
08/30/2021 08/30/21 Price Changed $599,900 -7.7% --
08/02/2021 08/02/21 For Sale $649,900 +17.1% --
07/31/2021 07/31/21 Off Market $555,000 -- --
05/20/2021 05/20/21 For Sale $649,900 0.0% --
05/07/2021 05/07/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $649,900 -- --
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
2025 $14,309 $1,742,000 $561,200 $1,180,800
2023 $14,309 $909,900 $909,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hive MLS

MLS Number: 100264148

Hive MLS

APN: R07206-007-008-000