Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Homesite in Holly Ridge Title is generated by Realmo AI

    406 Salt Meadow Court lot 51, Holly Ridge, NC 28445

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $149,900

    LAND - Holly Ridge, NC

    Lot size:
    0.48 Acres
    Added:
    Dec 15, 2025
    Days on Market:
    158
    Last Refresh:
    May 22 at 4:06 pm

    Property Features for 406 Salt Meadow Court lot 51

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Standard status
    Active Under Contract
    APN
    749-6.38
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L51 PVI Redds Cove PVI
    Tax Annual Amount
    655

    Utilities

    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Matthew Berglund
    Matthew Berglund

    Listing agent Matthew Berglund License #296743

    Listing office Destination Realty Corporation, LLC 575 Military Cutoff Ste 203, Wilmington, NC

    Listing date Dec 15, 2025

    MLS# 100545543 Listing URL

    Copyright © 2026 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.

    HighLights

    • Canal‑front lot with direct water access ideal for kayaking, paddleboarding, and small‑craft boating
    • Access to planned community amenities including a boat ramp, day dock, kayak storage, fire pits, and outdoor gathering spaces
    • Generous, nearly half‑acre homesite providing ample space to design and build a custom home
    • Located in The Retreat at Redd's Cove, a waterfront community designed for relaxed coastal living
    • Peaceful water views from the property
    • Opportunity to create a private retreat in a desirable coastal location

    Overview

    Located in The Retreat at Redd's Cove in Holly Ridge, Lot 51, situated at 406 Salt Meadow Ct, offers refined coastal living within a waterfront community. This nearly half-acre homesite, measuring 0.48 acres, features canal frontage, providing water views and direct water access suitable for kayaking, paddleboarding, and small-craft boating. The property is zoned RA. Residents have access to a planned amenities area that includes a community boat ramp, day dock, kayak storage, fire pits, and outdoor gathering spaces. This homesite provides an opportunity to design and build a custom coastal home. The property is intended for residential use.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Holly Ridge
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.514
    Latitude
    34.4895

    Nearby Similar for Sale

    • $559,000

      Dockable Homesite Near ICW

      Dockable 0.58 acre homesite with ICW access.
      246 Bethea Street lot: 16, Holly Ridge, NC 28445
      View Details
    • $98,777

      Large Homesite in Summerhouse

      Spacious lot near amenities in coastal community.
      415 Wisteria Lane, Holly Ridge, NC 28445
      View Details
    • $414,000
      2,400 SF

      Turnkey Duplex in Coastal Market

      Fully occupied duplex generating $2,500 monthly income in Holly Ridge.
      215/217 Lloyd Street, Holly Ridge, NC 28445
      View Details
    • $124,900

      Homesite in Redd's Cove

      0.66-acre homesite with 4-bedroom septic permit in hand.
      208 River Oats Court, Holly Ridge, NC 28445
      View Details
    • $669,900

      Waterfront Land in Holly Ridge

      Intracoastal Waterway lot with planned amenities and water access.
      155 Bethea Street lot: 26, Holly Ridge, NC 28445
      View Details
    • $90,000

      Homesite in Coastal Community

      0.68-acre homesite in Summerhouse on Everett Bay.
      838 Lake Willow Way lot: 125, Holly Ridge, NC 28445
      View Details
    • $657,900

      Waterfront Homesite in Holly Ridge

      Intracoastal Waterway homesite with community amenities and water access.
      209 Bethea Street lot: 11, Holly Ridge, NC 28445
      View Details
    • $917,900

      Holly Ridge Development Site

      6.36 acre development site on US Hwy 17.
      9001 Wilmington Highway, Holly Ridge, NC 28445
      View Details
    • $116,000

      Water View Lot in Summerhouse

      Residential lot with water views and resort-style amenities.
      162 Whispering Pine Lane lot: 212, Holly Ridge, NC 28445
      View Details
    • $75,000

      Residential Land in Holly Ridge

      0.59 acre lot ready for a coastal dream home.
      836 Lake Willow Way lot: 126, Holly Ridge, NC 28445
      View Details
    • $175,000

      Commercial Land in Holly Ridge

      Commercial land available in growing Holly Ridge, North Carolina.
      604 Us Highway 17 S lot: 6, Holly Ridge, NC 28445
      View Details
    • $150,000

      Waterfront Lot with Intracoastal Access

      Over 1-acre waterfront lot with Intracoastal access.
      323 Clearview Drive lot: 10A, Holly Ridge, NC 28445
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Canal-front homesite with planned amenities for relaxed coastal living.
    Where is this waterfront land located?
    The property is located at 406 Salt Meadow Court lot 51 Holly Ridge, NC.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Canal‑front lot with direct water access ideal for kayaking, paddleboarding, and small‑craft boating; Access to planned community amenities including a boat ramp, day dock, kayak storage, fire pits, and outdoor gathering spaces; Generous, nearly half‑acre homesite providing ample space to design and build a custom home
    (919) 757-4254
    We can help!
    Listing Contact
    Matthew Berglund
    Matthew Berglund
    Real Estate License ID: 296743
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    406 Salt Meadow Court lot: 51, Holly Ridge, NC 28445
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!