7500 Masonboro Sound Road, Wilmington, NC 28409 (MLS# 100122366)

7500 Masonboro Sound Road, Wilmington, NC 28409

$6,600,000
Property Type: Land Lot Size (sq. ft.): 2,831,400 Status: Closed
Current Price: $6,600,000 List Date: 2/14/2019 Last Modified: 11/30/2020

Overview

Description

Undeveloped wooded tract of land approx 65 acres. Zoned R-15 w/490 ft of road footage on Masonboro Loop Rd and another 490 ft of road footage on Masonboro Sound Rd. This tract of land would be suitable for a single family coastal development w/an average lot size of 15,000 sqft. Approx 175+ homes sites (subject to all approvals by City of Wilmington).

Listing Details MLS# 100122366

Contract Info

Marketing Start Date
2018-06-22
Sub-Type
Residential Land
Auction
No
Listing Price
8999900
List Price/Acre
138460
Stipulation of Sale
Standard

Location Information

Street #
7500
Street Name
Masonboro Sound
Street Suffix
Road
County
New Hanover
State/Province
NC
Zip Code
28409
City Limits
Yes
Marketing City
Wilmington
Subdivision
Not In Subdivision
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
S. College to Pine Grove Road to Masonboro Loop Road. Property on your left.
Sign on Property
Yes

Property Exterior Info

Acres - Total
65
Lot Dimensions
716x3795x685x3935
Lot SqFt
2831400
Deed Restriction
No
Total Road Frontage
490
Waterfront
No
Waterview
No
Location Type
Mainland

Legal and Taxes

Tax Assessed Value
3163400
Deed Book
5846
Deed Page
2706
Legal
PT ANDERSON
Broker Owner
No
PID
314507.67.6696.000
Tax Identifier
R06700-005-007-000
Special Assessments
None
Tax Year
2018
Zoning
R-15
HOA
No
Cobra Zone
No
School District
New Hanover
Elementary School
Masonboro
Middle School
Roland Grise
High School
Hoggard
Plat Book
No
Plat Page
No

Status Change Info

Under Contract Date
2019-08-02
Sold Date
2020-11-25

More Information

Bldgs on Property

Main House
Yes

HOA and Neigh Amenities

No Amenities
Yes

Soil Evaluation

Soil Evaluation - No
Yes

Topography

Cleared/Partial
Yes
Rolling
Yes
Undeveloped
Yes
Wooded
Yes

Lot Water Features

None
Yes

Terms

Cash
Yes

Fuel Tank

None
Yes

Environmental Hazard

Unknown
Yes

Lot Description

Wooded
Yes
See Remarks
Yes

Road Type/Frontage

Maintained
Yes
Paved
Yes
Public (City/Cty/St)
Yes

Property Features

Bldgs on Property: Main House Soil Evaluation: Soil Evaluation - No Topography: Cleared/Partial; Rolling; Undeveloped; Wooded Fuel Tank: None Environmental Hazard: Unknown Lot Water Features: None HOA and Neigh Amenities: No Amenities Terms: Cash
Listing Office: Intracoastal Realty Corp
IDX
Last Updated: November - 30 - 2020
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