* * Investment Opportunity or the Perfect Place to Call Home! * * Built in 2024, this beautifully maintained 3-bedroom, 2-bath home offers modern comfort, low-maintenance living, and outstanding versatility. Whether you're searching for an income-producing investment, a vacation getaway, or your primary residence, this property is ready to fit your lifestyle. Successfully operating as a short-term rental for over a year, this home has a proven rental history while also offering all the features today's buyers want. Inside, you'll find a bright, open-concept floor plan with a spacious living area, a well-appointed kitchen with abundant cabinetry and counter space, and a desirable split-bedroom layout. The private primary suite includes an en-suite bath, while two additional bedrooms and a second full bath provide plenty of space for family, guests, or a home office. Conveniently located in Newport, you're just a short drive from Morehead City, Beaufort, Atlantic Beach, Emerald Isle, MCAS Cherry Point, shopping, dining, boating, and the beautiful Crystal Coast beaches. Enjoy coastal living with the flexibility to make this your full-time residence, weekend escape, or continue its success as an income-producing short-term rental. Whether you're looking to invest or put down roots, this move-in-ready home is an opportunity you won't want to miss. Schedule your private showing today!
Vacant Lot ready for your new home! Close to shopping and beaches! Perfect location for you to build or place your new home. Manufactured homes allowed! There is no active HOA. Schedule your showing today!
Year
Property tax
Land + Additions
Assessment*
2021
$4
$950
2020
$4 (−26.3%)
$950
2019
$6
$950
2018
$6 (+5.3%)
$1,386
2017
$5 (−96.4%)
$1,386
2016
$148 (+9.6%)
$33,936 + $1,133
$35,069
2013
$135
$32,256 + $1,256
$33,512
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
120 ft.
Lot depth
110 ft.
Lot size
871 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Vacant Land
County
Carteret County
APN
633815744294000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
R-20
Low To Moderate-Density Residential District
A single-family residential district established to maintain a density of approximately two dwelling units per acre.
Climate risks
10/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
4/10 Fire Factor
2% chance of being in a wildfire in next 30 years
9/10 Heat Factor
7 days above 103° expected this year, 21 days in 30 years
8/10 Wind Factor
99% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Newport, NC • 28570
Average low and high temperatures (°F)
52
31
56
36
68
47
75
55
79
62
87
70
89
75
85
69
82
67
73
55
67
46
57
36
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 202 Gray Rd
$269,714
$4,286 under list price of $274K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $215K to $360K.