New Listing
$1,895,000
( $387.05Per Sq Foot )
 $10,173 est/mo Sourced by Back At You

500 Arendell Street,Morehead City, NC 28557

Morehead City, NC 28557

Share:

PreviousNext

Description

The Historic City House was originally constructed as the Tidewater Power Company in 1920 and was often referred to as the Old Well House. So much charm and beauty through this beautifully renovated building, yet still maintaining so much of the original vintage charm. Established Bed & Breakfast is ready for investor to step in at any time with this prime downtown Morehead City location right by the Waterfront. With 4 beautifully furnished units, there are so many possibilities! THE FLAT is the first level and front entry unit and offers 2 bedrooms, 1.5 baths, full kitchen, and a spacious living area. THE RESIDENCE is the largest unit with 2 large bedrooms, 2 full bathrooms, tons of living space, 12'+ ceilings, laundry room, oversized gourmet Kitchen, and rooftop access. The rooftop has a hot tub, and large space for entertaining with views galore of downtown Morehead City Waterfront, Bogue Sound, Sugarloaf Island, Calico Creek, ICW, and more. THE LOFT offers one spacious bedroom suite with full size kitchen and large living room that has 9'+ ceilings. THE CHAMBER offers a more cozy setting with one bedroom suite and more compact kitchen. Be sure to see photos to appreciate the attention to detail throughout. All units can be connected to create one large residence if desired, units are currently closed off for privacy. Ask agent for current website to see current marketing for existing bed and breakfast. This location is tough to beat and truly is a "turn key investment"!!!

Details

MLS #100612016
Listing TypeFor Sale
StyleMulti-Family
Sub-TypeResale
StatusActive
Year1920
Days On Site1
Listing Provided ByRE/MAX Ocean Properties | Meredith & Matt Team Johnson

Features

SQ Feet4,896
Units4
ZoningDB
Acreage0.08
Property ViewICW, Sound, Marina, Water

Interior

Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air, Heat Pump

Exterior

RoofMembrane, Flat
Foundation DetailsBlock, Slab
Lot FeaturesCorner Lot
ViewICW, Sound, Marina, Water
Construction MaterialsBlock, Concrete, Stucco, Wood Siding, Wood Frame

Parking

Attached Garage Yes / NoNo
Garage Yes / NoYes
Parking FeaturesGarage Faces Side, Garage Door Opener, On Street, Garage

Utilities

UtilitiesNatural Gas Available, Sewer Available, Electricity Connected, Underground Utilities, Cable High Speed, Electricity Available, Fiber Optic, High Speed Internet

Taxes

Tax Assessed Value1027988
Tax Book Number0
Tax Legal DescriptionL1 2 B6 MOREHEAD CITY 0.0810 AC
Tax Year2026

Area Information

StateNC
CountyCarteret
CityMorehead City
Zip Code28557
Listing VS Median (in 28557)
Price:
$1,895,000
low | high
Med:
$439,990
100% of Average
sqft:
4,896
low | high
Med:
2,110
100% of Average
$ / sqft:
$387
low | high
Med:
$209
96.124347184534% of Average
On site:
1
low | high
Med:
52
2% of Average
Sourced by Back At You

Market Activity 28557

Request a showing

Request a showing

Contact


Additional Information


Showing Information


Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Coldwell Banker Howard Perry and Walston at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
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.

Contact

Learn More About This Property

StateNC
CountyCarteret
CityMorehead City
Zip Code28557
Listing VS Median (in 28557)
Price:
$1,895,000
low | high
Med:
$439,990
100% of Average
sqft:
4,896
low | high
Med:
2,110
100% of Average
$ / sqft:
$387
low | high
Med:
$209
96.124347184534% of Average
On site:
1
low | high
Med:
52
2% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.421M - $2.368M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
500 Arendell Street Property Photo 1
$1,895,000
500 Arendell Street
Morehead City, NC 28557
Listing Updated: October 22, 2026 at 4:15:09 PM PDT