$1,100,000 5301 Peden Point Road, Wilmington, NC 28409

Incredible Opportunity to purchase beautifully remodeled one-story brick ranch on 3 1/2 -acre lot 5301 & 5231 Peden Point. The Property is located on a quiet street w/ a short walk to the intra coast waterway. No HOA. Beautiful remodeled one-story brick ranch, 3 bedrooms & 2 bathrooms with large bonus room includes open floor plan, LVP living room & floating floor in bedrooms & hallway, stainless steel appliances, updated bathrooms, windows, new hot water heater, new concrete driveway and more, It also includes fenced in backyard, screen porch, spacious deck for entertaining plus an additional large second fenced in area that could be used for gardening, more. Park your car in the carport or garage. Garage includes lift crane & room for workspace. Home includes recent updated wiring, ductwork and roof. The home is currently leased through 3/30/2025 which will provide immediate income coming in for the property. The sale includes two parcels. The home is located on 1/2 acre parcel, and the second parcels is 3 acres.2nc parcel - is zoned R15 and ready to build. 3 acres offers room to build your dream estate or according to the New Hanover County there is a potential to develop the property into 8 + homesites. The beautiful, landscaped includes live oak trees and cedar & holly trees that line the property to create a natural privacy barrier. Enjoy sitting out under the Live Oak where you can feel & hear the ocean breeze. Property Features includes a newly constructed 1200 square foot storage building (24 x 50) with underground power offers versatility as a garage, workshop or easily converted to store a boat or RV by modifying the garage door or a barn for your Horse to keep them close to home. Enjoy the recently built luxury chicken house/coup. Property includes newly installed underground power lines, positioning the property for future development. Ask about Home site Plan to build 4000 sqft home.