$425,000
$425,000
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2 Beds
2 Baths
2,850 SqFt
SOLD DATE : 08/21/2026
Key Details
Sold Price $425,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,850 sqft
Price per Sqft $149
Subdivision Ocean Forest Lakes
MLS Listing ID 100588589
Sold Date 08/21/26
Style Wood Frame,Stick Built
Bedrooms 2
Full Baths 2
HOA Fees $39/ann
HOA Y/N Yes
Year Built 1986
Lot Size 0.597 Acres
Acres 0.59
Lot Dimensions irregular
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
Rare opportunity to restore and reimagine a unique waterfront property in Wilmington. Nestled along a peaceful lake, this approximately 2,800-square-foot home offers a setting that is increasingly difficult to find. The property also enjoys additional privacy and open space through ownership of approximately one-half of the adjoining lot, creating the feel of an oversized homesite with a beautiful natural backdrop.
The home features 2 bedrooms and 2 full baths, with an existing septic permit for 3 bedrooms. The generous floor plan provides multiple options for redesign, allowing a future owner to maximize both the living space and the property's value.
This is a true renovation project and is being offered with that in mind. Aside from the newer roof, the home is ready for a comprehensive update, presenting an outstanding opportunity for investors, renovators, or buyers looking to create their own custom waterfront retreat while building equity.
Whether you're searching for your next renovation project, an investment opportunity, or a property to transform into a one-of-a-kind residence, opportunities like this--with a peaceful lakefront setting, added privacy, generous square footage, and tremendous potential--rarely come along.
Location
State NC
County New Hanover
Community Ocean Forest Lakes
Zoning R-15
Direction Follow River Road and turn onto Watauga the main entrance to Ocean Forest Lakes. Follow Watauga to a left onto Okeechobee. Follow to house on right
Location Details Mainland
Rooms
Basement None
Primary Bedroom Level Primary Living Area
Interior
Interior Features Ceiling Fan(s)
Heating Heat Pump, Electric, None
Cooling Central Air, Heat Pump
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Concrete, Off Street, Garage
Garage Spaces 2.0
Utilities Available Cable Available
Waterfront Description None
View Lake, Water
Roof Type Architectural Shingle
Accessibility None
Porch Deck
Garage Yes
Building
Lot Description See Remarks
Entry Level One and One Half
Foundation Block
Water Well
Level or Stories 2
New Construction No
Schools
Elementary Schools Anderson
Middle Schools Murray
High Schools Ashley
Others
Tax ID R08112-004-011-000
Acceptable Financing Construction to Perm., Cash, Conventional
Listing Terms Construction to Perm., Cash, Conventional
Special Listing Condition Standard
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