Morehead City, NC 28557 500 Arendell Street
$1,895,000



76 more












































































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Home Details
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"!!!
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Interior Features for 500 Arendell Street
Bedrooms
Master Bed LevelPrimary Living Area
Total Bedrooms6
Bathrooms
Half Baths1
Total Baths6
Other Interior Features
SmokingYNNo
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesGas Log
Fireplace Y/NYes
FlooringTile, Wood
Furnished Y/NFurnished
Heating Y/NYes
Interior AmenitiesVaulted Ceiling(s), High Ceilings, Entrance Foyer, Solid Surface, Whirlpool, Bookcases, Kitchen Island, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Wet Bar, Built-in Features, Eat-in Kitchen, Gas Log, Tile C
Laundry FeaturesLaundry Room
Total Stories3
Water HeaterElectric
Other Rooms
Entry Level1
Room TypeBathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bathroom 6, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 6, Bedroom 7, Bedroom 8, Dining Area, Living Room, Bathroom 1, Master Bedroom
General for 500 Arendell Street
AppliancesVented Exhaust Fan, Built-In Microwave, Washer, Refrigerator, Dryer, Dishwasher, Electric Range
Attached Garage Yes
Carport Spaces0.0
Carport Y/NNo
CityMorehead City
Construction MaterialsBlock, Concrete, Stucco, Wood Siding, Steel Frame
CoolingCeiling Fan(s), Heat Pump
CountyCarteret
DirectionsProperty is in heart of downtown on corner of Arendell St (Hwy 70) and North 5th St
Elementary SchoolMorehead City Primary
Full Baths5
Garage Spaces2.0
Garage Y/NYes
HOANo
HeatingHeat Pump, Fireplace(s), Electric
High SchoolWest Carteret
High School DistrictCarteret County Public Schools
Home Warranty Y/NNo
In City Limits? (Y/N)Yes
Land Lease Y/NNo
Lease Considered Y/NNo
Legal DescriptionL1 2 B6 MOREHEAD CITY
LevelsThree Or More
Living Area4969.0
Living Area UnitsSquare Feet
Lot Size Square Feet3485.0
Lot Size UnitsAcres
Middle/Junior High SchoolMorehead City
New ConstructionNo
Ok to LeaseOther
Operating Expense0.0
Parcel Number638620814325000
Patio/Porch FeaturesSee Remarks
Pool FeaturesHot Tub
PossessionClose Of Escrow, Subject To Tenant Rights, At Closing
Property Attached Y/NNo
Property ConditionUpdatedRemodeled
Property SubtypeSingle Family Residence
Property TypeResidential
RoofMembrane, Flat
Standard StatusActive
StatusActive
Structure TypeQuadruplex, Steel Frame, Stick Built
Subdivision NameNot In Subdivision
Tax Assessed Value1027988
Tax Year2025
Taxes$5,932
Total Rooms14
UtilitiesNatural Gas Connected, Sewer Connected, Water Connected, Cable High Speed, High Speed Internet
ViewCreek, ICW, Marina, Ocean, Sound, Water, Creek/Stream
Virtual TourClick here
Waterfront FeaturesNone
Year Built1920
ZoningOP
Exterior for 500 Arendell Street
Building Area Total4969.0
Crops Included Y/NNo
Door FeaturesStorm Door(s)
Exterior AmenitiesStorm Doors, See Remarks
Exterior FinishStucco, Wood Siding
FencingNone
Foundation DetailsSlab
Frontage TypeSee Remarks
Horse Y/NNo
Lot Dimensions55x64
Lot FeaturesCorner Lot, Recreation Nearby
Lot Size Acres0.08
Lot Size Area0.08
Parking FeaturesOn Street, Garage Door Opener
Road Frontage TypeCity Street, State Road
SpaNo
Total Parking2.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
Morehead City Middle School
High School
West Carteret High School
Elementary School
Morehead City Primary Elementary School
Beverly Faircloth
Broker ABR, CRS, GRI, RRS

SQFT • 4,969