Residential

500 Arendell Street, Morehead City

$1,895,000

Bedroom 6 bedrooms
Full Bathroom 5 full baths
Half Baths 1 half baths
Total Baths 6 total baths

  • Listing ID #: 100611721
  • Status: Active
  • Address: 500 Arendell Street, Morehead City, NC 28557
  • Date Listed: 10/21/2026
  • Days on Market: 0
  • SQFT: 4896
  • Acres: 0.08
  • Stipulations: Standard

Location Location

Agent Comments Agent Comments
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"!!!

Amenities Amenities
  • Vented Exhaust Fan
  • Built-In Microwave
  • Washer
  • Refrigerator
  • Dryer
  • Dishwasher
  • Electric Range

Additional Features Additional Features
  • County: Carteret
  • Days on Market: 0
  • Exterior: Storm Doors,See Remarks
  • Pool: Yes
  • Pool Features: Hot Tub
  • Tax Number: 2147483647
  • Waterfront Features: None
  • Water/Sewer: Natural Gas Connected, Sewer Connected, Water Connected, Cable High Speed, High Speed Internet
  • Year Built: 1920
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Tax Year: 2025
  • Tax Amount: $5,931.83

Financial Financial
  • Short Sale: Standard

Interior Features Interior Features
  • Cool System: Ceiling Fan(s), Heat Pump
  • Floors: Tile, Wood
  • Heat System: Heat Pump, Fireplace(s), Electric
  • Interior: 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
  • Room Type: Master Bedroom, Dining Area, Bedroom 1, Bedroom 2, Living Room, Loft, Bedroom 3, Laundry, Den, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 5, Great Room
  • Total Rooms: 13
  • Levels: Three Or More
  • Heating Fuel: Electric
  • Full Baths: 5
  • 1/2 Baths: 1
  • Furnished: furnished
  • Laundry: Laundry Room
  • Water Heater: Electric
  • Basement Description: None

Exterior Features Exterior Features
  • Exterior: Storm Doors, See Remarks
  • Fuel Tanks: None
  • Parking: On Street, Garage Door Opener
  • Pool: Hot Tub
  • Roof: Membrane,Flat
  • Siding: Stucco, Wood Siding
  • Waterfront Feature: None
  • Is New Construction: No
  • Construction: Block,Concrete,Stucco,Wood Siding,Steel Frame
  • Foundation: Slab
  • Water Source: Public
  • Septic or Sewer: Municipal Sewer,City of Morehead City
  • Water Provider: City of Morehead City
  • Utilities: Natural Gas Connected,Sewer Connected,Water Connected,Cable High Speed,High Speed Internet
  • Garage Spaces: 2
  • Parking Spaces: 2
  • Fencing: None
  • Exterior: Stucco,Wood Siding
  • Patio/Deck Description: See Remarks
  • Is Horse Property: No
  • Zoning: OP
  • Building Total Area (Sq.Ft): 4896
  • Road Description: City Street,State Road
  • Road Improvements: See Remarks
  • View Description: Creek,ICW,Marina,Ocean,Sound,Water,Creek/Stream

Location Location
  • Directions: Property is in heart of downtown on corner of Arendell St (Hwy 70) and North 5th St
  • Street Number: 500
  • County: Carteret
  • Latitude: 34.721252
  • Longitude: -76.708492
  • Marketing City: Morehead City

Listed by: Meredith & Matt Team Johnson from RE/MAX Ocean Properties.