500 Arendell St Morehead City, NC 28557
Estimated payment $8,023/month
Total Views
17,494
3
Beds
3.5
Baths
5,540
Sq Ft
$262
Price per Sq Ft
Highlights
- Views of a Sound
- Deck
- Corner Lot
- Morehead City Primary School Rated A-
- Wood Flooring
- 3-minute walk to Kathryn Davis Park
About This Home
Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,463
Year Built
- Built in 1920
Lot Details
- 3,485 Sq Ft Lot
- Corner Lot
- Property is zoned Commercial
Property Views
- Views of a Sound
- Intracoastal Views
Home Design
- Flat Roof Shape
- Brick or Stone Mason
- Slab Foundation
- Steel Frame
- Membrane Roofing
- Concrete Siding
- Stick Built Home
- Stucco
Interior Spaces
- 5,540 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Combination Dining and Living Room
- Dishwasher
Flooring
- Wood
- Concrete
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-in Shower
Parking
- 2 Car Attached Garage
- Side Facing Garage
- Off-Street Parking
Outdoor Features
- Deck
Schools
- Morehead City Primary Elementary School
- Morehead City Middle School
- West Carteret High School
Utilities
- Forced Air Heating System
- Heat Pump System
- Electric Water Heater
- Fuel Tank
- Municipal Trash
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 638620814325000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $19 | $328,786 | $95,920 | $232,866 |
| 2023 | $1,295 | $201,088 | $95,920 | $105,168 |
| 2022 | $679 | $201,088 | $95,920 | $105,168 |
| 2021 | $679 | $201,088 | $95,920 | $105,168 |
| 2020 | $679 | $201,088 | $95,920 | $105,168 |
| 2019 | $616 | $194,003 | $104,676 | $89,327 |
| 2017 | $616 | $194,003 | $104,676 | $89,327 |
| 2016 | $616 | $194,003 | $104,676 | $89,327 |
| 2015 | $597 | $194,003 | $104,676 | $89,327 |
| 2014 | $494 | $159,554 | $85,936 | $73,618 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | Price Changed | $1,450,000 | -10.8% | $262 / Sq Ft |
| 04/15/2025 04/15/25 | Price Changed | $1,625,000 | -7.1% | $293 / Sq Ft |
| 01/31/2025 01/31/25 | For Sale | $1,750,000 | -- | $316 / Sq Ft |
Source: Hive MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $137,500 | -- |
Source: Public Records
Similar Homes in Morehead City, NC
Source: Hive MLS
MLS Number: 100486161
APN: 6386.20.81.4325000
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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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