Discover the potential at 506 Old Mill Rd — a property offering solid investment value in a growing area just minutes from downtown Wilmington, the airport, and major employers. Whether you're seeking a long-term rental, short-term Airbnb, or renovation project, this property offers flexibility and room to increase equity. Enjoy the benefits of a quiet rural setting with convenient access to beaches, shopping, and I-140 for easy commuting. With rising demand in Castle Hayne and limited inventory, this is a prime opportunity to expand your portfolio in one of the region's fastest-growing markets.
Sold for $285,000
$285,000
506 Old Mill Road, Castle Hayne, NC 28429
3beds
1,404sqft
Single Family Residence
Built in 1984
0.3 Acres Lot
$286,400 Zestimate®
$203/sqft
$1,981 Estimated rent
Home value
$286,400
$269,000 - $304,000
$1,981/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: January 22, 2026 at 05:54am
Listed by:
Wayne D Bigg 910-264-4921,
BlueCoast Realty Corporation
Bought with:
McKenzie C Taylor, 332009
Intracoastal Realty Corp
Source: Hive MLS,MLS#: 100536599
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: First
Bedroom 2
- Level: Second
Bedroom 2
- Level: Second
Bedroom 3
- Level: Second
Bathroom 1
- Level: First
Heating
- Heat Pump, Electric, Forced Air
Cooling
- Heat Pump
Features
- None
Interior area
- Total structure area: 1,404
- Total interior livable area: 1,404 sqft
Property
Parking
- Parking features: Off Street, Paved
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Covered, Patio, Screened
- Fencing: Back Yard,Wood
Lot
- Size: 0.30 Acres
- Dimensions: 100 x 157 x 70 x 156
Details
- Additional structures: Shed(s)
- Parcel number: R02520004023000
- Zoning: R-10
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Vinyl Siding
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Castle Hayne
- Subdivision: Runnymeade
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 11/24/2025 | Sold | $285,000-5%$203/sqft |
Source:  Hive MLS #100536599 Report a problem | ||
| 10/21/2025 | Contingent | $299,999$214/sqft |
Source: Hive MLS #100536599 Report a problem | ||
| 10/16/2025 | Listed for sale | $299,999$214/sqft |
Source: Hive MLS #100536599 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,122 +9.5% | $277,000 +52.1% |
| 2024 | $1,025 +0.6% | $182,100 |
| 2023 | $1,019 -0.9% | $182,100 |
Find assessor info on the county website
Neighborhood: 28429
Nearby schools
GreatSchools rating
- 3/10Wrightsboro ElementaryGrades: PK-5Distance: 0.7 mi
- 9/10Holly Shelter Middle SchoolGrades: 6-8Distance: 3.6 mi
- 3/10New Hanover HighGrades: 9-12Distance: 4.5 mi
Schools provided by the listing agent
- Elementary: Wrightsboro
- Middle: Holly Shelter
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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