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500 Arendell Street, Morehead City, NC 28557

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For Sale

$1,750,000

3 beds • 3 baths • 1 half baths • 5,540 sqft

Estimated Payment

$ 9,212 /mo. †

6.76% APR for 30 yrs.
$1,462 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $315.88
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Downton Morehead City Bed & Breakfast, On the Crystal Coast with Panoramic Water Views and Unlimited Possibilities for Expansion... This is a unique opportunity to acquire a solid income-producing building, originally built in 1904, as the ''Tide Water and Power Building''. Redesigned, re-engineered, repurposed, meticulously restored, and rebuilt since 2004, as a ''Fortified Structure'' (capable of withstanding a CAT 5 Forces). The building has been engineered and built for multiple floor additions up to 70 ft, with 5 more rental units and event space already planned. The building has two, 2 car garages for off-street parking, as well as ample street parking on two sides. There are three residential living spaces within the building making it the perfect owner-occupied Bed & Breakfast opportunity. The rental and event income possibilities are extensive. Location - Location - Location on the corner of N 5th Street and Arendell St. (Hwy 70 West), overlooking the historic waterfront Business District, and within walking distance to some of the best premier restaurants, bars, shops, boutiques, and the famous fishing fleets of the Crystal Coast. Downtown Morehead City is a vibrant destination that offers something for everyone. From its charming streets lined with unique shops and boutiques to its picturesque waterfront, there are plenty of reasons to visit, experience, enjoy living, and doing business in the magic of a growing Downtown Morehead City.
MLS# 100486161

Courtesy Of Keller Williams Realty

(252) 637-2010

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Deck
  • Appliances
    Dishwasher, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick, Concrete, Stone, Stucco
  • Floor Covering
    Concrete, Tile, Wood
  • Heating System
    Forced Air, Heat Pump
  • Lot Size
    0.08 Acres
  • Roof Type
    Membrane
  • View Type
    Marina, Ocean, Water

Map and Directions

Directions to 500 Arendell Street, Morehead City, NC 28557

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CENTURY 21 Coastal Advantage

(252) 240-2100
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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $9,090
  • Property Taxes
    $121
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $9,212

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Morehead City Primary School

Grades PK-3 Public School

Morehead City, NC 28557 4 miles
4409 country club rd

520 total students
11:1 Student teacher ratio

School Rating: B+

School Details

Morehead City Elementary School At Camp Glenn

Grades 4-5 Public School

Morehead City, NC 28557 2.3 miles
3316 arendell st

259 total students
13:1 Student teacher ratio

School Rating: C+

School Details

Morehead City Middle School

Grades 6-8 Public School

Morehead City, NC 28557 2 miles
400 barbour rd

443 total students
13:1 Student teacher ratio

School Rating: B+

School Details

West Carteret High School

Grades 9-12 Public School

Morehead City, NC 28557 4.5 miles
4700 country club rd

1087 total students
15:1 Student teacher ratio

School Rating: B-

School Details
Other Nearby Schools Distance Type Grades School Rating
St Egbert Catholic School 1 miles Private PK-6
A Sea Of Learning 1.6 miles Private KG-6
Marine Science & Tech. Early College High School 2.8 miles Public 10-11 A+
Beaufort Elementary School 3.6 miles Public PK-5 B+
Beaufort Middle School 3.7 miles Public 6-8 C+
Tiller School 4.3 miles Public KG-5 C-
Bridges School 4.8 miles Public KG-12
East Carteret High School 6 miles Public 9-12 B+

St Egbert Catholic School

Distance: 1 miles

Type Private

Grades: PK-6

A Sea Of Learning

Distance: 1.6 miles

Type Private

Grades: KG-6

Marine Science & Tech. Early College High School

Distance: 2.8 miles

Type Public

Grades: 10-11

A+

Beaufort Elementary School

Distance: 3.6 miles

Type Public

Grades: PK-5

B+

Beaufort Middle School

Distance: 3.7 miles

Type Public

Grades: 6-8

C+

Tiller School

Distance: 4.3 miles

Type Public

Grades: KG-5

C-

Bridges School

Distance: 4.8 miles

Type Public

Grades: KG-12

East Carteret High School

Distance: 6 miles

Type Public

Grades: 9-12

B+

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Morehead City, NC 28557

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Morehead City, NC 28557

This community’s employment is highest in the food and sales industries. The area’s overall household expenses are above the national average.

87° July
Hottest Average Month
36° January
Coldest Average Month
7,345 Total Households in Area
3.2% Increase in population since the year 2010
21.3%
of households
have children
20 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Morehead City, NC 28557

Morehead City, NC 28557 has a population of 15,528 people in 7,345 households with a median age of 50.2 years old.

3.2%
Increase in population
since the year 2010
Population is Trending up
7,037
Total households as of 2010
3.9%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 50.2 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 82%
Hispanic 6%
Black 6%
Other 4%
Asian 1%
Native American <1%
The most prevalent ethnicity is White at 82%, followed by Hispanic at 6%, Black at 6%, and Other at 4%.

Economics
for Morehead City, NC 28557

626 /sq mi
Population Density
$67,020 /yr
Median Household Income
$396,000
Median Sales Price
20 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 16.35% of the households.

Transportation to Work

  • Drive 90%
  • Work from Home 7%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 4,511 51%
Rented 2,834 32%
Vacant 1,483 17%

White vs Blue Collar Jobs







White Collar 77%
Blue Collar 23%

Family & Education Facts
for Morehead City, NC 28557

50.2 Median Age

Average Household Size

2.1
persons per
household

43.2%

Married Households

Community Population By Education

Some College 25%
Bachelors Degree 23%
High School Graduate 19%
Graduate Degree 14%
Associates Degree 12%
Some High School 7%
Of the total people surveyed, the most prevalent educational attainment level is Some College, representing 24.52% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21.3% of households have children

Weather
for Morehead City, NC 28557

The weather for this area ranges from a high of 87° F in July to a low of 36° F in January

87° July
Hottest Average Month
36° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
36°
55°
Feb
38°
57°
Mar
43°
63°
Apr
52°
71°
May
60°
78°
Jun
68°
84°
Jul
72°
87°
Aug
72°
87°
Sep
67°
83°
Oct
56°
75°
Nov
46°
66°
Dec
39°
58°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Hive MLS / Neuse River Region Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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