$270,500
Sold May 26, 2026
3 bd · 2 ba · 1,408 sq ft
514 Cathay Road
Wilmington, NC, 28412 · Monterey Heights
Listed by Keller Williams Innovate-Wilmington
Sale details
- Sold price
- $270,500
- Sold on
- May 26, 2026
- First listed at
- $265,000
- Sold vs. first asking
- 102.1%
- Days on market
- 2
Own a home near 514 Cathay Road? See what it would sell for today — from what actually closed around you.
What's my home worth? →About this home
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.
Facts
- Type
- Single Family Residence
- Year built
- 1977
- Lot
- 0.3 acres
- Community
- Monterey Heights
- County
- New Hanover
- MLS #
- 100569025
Features
Inside
- Entrance Foyer
- Ceiling Fan(s)
Outside
- None
Parking
- On Site
- Paved
Heating & cooling
- Electric
- Heat Pump
- Central Air
Schools
- Elementary
- Bellamy
- Middle
- Murray
- High
- Ashley
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
About 514 Cathay Road
514 Cathay Road is a 3-bedroom, 2-bath home of about 1,408 square feet, built in 1977, on 0.3 acres in Monterey Heights, Wilmington, New Hanover County, NC 28412.
At $265,000, it's 35% below the median asking price ($409,000) of the 440 other 3-bedroom listings for sale in Wilmington today.
That's about $188 per square foot, compared with a Wilmington median of $262.
1 other home is for sale in Monterey Heights right now (median asking $299,000); 12 homes sold there in the last 12 months at a median of $286,000, typically in about 60 days.
Across ZIP 28412, 556 3-bedroom homes sold in the past year at a median of $392,000.
Monterey Heights neighborhood guideHomes for sale in WilmingtonNew Hanover County homes
Own a home near 514 Cathay Road? See what it's worth — every online estimate side by side, next to real sales in Monterey Heights.
What's my home worth? →Questions about 514 Cathay Road
How much is 514 Cathay Road?
514 Cathay Road is listed at $265,000 (about $188 per square foot) as of September 23, 2026. Status: closed.
How many bedrooms and bathrooms does 514 Cathay Road have?
3 bedrooms and 2 bathrooms, with about 1,408 square feet.
What neighborhood is 514 Cathay Road in?
Monterey Heights, in Wilmington, New Hanover County, North Carolina.
What have homes sold for in Monterey Heights?
12 homes sold in Monterey Heights in the last 12 months, at a median price of $286,000.
When was 514 Cathay Road built?
1977.
Who is the listing broker for 514 Cathay Road?
Keller Williams Innovate-Wilmington (MLS #100569025). The Buddy Blake Team can show it to you and answer questions.