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Listed by Matthew C Costin, Nest Realty.

Wilmington, NC 28409

$3,700,000
Property Type: Land Lot Size (sq. ft.): 65,340 Status: Active
Current Price: $3,700,000 List Date: 5/19/2026 Last Modified: 5/20/2026

Overview

Description

Experience the rare opportunity to create an extraordinary coastal estate at 201 Oyster Bay Lane, a premier waterfront homesite offering sweeping, unobstructed views of the Intracoastal Waterway and Masonboro Island. Encompassing approximately 1.5 acres, this exceptional property provides the ideal setting to design and build a custom luxury residence that fully captures some of the most breathtaking sunrises on the North Carolina coast. Perfectly positioned within the sought after Oyster Bay community off Masonboro Sound, this homesite combines privacy, natural beauty, and an unparalleled waterfront lifestyle. Residents enjoy access to a collection of thoughtfully designed community amenities, including a private pier ideal for morning walks and waterfront relaxation, sandy beach and sandbar access, community water access, and the convenience of a community boat launch. Adding to the appeal, the property includes a 40,000 pound boat lift complete with shore power and water service, cr …

Listing Details MLS# 100574946

Contract Info

Delayed Marketing?
No
Marketing Start Date
2026-05-19
Sub-Type
Residential Lot
Listing Price
3700000
List Price/Acre
2466666.67
Stipulation of Sale
Standard

Location Information

County
New Hanover
State/Province
NC
Zip Code
28409
City Limits
Yes
Subdivision
Oyster Bay
Secondary Subdivision
N/A

Remarks and Showing

Directions to Property
Take College Rd South. Turn Left onto Oleander Dr. Take a slight Right onto Pine Grove Dr. Turn Left onto Masonboro Sound Rd. Turn Right onto Cabbage Inlet Ln and then Left onto Mullington Ln. Turn Left onto Oyster Bay Ln and drive all the way down to the end of the road.
Sign on Property
Yes

Property Exterior Info

Acres – Total
1.5
Lot SqFt
65340
Deed Restrictions
Yes
Waterfront
Yes
Water Frontage
140
Waterview
Yes
Location Type
Mainland
Total Road Frontage
0

Legal and Taxes

Tax Assessed Value
718200
Deed Book
6519
Deed Page
2798
Legal
LOT 7 CITY OF WILM
Broker Owner
No
PID
R07200-016-000-000
Tax Identifier
R07200-016-000-000
Special Assessments
None known
Tax Year
2026
Zoning
R-15
Cobra Zone
No
Elementary School
Masonboro Elementary
Middle School
Roland Grise
High School
Hoggard
Plat Book
No
Plat Page
No

Possible Use

Residential
Yes

More Information

Bldgs on Property

None
Yes

HOA and Neigh Amenities

Boat Dock
Yes
Boat Slip – Assign
Yes
Maint – Comm Areas
Yes
Maint – Roads
Yes
Picnic Area
Yes
Ramp
Yes
Street Lights
Yes
Waterfront Community
Yes

Soil Evaluation

Soil Evaluation – No
Yes

View Type

ICW View
Yes

Topography

Cleared/Partial
Yes
Wooded
Yes

Lot Water Features

Boat Slip
Yes
Boat Lift
Yes
Deeded Water Access
Yes
Deeded Water Rights
Yes
Deeded Waterfront
Yes
Water Access Comm
Yes

Fencing

None
Yes

Fuel Tank

None
Yes

Environmental Hazard

Unknown
Yes

Road Type/Frontage

Maintained
Yes

Property Features

Possible Use: Residential Bldgs on Property: None Soil Evaluation: Soil Evaluation – No Topography: Cleared/Partial; Wooded View Type: ICW View Fencing: None Fuel Tank: None Environmental Hazard: Unknown Lot Water Features: Boat Lift; Boat Slip; Deeded Water Access; Deeded Water Rights; Deeded Waterfront; Water Access Comm HOA and Neigh Amenities: Boat Dock; Boat Slip – Assign; Maint – Comm Areas; Maint – Roads; Picnic Area; Ramp; Street Lights; Waterfront Community
IDX
Listing Office: Nest Realty
Last Updated: May – 20 – 2026
Copyright 2026 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.
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