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7663 Myrtle Grove Road, Wilmington, NC, 28409

1beds
1baths
504sqft
$2,200,000
$4,365price/sqft
$12,462/moest. monthly cost
$498,480/yrincome needed

About This Home

7663 Myrtle Grove Rd has 162 feet of prime Intracoastal Waterway frontage. This rare property combines natural beauty, privacy, and potential—all in one of the most sought-after stretches of the Carolina coast. From your front yard, you'll have wide-open views of the Intracoastal Waterway, Myrtle Grove Sound, Carolina Beach, and the Atlantic Ocean in the distance. Out back, enjoy peaceful marsh and wildlife views that change by the hour. A cozy 1 room cottage built in 1958 with heart-of-pine walls and ceiling, currently sits on the property—ideal as a weekend escape or a home base while you plan your dream build. With a 4-bedroom septic permit in hand, you're one step closer to making that vision a reality- With the right home plan, the views will be even more amazing! At low tide, a sandbar appears just off your shoreline—perfect for launching kayaks and fishing. Whether you're envisioning a forever home, a vacation retreat, or an investment in the future, this is an amazing piece of real estate. This is the same listing as MLS # 100516545.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
30
BikeSomewhat Bikeable

Schools

10/10
7/10
Charles P Murray MiddleGrades 6-81.5 mi
5/10
Eugene Ashley HighGrades 9-121.7 mi

Construction

Condition

  • Year built: 1958

Materials

  • Foundation: Other,Pilings
  • Roof: Metal
  • Construction materials: Fiber Cement

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • None
  • Fireplace features: None

Heating & Cooling

  • Heating features: Other,Electric
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 504
  • Total interior livable area: 504 sqft

Property

Details

  • Parcel number: R08211001010000
  • Zoning: R-15
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Open,Deck,Porch
  • Fencing: None
  • Has view: Yes
  • View description: ICW,Marsh,Ocean,Sound,Water
  • Has water view: Yes
  • Water view: Marsh,Ocean,Sound,Water
  • On waterfront: Yes
  • Waterfront features: Waterfront,Salt Marsh,Sound Side,Marsh Front,ICW Front,Sound Front
  • Frontage type: Marsh Front,ICW Front,Sound Front
  • Living area range: 400 - 599

Lot

  • Lot size: 0.91 Acres
  • Features: Dead End,Level,Deeded Waterfront,Salt Marsh,Sound Side
  • Lot size dimensions: 162 x 300 x 100 x 362.9

Parking

  • Parking features: Unpaved

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

  • Hurricane
    HurricaneVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Coastal Flooding
Lightning
Winter Weather
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover 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 $11,124$133,488
Home Insurance *$458$5,496
Property Taxes $680$8,160
Electricity $200$2,405
Total$12,462$149,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$427,268/yr
40% on housing$373,860/yr
45% on housing$332,320/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: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$4,365This listing

vs Other Active Listings

Avg $/sqft

ZIP 28409$382
New Hanover County$307

vs Homes Sold Last Month

Median $/sqft

ZIP 28409$251
New Hanover County$260

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)

No zestimate history available

Price History

DateEventPrice
2025-04-24Listed for sale$2,200,000
1978-05-01Sold$10,000

For Sale by Agent

AgentLorri B Shipston
BrokerageIntracoastal Realty

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