




1556 Farrow Fork Road, Engelhard, NC, 27824
About This Home
Welcome to the Gator Hole, a rare waterfront retreat where endless possibilities meet the natural beauty of coastal Hyde County. Set on more than two acres, this one-of-a-kind property offers a unique combination of privacy, income potential, recreation, and multi-generational living opportunities. Whether you're searching for a private family compound, an income-producing investment, a hunting and fishing lodge, vacation retreat, or a combination of all four, The Gator Hole delivers exceptional flexibility with three separate residences and an impressive collection of outbuildings and amenities. The primary residence features 3 bedrooms and 2 baths, highlighted by a spacious owner's suite complete with a private office, ensuite bath, and dual walk-in closets. A welcoming foyer opens into expansive living and dining areas designed for gathering, entertaining, and making memories. Step outside to the rear deck and enjoy peaceful waterfront views, abundant wildlife, and the soothing sounds of nature that make every morning feel like a getaway. A second 3-bedroom, 2-bath home provides immediate income-producing potential and is currently utilized as a rental property. Guests and tenants alike will appreciate the inviting screened front porch--an ideal place to relax and enjoy the coastal breeze in any season. Adding even more versatility, a charming 1-bedroom, 1-bath manufactured home is tucked away at the rear of the property. Perfect as a guest cottage, short-term rental, caretaker's residence, private office, or personal retreat, this additional living space creates countless opportunities for owners and investors alike. Beyond the residences, The Gator Hole truly shines with amenities that are increasingly difficult to find. Launch directly from your own private boat ramp and enjoy quick access to the Pamlico Sound, renowned for world-class fishing, boating, waterfowl hunting, and outdoor recreation. Multiple outbuildings--including a large storage building, garage, and historic crab house--offer abundant space for equipment, hobbies, workshops, boat storage, or future creative uses. RV hookups further enhance the property's flexibility for guests, travelers, or additional income opportunities. From family gatherings and waterfront adventures to rental income and future development possibilities, The Gator Hole offers a lifestyle and investment opportunity unlike anything else on the market. This is more than a property--it's a coastal legacy waiting for its next chapter.
Getting Around
Schools
Construction
Condition
- Year built: 2004
Materials
- Foundation: Block,Raised,Crawl Space
- Roof: Architectural Shingle
- Construction materials: Wood Siding,Wood Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built-In Microwave,Refrigerator,Dishwasher
- Laundry features: Dryer Hookup,Washer Hookup,Laundry Room
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Features
- Walk-in Closet(s),Whole-Home Generator,Blinds/Shades,Walk-In Closet(s)
- Window features: Storm Window(s)
- Flooring: LVT/LVP,Laminate
- Attic: Access Only
Heating & Cooling
- Heating features: Propane,Gas Pack,Heat Pump
- Cooling features: Central Air
Interior Area
- Total structure area: 1,979
- Total interior livable area: 1,979 sqft
Property
Accessibility
- Accessibility features: Accessible Approach with Ramp
Details
- Parcel number: 5381 01
- Zoning: Agricultural District
- Special condition: Standard
Features
- Levels: One
- Patio & porch: Porch,Front Porch,Rear Porch
- Fencing: None
- Has view: Yes
- View description: Canal,Water
- Has water view: Yes
- Water view: Canal,Water
- On waterfront: Yes
- Waterfront features: Boat Ramp,Bulkhead,Canal Front
- Frontage type: Canal Front
- Living area range: 1800 - 1999
Lot
- Lot size: 2.02 Acres
- Features: Boat Ramp,Bulkhead
Parking
- Parking features: Gravel,Concrete,On Site
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Winter Weather
- Lightning
- Cold Wave
- Drought
- Heat Wave
- Inland Flooding
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Hyde County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,123 | $25,476 |
| Home Insurance * | $395 | $4,740 |
| Property Taxes | $310 | $3,720 |
| Electricity | $200 | $2,405 |
| Total | $3,028 | $36,336 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-29 | Price change | $419,900 |
| 2026-06-13 | Listed for sale | $425,000 |
| 2026-04-02 | Listing removed | $445,000 |
| 2026-01-01 | Price change | $445,000 |
| 2025-10-30 | Price change | $450,000 |
| 2025-06-24 | Price change | $455,000 |
| 2025-05-02 | Listed for sale | $460,000 |
