Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.
Sold for $1,000,000
$1,000,000
500 Arendell Street, Morehead City, NC 28557
3beds
4,896sqft
Single Family Residence
Built in 1920
3,484 Square Feet Lot
$1,012,900 Zestimate®
$204/sqft
$2,883 Estimated rent
Home value
$1,012,900
$891,000 - $1.15M
$2,883/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
ROSS BEEBE 252-229-0933,
Keller Williams Realty
Bought with:
ROSS BEEBE, 213811
Keller Williams Realty
Source: Hive MLS,MLS#: 100486161
Originating MLS: Neuse River Region Association of Realtors
Originating MLS: Neuse River Region Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Level: Non Primary Living Area
Dining room
- Features: Combination
Heating
- Propane, Heat Pump, Electric, Forced Air
Cooling
- Central Air, Heat Pump
Appliances
- Included: Dishwasher
Features
- Entrance Foyer, Ceiling Fan(s), Walk-in Shower
- Flooring: Concrete, Tile, Wood
- Basement: None
- Attic: None
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 4,896
- Total interior livable area: 4,896 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Side, Off Street
- Garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Fencing: None
- Has view: Yes
- View description: ICW, Marina, Ocean, Sound, Water
- Has water view: Yes
- Water view: Marina,Ocean,Sound,Water
- Waterfront features: None
Lot
- Size: 3,484 Square Feet
- Features: Corner Lot
Details
- Parcel number: 638620814325000
- Zoning: Commercial
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete, Stucco
- Foundation: Slab
- Roof: Membrane,Flat
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Green energy
- Green verification: None
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Morehead City
Financial & listing details
- Price per square foot: $204/sqft
- Tax assessed value: $201,088
- Annual tax amount: $1,462
- Date on market: 3/1/2025
- Cumulative days on market: 297 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Commercial,Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/22/2025 | Sold | $1,000,000-22.8%$204/sqft |
Source:  Hive MLS #100486161 Report a problem | ||
| 11/28/2025 | Contingent | $1,295,000$265/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 9/23/2025 | Price change | $1,295,000-10.7%$265/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 8/15/2025 | Listed for sale | $1,450,000$296/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 7/7/2025 | Listing removed | $1,450,000$296/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 6/13/2025 | Price change | $1,450,000-10.8%$296/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 4/16/2025 | Price change | $1,625,000-7.1%$332/sqft |
Source: Hive MLS #100486161 Report a problem | ||
| 1/31/2025 | Listed for sale | $1,750,000$357/sqft |
Source: Hive MLS #100486161 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,932 +131.4% | $1,027,988 +212.7% |
| 2024 | $2,564 +267% | $328,786 +63.5% |
| 2023 | $699 +3% | $201,088 |
| 2022 | $679 | $201,088 |
| 2021 | $679 | $201,088 |
| 2020 | $679 +10.1% | $201,088 +3.7% |
| 2019 | $616 | $194,003 |
| 2017 | $616 | $194,003 |
| 2016 | $616 | $194,003 |
| 2015 | $616 +3.2% | $194,003 +21.6% |
| 2014 | $597 | $159,554 |
Find assessor info on the county website
Neighborhood: 28557
Nearby homes
- $399,2003 bd1 ba1k sqft502 Arendell St, Morehead City, NC 28557Off Market
- $1,100-- bd-- ba1.1k sqft101 N 5th St, Morehead City, NC 28557For Rent
- $--2 bd1 ba700 sqft501 Bridges St #D, Morehead City, NC 28557Off Market
- $360,0001 bd1 ba600 sqft501 Bridges St #B, Morehead City, NC 28557Off Market
- $245,0001 bd1 ba325 sqft501 Bridges St #C, Morehead City, NC 28557Off Market
- $--1 bd1 ba-- sqft501 Bridges St #C, Morehead City, NC 28557Off Market
- $--2 bd2 ba1k sqft501 Bridges St #A, Morehead City, NC 28557Off Market
- $--1 bd1 ba-- sqft501 Bridges St #B, Morehead City, NC 28557Off Market
Nearby schools
GreatSchools rating
- 5/10Morehead Elementary At Camp GlennGrades: 4-5Distance: 2.4 mi
- 8/10Morehead City Middle SchoolGrades: 6-8Distance: 2 mi
- 5/10West Carteret High SchoolGrades: 8-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Morehead City Primary
- Middle: Morehead City
- High: West Carteret
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,012,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,012,900
- North Carolina
- Carteret County
- Morehead City
- 28557
- 500 Arendell Street
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