Excellent opportunity to build your coastal dream home on this exceptional .73-acre waterfront lot in Merritt. Positioned directly on the Bay River with immediate access to the Pamlico Sound, this property offers 184 feet of uninterrupted waterfront and some of the highest waterfront elevation in Pamlico County, sitting approximately 6.5-feet above sea level. Sweeping water views can be enjoyed from nearly any angle of the lot, creating an ideal backdrop for a custom home designed around coastal living. The groundwork is already in place, including county water, an installed septic system, and an underground seawall with bulkhead boulders that provide added stability along the shoreline. The previous home on the property was a 3-bedroom residence, no septic permit is on file. Most of the land lies within the X flood zone, which would not require flood insurance from a lender with the right homesite placement. With no HOA and no restrictive covenants, you have the freedom to build exactly what you envision, whether that includes a large screened porch for watching boats drift by, a saltwater pool overlooking the river, or a spacious workshop or storage shed. For boaters and explorers, the location is unbeatable. This expansive lot provides the space and shoreline access to build your own private dock right in your backyard, allowing you to launch directly onto the Bay River any time you choose. The property is less than 10 minutes from the town of Oriental, where you'll find a public boat ramp, marinas, shops, and waterfront restaurants. Several additional pay-per-launch options are available nearby as well. When you need access to city conveniences, New Bern is an easy 30-minute commute. This rare property offers everything you need to bring your waterfront dream home to life - call today to make it yours!
Lot/land
$395,000
964 Murphy Farm Road, Merritt, NC 28556
--beds
0baths
0.73Acres
Land
Built in ----
0.73 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 42 days |
- 92 |
- 5 |
Zillow last checked: 8 hours ago
Listing updated: December 16, 2025 at 09:05am
Listed by:
Jeff Lesley 910-407-1538,
Century 21 Vanguard
Source: Hive MLS,MLS#: 100543538
Originating MLS: Cape Fear Realtors MLS, Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: None
- Has view: Yes
- View description: Sound, River
- Has water view: Yes
- Water view: Sound,River
- Waterfront features: Deeded Water Rights
- Frontage type: Bay/Harbor
Lot
- Size: 0.73 Acres
- Features: Deeded Water Rights
- Topography: Cleared/Partial,Level
Details
- Additional structures: Shed(s)
- Parcel number: J04346
- Zoning: Residential
- Special conditions: Standard
- Wooded area: 1344
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Water Available, Water Connected, Electricity Available, Electricity Connected
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Merritt
Financial & listing details
- Tax assessed value: $95,425
- Annual tax amount: $673
- Date on market: 11/30/2025
- Cumulative days on market: 43 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: 1031 Exchange,Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,591/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/1/2025 | Listed for sale | $395,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $674 | $95,425 |
| 2024 | $674 +2.9% | $95,425 |
| 2023 | $655 | $95,425 |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 28556
Nearby schools
GreatSchools rating
- 3/10Fred A Anderson Elementary SchoolGrades: 4-5Distance: 5.5 mi
- 9/10Pamlico County Middle SchoolGrades: 6-8Distance: 4.5 mi
- 6/10Pamlico County High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Pamlico County Primary
- Middle: Pamlico County
- High: Pamlico County
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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