Recently Listed New Construction 589 Stokestown Road
Wallace, NC, 28466 $ 895,000
Bedrooms-- Baths-- Sq 1,700 Monthly Estimate*
$ 5,511
for $895,000. This 1,700 square foot building was built in 2026 on a lot size of 20.
This incredible package includes a truly rare opportunity to purchase a 20 acre tract on Stokestown Road in Wallace featuring two brand new cottages, extensive development potential, and absolute freedom of use with no HOA or restrictive rules. The land has already been cleared and is ready to be transformed into pastures, gardens, or open recreational space, making it ideal for equestrian use, farming, or private rural retreats. None of this land is in a flood zone requiring insurance; All in X! The property includes four additional septic permits, allowing for the creation of a private family compound, retreat, rental community, or future subdivision. Duplin County has confirmed the tract can be divided into up to six lots without subdivision rules or has potential to be even more with your development plan, providing flexibility to sell homes individually, create buildable lots of any size or configuration, or develop a custom layout tailored to your vision. The seller will consider an allowance toward surveying and subdividing and may also consider selling a smaller portion of the property--reach out for details and with offers. The two never occupied cottages were just completed and offer quality construction with thoughtful design throughout. Each 2 bedroom, 1 bath home features luxury vinyl plank flooring throughout, quartz countertops, solid wood cabinetry, and beautiful cypress ceilings that add warmth and character. Both homes offer covered and uncovered porches and decks, extending the living space outdoors. Each cottage is fully equipped with brand new appliances, including washers, dryers, and refrigerators, making them completely turnkey and ready for immediate occupancy or rental use. Ideally located, the property is approximately 6 miles from the Interstate 40 on ramp at Exit 385 on NC 41, providing convenient east west access. Shopping, dining, and everyday conveniences in Wallace are just minutes from the property. Whether seeking a legacy estate, income producing opportunity, or long term investment with exceptional flexibility, this offering combines land, infrastructure, location, and freedom in a way that is increasingly difficult to find.
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FeaturesGeneralHeating Electric
Possession Close Of Escrow At Closing
Zoning na
Construction Materials Vinyl Siding Wood Frame
Year Built 2026
Property Subtype Improved
Tax Year 2025
Current Use Agricultural Single Family Residential Farm Development Development2 Farm3 See Remarks59
Taxes 401.94
Parcel Number 092435
Business Type Other
County Duplin
New Construction Y
Property Type Commercial Sale
In City Limits? (Y/N) N
Association Amenities None
HOA N
Attached Garage N
Subdivision Name Not In Subdivision
Garage Y/N N
Status Active
Directions take exist 385 off 40 to highway 41; follow highway 41 to a right turn onto Deep Bottom Road then right onto Stokestown Road. Property is on the left.
City Wallace
Lot Size Units Acres
Lot Size Square Feet 871200.0
Carport Y/N N
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Considered Y/N N
Availability Date 2026-04-14
Structure Type Wood Frame
Standard Status Active
Tax Assessed Value 69300
Legal Description See survey attached
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InteriorFlooring LVT/LVP
Water Heater Electric
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Total Baths 0
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ExteriorExterior Finish Vinyl Siding
Lot Features Cleared2
Lot Size Area 20
Foundation Details Raised Slab
Spa N
Building Area Total 1700
Lot Dimensions 490x795x529x800x145
Lot Size Acres 20
Road Surface Type Paved
Waterfront Y/N N
Road Frontage Type City Street State Road Maintained Paved
Crops Included Y/N N
Horse Y/N N
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* Excluded FeaturesList ByDawn J BerardListing Agent
Sold Buy The Sea RealtyBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,511
- Monthly Property Taxes
- $33
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Wallace, NC
Average List Price $374,750
Percent of Sale Price 58%
About Wallace, NC 3,933 Population
14% Since 2002
$ 33,397 Median Income
41.28 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
3960720 Elementary School
3960847 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/14/2026 | $895,000 | | Listed Price |