Sold
Last Sold Price
4 beds8,000 sqft$44/sqft
723 Cathay Rd, Wilmington, NC 28412
Single FamilyProperty Type
10.5 acresLot Size
1971Year Built
$44/sq ftPrice per sq ft
5 carsParking Spaces

Description

Large home located on very rare 10.5 ac tract. Has many mature trees. Has guest home on property. Could be used for religious retreat of personal estate. 8000 sq ft of living space, in ground pool with cabana. Consists of 2 houses, cabana at pool and a detached 3 car garage.Large home located on very rare 10.5 ac tract. Has many mature trees. Has guest home on property. Could be used for religious retreat of personal estate. 8000 sq ft of living space, in ground pool with cabana. Consists of 2 houses, cabana at pool and a detached 3 car garage.
  • Listed by: Phil P Rawls 910.512.5099 wprawls@comcast.net Brokerage DRE #C2062 • Intracoastal Realty Corp
Listing closed: 04/21/2014 12:00 AM • Source: NCRMLS, MLS#: 30471906

Recent comparable sales

Median sold price

$397,000

Avg days on market

45

Sale-to-list ratio

97.0%

Wilmington, NC

9 comparable properties found

$310,000 | 633 Walston Drive, Wilmington, NC 28412
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1

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4
Bedrooms
1,726
Square Feet
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Acres
$390,000 | 637 Hillside Drive, Wilmington, NC 28412
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2

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Sold 08/13/25

4
Bedrooms
2,422
Square Feet
0.17
Acres
$391,000 | 661 Hillside Drive, Wilmington, NC 28412
1/24
3

$391,000

Sold 03/14/25

4
Bedrooms
1,716
Square Feet
0.18
Acres
$397,000 | 657 Hillside Drive, Wilmington, NC 28412
1/49
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Sold 03/07/25

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Square Feet
0.17
Acres
$402,500 | 658 Castine Way, Wilmington, NC 28412
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Acres
$369,500 | 1001 Windgate Drive, Wilmington, NC 28412
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Sold 07/10/25

4
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1,636
Square Feet
0.33
Acres
$411,000 | 651 Castine Way, Wilmington, NC 28412
1/20
7

$411,000

Sold 09/20/24

4
Bedrooms
1,866
Square Feet
0.18
Acres
$410,000 | 420 Passage Gate Way, Wilmington, NC 28412
1/41
8

$410,000

Sold 06/30/25

4
Bedrooms
1,886
Square Feet
0.31
Acres
$417,250 | 320 Passage Gate Way, Wilmington, NC 28412
1/39
9

$417,250

Sold 05/15/25

4
Bedrooms
1,663
Square Feet
0.23
Acres

Location

Listing Courtesy of Intracoastal Realty Corp

Sold By David Greer & Associates

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$1,779 per month

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Principal and Interest

$1,779

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Property Information for 723 Cathay Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Zoning: R-15
Building Information
  • Stories: 1
  • Year Built: 1971
  • Lot Size: 10.50 AC / 457,380 SF
Summary
Location and General Information
  • Island Or Mainland: Mainland
  • Directions: River Road South to entrance to left.
  • Road Frontage Type: Private Road, Paved
Taxes and HOA
  • Tax Other Assessment Amount Frequency: None
  • Association: No
  • Parcel Number: 312315.62.7709.000
  • Tax Legal Description: 10.5 acres ADJ LEE SAMUEL FEDERAL POINT
  • Tax Assessed Value: $1,678,100
School Information
  • Elementary School: Anderson
  • High School District: New Hanover
Parking
  • Detached Garage Spaces: 2.0
  • Attached Garage Spaces: 3.0
  • Attached Garage: No
  • Garage Spaces: 5.0
  • Other Parking: Lghtd
  • Parking Total: 5.0
  • Parking Features: Carport, Lighted, Paved
Property
Lot Information
  • Building Area Total: 8000.0
  • Lot Size Acres: 10.5
  • Lot Size Area: 10.5
  • Lot Size Square Feet: 457380.0
  • Lot Features: Corner Lot
  • Lot Size Dimensions: Irregular
  • Lot Size Units: Acres
  • Living Area: 8000.0
  • Living Area Units: Square Feet
Property and Assessments
  • Deed Book: 9903
  • Deed Page: 1503.0
  • Home Warranty Company: Home Trust
  • New Construction: No
  • Possession: Close Of Escrow, At Closing
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Road Surface Type: Paved
  • Year Built: 1971
  • Permitted Use: Public
Utilities
  • Sewer Provider: Septic Tank, Existing Septic System
  • Electric Provider: Duke Energy
  • Water Provider: Existing Well
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Exterior Finish: Brick
  • Construction Materials: Brick
  • Fencing: Chain Link
  • Foundation Details: Permanent
  • Patio And Porch Features: Patio
  • Pool Features: In Ground
  • Roof: Shingle
  • Security Features: Security System
  • Stories: 1
Interior Features
  • Bathrooms Total Source: Computed
  • Bathrooms Total Decimal: 8.0
  • Bathrooms Total Notational: 6.2
  • Attic Features: Pull-Down Stairs
  • Pool Spa Features: In Ground
  • Heating System Fuel Source: Electric
  • Dining Room Type: Formal
  • Master Bedroom Level: Primary Living Area
  • Appliances: Built-In Microwave, Washer, Dryer, Dishwasher
  • Bathrooms Full: 6
  • Bathrooms Half: 2
  • Bathrooms Total Integer: 8
  • Bedrooms Total: 4
  • Basement: None
  • Cooling: Central Air
  • Cooling: Yes
  • Flooring: Carpet, Tile, Wood
  • Heating: Yes
  • Heating: Electric, Forced Air
  • Levels: One
  • Room Type: Dining Room, Living Room, Dining Area, Master Bedroom, Bedroom 1, Bedroom 2, Bedroom 3
  • Rooms Total: 7
Room Information
Room 1
  • Room Level: First
  • Room Description: 22x11 Level: Down- 1st Floor
  • Room Length: 22.0
  • Room Width: 11.0
  • Room Type: Dining Room
Room 2
  • Room Level: First
  • Room Description: 13x11 Level: Down- 1st Floor
  • Room Length: 13.0
  • Room Width: 11.0
  • Room Type: Bedroom 1
Room 3
  • Room Level: First
  • Room Description: 11x12 Level: Down- 1st Floor
  • Room Length: 11.0
  • Room Width: 12.0
  • Room Type: Bedroom 2
Room 4
  • Room Level: First
  • Room Description: 21x14 Level: Down- 1st Floor
  • Room Length: 21.0
  • Room Width: 14.0
  • Room Type: Kitchen
Room 5
  • Room Level: First
  • Room Description: 13x11 Level: Down- 1st Floor
  • Room Length: 13.0
  • Room Width: 11.0
  • Room Type: Bedroom 3
Room 6
  • Room Level: First
  • Room Description: 17x13 Level: Down- 1st Floor
  • Room Length: 17.0
  • Room Width: 13.0
  • Room Type: Master Bedroom
Room 7
  • Room Level: First
  • Room Description: 19x10 Level: Down- 1st Floor
  • Room Length: 19.0
  • Room Width: 10.0
  • Room Type: Living Room
Mobile Home
Mobile Home Information
  • Home Warranty: Yes

Property History for 723 Cathay Road

DateEvent & SourcePriceAppreciation
Apr 21, 2014

Sold

NCRMLS #30471906

$350,000
Oct 17, 2013

Pending

NCRMLS #30471906

Jan 23, 2012

Listed (Active)

NCRMLS #30471906

$2,495,000
DateEvent & SourcePrice
04/21/2014

Sold

NCRMLS #30471906

$350,000
10/17/2013

Pending

NCRMLS #30471906

01/23/2012

Listed (Active)

NCRMLS #30471906

$2,495,000

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

Schools near 723 Cathay Road

This home is within New Hanover County School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Edwin A. Anderson 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: 723 Cathay Road, Wilmington, NC 28412
$350,000
4
8,000
457,380
$293,250
4
1,830
7,802
$278,100
3
2,221
7,841
$295,020
4
3,140
7,841
$293,080
3
2,221
7,841
$419,000
3
2,140
7,275

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Listing Courtesy of Intracoastal Realty Corp

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 12/02/2025 01:56 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