Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oceanfront Homesite on Bald Head Title is generated by Realmo AI

    226 Station House Way lot 4026, Bald Head Island, NC 28461

    View on Map
    Claim this Listing
    New
    For Sale
    $3,000,000

    LAND - Bald Head Island, NC

    Lot size:
    0.85 Acres
    Added:
    May 21, 2026
    Days on Market:
    3
    Last Refresh:
    May 23 at 5:06 pm

    Property Features for 226 Station House Way lot 4026

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Bh-Pd-2
    Standard status
    Active
    APN
    2654d004
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    L-4026 .85Ac Ph-Sf14 Cape Fear St Pl 23-538
    Tax Annual Amount
    13413

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Ginger Dunn

    Listing agent Ginger Dunn License #157324

    Listing office Munroe Properties PO Box 3322, Bald Head Island, NC

    Listing date May 21, 2026

    MLS# 100575887

    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

    • OCEANFRONT: 100 ft wide homesite on Bald Head Island's East Beach.
    • Large Atlantic ocean frontage with views from Frying Pan Shoals to Fort Fisher.
    • .85+ acre homesite.
    • Build your dream island retreat and enjoy spectacular sunrises.
    • Beach access nearby, protected by sandy dunes.
    • Short walk to Shoals Club; nearby Conservancy and Cape Fear Commons.

    Overview

    This 0.85+ acre oceanfront homesite is located on Bald Head Island's prestigious East Beach. The 100-foot wide property on the Atlantic Ocean offers potential views from Frying Pan Shoals to Fort Fisher. The property is zoned Bh-Pd-2. A beach access, protected by sandy dunes, is a few steps away. The Shoals Club is within walking distance, and the Conservancy and Cape Fear Commons are nearby. The property is intended for residential use, allowing for the construction of a custom island retreat. The location offers the opportunity to experience sunrises on the East Coast.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Bed & Breakfast Grocery & Convenience Store Hotel & Motel Restaurant Real Estate Agency Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Bald Head Island
    County
    Brunswick
    State
    North Carolina
    Longitude
    -77.9606494
    Latitude
    33.8480502

    Nearby Similar for Sale

    • $899,000

      Waterfront Land on Bald Head Island

      Two waterfront lots on Cape Creek Road, Bald Head Island.
      74/76 Cape Creek Road lot: 74 & 76, Bald Head Island, NC 28461
      View Details
    • $1,200,000

      Land in Harbour Village

      Large property suitable for commercial or residential development.
      3 Keelson Row, Bald Head Island, NC 28461
      View Details
    • $595,000

      Waterfront Land on Cape Creek

      Marshfront homesite with potential panoramic views on Bald Head.
      85 Cape Creek Road lot: 1185, Bald Head Island, NC 28461
      View Details
    • $3,000,000

      Oceanfront Homesite on Bald Head

      0.85+ acre oceanfront homesite with Atlantic frontage.
      224 Station House Way lot: 4024, Bald Head Island, NC 28461
      View Details
    • $425,000

      Oceanview Homesite Ready to Build

      Homesite ready to build with ocean views near the beach.
      14 Mourning Warbler Trail lot: 202, Bald Head Island, NC 28461
      View Details
    • $357,000

      Ocean View Land Bald Head

      Residential land with ocean views in Bald Head Island, NC.
      22 Black Skimmer Trail, Bald Head Island, NC 28461
      View Details
    • $6,000,000

      Marshfront Homesites on Bald Head Island

      Nine contiguous homesites with panoramic water views on Bald Head Island.
      87 Cape Creek Road lot: Multiple Lots, Bald Head Island, NC 28461
      View Details
    • $599,000

      Bald Head Island Homesite

      Homesite with lagoon and golf course views near beach access.
      25 Mourning Warbler Trail lot: 659, Bald Head Island, NC 28461
      View Details
    • $300,000

      Land in Cape Fear Station

      Homesite in prestigious Bald Head Island enclave near East Beach.
      619 Wash Woods Way lot: 5116, Bald Head Island, NC 28461
      View Details
    • $499,000

      Bald Head Island Harbor Lot

      Waterfront land with views in Bald Head Island marina.
      84 Turks Head Court lot: 84, Bald Head Island, NC 28461
      View Details
    • $325,000

      Bald Head Island Homesite

      Residential land for sale in Bald Head Island, North Carolina.
      638 Kinnakeet Way lot: 5323, Bald Head Island, NC 28461
      View Details
    • $995,000

      Oceanview Homesite in Bald Head Island

      Vacant lot in coveted West Beach community, near Beach Access.
      38 Cape Fear Trail lot: 1222, Bald Head Island, NC 28461
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.85+ acre oceanfront homesite on Bald Head Island's East Beach.
    Where is this waterfront land located?
    The property is located at 226 Station House Way lot 4026 Bald Head Island, NC.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: OCEANFRONT: 100 ft wide homesite on Bald Head Island's East Beach.; Large Atlantic ocean frontage with views from Frying Pan Shoals to Fort Fisher.; .85+ acre homesite.
    (910) 540-7369
    We can help!
    Listing Contact
    Ginger Dunn
    Real Estate License ID: 157324
    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
    226 Station House Way lot: 4026, Bald Head Island, NC 28461
    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!