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$299,900
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Property Description
Welcome to your coastal retreat in ''Fisherman's Paradise'' where sun, sand, and water await! Ideally located in the heart of Morehead City, this home is conveniently situated just minutes from Carteret Health Care for quick, easy access to medical assistance; the Morehead City Waterfront for dining, shopping, and entertainment; Big Rock Stadium for Marlins' games and local events; the Sports Center; the Morehead City Country Club for golfing and amenities; Bogue Sound beach accesses, boat ramps, and kayak launches; Swinson and Shevans Parks for exercise and play; and Atlantic Beach and Fort Macon State Park for days of fun in the sun. When it's time to retreat from it all, this impressive first-floor condo offers three bedrooms and two full bathrooms for easy, low-maintenance Crystal Coast living. This furnished, move-in-ready unit has LVP floors throughout the spacious primary living/dining area, which is accented by fresh paint, plentiful natural light, high ceilings, and a tiled gas fireplace. In addition to these features, this home has new Anderson Windows and Gliding Patio Doors throughout for added efficiency and style. The kitchen is equipped with stainless steel appliances, a large pantry, and a pass-through that could be used as a breakfast bar. What's more, the spacious primary bedroom overlooks the community retention pond and has en suite that includes a walk-in closet, as well as both a stand-up shower and a soaker tub. With a split floor plan, the secondary bedrooms and additional full bathroom are separate from the primary, providing further privacy and convenience. Extending your living outside, the covered, enclosed patio, with a storage closet, is ideal for relaxing or entertaining family and friends while taking in the coastal breezes. This rarely available opportunity is perfect as a primary residence, a secondary getaway, or an income-producing rental, so don't let this Morehead City ''catch of the day'' slip away!
Full Property Details
Full Property Details for 402 Penny Ln #D
General
- Price: $299,900
- HOA FEE: $430/month
- HOA FEE FREQ.: Annually
- Taxes: $1,460 (2025)
- Status: Active
- Type: Condo
- Source: 2253
- MLS ID: 100586810
- Updated: 8/1/2026
- Added to Site: 38 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Master Downstairs, Walk-in Closet(s), High Ceilings, Whirlpool, Ceiling Fan(s), Furnished, Pantry, Reverse Floor Plan, Walk-in Shower, Blinds/Shades, Walk-In Closet(s)
- Appliances: Built-In Microwave, Washer, Refrigerator, Dryer, Double Oven, Disposal, Dishwasher, Electric Range, Water Purifier
- Furnished: Yes
- Furnishings: Furnished
- Flooring: LVT/LVP, Carpet, Tile, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Primary Living Area
Other Rooms
- Laundry: Dryer Hookup, Washer Hookup, Laundry Room
Additional Information
- Shared Amenities: Roof Maintenance, Elevator(s), Maintenance Common Areas, Maintenance Grounds, Maintenance Structure, Management, Master Insure, Pest Control, Street Lights, Trash
Exterior
- Porch/Patio/Deck: Covered, Patio, Screened
Parking
- Parking Features: Parking Lot, Asphalt, Lighted, On Site, Paved
Location
- County: Carteret
- Subdivision: Madisen Park
- Driving Directions: From Bridges St, turn onto Penny Ln. Continue past the medical complexes, and ''Madisen Park'' will be on your right. From the main entry of Building 402, the unit is on the first floor to the far right.
School Information
- Elementary School: Morehead City Primary
- Middle School: Morehead City
- High School: West Carteret
Community
- Association: Yes
- Assoc. Name: Madisen Court, COA
Heating & Cooling
- Cooling Type: Heat Pump
- Heating Type: Propane, Heat Pump, Fireplace(s), Electric
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: Brick Veneer, Vinyl Siding, Wood Frame
- Roof: Shingle
- Entry Floor Number: 1
- Square Feet: 1,465
- Year Built: 1999
Lot Features
- Frontage: Maintained, City Street, State Road, Paved, Paved
- Zoning: Residential
- Fencing (Description): None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $204.71
- Association Fee: $5,160
- Assoc Fee Freq.: Annually
- Assessment Amount: $240,102
- Tax Amount: $1,460.58
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Unit D, Building 2003, Madisen Condominium
- Property ID: 63761434813900d
Listed by eXp Realty, The Star Team
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Schools
Schools serving 402 Penny Ln #D
School District:Carteret County Schools
| Name | Grades | Distance |
|---|---|---|
Morehead Elementary At Camp Glenn 3316 Arendell Street, Morehead City, NC 28557 | 4-5 | 0.5 mi |
Morehead City Primary School 4409 Country Club Road, Morehead City, NC 28557 | PK-3 | 1.2 mi |
Morehead City Middle School 400 Barbour Road, Morehead City, NC 28557 | 6-8 | 0.9 mi |
West Carteret High School 4700 Country Club Road, Morehead City, NC 28557 | 9-12 | 1.8 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 402 Penny Ln #D
Date
Details
Price
Change
Source
7/06/2026
Listed
$299,900
17.15%
MLS
5/15/2024
Sold
$256,000
—
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 402 Penny Ln #D
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,461
70%
$240,102
137%
2024
$857
146%
$101,200
—
2022
$349
25%
$101,200
—
2019
$280
—
$101,200
18%
2017
$280
—
$85,500
—
2016
$280
—
$85,500
—
2019
$280
3%
$85,500
—
2015
$272
-40%
$85,500
-42%
2014
$456
3%
$147,000
—
2013
$441
—
$147,000
—
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 402 Penny Ln #D
402 Penny Lane #D, Morehead City, NC 28557 (MLS# 100586810) is a Condo property with 3 bedrooms and 2 full bathrooms. 402 Penny Lane #D is currently listed for $299,900 and was received on July 06, 2026. Want to learn more about 402 Penny Lane #D? 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.
