NOT LISTED FOR SALE

502 Biscayne Dr Wilmington, NC 28411

Estimated Value: $661,000 - $839,970

0.69 Acre
$1,115,932 Price per Acre
30,056 Sq Ft Lot

Last Sold April 05, 2022

Last sale price $135,000

Est. 470% increase in value since last sale

Current estimated payment $4,172/month

963 Days on Market

Highlights

  • 40 Feet of Waterfront
  • Wooded Lot
  • No HOA
  • Ogden Elementary School Rated A-
  • Corner Lot
  • Accessible Ramps

About This Lot

As of April 2022

Prime corner lot with a pond view location in Bayshore Subdivision. Lot is located on the corner of Private Road - Bay Cove Lane and Public Road - Biscayne Drive. View and own a portion of the pond that also has fish in it. Future home can face Bay Cove Lane or Biscayne Drive. Minimum SF to build is 1,850. Private Boat Ramp is just 2 blocks away to launch your kayak, Jon boat, or any other kind of shallow boat. The lot has beautiful mature trees, so pick the ones that you would like to keep whenever you decide to build. If you build high enough, you can obtain peak views of the surrounding creeks. Sewer Tap Fee Assessment to be paid by seller at closing. Buyer to install Well for water after closing. Easy access to power poles on just about every corner of the property. The neighborhood is over 90% developed. Street address can be changed to Bay Cove Lane if desired. No known flooding history. Property is just a short drive (5 to 15 minutes) to local marinas, county parks, Figure Eight Island (private), and Wrightsville Beach. Bring your own custom builder, or contact J E Evans Construction (Since 1963) to get an estimate for your desired custom home. All plans must be approved by Bayshore Estates Inc., please contact Alexander Koonce. Setbacks in photo are for house facing Biscayne Drive. All plans must be approved by Bayshore Estates Inc.

Last Agent to Sell the Property

Michelle Carpenter

Sea Gate Realty, Inc. License #176715 Listed on: 06/18/2019

Last Buyer's Agent

Jason Colclough

Wicker Properties of the Carolinas, Inc. License #302348

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $919

Lot Details

  • 0.69 Acre Lot
  • Lot Dimensions are 100 x 302.66
  • 40 Feet of Waterfront
  • Property fronts a private road
  • Corner Lot
  • Wooded Lot
  • Property is zoned R-15

Schools

  • Ogden Elementary School
  • Holly Shelter Middle School
  • Laney High School

Additional Features

  • Water Views
  • Accessible Ramps
  • Suburban Location
  • Well

Listing and Financial Details

  • Assessor Parcel Number R03620-004-019-005

Community Details

Overview

  • No Home Owners Association
  • Bayshore Estates Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Water Access

Property Details

Property Type

Land

Est. Annual Taxes

$919

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: Maintained, Paved, Private, Public (City/Cty/St)
  • Waterfront: Yes
  • Waterview: Yes
  • Total Road Frontage: 100
  • Water Frontage: 40.00

Utilities

  • Federal Flood Ins Avlbl: Yes
  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Private Well
  • Utilities: County Sewer, Sewer Tap Paid, Well Water

Association/Amenities

  • HOA: No
  • HOA and Neighborhood Amenities: Ramp, See Remarks

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 9907
  • Deed Page: 2499.00
  • Lot Description: Corner Lot, Subdivision, Suburban, Wooded
  • Lot Dimensions: 100 x 302.66
  • Lot Sq Ft: 30266.00
  • Lot Water Features: Water Access Comm
  • Special Assessments: $1,930.00 = Sewer Tap Fee
  • Zoning: R-15
  • Acres: 0.69
  • Wooded Acres: 100.00
  • Current Use: Residential
  • Deed Restriction: Yes
  • Environmental Hazard: No, Unknown
  • List Price per Acre: 195652.17
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Undeveloped, Wooded

Tax Info

  • Tax Identifier: R03620-004-019-005
  • Tax Year: 2021
  • Total Real Estate Property Taxes: 919.03
  • Deferred Taxes: No

MLS Schools

  • Elementary School: Ogden
  • Elementary School #2: Eaton
  • High School: Laney
  • High School2: Other
  • Middle School: Holly Shelter
  • Middle School2: Other
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Mar 24, 2022
Sold by
Oneal Depland Anne
Bought by
Stone John Travis and Stone Sarah F
Seller's Agent
Michelle Carpenter
Sea Gate Realty, Inc.
Buyer's Agent
Jason Colclough
Wicker Properties of the Carolinas, Inc.
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%
Current Estimated Value
$769,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$634,993
Avg. Annual Appreciation
63.76%
Original Mortgage
$634,850
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 18, 2019
Closed on
Mar 10, 2022
Sold by
Gregg Oneal Iii Thomas
Bought by
Oneal Glenda Ijames
Seller's Agent
Michelle Carpenter
Sea Gate Realty, Inc.
Buyer's Agent
Jason Colclough
Wicker Properties of the Carolinas, Inc.
List Price
$150,000
Sold Price
$135,000
Premium/Discount to List
-$15,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$634,850
Interest Rate
5%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 24, 1999
Sold by
Oneal Ethel G
Bought by
Depland Anne Oneal

Purchase Details

Closed on
Jul 26, 1977
Sold by
Bayshore Estates Inc
Bought by
Oneal Ethel G
Source: Public Records

Range of Values:

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Average Value
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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
Stone John Travis $135,000 Siegel & Rhodenhiser Pllc
Oneal Glenda Ijames -- None Listed On Document
Depland Anne Oneal -- --
Oneal Ethel G Hrs -- --
Oneal Ethel G $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Stone John Travis $634,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $135,000 0.0% --
02/05/2022 02/05/22 Pending -- -- --
09/08/2021 09/08/21 Price Changed $135,000 -10.0% --
09/03/2021 09/03/21 For Sale $150,000 +11.1% --
08/12/2021 08/12/21 Off Market $135,000 -- --
06/18/2019 06/18/19 For Sale $250,000 -- --
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
2025 -- $606,200 $137,200 $469,000
2023 $1,082 $401,200 $98,000 $303,200
2022 $517 $98,000 $98,000 $0
2021 $537 $98,000 $98,000 $0
2020 $919 $145,300 $145,300 $0
2019 $919 $145,300 $145,300 $0
2018 $919 $145,300 $145,300 $0
2017 $941 $145,300 $145,300 $0
2016 $783 $113,000 $113,000 $0
2015 $728 $113,000 $113,000 $0
2014 $715 $113,000 $113,000 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Michelle Carpenter

    Sea Gate Realty, Inc.

    (910) 540-7744

    1 in this area

    7 Total Sales

    Michelle Carpenter
    Section Image
  • Jason Colclough

    Buyer's Agent in 2022

    Jason Colclough

    Wicker Properties of the Carolinas, Inc.

    (910) 686-5588

    2 in this area

    51 Total Sales

    Jason Colclough
    Section Image
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Map

Source: Hive MLS

MLS Number: 100171485

Hive MLS

APN: R03620-004-019-005

North Carolina New Hanover County Wilmington 28411

502 Biscayne Dr, Wilmington, NC

This home is located at 502 Biscayne Dr, Wilmington, NC 28411 since 18 June 2019 and is currently estimated at $769,993. 502 Biscayne Dr is a home located in New Hanover County with nearby schools including Ogden Elementary School, Holly Shelter Middle School, and Emsley A. Laney 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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