Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Ocean Isle Beach Homesite Title is generated by Realmo AI

    575 Morely Circle SW lot 39, Ocean Isle Beach, NC 28469

    View on Map
    Claim this Listing
    For Sale
    $299,900

    LAND - Ocean Isle Beach, NC

    Lot size:
    0.35 Acres
    Added:
    Apr 1, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 3 at 3:06 am

    Property Features for 575 Morely Circle SW lot 39

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Co-R-7500
    Standard status
    Active
    APN
    227fc005
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Description
    L-39 S-2B PH-3 BARRINGTON AT OCEANRIDGE PL 89/79

    We can help!

    Listing Contact
    Tavis T Neal
    Tavis T Neal

    Listing agent Tavis T Neal License #207915

    Listing office Ocean Ridge Plantation Real Estate Sales 53 Ocean Ridge Parkway SW, Ocean Isle Beach, NC

    Listing date Apr 1, 2026

    MLS# 100564114 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

    • Premium homesite with southeastern exposure, pond views, and multiple golf views of Tigers Eye #8 Green and #9 Tee Box.
    • Access to a private oceanfront Beach Club on Sunset Beach, recognized as a top beach by National Geographic.
    • Located in Ocean Ridge, recognized as ''One of the top 100 Communities in America'' by Where to Retire.
    • Minimum 2500 heated sq. ft. allows for a spacious custom dream home.
    • Extensive amenities including 72 holes of championship golf, multiple clubhouses and restaurants.
    • Wide range of community amenities: indoor/outdoor pools, fitness center, tennis/pickleball, walking trails, parks, and numerous owner clubs.

    Overview

    This 0.35-acre homesite is located in Ocean Isle Beach, NC. The property features southeastern exposure in the rear, pond views, and multiple golf views of Tigers Eye #8 Green and #9 Tee Box. A minimum of 2500 heated square feet is required for construction. Ocean Ridge is ideally located in the coastal Carolinas and includes a private oceanfront Beach Club on Sunset Beach. Community amenities include 72 holes of championship golf, golf club houses and restaurants, an owners lounge, walking trails, a fitness/cardio center, indoor, outdoor & children's pools, tennis/pickleball courts, parks, a community Pavilion, and over 100 owner clubs and community activities. Ocean Ridge has been recognized as one of the top 100 communities in America.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Nail Salon Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Isle Beach
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.488462
    Latitude
    33.932589

    Nearby Similar for Sale

    • $1,200,000
      3,028 SF

      Furnished Duplex Near Ocean Isle

      Furnished duplex with pool, close to the beach.
      255 E First Street, Ocean Isle Beach, NC 28469
      View Details
    • $2,800,000

      Prime Land Opportunity Near Beaches

      36 acres near Ocean Isle and Sunset Beaches, North Carolina.
      78 Mclamb Court SW, Ocean Isle Beach, NC 28469
      View Details
    • $125,000

      Wooded Homesite in Ocean Ridge

      Private homesite near Sunset Beach with community amenities.
      508 Westchester Place SW lot: 147, Ocean Isle Beach, NC 28469
      View Details
    • $699,000

      Waterway Lot in Ocean Isle

      Intracoastal Waterway lot in desirable Ocean Isle Beach location.
      1609 Denton Street SW, Ocean Isle Beach, NC 28469
      View Details
    • $879,000

      Ocean Isle Beach Land Tract

      Large, private 15+ acre tract near Ocean Isle Beach.
      1800 Holly Street SW, Ocean Isle Beach, NC 28469
      View Details
    • $115,000

      Ocean Isle Beach Homesite

      Homesite in Ocean Ridge's Lion's Paw community.
      6959 Cambria Court SW lot: 17, Ocean Isle Beach, NC 28469
      View Details
    • $104,900

      Ocean Isle Beach Homesite

      Homesite near community amenities in Ocean Isle Beach, North Carolina.
      174 Staffordshire Place SW lot: 9, Ocean Isle Beach, NC 28469
      View Details
    • $800,000

      Canal-Front Land with In-Ground Pool

      Premier canal-front homesite with existing in-ground pool and private dock.
      46 Raeford Street lot: 54, Ocean Isle Beach, NC 28469
      View Details
    • $146,000

      Homesite in Ocean Ridge Plantation

      Homesite with golf course views in coastal community.
      556 Wicklow Square SW lot: 60, Ocean Isle Beach, NC 28469
      View Details
    • $129,000

      Ocean Isle Beach Homesite

      Pristine pond view homesite near south gate and Ridge Center.
      640 Barons Court SW lot: 87, Ocean Isle Beach, NC 28469
      View Details
    • $139,000

      Ocean Isle Beach Home Site

      Home site near the beach, no HOA, utilities in place.
      1609 Goose Creek Road SW, Ocean Isle Beach, NC 28469
      View Details
    • $140,000

      Ocean Isle Beach Vacant Land

      Vacant lot in Ocean Ridge Community near beaches and golf.
      6653 Annesbrook Place SW, Ocean Isle Beach, NC 28469
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Homesite with pond and golf views in Ocean Ridge.
    Where is this residential land & home lot located?
    The property is located at 575 Morely Circle SW lot 39 Ocean Isle Beach, NC.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: Premium homesite with southeastern exposure, pond views, and multiple golf views of Tigers Eye #8 Green and #9 Tee Box.; Access to a private oceanfront Beach Club on Sunset Beach, recognized as a top beach by National Geographic.; Located in Ocean Ridge, recognized as ''One of the top 100 Communities in America'' by Where to Retire.
    (910) 508-1972
    We can help!
    Listing Contact
    Tavis T Neal
    Tavis T Neal
    Real Estate License ID: 207915
    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
    575 Morely Circle SW lot: 39, Ocean Isle Beach, NC 28469
    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!