514 Cathay Road Wilmington, NC $ 265,000
514 Cathay Road
$ 265,000
Recently Listed
Open House 4/25 10am - 12pm
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514 Cathay Road

Wilmington, NC, 28412
$ 265,000
Bedrooms3 Baths1.1 Sq 1,408

Monthly Estimate*

$ 1,632

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Single Family Home for sale in Wilmington, NC

for $265,000 with 3 bedrooms and 1 full bath, 1 half bath. This 1,408 square foot home was built in 1977 on a lot size of 0.3.

Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential. This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6 years old and an HVAC system replaced in 2019. Enjoy outdoor living with a screened-in patio, storage shed, and a well-maintained yard featuring mature azalea bushes. The property also includes two koi ponds (fish removed), offering a unique landscaping feature or a great opportunity to customize the space to your vision. Additional highlights include a brand-new well pump connected to the sprinkler system. Being sold as-is, this home is full of potential and ready for its next owner to make it their own.

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Open House

4/25/2026 10:00 AM - 12:00 PM
4/26/2026 10:00 AM - 12:00 PM
514 Cathay Road Wilmington, NC
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 265,000

Bedrooms

3

Full Bath

1

Half Bath

1

Property Type

Single Family

Taxes

$ 1,194

Style

Single Family Residence

Lot Size

0.3

Year Built

1977

Town/City

Wilmington

County/Region

New Hanover

MLS | Web ID

100569025

Features
General
Living Area 1408.0
Heating Electric Heat Pump
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow At Closing
Roof Shingle
Zoning R-10
Patio/Porch Features None
Construction Materials Brick Veneer Wood Frame
Year Built 1977
View See Remarks
Levels One
Property Subtype Single Family Residence
Tax Year 2025
Taxes 1194.93
Parcel Number R07816-003-024-000
County New Hanover
Operating Expense 0.0
New Construction N
Property Type Residential
In City Limits? (Y/N) N
HOA N
Attached Garage N
Subdivision Name Monterey Heights
Garage Y/N N
Total Rooms 9
Full Baths 1
Status Active
Directions From South College Road (NC-132) head toward the Monkey Junction area. Turn onto Carolina Beach Road (US-421 South). Continue for approximately 1 mile then turn right onto Cathay Road. Follow Cathay
High School Ashley
City Wilmington
High School District New Hanover
Lot Size Units Acres
Lot Size Square Feet 13242.0
Carport Spaces 0.0
Carport Y/N N
Elementary School Bellamy
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Murray
Lease Considered Y/N N
Structure Type Wood Frame Stick Built
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 315700
Legal Description Lot 168 Sec 3 Monterey Hgts
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Interior
Interior Amenities Entrance Foyer Ceiling Fan(s) See Remarks61
Master Bed Level Primary Living Area
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
Total Bedrooms 3
Entry Level 1
Room Type Master Bedroom Bedroom 2 Bedroom 3 Family Room Other Living Room Dining Room Dining Area Laundry
Total Baths 2
Living Area Range 1400 - 1599
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Exterior
Exterior Finish Brick Veneer
Fencing None
Parking Features On Site Paved
Water Source County Water
Total Parking 0.0
Lot Size Area 0.3
Foundation Details Slab
Spa N
Building Area Total 1408
Lot Dimensions Irregular
Lot Size Acres 0.3
Road Surface Type Paved
Frontage Type See Remarks
Waterfront Y/N N
Road Frontage Type City Street State Road Paved
Crops Included Y/N N
Horse Y/N N
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Internal Only
Street Number 1 514
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* Excluded Features
List By
The Summers Real Estate Team

Listing Agent

Keller Williams Innovate-Wilmington

Broker

info@summersteamnc.com

Email

Affordability Calculator

$1,731
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,632
Monthly Property Taxes
$100
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.
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Nearby
4737055 Elementary School
4735583 Middle School
Ashley High School High School
Pricing History
DatePricePrice ChangeDescription
4/23/2026$265,000 Listed Price

Map


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514 Cathay Road, Wilmington, NC, 28412 is a Single Family Home for sale at $265,000 with 1,408 sqft and a lot size of 0.3. 514 Cathay Road has 3 bedrooms, 1.1 baths, and was built in 1977. The property's zip code is 28412 which is in Wilmington, NC