$2,751,600 SALE
Vacant Land (10+ Acres)
92 AC
5408 Woodhaven Dr
Castle Hayne, NC 28429 Residential/Mixed Use Development Land NHC

MAJOR PRICE DROP! MAKE AN OFFER! MOTIVATED SELLER! Stunning 91-acre land aggregation in New Hanover County with 16-acre +/- lake. Opportunity to add another 20+/- acres with 1000' road frontage - see agent for details. 75%+ uplands (other than lake). Access to property off Dairy Farm, Blue Clay and Woodhaven Dr. Ideal for single family, townhome, multifamily, mixed use. Currently zoned R-15, property can accommodate approximately 220 lots. NHC has been open to substantially higher density/mixed use options. Asking $30,000/acre which equates to approx $12,000 per undeveloped lot using existing zoning. Supports single family homes from high $100K-low/mid $200K sale prices, potentially higher prices for homes with lake view. Water is at the site. Sewer will require the following: pump station (to be taken over by CFPUA for maintenance), force main sized for the development (approx 2500' down Dairy Farm), to connect to a required public 12" force main (approx 3700', cost participation available from CFPUA). Connection is at intersection of Sidbury & N College. Total of 5 contiguous parcels, with potential to add one additional 20+/- acre parcel at the same price/acre. This additional parcel would provide 1000' +/- frontage on Dairy Farm/Blue Clay Rd under separate listing. This acreage would likely add 50+/- additional home sites under current zoning. Easy access to Blue Clay, N College, Sidbury, I-40, I-140, and future Hampstead Bypass.

Property Type Vacant Land (10+ Acres)
Zoning R-15
Listing ID EQE8Z4
MLS ID 30517697
Style Not Applicable
Lot Size 91.72 AC
Property Features
Water: Municipal Water
Area Demographics