$20,000
116 402 Magnolia Bay Lane
Wallace, NC 28466
MLS# 100572659
Status: Closed

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Property Description
Discover this stunning 0.30-acre homesite nestled within the stunning gated golf community of River Landing and the neighborhood of Magnolia Bay. With a peaceful setting, this property offers the perfect backdrop to design and build your ideal home. The generous lot size provides both space and privacy, while located in the golf friendly neighborhood of River Landing with scenic walking trails, and natural beauty. Embrace an active lifestyle with miles of walking and biking trails, 63 ponds for fishing, or spend time at the River Lodge with kayak access to the Northeast Cape Fear River. Best of all, you're just a short 45-minute drive to area beaches. River Landing features 3 optional and reasonably priced club memberships and is home to two NC Golf Panel ''Top 50'' championship courses, along with exceptional club amenities. Members enjoy access to an outdoor pool, fitness center, tennis and pickleball courts, and a vibrant social atmosphere. Dine in style at the elegant clubhouse or relax with a casual meal at the grille and bar. Best of all, you're just a short 35 minute drive to Wilmington, 90 minutes to Raleigh and 45-minute drive to area beaches. A wonderful opportunity to experience the best of coastal Carolina living in a welcoming, small-town setting.

Details
Maps
Legal and Taxes
Tax Assessed Value: 20000
Deed Book: 1371
Deed Page: 117
Legal: Being all of Lot 402, Magnolia Bay at River Landing
Broker Owner: No
PID: 09-2297- -
Tax Identifier: 092297
Plat Book: 16
Plat Page: 42
Total Real Estate Property Taxes: 131.6
Special Assessments: None
Deferred Taxes: No
Tax Year: 2025
Zoning: Residential
HOA: Yes
Association Mandatory (Y/N): Yes
Cobra Zone: No
Elementary School: Wallace
Middle School: Wallace
High School: Wallace-Rose Hill
Location Information
Street #: 116
Street Name: Magnolia Bay
Street Suffix: Lane
Lot #: 402
County: Duplin
State/Province: NC
Zip Code: 28466
City Limits: No
Marketing City: Wallace
Subdivision: River Landing
Secondary Subdivision: Magnolia Bay
Geo Lat: 34.757146
Geo Lon: -77.939546
Contract Info
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2026-05-09
Sub-Type: Residential Lot
Listing Price: 27750
Current Price: $20,000
List Price/Acre: 92500
Stipulation of Sale: Standard
Remarks and Showing
Directions to Property: From I-40, take Exit 385 and turn onto NC-41 toward Wallace, then continue straight to the River Landing main entrance; go through the gate, stay on Paddlewheel Drive, turn onto Magnolia Bay Lane, and 116 Magnolia Bay Lane will be located along that street.
Sign on Property: No
Property Exterior Info
Acres - Total: 0.3
Lot Dimensions: 79 x 168 x 77 x 172
Lot SqFt: 13068
Deed Restrictions: Yes
Total Road Frontage: 79
Waterfront: No
Waterview: No
Location Type: Mainland
HOA
Association Fee 1/Year: 1570
Association Name: River Landing Property Owners Association Inc.
HOA 1 Mgmt. Company: River Landing Property Owners Association Inc.
HOA 1 Mgmt. Phone: 9102851033
HOA 1 Address: 110 River Village Pl
Status Change Info
Under Contract Date: 2026-08-22
Sold Price: $20,000
Sold Date: 2026-09-17
Property Features
Current Use: Residential; Vacant
Possible Use: Residential; Single Family
Bldgs on Property: None
Soil Evaluation: Soil Evaluation - No
Topography: Cleared/Partial
Fencing: None
Fuel Tank: None
Other Equipment: None
Environmental Hazard: Unknown
Lot Features: Rectangular Lot
Lot Water Features: None
HOA and Neigh Amenities: Basketball Court; Clubhouse; Exercise Course; Fitness Center; Gated; Golf Course; Maint - Comm Areas; Maint - Grounds; Maint - Roads; Maintenance Structure; Management; Master Insure; Meeting Room; Park; Party Room; Pickleball; Picnic Area; Playground; Pool; Restaurant; Sauna; Sidewalk; Street Lights; Tennis Court(s); Trail(s); See Remarks; Club Membership
Terms: Cash; Conventional; FHA; USDA Loan; VA
IDX
Listing Office: Coldwell Banker Sea Coast Advantage-Leland

Last Updated: September - 17 - 2026

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