This is a once ... in a century find! The lot is approx. 2.04 acres overlooking Wrightsville Beach and the Intracoastal Waterway. The land runs the entire length of Gray Gables, is 90 ft. wide in the back and has completely unobstructed water views and access, and construction of a pier or dock is allowed. Have CAMA permits in hand for two 40ft. floating boat slips with a gazebo and dock. On the lot sits a 4 bed, 2 bath, 2963 sq. ft. home built in 1917 and a 3 bed, 2 bath, detached garage apartment. The home has a formal living and dining room, eat-in kitchen, 2 fireplaces, and a den or office. The detached garage apartment has 2 beds and 1 bath upstairs, and 1 bed, 1 bath, and 1 car garage downstairs. Positioned in the No Wake Zone. Seller will consider sub-dividing and selling front or back acre with common water rights. A one-of-a-kind property only several hundred yards from Airlie Road restaurants and entertainment. Call agent to discuss all potential opportunities for the property. MLS# 425601.