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

    838 Lake Willow Way lot 125, Holly Ridge, NC 28445

    View on Map
    Claim this Listing
    For Sale
    $90,000

    LAND - Holly Ridge, NC

    Lot size:
    0.68 Acres
    Added:
    Jan 23, 2026
    Days on Market:
    114
    Last Refresh:
    May 17 at 8:06 am

    Property Features for 838 Lake Willow Way lot 125

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-20
    Standard status
    Active
    APN
    762c-125
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L125 P1 SUMMERHOUSE
    Tax Annual Amount
    498

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Laurence Collins

    Listing agent Laurence Collins License #243122

    Listing office Coldwell Banker Sea Coast Advantage Rlty 326 N New River Drive, Surf City, NC

    Listing date Jan 23, 2026

    MLS# 100551022 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

    • 0.68‑acre homesite overlooking a peaceful lake
    • Resort‑style amenities: luxury clubhouse, pool, fitness center, tennis courts, and walking trails
    • Intracoastal Waterway access via day docks
    • Conveniently located near shopping, dining, and award‑winning beaches
    • Opportunity to partner with custom home builders
    • Water available

    Overview

    This 0.68-acre homesite is located in Summerhouse on Everett Bay, a coastal community in North Carolina. The property overlooks a lake and is positioned for a custom coastal home. Summerhouse offers amenities such as a clubhouse, pool, fitness center, walking trails, tennis courts, and day docks with Intracoastal Waterway access. Beaches are located nearby. The property is located near shopping, dining, and beaches.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop Food Market Computer & Electronic Repair Pet Grooming Service Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Ridge
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.4837089
    Latitude
    34.4863113

    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
    • $78,500

      Residential Homesite in Gated Community

      Homesite near clubhouse, pool, and fitness center in Holly Ridge.
      326 Spicer Lake Drive, 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
    • $78,500

      Land in Waterfront Community

      Homesite in Summerhouse on Everett Bay with resort-style amenities.
      324 Spicer Lake Drive, 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
    • $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
    • $119,900

      Residential Lot in Loggerhead Bay

      Building lot in waterfront community near Topsail Island beaches.
      405 Palustris Court, 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

    FAQs

    What type of property is this?
    Residential land & home lot - 0.68-acre homesite in Summerhouse on Everett Bay.
    Where is this residential land & home lot located?
    The property is located at 838 Lake Willow Way lot 125 Holly Ridge, NC.
    What is the asking price?
    The asking price for this property is $90,000.
    What are key features of this property?
    This property features: 0.68‑acre homesite overlooking a peaceful lake; Resort‑style amenities: luxury clubhouse, pool, fitness center, tennis courts, and walking trails; Intracoastal Waterway access via day docks
    (910) 467-4151
    We can help!
    Listing Contact
    Laurence Collins
    Real Estate License ID: 243122
    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
    838 Lake Willow Way lot: 125, 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!