Rare opportunity to restore and reimagine a unique waterfront property in Wilmington. Nestled along a peaceful lake, this approximately 2,800-square-foot home offers a setting that is increasingly difficult to find. The property also enjoys additional privacy and open space through ownership of approximately one-half of the adjoining lot, creating the feel of an oversized homesite with a beautiful natural backdrop. The home features 2 bedrooms and 2 full baths, with an existing septic permit for 3 bedrooms. The generous floor plan provides multiple options for redesign, allowing a future owner to maximize both the living space and the property's value. This is a true renovation project and is being offered with that in mind. Aside from the newer roof, the home is ready for a comprehensive update, presenting an outstanding opportunity for investors, renovators, or buyers looking to create their own custom waterfront retreat while building equity. Whether you're searching for your next renovation project, an investment opportunity, or a property to transform into a one-of-a-kind residence, opportunities like this--with a peaceful lakefront setting, added privacy, generous square footage, and tremendous potential--rarely come along.
Single-familyProperty Type
1986Year Built
0.6 acresLot Size
$149Price/Sq.Ft.
$40/moHOA Dues
2 garage spacesParking
Listed by Tidewater Property Group• Intracoastal Realty Corporation
Bought with Jan Roggeman• 1st Class Real Estate Coastal Choice
Est. $3,029 per month, based on comparable rentals
Sale and tax history for 324 Okeechobee Rd
Sale History
Tax History
Date
Event
Price
Hive MLS #100588589
Aug 21, 2026
Sold
$425,000
$149/sq ft
Jul 21, 2026
Contingent
—
Jul 10, 2026
Listed
$425,000
$149/sq ft
Hive MLS #30405079
Mar 5, 2008
Listing Removed
—
Sep 6, 2007
Listed
$119,900
$42/sq ft
Public Records
Aug 1, 2001
Sold
$21,500
$8/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$1,716 (+6.1%)
$164,900 + $275,800
$440,700
2024
$1,617 (+0.4%)
$164,900 + $275,800
$440,700
2023
$1,611 (−0.9%)
$94,900 + $200,500
$295,400
2022
$1,626 (+99.6%)
$94,900 + $200,500
$295,400
2021
$815 (−58.2%)
$94,900 + $200,500
$295,400
2019
$1,949
$75,200 + $233,000
$308,200
2018
$1,949 (−2.3%)
$75,200 + $233,000
$308,200
2017
$1,996 (+14.6%)
$75,200 + $233,000
$308,200
2016
$1,742 (+1.6%)
$75,200 + $233,000
$308,200
2015
$1,715 (+1.7%)
$75,200 + $176,300
$251,500
2014
$1,686
$75,200 + $191,200
$266,400
Public record
Public record
Zoning
Beds
2
Baths
2
Stories
2
Lot width
—
Lot depth
—
Lot size
0.6 Acres
Year renovated
—
Sq. Ft.
2,405
Year built
1986
Style
Single Family Residential
County
New Hanover County
APN
R08112-004-011-000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 23, 2026.
R-15
Residential-15 District
The purpose of the Residential-15 (R-15) District is established to provide lands that accommodate very low to low density residential development that can serve as a transition between very low density residential development patterns and smaller lot, more dense residential areas of the County. District regulations discourage development that substantially interferes with the quiet residential and recreational nature of the district.
Property details
Parking
Parking/Garage Information
# of Parking Spaces Total: 4
Has Garage
Has Attached Garage
# of Garage Spaces: 2
Parking Features: Concrete, Off Street, Garage
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
Heating & Cooling
Has Cooling
Cooling: Central Air, Heat Pump
Heating: Heat Pump, Electric, None
Interior Features
Interior Features: Ceiling Fan(s)
Has Fireplace
# of Fireplaces: 1
Room Information
# of Rooms Total: 8
Basement Details: None
Exterior
Exterior Features
Patio And Porch Features: Deck
Fencing: None
Roof: Shingle
Building Information
Entry Level: 1
Sq. Ft.: 2850.0
Levels: One and One Half
# of Stories Total: 2
Construction Materials: Block, Wood Siding, Frame
Foundation Details: Block
Property Features
On Waterfront
Has View
Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Residence
Property Condition: Fixer
Lot Information
Lot Features: See Remarks
Frontage Type: Lakefront
Road Surface Type: Paved
Road Frontage Type: Private Road
Lot Size : 0.59
Lot Size Dimensions: irregular
Lot Size Area: 0.59
Lot Size Units: Acres
Lot Size Acres: 0.59
Zoning: R-15
Financial
Tax Information
Tax Annual Amount: $1,668.06
Utilities
Utility Information
Water Source: Well
Utilities: Cable Available
Sewer: Septic Tank
Location
HOA Information
Has Homeowners Association
Association Fee: $475
Association Fee Frequency: Annually
Derived Association Fee (Monthly): $39.58
Schools Information
Elementary School: Anderson
Middle Or Junior School: Murray
High School District: New Hanover
High School: Ashley
Location Information
Directions: Follow River Road and turn onto Watauga the main entrance to Ocean Forest Lakes. Follow Watauga to a left onto Okeechobee. Follow to house on right
Subdivision Name: Ocean Forest Lakes
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 2,405
Stories: 2.0
Lot Size: 0.6 acres
Style: Single Family Residential
Year Built: 1986
Year Renovated: —
County: New Hanover County
APN: R08112-004-011-000
Home facts updated by county records on Sep 23, 2026
Other
Listing Information
List AOR: Cape Fear Realtors MLS, Inc.
Around this home
Schools
Edwin A. Anderson Elementary
Public K-5 • Assigned • 0.3mi
10/10
Charles P Murray Middle
Public 6-8 • Assigned • 0.6mi
7/10
Eugene Ashley High
Public 9-12 • Assigned • 0.5mi
5/10
Provided by GreatSchools
Climate risks
3/10 Flood Factor
Estimated 10-14% chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 104° expected this year, 19 days in 30 years
9/10 Wind Factor
99% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Wilmington, NC • 28412
Average low and high temperatures (°F)
53
34
58
39
71
50
77
58
81
65
89
73
91
76
85
72
81
67
75
57
69
50
59
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Wilmington. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.2 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$410,000 – $496,000
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