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About this home
The Historic City House was originally constructed as the Tidewater Power Company in 1920 and was often referred to as the Old Well House. So much charm and beauty through this beautifully renovated building, yet still maintaining so much of the original vintage charm. Established Bed & Breakfast is ready for investor to step in at any time with this prime downtown Morehead City location right by the Waterfront. With 4 beautifully furnished units, there are so many possibilities! THE FLAT is the first level and front entry unit and offers 2 bedrooms, 1.5 baths, full kitchen, and a spacious living area. THE RESIDENCE is the largest unit with 2 large bedrooms, 2 full bathrooms, tons of living space, 12'+ ceilings, laundry room, oversized gourmet Kitchen, and rooftop access. The rooftop has a hot tub, and large space for entertaining with views galore of downtown Morehead City Waterfront, Bogue Sound, Sugarloaf Island, Calico Creek, ICW, and more. THE LOFT offers one spacious bedroom suite with full size kitchen and large living room that has 9'+ ceilings. THE CHAMBER offers a more cozy setting with one bedroom suite and more compact kitchen. Be sure to see photos to appreciate the attention to detail throughout. All units can be connected to create one large residence if desired, units are currently closed off for privacy. Ask agent for current website to see current marketing for existing bed and breakfast. This location is tough to beat and truly is a "turn key investment"!!!
Facts
- Type
- Single Family Residence
- Year built
- 1920
- Lot
- 0.08 acres
- Garage
- 2 spaces
- County
- Carteret
- Price per sq ft
- $387
- Stories
- 3
- Construction
- Block, Concrete, Stucco, Wood Siding, Steel Frame
- Roof
- Membrane, Flat
- Foundation
- Slab
- Water
- Public
- Property tax
- $5,932 / year (2025)
- Listed
- Oct 21, 2026
- MLS #
- 100611721
Features
Inside
- Vaulted Ceiling(s)
- High Ceilings
- Entrance Foyer
- Solid Surface
- Whirlpool
- Bookcases
- Kitchen Island
- Ceiling Fan(s)
- Furnished
- Pantry
- Walk-in Shower
- Wet Bar
- Built-in Features
- Eat-in Kitchen
- Gas Log
- Tile Counters
Outside
- Storm Doors
- Corner Lot
- Recreation Nearby
- Creek
- ICW
- Marina
- Ocean
- Sound
- Water
- Creek/Stream
Parking
- On Street
- Garage Door Opener
Heating & cooling
- Heat Pump
- Fireplace(s)
- Electric
- Ceiling Fan(s)
Directions to 500 Arendell Street
Property is in heart of downtown on corner of Arendell St (Hwy 70) and North 5th St
Schools
- Elementary
- Morehead City Primary
- Middle
- Morehead City
- High
- West Carteret
As listed in the MLS (Carteret County Public Schools). School assignments can change — confirm with the district for this address.
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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.
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About 500 Arendell Street
500 Arendell Street is a 6-bedroom, 6-bath home of about 4,896 square feet, built in 1920, Morehead City, Carteret County, NC 28557.
It has been on the market for 5 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.
Buying 500 Arendell Street
- See it in person. Pick a time and we'll call to confirm — often same day.
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What's my home worth? →Questions about 500 Arendell Street
How much is 500 Arendell Street?
500 Arendell Street is listed at $1,895,000 (about $387 per square foot) as of October 26, 2026. Status: for sale.
How many bedrooms and bathrooms does 500 Arendell Street have?
6 bedrooms and 6 bathrooms, with about 4,896 square feet.
How long has 500 Arendell Street been on the market?
5 days.
When was 500 Arendell Street built?
1920.
Who is the listing broker for 500 Arendell Street?
RE/MAX Ocean Properties (MLS #100611721). The Buddy Blake Team can show it to you and answer questions.
Can I tour 500 Arendell Street?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.