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
- Price per sq ft
- $205
- Stories
- 3
- Construction
- Brick Veneer, Vinyl Siding, Wood Frame
- Roof
- Shingle
- Foundation
- Slab
- Water
- Public
- Property tax
- $1,461 / year (2025)
- Listed
- Jul 6, 2026
- 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
Directions to 402 Penny Lane D
From Bridges St, turn onto Penny Ln. Continue past the medical complexes, and ''Madisen Park'' will be on your right. From the main entry of Building 402, the unit is on the first floor to the far right.
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.
Payment calculator
Enter the rate a lender quoted you and pick a down payment to see principal and interest for this home. Not sure what to use? See this week's national average at Freddie Mac ↗
Get your actual rate for this home — usually same day
Joey Milam, Alpha Mortgage Advantage · NMLS #117399 · You're free to choose any lender.
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
- Before You List on the NC Coast: Inspect, Repair or Sell As-Is?What to do before listing a home in Wilmington and the southeastern NC coast: a pre-market inspection, what to fix, credit or disclose, roof/HVAC/insurance questions coastal buyers ask, photos, pricing and offers.
- 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.
Explore the area
Popular searches in Morehead City
- One-story homes in Morehead City (24)
- Homes with the primary bedroom on the main floor in Morehead City (49)
- Waterfront homes in Morehead City (13)
- New homes & new construction in Morehead City (9)
- Homes with a recent price cut in Morehead City (24)
- Homes in gated communities in Morehead City (12)
- Homes with no HOA in Morehead City (39)
- Townhomes in Morehead City (7)
- Condos in Morehead City (27)
- Land and lots in Morehead City (29)
- Luxury homes ($1M+) in Morehead City (12)
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 39% below the median asking price ($492,160) of the 47 other 3-bedroom listings for sale in Morehead City today.
That's about $205 per square foot, compared with a Morehead City median asking price of $256 per square foot.
Across ZIP 28557, 130 3-bedroom homes sold in the past year at a median of $415,000.
It has been on the market for 111 days.
Area figures are broad context from the MLS, not a valuation — they don't adjust for condition, lot, views or updates. Ask us for a true comparison.
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.
- See the cost of waiting. What waiting could cost you on this home, and what it could look like 10 years from now, using today's national rate and 20 years of home price history. No sign-up.
- 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 — a home value report built from 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 October 25, 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?
111 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.