3925 Carolina Beach Road Wilmington, NC ^$ 1,850,000

3925 Carolina Beach Road

^$ 1,850,000

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3925 Carolina Beach Road

Wilmington, NC, 28412

^$ 1,850,000

Studio Baths0.0

Monthly Estimate*

^$ 12,923

3925 Carolina Beach Road, Wilmington, NC 28412 - Image 1

Studio

Lots and Land for sale in Wilmington, NC

for $1,850,000. The lot size is 2.23.

3925 Carolina Beach Rd presents a unique and rare opportunity for a developer to create a multi-family Planned Unit Development in the rapidly developing Carolina Beach RD corridor. Located just south of the Independence BLVD intersection, this 2.23 acre parcel holds the opportunity for 37 residential units with rezoning to MD-17. Density may be increased to 80 units if at least 10 percent of the total number of residential units are designated as workforce housing.The property borders Breezewood Condominiums (zoned MD-17) and adjacent to 3913 Carolina Beach Rd, a 225 unit residential development currently rezoning from R-15 to MD-17. Owner will authorize conditional rezoning application during an examination period. The property currently operates as a mobile home park. Please do not disturb the tenants.

Lots and Land Active

Price

^$ 1,850,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 2,620

Style

Residential Land

Lot Size

2.23

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100435096

Features

Exterior

Lot Description Development

Waterfront No

Soil Evaluation Soil Evaluation - No

Acres 2.23

Buildings on Property Manufactured Home

Road Type/Frontage Public (City/Cty/St)

General

Utilities Municipal Sewer Municipal Water

Possession At Closing

current use Mobile Home Park

Zoning R-15

Subdivision Not In Subdivision

Topography Cleared Wooded

County New Hanover

Stipulation of Sale None

Property Type B

HOA No

Terms 1031 Exchange Cash

Tax Year 2023

Lot Sqft 97139.00

Days on Market 32

City Limits Yes

Sub-Type Residential Land

Waterview No

City Wilmington

Middle School Myrtle Grove

Street Name Carolina Beach

High School Ashley

HOA and Neigh Amenities No Amenities

Elementary School Williams

Location Type Mainland

Interior

Street Suffix Road

* Excluded Features

List By

John C Horton

Listing Agent

Coastal Properties

Broker

jhorton@wilmington1.com

Affordability Calculator

$13,141

Per Month

Monthly Principal & Interest: $12,923
Monthly Property Taxes: $218
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Wilmington, NC

Average List Price ^$877,351

Percent of Sale Price 53%

About Wilmington, NC

122,120 Population

35% Since 2002

^$47,464 Median Income

36.47 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3959967 Elementary School

3959987 Middle School

Ashley High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/26/2024	$1,850,000		Listed Price

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3925 Carolina Beach Road, Wilmington, NC, 28412 is a Lots and Land for sale at $1,850,000 with a lot size of 2.23. 3925 Carolina Beach Road is a studio with 0.0 baths. The property's zip code is 28412 which is in Wilmington, NC

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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3925 Carolina Beach Road

Lots and Land for sale in Wilmington, NC

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