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    113 Lake Ave Morehead City, NC 28557

    New
    For Sale
    $1,950,000

    LAND - Morehead City, NC

    Lot size:
    0.76 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 8 at 3:06 pm

    Property Features for 113 Lake Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    OP-CZ
    APN
    636615732771000
    Exterior features
    Dock
    Lot size
    0.76 Acres

    Utilities

    Water source
    Public
    Water front
    1

    Building Details

    Additional Structures
    Residence

    Keller Williams Realty (252) 637-2010 [email protected]

    Listing agent Mary Cheatham King Real Estate team (252) 518-5222

    Listing date Dec 5, 2025

    MLS# 100544233 Listing URL

    Copyright © 2025 HIVE MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land with Approved Boat Slips

    This 0.76-acre waterfront land parcel is located on Peletier Creek in Morehead City, North Carolina. The property features 9 existing boat slips and has approval for a 9-condominium project. A boundary survey is available as part of the Rezoning Map, which may facilitate consideration of alternative improvements to the site. Refer to the provided documents for the Rezoning Map, project details, and the approved Town of Morehead Rezoning Ordinance. A small dwelling is currently on the property but has no value. The property is also listed as a residential listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morehead City
    County
    Carteret
    State
    North Carolina
    Longitude
    -76.778762
    Latitude
    34.728957

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    FAQs

    What type of property is this?
    Commercial land - Waterfront land parcel with approved boat slips in Morehead City.
    Where is this commercial land located?
    The property is located at 113 Lake Ave Morehead City, NC.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - Prime waterfront location on Peletier Creek; - 9 existing boat slips; - Approved for a 9-condominium project
    (252) 518-5222
    Request Owner's contact information
    113 Lake Ave Morehead City, NC 28557
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    Morehead City, NC 28557
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    113 Lake Ave Morehead City, NC 28557
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