Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Water View Lot in Cedar Point Title is generated by Realmo AI

    121 Fawn Creek Court, Cedar Point, NC 28584

    View on Map
    Claim this Listing
    New
    For Sale
    $224,000

    LAND - Cedar Point, NC

    Lot size:
    0.97 Acres
    Added:
    May 21, 2026
    Days on Market:
    2
    Last Refresh:
    May 22 at 8:06 am

    Property Features for 121 Fawn Creek Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Vegetation
    Cleared, Brush, Natural State
    Standard status
    Active
    APN
    537416942342000
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L64 MAGENS BAY S/D
    Tax Annual Amount
    937

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed, Perc Test Required
    Water source
    Public

    We can help!

    Listing Contact
    Joseph Gallagher

    Listing agent Joseph Gallagher License #309797

    Listing office Redi Real Estate, LLC 1906 SE 3rd Ave, Wake Forest, NC

    Listing date May 21, 2026

    MLS# 10168919 Listing URL

    Copyright © 2026 Doorify 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

    • Seller financing available to qualified buyers.
    • Intercoastal waterview lot at the end of a cul‑de‑sac.
    • Buildable lot in a gated/private community.
    • Community amenities include a pool, tennis courts, and day dock.
    • Convenient location near the Hwy. 58 bridge to Emerald Isle and Hwy 24.
    • Buy as an investment with no required build timeline.

    Overview

    This 0.97-acre residential lot is located in Cedar Point, North Carolina. Situated at the end of a cul-de-sac, the property offers an Intercoastal water view. It is located in a gated and private subdivision near the Highway 58 bridge to Emerald Isle and the Highway 24 intersection. Ownership includes access to a community pool, tennis courts, and a day dock. The property can be purchased as an investment with no required build timeline, or as part of a land/home package for immediate construction. Seller financing is available to qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Kitchen & Bath Showroom Car Rental Facility Clothing & Fashion Store Daycare Center Pet Store Skin Care Clinic Plumbing Service Acupuncture Coworking & Hybrid Office

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Point
    County
    Onslow
    State
    North Carolina
    Longitude
    -77.0729779
    Latitude
    34.6808566

    Nearby Similar for Sale

    • $224,000

      Water View Buildable Home Site

      Residential land near Intracoastal Waterway, community amenities, and seller financing.
      121 Fawn Creek Court lot: 64, Cedar Point, NC 28584
      View Details
    • $750,000

      Prime Development Opportunity in Cedar Point

      Exceptional commercial land for retail or land development.
      406 Cedar Point Blvd, Cedar Point, NC 28584
      View Details
    • $225,000

      Spacious Lot in Marsh Harbour

      Over half-acre lot with community amenities near Emerald Isle.
      112 Sweet Grass Trail, Cedar Point, NC 28584
      View Details
    • $750,000

      Prime Development Opportunity on Hwy 24

      One-acre commercial land with high visibility and accessibility.
      406 Cedar Point Blvd, Cedar Point, NC 28584
      View Details
    • $185,000

      Coastal Lot in Magens Bay

      Corner lot in waterfront community near Emerald Isle beaches.
      202 Royal Oaks Court, Cedar Point, NC 28584
      View Details
    • $1,895,000
      5,960 SF

      Industrial Building with Canal Access

      5,960 SF industrial building with navigable canal access.
      427 Cedar Point Blvd, Cedar Point, NC 28584
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Outparcels available in fast-growing Cedar Point, North Carolina.
      182 Old Highway 58, Cedar Point, NC
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot with Intercoastal water view in gated community.
    Where is this residential land & home lot located?
    The property is located at 121 Fawn Creek Court Cedar Point, NC.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: Seller financing available to qualified buyers.; Intercoastal waterview lot at the end of a cul‑de‑sac.; Buildable lot in a gated/private community.
    (352) 512-8130
    We can help!
    Listing Contact
    Joseph Gallagher
    Real Estate License ID: 309797
    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
    121 Fawn Creek Court, Cedar Point, NC 28584
    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!