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Additional Information
- Lot Description
- No Amenities
- Elementary School
- Union
- Middle School
- Shallotte
- High School
- West Brunswick
Market Trends for
Ocean Isle Beach
- Last Updated: 5/3/24
- Market Snapshot
- Total Properties listed: 40
- Average list Price: $592,809.90
- Median list Price: $454,900.00
- Typical Property
- Land
- 0.00 Square Feet
- $0.00 / Sq. Ft.
$1,300,000.00 0 Ocean Highway West
- MLS#:100416164
- Address: 0 Ocean Highway West
- City / Zip:Ocean Isle Beach, NC 28469
- Area:Ocean Isle Beach
- County:Brunswick
- Neighborhood:Not In Subdivision
- Acres:45.20
- Date Listed:11/25/2023
- Property Type: Land
- To inquiry about this property, contact Sunset Properties at (866) 320-1344 or use the form below.
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- This listing is provided courtesy by Berkshire Hathaway HomeServices Carolina Premier Properties.
Listings provided courtesy of Brunswick County MLS.
Information Deemed Reliable But Not Guaranteed
Copyright © 2024 Brunswick County MLS - All Rights Reserved
Agent's Comments
Approximately 45.2 acres zoned C-LD/R7500 with over 350 feet of road frontage on Hwy 17 (Ocean Highway) in unincorporated Brunswick County. Proximity to fast growing Shallotte is ideal for combination of residential and/or commercial development. Based on market demographics and recent transactions in the immediate area, a built-for-rental community (BFR/SFR) may be highest and best use. Utilities are at the highway - buyer will need to consult with Brunswick County Utilities to confirm accessibility/capacity for their project. Pricing is based on density assuming existing zoning. C-LD allows for 7.3 single family/townhouse residential units/acre (with water/sewer) and 14 units/acre for multifamily. Offering includes 3.12 acres zoned C-LD. R7500 allows for 2.9 units/acre without water/sewer and 5.8 units/acre with water/sewer. Offering includes 42.08 acres zoned R7500. Link to Brunswick County UDO is part of this listing. Based on the acreage being offered, this would amount to a maximum of 287 units on 45.2 acres or $4,529/developed unit/lot with water/sewer. If buyer chooses to put multifamily in the C-LD portion, it could support 43 units on the 3.12 acres with highway frontage (approximately $7,650/door), while the R7500 section can provide 244 single family/townhouse units. Most new construction single family and townhomes in the area are selling for $280,000 to $350,000. Rental rates for similar products ranges from $1,350 - $2,600/month.