514 Cathay Road

Closed 5/26/26
Closed 5/26/26
2_front exterior
5_front entryway
6_foyer
7_living room
8_living room
9_living room
12_dining area
13_dining area
14_kitchen
15_kitchen
16_kitchen
23_bedroom
24_bedroom
25_bedroom
26_bedroom
27_bathroom
28_bedroom
30_bedroom
31_bathroom
32_hallway
10_room
11_room
17_family room
18_family room
19_family room
20_laundry
21_hallway
22_hallway
29_bedroom
38_back exterior
33_backyard
4_frontyard
34_back exterior
39_back exterior
35_shed
42_back exterior
36_shed
37_backyard
40_back exterior
41_backyard
1_front exterior
3_front exterior
Gallery Image 43
Gallery Image 44
Sold
Last Sold Price
$270,500
3 beds1,408 sqft$192/sqft
514 Cathay Rd, Wilmington, NC 28412
Single FamilyProperty Type
0.30 acresLot Size
1977Year Built
$192/sq ftPrice per sq ft

Description

Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential. This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6...Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential. This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6 years old and an HVAC system replaced in 2019. Enjoy outdoor living with a screened-in patio, storage shed, and a well-maintained yard featuring mature azalea bushes. The property also includes two koi ponds (fish removed), offering a unique landscaping feature or a great opportunity to customize the space to your vision. Additional highlights include a brand-new well pump connected to the sprinkler system. Being sold as-is, this home is full of potential and ready for its next owner to make it their own.
  • Listed by: The Summers Real Estate Team 910.750.4007 info@summersteamnc.com Brokerage DRE #C26008 • Keller Williams Innovate-Wilmington
  • Listed by: Syd L Stich 910.777.2200 Brokerage DRE #C26008 • Keller Williams Innovate-Wilmington
Listing closed: 05/26/2026 12:00 AM • Source: NCRMLS, MLS#: 100569025
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Property Information for 514 Cathay Road

Property Details
  • Taxes: $1,195 / year
  • MLS Type: Residential / Single Family Residence
  • County: New Hanover County
  • Subdivision Name: Monterey Heights
  • View: None
  • Waterfront: No
  • Zoning: R-10
Building Information
  • Stories: 1
  • Year Built: 1977
  • Lot Size: 0.30 AC / 13,242 SF
Summary
Location and General Information
  • Island Or Mainland: Mainland
  • In City Limits: No
  • Secondary Subdivision: N/A
  • Cobra Zone: No
  • Directions: From South College Road (NC-132), head toward the Monkey Junction area. Turn onto Carolina Beach Road (US-421 South). Continue for approximately 1 mile, then turn right onto Cathay Road. Follow Cathay Road into Monterey Heights subdivision. Continue straight and 514 Cathay Rd will be on the right.
  • Latitude: 34
  • Longitude: -78
  • Road Frontage Type: City Street, State Road, Paved
Taxes and HOA
  • Tax Other Assessment Amount Frequency: None
  • Association: No
  • Parcel Number: R07816-003-024-000
  • Tax Book Number: 0
  • Tax Legal Description: Lot 168 Sec 3 Monterey Hgts
  • Tax Map Number: 0
  • Tax Assessed Value: $315,700
  • Tax Year: 2025
School Information
  • Elementary School: Bellamy
  • High School: Ashley
  • High School District: New Hanover
  • Middle Or Junior School: Murray
Parking
  • Attached Garage: No
  • Garage: No
  • Parking Features: On Site, Paved
Property
Lot Information
  • Living Area Range: 1400 - 1599
  • Building Area Total: 1408.0
  • Frontage Type: See Remarks
  • Lot Size Acres: 0.3
  • Lot Size Area: 0.3
  • Lot Size Square Feet: 13242.0
  • Lot Size Dimensions: Irregular
  • Lot Size Units: Acres
  • Living Area: 1408.0
  • Living Area Units: Square Feet
  • Structure Type: Wood Frame, Stick Built
Property and Assessments
  • Deed Book: 6358
  • Deed Page: 1987.0
  • Floor Plans Count: 2
  • Floor Plans Change Timestamp: 04-23-2026 10:38:47 AM
  • New Construction: No
  • Possession: Close Of Escrow, At Closing
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Road Surface Type: Paved
  • Year Built: 1977
  • Permitted Use: Public
Utilities
  • Sewer Provider: Municipal Sewer
  • Utilities: Water Available
  • Water Source: County Water
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Brick Veneer
  • Construction Materials: Brick Veneer, Wood Frame
  • Fencing: None
  • Foundation Details: Slab
  • Patio And Porch Features: None
  • Roof: Shingle
  • Stories Total: 1
Interior Features
  • Bathrooms Total Source: Computed
  • Bathrooms Total Decimal: 2.0
  • Bathrooms Total Notational: 1.1
  • Heating System Fuel Source: Electric
  • Master Bedroom Level: Primary Living Area
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: Central Air
  • Cooling: Yes
  • Entry Level: 1
  • Heating: Yes
  • Heating: Electric, Heat Pump
  • Interior Features: Entrance Foyer, Ceiling Fan(s), See Remarks
  • Levels: One
  • Room Type: Master Bedroom, Bedroom 2, Bedroom 3, Family Room, Other, Living Room, Dining Room, Dining Area, Laundry
  • Rooms Total: 9
Room Information
Room 1
  • Room Length: 117.0
  • Room Width: 258.0
  • Room Type: Family Room
Room 2
  • Room Length: 101.0
  • Room Width: 129.0
  • Room Type: Master Bedroom
Room 3
  • Room Length: 101.0
  • Room Width: 101.0
  • Room Type: Bedroom 2
Room 4
  • Room Length: 99.0
  • Room Width: 101.0
  • Room Type: Kitchen
Room 5
  • Room Length: 100.0
  • Room Width: 93.0
  • Room Type: Other
Room 6
  • Room Length: 72.0
  • Room Width: 59.0
  • Room Type: Laundry
Room 7
  • Room Length: 19.0
  • Room Width: 123.0
  • Room Type: Living Room
Room 8
  • Room Length: 10.0
  • Room Width: 101.0
  • Room Type: Dining Room
Room 9
  • Room Length: 84.0
  • Room Width: 101.0
  • Room Type: Bedroom 3
Agent
Sale and Listing
  • Sold Exclusive: No

Property History for 514 Cathay Road

DateEvent & SourcePriceAppreciation
May 26, 2026

Sold

NCRMLS #100569025

$270,500—
May 22, 2026

Sold (Public Record)

Public Record #1940089590

$270,500—
Apr 26, 2026

Pending

NCRMLS #100569025

—
DateEvent & SourcePrice
05/26/2026

Sold

NCRMLS #100569025

$270,500
05/22/2026

Sold (Public Record)

Public Record #1940089590

$270,500
04/26/2026

Pending

NCRMLS #100569025

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 514 Cathay Road

Taxable ValueLand$126,900Additions$188,800Total$315,700
Tax Record2025$671 ($56 / month)
Home Facts
Beds3Baths1.5Total Finished SqFt1,386 SqFtAbove Grade Finished SqFt1,386 SqFtStories1Lot Size13,242 SqFtStyleSingle Family ResidenceYear Built1977ZoningR-10,RESIDENTCountyNEW HANOVERAPNR07816-003-024-000Fireplace TypeHas Fireplace

Schools near 514 Cathay Road

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Heyward C Bellamy Elementary
Public - K to 5
Charles P Murray Middle
Public - 6 to 8
Eugene Ashley High
Public - 9 to 12
Dr John Codington Elementary
Public - K to 5
Rating
School
Distance
Heyward C Bellamy Elementary
PublicK to 5

Charles P Murray Middle
Public6 to 8

Eugene Ashley High
Public9 to 12

Dr John Codington Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 514 Cathay Road, Wilmington, NC 28412
$270,500
3
1,408
13,242
510 Cathay Road, Wilmington, NC 28412
–
3
1,386
11,543
518 Cathay Road, Wilmington, NC 28412
$117,500
4
1,404
11,892
337 Santa Ana Drive, Wilmington, NC 28412
$255,000
4
1,431
10,019
522 Cathay Road, Wilmington, NC 28412
–
4
3,311
13,939
341 Santa Ana Drive, Wilmington, NC 28412
$92,900
3
1,080
–

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Listing Courtesy of Keller Williams Innovate-Wilmington

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 08/11/2026 11:32 AM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Compass or its subsidiaries, affiliates and their agents and associated third parties shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. © 2026 Hive MLS