514 Cathay Road, Wilmington, NC 28412

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.

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
Stories: 1
Construction: Brick Veneer, Wood Frame
Roof: Shingle
Foundation: Slab
Water: County Water
Property tax: $1,195 / year (2025)
MLS #: 100569025

Features

Inside

Entrance Foyer
Ceiling Fan(s)

Outside

None

Parking

On Site
Paved

Heating & cooling

Electric
Heat Pump
Central Air

Directions to 514 Cathay Road

From South College Road (NC-132), head toward the Monkey Junction area. Turn onto Carolina Beach Road (US-421 South). Continue for approximately 1 mile, then turn right onto Cathay Road. Follow Cathay Road into Monterey Heights subdivision. Continue straight and 514 Cathay Rd will be on the right.

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.

Explore the area

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.

3 other homes are for sale in Monterey Heights right now (median asking $324,900); 11 homes sold there in the last 12 months at a median of $290,000, typically in about 57 days.

Across ZIP 28412, 495 3-bedroom homes sold in the past year at a median of $418,500.

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.

Monterey Heights neighborhood guide Homes for sale in Wilmington New Hanover County homes

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Questions about 514 Cathay Road

How much is 514 Cathay Road?

514 Cathay Road sold for $270,500 on May 26, 2026 (last asking price $265,000). It is not for sale now.

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?

11 homes sold in Monterey Heights in the last 12 months, at a median price of $290,000.

When was 514 Cathay Road built?

1977.

Who is the listing broker for 514 Cathay Road?

Keller Williams Innovate-Wilmington (MLS #100569025).

514 Cathay Road Wilmington, NC 28412 · Monterey Heights