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    964 Murphy Farm Rd Merritt, NC 28556

    For Sale
    $395,000

    LAND - Merritt, NC

    Lot size:
    0.73 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 10 at 6:06 pm

    Property Features for 964 Murphy Farm Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Residential
    APN
    J043-46
    Lot size
    0.73 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front
    1

    Century 21 Vanguard (910) 769-1465

    Listing agent Jeff Lesley (910) 769-1465 License #271524

    Listing date Dec 1, 2025

    MLS# 100543538 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. 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 Lot on Bay River

    This .73-acre waterfront lot in Merritt, North Carolina, offers an opportunity to build a coastal home. The property is positioned on the Bay River, providing access to the Pamlico Sound, and features 184 feet of waterfront. The land sits approximately 6.5 feet above sea level. The groundwork is in place, including county water, an installed septic system, and an underground seawall with bulkhead boulders for shoreline stability. The previous home on the property was a 3-bedroom residence. Most of the land lies within the X flood zone. There is no HOA and no restrictive covenants. The location allows for building a private dock. The property is less than 10 minutes from the town of Oriental, which offers a public boat ramp, marinas, shops, and waterfront restaurants. New Bern is a 30-minute commute. The property is intended for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Merritt
    County
    Pamlico
    State
    North Carolina
    Longitude
    -76.683045
    Latitude
    35.148358

    FAQs

    What type of property is this?
    Residential land & home lot - Exceptional waterfront lot in Merritt, NC with Bay River access.
    Where is this residential land & home lot located?
    The property is located at 964 Murphy Farm Rd Merritt, NC.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Waterfront Lot with 184 feet of waterfront and direct access to Bay River and Pamlico Sound.; - High Elevation in X Flood Zone potentially eliminating the need for flood insurance.; - Pre-Installed Utilities including county water and an installed septic system.
    (910) 769-1465
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    Merritt, NC 28556
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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
    964 Murphy Farm Rd Merritt, NC 28556
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