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1556 Farrow Fork Road, Engelhard, NC, 27824

3beds
2baths
1,979sqft
$419,900
$212price/sqft
$3,028/moest. monthly cost
$121,120/yrincome needed

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

0
WalkingCar-Dependent
0
TransitVery Limited Transit
31
BikeSomewhat Bikeable

Schools

3/10
Mattamuskeet ElementaryGrades PK-1211.8 mi
7/10
Hyde AcademyGrades 9-1211.9 mi

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
    Coastal FloodingVery High
  • Hurricane
    HurricaneVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Drought
    DroughtModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Winter Weather
Lightning
Cold Wave
Drought
Heat Wave
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters in Hyde County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $2,123$25,476
Home Insurance *$395$4,740
Property Taxes $310$3,720
Electricity $200$2,405
Total$3,028$36,336
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$103,817/yr
40% on housing$90,840/yr
45% on housing$80,746/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

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.

Insurance Growth Rate5-year average: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: 25.6%
25.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$212This listing

vs Other Active Listings

Avg $/sqft

ZIP 27824$2,159
Hyde County$880

vs Homes Sold Last Month

Median $/sqft

ZIP 27824
Hyde County$164

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

DateEventPrice
2026-07-29Price change$419,900
2026-06-13Listed for sale$425,000
2026-04-02Listing removed$445,000
2026-01-01Price change$445,000
2025-10-30Price change$450,000
2025-06-24Price change$455,000
2025-05-02Listed for sale$460,000

For Sale by Agent

AgentJanice Harris
BrokerageLime Rock Realty

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