Tract 1-11 Carolina Beach Road $21,500,000

27+ acres of prime waterfront property in a great location on the ICW. Property is priced below appraised value based on recent appraisal. This is an excellent development opportunity! Proposed development includes 69 single family homesites. Seller has submitted proposed project for TRC approval and has preliminary approval from NC DOT for subdivision entrance. Property includes an existing boat ramp and ample space for community boat slips pending approval. Beautiful views across the ICW to Masonboro Island. Seller willing to entertain JV partnership to proceed with existing plan. Please call listing agent for additional details and showing requests.