43.8 Elizabeth Avenue, New Bern, NC 28562
$2,500,000




Property Type:
Land
Lot Size (sq. ft.):
1,907,928
Status:
Active
Current Price:
$2,500,000
List Date:
8/06/2025
Last Modified:
8/06/2025
Description
Welcome to Millstone Crossing, a 43.8-acre subdivision located within New Bern City Limits. Recently rezoned R6 with 146 approved building lots. This sale is for lots 6 to 146 and the common area associated with them. Please view ''Derby Park Phase Eight Concept Map A'' and ''Millstone Crossing General Plan'' for specifics. Current property access is at the end of both Elizabeth Avenue and Saratoga Lane. The subdivision was known as Derby Park Phase Eight and has been renamed Millstone Crossing. The subdivision has been approved and is ready to go on record. This project is ready to start the permitting process. Public water and sewer are available: fees for these services will be assessed and paid during the permitting process. The approved subdivision has 146 lots; this sale does not include lots 1 to 5 and the common area associated with them (different owner). Please request copies of the survey, concept plan, general plan, zoning approval and other relevant documents from the listing broker. The property is currently not part of an HOA. The advertised tax value was applied to the land prior to being rezoned. Tax value will change significantly when the subdivision is recorded. The owner is a NC Licensed Real Estate Broker.
More Information MLS# 100523558
Contract Info
Status: Active
Delayed Marketing?: No
Marketing Start Date: 2025-08-06
Sub-Type: Residential Land
Listing Price: 2500000
Current Price: $2,500,000
List Price/Acre: 57077.63
Stipulation of Sale: Standard
Location Information
Street #: 43.8
Modifier #: Acres
Street Name: Elizabeth
Street Suffix: Avenue
County: Craven
State/Province: NC
Zip Code: 28562
City Limits: Yes
Marketing City: New Bern
Subdivision: Derby Park
Secondary Subdivision: N/A
Geo Lat: 35.131377
Geo Lon: -77.111458
Remarks and Showing
Directions to Property: Property starts where Elizabeth Ave ends. Athens Acres is to the left. This sale is for the undeveloped property to the right.
Sign on Property: Yes
Property Exterior Info
Acres - Total: 43.8
Lot Dimensions: irregular
Lot SqFt: 1907928
Deed Restriction: No
Total Road Frontage: 182
Waterfront: No
Waterview: No
Location Type: Mainland
Legal and Taxes
Tax Assessed Value: 15160
Deed Book: 3346
Deed Page: 452
Legal: Tract B Derby Park Remaining Area | Derby Park Phase Eight
Broker Owner: Yes
PID: 8-240 -063
Tax Identifier: 8-240 -063
Plat Book: I
Plat Page: 58-D
Total Real Estate Property Taxes: 127
Special Assessments: none
Deferred Taxes: No
Tax Year: 2025
Zoning: R6
HOA: No
Cobra Zone: No
Elementary School: Trent Park
Middle School: H. J. MacDonald
High School: New Bern
Property Features
Current Use: Development; Residential
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Topography: Undeveloped
Fencing: None
Fuel Tank: None
Environmental Hazard: Unknown
Lot Description: Development; Subdivision
Utilities: Sewer Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Lot Water Features: None
HOA and Neigh Amenities: No Amenities
Terms: 1031 Exchange; Cash; Will Not Divide
Listing Office: NorthGroup
Last Updated: August - 06 - 2025
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