$299,900
3 bd · 2 ba · 1,465 sq ft
402 Penny Lane D
Morehead City, NC, 28557 · Madisen Park
Listed 81 days ago
Listed by eXp Realty
Virtual tour
About this home
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!
Facts
- Type
- Condominium
- Year built
- 1999
- HOA
- $5,160 / annually
- Community
- Madisen Park
- County
- Carteret
- MLS #
- 100586810
Features
Inside
- 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)
- LVT/LVP
- Carpet
- Tile
- Vinyl
- Built-In Microwave
Outside
- Pond
Community
- Roof Maintenance
- Elevator(s)
- Maintenance Common Areas
- Maintenance Grounds
- Maintenance Structure
- Management
- Master Insure
- Pest Control
- Street Lights
- Trash
Parking
- Parking Lot
- Asphalt
- Lighted
- On Site
- Paved
Heating & cooling
- Propane
- Heat Pump
- Fireplace(s)
- Electric
Schools
- Elementary
- Morehead City Primary
- Middle
- Morehead City
- High
- West Carteret
As listed in the MLS. School assignments can change — confirm with the district for this address.
Monthly payment estimate
$2,353/mo
- Principal & interest (30-yr fixed)$1,801
- Property taxes (2025 bill)$122
- HOA dues$430
Estimate only. Rate is the national 30-year average (7.03% as of Sep 24, 2026, Freddie Mac); your rate depends on your lender. Homeowners and flood insurance aren't included — on the coast they vary a lot by house, so get a quote early.
Recent sales like this nearby
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 303 Barbour Road 701, Morehead City | Sep 15, 2026 | 3 / 2 | 1,190 | $275,000 | $231 |
| 303 Barbour Road 1004, Morehead City | Jun 17, 2026 | 3 / 2 | 1,192 | $199,900 | $168 |
Similar size and type, sold in the last 6 months. From Hive MLS records; deemed reliable, not guaranteed.
Buying in Morehead City? Local guides
- How Much Are Property Taxes in Wilmington and the NC Coast? (2026-27)County and town property tax rates for New Hanover, Brunswick, Pender, Onslow and Duplin, what they cost on a $400,000 home, the 2027 revaluations to plan for, and tax relief you may qualify for.
- One-Story and Primary-on-Main Homes on the Southeastern NC CoastWhere the one-level homes are from Wilmington to Calabash, what they cost town by town, and what to check before you buy — from current MLS listings.
About 402 Penny Lane D
402 Penny Lane D is a 3-bedroom, 2-bath condo of about 1,465 square feet, built in 1999 in Madisen Park, Morehead City, Carteret County, NC 28557.
At $299,900, it's 32% below the median asking price ($443,900) of the 52 other 3-bedroom listings for sale in Morehead City today.
That's about $205 per square foot, compared with a Morehead City median of $239.
1 other home is for sale in Madisen Park right now (median asking $279,000).
Across ZIP 28557, 154 3-bedroom homes sold in the past year at a median of $392,500.
It has been on the market for 82 days.
Madisen Park neighborhood guideHomes for sale in Morehead CityCarteret County homes
Buying 402 Penny Lane D
- See it in person. Pick a time and we'll call to confirm — often same day.
- Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written.
- Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works
Own a home near 402 Penny Lane D? See what it's worth — every online estimate side by side, next to real sales in Madisen Park.
What's my home worth? →Questions about 402 Penny Lane D
How much is 402 Penny Lane D?
402 Penny Lane D is listed at $299,900 (about $205 per square foot) as of September 26, 2026. Status: for sale.
How many bedrooms and bathrooms does 402 Penny Lane D have?
3 bedrooms and 2 bathrooms, with about 1,465 square feet.
What neighborhood is 402 Penny Lane D in?
Madisen Park, in Morehead City, Carteret County, North Carolina.
How long has 402 Penny Lane D been on the market?
82 days.
Does 402 Penny Lane D have an HOA fee?
Yes: $5,160 (annually), per the MLS.
When was 402 Penny Lane D built?
1999.
Who is the listing broker for 402 Penny Lane D?
eXp Realty (MLS #100586810). The Buddy Blake Team can show it to you and answer questions.
Can I tour 402 Penny Lane D?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.