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$399,900
Property Description
Wake up to water views and walk right onto your boat! Waterfront living in the heart of Morehead City. This 3rd floor, 2 bedroom, 2 full bath condo offers water access on Peletier Creek with direct access to Bogue Sound and the Intracoastal Waterway. Mariner's Cove provides assigned boat slips and boat storage included in the HOA, with slip assignments made by the dock master based on boat size and availability. Enjoy stunning water views from the kitchen, living room, and primary bedroom, along with evening sunsets from your private balcony or the waterfront in-ground pool. The primary suite features an updated en-suite full bath and a walk-in closet. The property also includes a spacious walk-in laundry/tackle room for added convenience, complete with installed wall rod holders. Mariner's Cove is exceptionally well maintained and offers true low-maintenance living in the heart of Morehead City. The proactive HOA has completed numerous capital improvements in recent years, including a new roof (2024), rebuilt waterfront pool with new liner, replacement of cedar siding along the entire waterfront-facing side of the building, enhanced landscaping throughout the community, and parking lot resurfacing (2026). Major exterior components have already been addressed, providing buyers with peace of mind. Conveniently located near shopping, dining, downtown Morehead City, and world-class boating and fishing, this is a rare opportunity for direct boating access in one of the area's most convenient locations. Don't miss this opportunity.
Full Property Details
Full Property Details for 118 Lake Ave #303
General
- Price: $399,900
- HOA FEE: $565/month
- HOA FEE FREQ.: Annually
- Taxes: $1,994 (2025)
- Status: Active
- Type: Condo
- Source: 2253
- MLS ID: 100547523
- Updated: 5/13/2026
- Added to Site: 112 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Walk-in Closet(s), Ceiling Fan(s), Pantry, Walk-in Shower, Blinds/Shades, Walk-In Closet(s)
- Appliances: Washer, Refrigerator, Dryer, Electric Range
- Furnishings: Negotiable
- Flooring: LVT/LVP, Carpet
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
- Primary Bedroom: Primary Living Area
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Roof Maintenance, Waterfront Community, Barbecue, Boat Dock, Boat Slip - Assigned, Community Pool, Dog Park, Flood Insurance, Maintenance Common Areas, Maintenance Grounds, Maintenance Roads, Maintenance Structure, Meeting Room, Pest Control, RV/Boat Storage, Sewer, Sidewalks, Street Lights, Trash, Water, Cable TV
- Pool: Yes
- Pool Description: In Ground
Exterior
- Exterior Features: Gas Grill, Cluster Mailboxes
- Porch/Patio/Deck: Covered, Balcony
Parking
- Parking Features: Parking Lot, Asphalt, On Site
Location
- County: Carteret
- Subdivision: Mariner Cove
- Driving Directions: Arendell St/Hwy 70 East turn right onto Lake Ave, follow to Mariner Cove on the right. Unit 303 is located on the 3rd floor
School Information
- Elementary School: Morehead City Elem
- Middle School: Morehead City
- High School: West Carteret
Community
- Association: Yes
- Assoc. Name: Mariner Cove HOA
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Municipal Sewer, City of Morehead City
- Water: Public
- Utility Description: Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Cedar, Vinyl Siding, Wood Frame
- Roof: Shingle
- Entry Floor Number: 3
- Square Feet: 1,164
- Year Built: 1980
Lot Features
- Frontage: Maintained, City Street, State Road, Paved, Paved
- Lot Features: Boat Slip, Boat Dock, Navigable Water, Water Access Comm, Water Depth 4+
- Zoning: PD
- Fencing (Description): None
Water Features
- Water Front: Yes
- Water Front Desc.: Water Access Comm, Water Depth 4+
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $343.56
- Association Fee: $6,780
- Assoc Fee Freq.: Annually
- Assessment Amount: $334,185
- Tax Amount: $1,994.5
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: U303 BA P1 MARINER'S COVE
- Property ID: 636615730732303
Listed by Keller Williams Crystal Coast, Rhonda Cummings
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Schools
Schools serving 118 Lake Ave #303
School District:Carteret County Schools
| Name | Grades | Distance |
|---|---|---|
Morehead City Primary School 4409 Country Club Road, Morehead City, NC 28557 | PK-3 | 0.3 mi |
Morehead Elementary At Camp Glenn 3316 Arendell Street, Morehead City, NC 28557 | 4-5 | 1.7 mi |
Morehead City Middle School 400 Barbour Road, Morehead City, NC 28557 | 6-8 | 2.2 mi |
West Carteret High School 4700 Country Club Road, Morehead City, NC 28557 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 Lake Ave #303
Date
Details
Price
Change
Source
1/21/2026
Listed
$399,900
97%
MLS
6/28/2017
Sold
$203,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 118 Lake Ave #303
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,994
21%
$334,185
61%
2024
$1,653
136%
$207,360
—
2022
$699
22%
$207,360
—
2019
$573
—
$207,360
15%
2019
$573
—
$180,000
—
2018
$573
—
$180,000
—
2016
$573
3%
$180,000
—
2015
$555
-22%
$180,000
-25%
2013
$711
—
$240,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 Lake Ave #303
118 Lake Avenue #303, Morehead City, NC 28557 (MLS# 100547523) is a Condo property with 2 bedrooms and 2 full bathrooms. 118 Lake Avenue #303 is currently listed for $399,900 and was received on January 21, 2026. Want to learn more about 118 Lake Avenue #303? Do you have questions about finding other Condo real estate for sale in Morehead City? You can browse all Morehead City real estate or contact a Coldwell Banker agent to request more information.