Merritt, Pamlico County, NC, 10.14 Acres Residential Land Contract for Sale

Residential Land Available in Merritt, North Carolinia

REDUCED! Here’s your chance to build your dream home. For sale is a contract to buy land at a discounted price for this 10.14 acres in the Masons Pointe subdivision which is conveniently located 2 ½ hours east of Raleigh.  Or for the investor, this is the perfect location to build some retirement, vacation, or single family homes by subdividing the 10.14 acres into 10 one acre lots (Pamlico County has assessed one acre parcels on the same street, Arant Farm Rd., at appx $31,000 each).  Power and water are in the area and a septic will be required if buyer wishes to build.  People from around the world are drawn here by the magnificent rivers, creeks, sounds and the Intracoastal Waterway.  There are 266 miles of navigable waters for boating, kayaking, sailing, fishing, etc.  Pamlico County is a rich environment of land and water.

The property is located in Merritt, NC, 40 minutes from New Bern. 10 minutes from Oriental and Bayboro, NC.  A variety of habitats are found throughout the area, including open sound water, marshlands, and mixed pine and hardwood forests.  Wildlife is abundant. The county is mostly bordered by water on three sides:  Goose Creek and the Pamlico River on the north, Upper Broad Creek on the western boundary, the Neuse River to the south.

All Masons Pointe homeowners are assessed an annual $400 POA fee that allows access to the community dock, available slips, boat ramp, boat storage, and kayak racking and set-ins. Also included are street maintenance, common area improvements, etc. The boating community is centrally located on NC’ s Innerbanks, just off Pamlico Sound.

Compare for yourself to see the value.  Again, Pamlico County has assessed one acre parcels on Arant Farm Rd. at appx $31,000 each.  Our Contract is priced to sell quickly at a cash price of ONLY $45,000 for 10.14 acres (including closing cost estimates).  Act fast while this one is still available as this property is NOT listed on the Multiple Listing Service, so you can only get this bargain here and we coordinate a standard real estate closing w/title attorney.

Buyers may wish to contact Pamlico County’s Planning and Development Department at (252) 745-3081 or the Masons Pointe Property Owners Assn. President at (804) 690-1413/(804) 717-8338 to confirm that this property is suitable for your needs.  The County has no zoning, but if buyer wishes to build, they will need to comply with the Masons Pointe POA covenants.  Use restrictions can be found beginning on page 14.  Some of the permitted uses are single family homes and camping is permissible for 7 days per month.  Mobile homes are not permitted.

This property is offered for sale through our Contract Assignment Program which means that we are assigning the contract that we have entered into with the owner to a buyer, and our price includes payment to the owner and all associated fees and closing cost estimates.  A reputable title company and/or attorney will be handling the closing and transfer of title.

Information about this property is deemed reliable; however it is not guaranteed. Buyers should verify all information and ensure the property is suitable for your needs prior to purchasing.

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