Date
Details
Price
Change
Source
4/23/2026
Listed
$265,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
$265,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/42
Property Description
Attention investors and handy people! Solid brick ranch outside city limits with no HOA, ready for your vision. This property needs primarily cosmetic updates, making it a great candidate for a quick flip or a value-add project with strong sweat equity potential. This charming 3-bedroom, 1.5-bath home sits on a spacious 0.30-acre lot and is just a short drive to Carolina Beach, giving you the perfect blend of everyday comfort and coastal convenience. Major updates include a roof approximately 5-6 years old and an HVAC system replaced in 2019. Enjoy outdoor living with a screened-in patio, storage shed, and a well-maintained yard featuring mature azalea bushes. The property also includes two koi ponds (fish removed), offering a unique landscaping feature or a great opportunity to customize the space to your vision. Additional highlights include a brand-new well pump connected to the sprinkler system. Being sold as-is, this home is full of potential and ready for its next owner to make it their own.
Full Property Details
Full Property Details for 514 Cathay Rd
General
- Price: $265,000
- Taxes: $1,194 (2025)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100569025
- Updated: 5/13/2026
- Added to Site: 21 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Entrance Foyer, Ceiling Fan(s), See Remarks61
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Primary Living Area
Exterior
- Porch/Patio/Deck: None
Parking
- Parking Features: On Site, Paved
Location
- County: New Hanover
- Subdivision: Monterey Heights
- Driving Directions: From South College Road (NC-132), head toward the Monkey Junction area. Turn onto Carolina Beach Road (US-421 South). Continue for approximately 1 mile, then turn right onto Cathay Road. Follow Cathay Road into Monterey Heights subdivision. Continue straight and 514 Cathay Rd will be on the right.
School Information
- High School District: New Hanover
- Elementary School: Bellamy
- Middle School: Murray
- High School: Ashley
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Municipal Sewer
- Water: County Water
- Utility Description: Water Available
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Brick Veneer, Wood Frame
- Roof: Shingle
- Entry Floor Number: 1
- Square Feet: 1,408
- Year Built: 1977
Lot Features
- Lot Size (Acres): 0.3
- Lot Size (Sq. Ft.): 13,242
- Lot Dimensions: Irregular
- Frontage: City Street, State Road, Paved, Paved
- Zoning: R-10
- Fencing (Description): None
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $188.21
- Assessment Amount: $315,700
- Tax Amount: $1,194.93
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Lot 168 Sec 3 Monterey Hgts
- Property ID: R07816-003-024-000
Listed by Keller Williams Innovate-Wilmington, The Summers Real Estate Team and Keller Williams Innovate-Wilmington, Syd L Stich
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 514 Cathay Rd —
The Summers Real Estate Team
Keller Williams Innovate-Wilmington
Syd L Stich
Keller Williams Innovate-Wilmington
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 514 Cathay Rd
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Heyward C Bellamy Elementary 70 Sanders Road, Wilmington, NC 28412 | K-5 | 0.9 mi |
Charles P Murray Middle 655 Halyburton Memorial Parkway, Wilmington, NC 28412 | 6-8 | 0.8 mi |
Eugene Ashley High 555 Halyburton Memorial Parkway, Wilmington, NC 28412 | 9-12 | 0.7 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 514 Cathay Rd
Tax History
Tax History for 514 Cathay Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$671
24%
$315,700
76%
2024
$542
1%
$179,200
—
2023
$536
7%
$179,200
—
2021
$503
-7%
$179,200
—
2022
$540
7%
$179,200
30%
2021
$503
15%
$138,000
—
2018
$436
-2%
$138,000
—
2017
$447
17%
$138,000
26%
2016
$381
-13%
$109,900
-20%
2019
$436
23%
$138,000
26%
2015
$354
2%
$109,900
—
2013
$348
—
$109,900
—
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 514 Cathay Rd
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 1 hour ago
- 2Beds
- 2Total Baths
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 5 hours ago
- 3Beds
- 2Total Baths
- Condo
- Active
- Updated 11 hours ago
- 2Beds
- 2Total Baths
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Townhouse
- Closed
- Updated 8 hours ago
- 4Beds
- 2Total Baths
- Townhouse
- Closed
- Updated 8 hours ago
- 4Beds
- 2Total Baths
514 Cathay Road, Wilmington, NC 28412 (MLS# 100569025) is a Single Family property with 3 bedrooms, 1 full bathroom and 1 partial bathroom. 514 Cathay Road is currently listed for $265,000 and was received on April 23, 2026. Want to learn more about 514 Cathay Road? Do you have questions about finding other Single Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.