$154,000
$160,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
0.45 Acres Lot
SOLD DATE : 03/20/2024
Key Details
Sold Price $154,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100423857
Sold Date 03/20/24
HOA Y/N No
Originating Board North Carolina Regional MLS
Annual Tax Amount $609
Lot Size 0.454 Acres
Acres 0.45
Property Description
Located in close proximity to the Intracoastal Waterway, and a short drive away from local schools, beaches, shops and restaurants, this spacious lot offers the
chance to build a bespoke coastal dream home. Set on an elevated lot on the water side of Masonboro Loop Road, the property is adjacent to a large, well-maintained home that is also currently for sale. Purchasing both properties could allow the buyer to live in the existing home while supervising the building of the new residence and then rent the older property. Build a guest house or a new rental, or just create an expansive retreat with easy access to the pristine nature
preserve at Masonboro Island—the options are only limited by the imagination. Combining the two properties could allow the buyer to create a large home with an approximately 0.86-acre lot. If building a new home is desired, it would need county sewer and a well tap. Search 110 Tanglewood to view the available existing home. With a peaceful setting nearby the Trails End boat launch and the recreational/fishing opportunities that have made North Carolina one of the fastest growing markets nationwide, this is a great opportunity. Adding to the sense of urgency is the idea the market could heat up quickly if interest rates should fall, and the properties have a strategic location in between Carolina Beach and Wilmington.
Location
State NC
County New Hanover
Community Not In Subdivision
Zoning R-15
Direction South College Road to Holly Tree Road to Masonboro Loop Road to Tanglewood Drive
Location Details Mainland
Rooms
Other Rooms Shed
Exterior
Waterfront No
Schools
Elementary Schools Parsley
Middle Schools Myrtle Grove
High Schools Hoggard
Others
Tax ID R07213-010-028-000
Special Listing Condition None
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