514 Cathay Rd, Wilmington, NC 28412

$270,500
3
BD
2
BA
1,408
SqFt

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Sold Price
$270,500
List Price
$265,000
Days on Market
3
Closing Date
May 26, 2026
MLS#
100569025
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Sq. Ft
1,408
Lot Size
13,242
Acres
0.30
Price Per Sqft
$192
Subtype
Single Family Residence
County
New Hanover
City
Wilmington
Zip
28412
Subdivision
Monterey Heights
Year Built
1977

Property Description

Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential. This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6 years old and an HVAC system replaced in 2019. Enjoy outdoor living with a screened-in patio, storage shed, and a well-maintained yard featuring mature azalea bushes. The property also includes two koi ponds (fish removed), offering a unique landscaping feature or a great opportunity to customize the space to your vision. Additional highlights include a brand-new well pump connected to the sprinkler system. Being sold as-is, this home is full of potential and ready for its next owner to make it their own.

Additional Information

Cooling
Central Air
Heating
Electric, Heat Pump
Roof
Shingle
Utilities
Water Available
Elementary School
Bellamy
Middle School
Murray
High School
Ashley

Listing courtesy of Listing Agent: The Summers Real Estate Team () from Listing Office: Keller Williams Innovate-Wilmington.

Listing courtesy of Listing Agent: The Summers Real Estate Team () from Listing Office: Keller Williams Innovate-Wilmington.

Selling Office: Navigate Realty.

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