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110 1 Osprey Drive

Edenton, NC 27932 · Chowan County

421 days on market
$250,000
Was $345,000
$250,000Chowan County (Rural)$250K – $500KWaterfrontUnder $375KActive
250000
WaterfrontPrice Reduced
1.90 Acres
Waterfront Property1.90 Acre LotJohn A. Holmes High District

About This Property

Welcome to Albemarle Shores in the sought-after Drummonds Point area-where peace, natural beauty, and water fun come together. This waterfront property offers a BRAND-NEW aluminum bulkhead and ready to build homesite, perfectly situated to capture stunning sunsets from your future dream home. Tucked behind a line of trees that provide just the right amount of privacy from the roadside, the property opens beautifully to water wide views. A unique peninsula setting allows you to enjoy the beauty of the water from multiple angles right in your backyard. The community features a community pier and boat ramp, making it easy access to Herford and the Sound Bridge leading directly to the Outer Banks beaches, this location combines convenience with a serene waterfront lifestyle. Do not miss your opportunity to own a newly bulkheaded waterfront property in one of the most beautiful neighborhoods on the Albemarle Sound.

Price History & Market Timeline

Original List Price$345,000
Current List Price (Price Reduced)$250,000Reduced by $95,000

Property Details

SubdivisionAlbemarle Shores 2
TypeResidential Lot
Lot Size1.900 acres
HOA Dues$300 / annually
WaterfrontYes
Waterfront FeaturesBulkhead, Sound Side, Water Depth 4+
Waterfront Footage197.9 ft
Parcel786500113586

Location & Neighborhood Intelligence

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Distance to Key Places (straight-line)

Coastal & Environmental Information

Properties in northeastern North Carolina near coastal waters may be subject to Coastal Area Management Act (CAMA) regulations, municipal historic district overlays, or specific flood zone designations. Buyers are advised to independently verify setback rules, elevation certificates, and flood insurance requirements with licensed surveyors, engineers, and insurance professionals.

Schools

ElementaryWhite Oak/D F Walker
MiddleChowan Middle
High SchoolJohn A. Holmes High

Tax & Assessment

Assessed Value$112,522
Annual Tax$861 (2025)
Monthly Tax Est.$72/mo
Hyper-Local Buyer Tool

Edenton True Cost of Ownership Calculator

Calculate your actual monthly carrying cost — including Chowan County taxes, Town municipal rates, your own flood insurance quote, and historic district reserves.

$250,000
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Local Tax & Municipal Variables
Chowan County TaxChowan County charges $0.72 per $100 of assessed value for fiscal year 2026-2027. Tax rate updated: August 3, 2026. Verify with the local tax office.
Active
Applies additional $0.4800 / $100 municipal tax. Switch off for county-only parcels outside town.
Adds $150/mo reserve for custom wood, slate/metal roof & COA maintenance
Properties near the Albemarle Sound or Queen Anne Creek fall into CAMA-regulated flood zones. Your zone determines whether flood insurance is required — we don't quote rates, so enter your own insurer's quote below.

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Finance repair scope directly into mortgage via FHA 203(k) or Fannie Mae HomeStyle loan.

Estimated Monthly True Cost
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Includes P&I, taxes, insurance & local reserves
  • Principal & Interest$0
  • Chowan County Property Tax ($0.72)$0
  • Town of Edenton Municipal Tax ($0.4800)$0
  • Hazard / Homeowners Insurance (Est.)$0
  • Flood Insurance (Your Quote)$0
  • Historic Overlay COA Reserve$0
  • PMI / Mortgage Insurance$0
Total Loan Amount$0
Down Payment$0
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MLS# 100529593 · HIVE MLS via SourceRE · Last updated: October 28, 2026 at 8:18 PM UTC. Information deemed reliable but not guaranteed. © 2026 Horizon Realty Group.