Waterfront
Address
500 Indian Trail Road, Edenton, NC
Price
$ 7,744,000
Property Attributes
  • MLS#100407497
  • TypeLand
  • CountyCHOWAN
  • CityEdenton
  • NeighborhoodEdenton
  • Zip27932
  • StyleUndeveloped
  • Price$ 7,744,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size963.82 Acres
Data Source:
Albemarle Area AOR - NCRMLS
Property Description

Here's an incredible opportunity to own a spectacular property located on the Albemarle Sound in Edenton, NC. This parcel has over 4,600 feet of shoreline, planted pines and mature hardwoods, agricultural fields and abundant wildlife. This historic property has been in the family for over 125 years. This is an opportunity to own a piece of history with incredible investment potential!This amazing 964 +/- acre one-of-a-kind property known as Shepard's Long Beach is located on the Albemarle Sound in Edenton. The property has approximately 4,600 plus feet of shoreline. Beautiful waterfront luxury homes adjoin the property on the east side. The property is about 6 miles from beautiful and historic downtown Edenton. The property is diverse and contains Albemarle Sound frontage, agricultural fields, mature hardwoods, pines, lowlands, and wetlands. The timber is under a management program and contains tracts of hardwoods, upland hardwoods and bottomland hardwoods. The pines have been thinned and were replanted on a rotational basis in 1995, 2004, 2016 and 2021. Ensuring that the timber is maintained helps ensure its health and protects your investment.Whether you are looking for a long-term land and timber investment, a place to have your own country estate or corporate retreat, or possibly a place for some luxury homes and a marina, this property may be exactly what you're looking for!This spectacular 964 +/- acre one-of-a-kind property known as Shepard's Long Beach is located on the Albemarle Sound in Edenton. The property has approximately 4,600 plus feet of shoreline. Beautiful waterfront luxury homes adjoin the property on the east side. The property is about 6 miles from beautiful and historic downtown Edenton. The property is diverse and contains Albemarle Sound frontage, agricultural fields, mature hardwoods, pines, lowlands, and wetlands. The timber is under a management program and contains tracts of hardwoods, upland hardwoods and bottomland hardwoods. The pines have been thinned and were replanted on a rotational basis in 1995, 2004, 2016 and 2021. Ensuring that the timber is maintained helps ensure its health and protects your investment. Whether you are looking for a long-term land and timber investment, a place to have your own country estate or corporate retreat, or possibly a place for some luxury homes and a marina, this property may be exactly what you're looking for! The history of Shepard's Long Beach is very unique. The first known deed for the tract of land that includes what is now known as Shepard's Long Beach was done in 1627 from Charles the 1st, King of England to Sir Edward Coke, Lord Chief Justice of England and Wales. It was described as extending 37 miles south along the waters now called the Albemarle Sound from the border of the new colony of Virginia and "from said points as far west as the wilderness doth go". This was 7 years after the second Jamestown settlement. Sir Edward never made it across the pond; but he did send people to check it out. A very small settlement was established here about 1630 in what was later called Queen Anne's Towne and then Edenton. In the mid 1600's, Charles the 2nd granted all of the land now comprising the Carolinas to the eight Lords Proprietors who had helped him regain the English throne. He also took most of their money to fund his squabble with France and Spain, leaving the formerly wealthy landowners in great need of taking advantage of their newly acquired lands. Among that influx of new settlers were royalists known as second sons - progeny who would not inherit their fathers' titles and lands in England. Queen Anne's Towne was a success. The new colony remained royalist until just before the Revolutionary War. Land on both sides of the Albemarle Sound, including Shepard's Long Beach was acquired by the Collins family (Somerset Plantation, Washington County, NC). Prior to the Civil War, much of the land was sold out of the family, including Long Beach. In the 1890's, Thomas Harrison Shepard (son of William Biddle Shepard, U.S. Congressman) purchased some 1500 acres, approximately 1000 acres on the south side of Indian Trail and 500 acres on the north side. His children, Robert Bowden, William Blount and Thomas Harrison Jr, deeded the acreage on the north of Indian Trail to Anne Cameron Graham (Wessington House, Edenton NC) after the depression. Ownership of Shepard's Long Beach is still held by their heirs - all direct descendants of the Coke and Collins families. One of the more interesting bits of history associated with Long Beach has to do with Thomas Harrison Shepard Jr. He was an engineer working in Washington DC as a Vice President of Government Sales for General Electric during World War II. Essentially, his job was to market power plants to the Navy for ships being built for the war effort. As a consequence of his job contacts, he was friends with a number of Navy Admirals and had invited them to visit Edenton and taken them hunting on the family farm. As four ships containing GE power plants were about to be commissioned, Thomas and three of his Admiral friends decided that each of them would choose a name for one of the vessels. Thomas chose to name his the U.S.S. Long Beach - named for Shepard's Long Beach, Chowan County, North Carolina - not for Long Beach Naval Station, California. Edenton is a great place to live, work and play. Its beautiful small-town charm and friendly atmosphere as well as its boutique shops and restaurants make it a desirable destination. The recent introduction of a ferry system and the state's purchase of Hayes plantation, are all promising signs for its continued growth and appeal. The Albemarle Sound, a part of the Intracoastal waterway, and the Chowan River are world-class fisheries and make this area a destination of choice for anglers across the nation. The property is ideally located 90 minutes from Norfolk International Airport and Virginia Beach and less than 90 minutes from the Outer Banks and Greenville, NC.

Elementary School Middle School High School
White Oak/D F Walker Elementary School Chowan Middle John A. Holmes High
Price History
9/30/2023 Listed $7,744,000

General Features

Utilities Electricity Available
Possession At Closing
current use Agriculture,Hunting,Recreational,Timber,Vacant
Zoning Ag
Subdivision N/A
Topography Marsh/Wetland,See Remarks,Undeveloped,Watershed,Wooded
County Chowan
Stipulation of Sale None
Property Type B
Terms Cash,Conventional,Will Not Divide
Auction No
Tax Year 23
Special Assessments None
Cobra Zone No
Lot Sqft 41983999.00
Days on Market 214
City Limits No
Sub-Type Undeveloped
Waterview Yes
City Edenton
Middle School Chowan Middle
Geo Lat 36.031987
Tax Assessed Value 1723020.00
Street Name Indian Trail
High School John A. Holmes High
HOA and Neigh Amenities No Amenities
Virtual Tour https://www.propertypanorama.com/instaview/ncrmls/100407497
Elementary School White Oak/D F Walker
Elementary School 2 Charter School
Geo Lon -76.502962
Location Type Mainland

Interior Features

Street Suffix Road

Exterior Features

Lot Description Deeded Water Rights,See Remarks,Wetlands,Wooded
Waterfront Yes
Water Frontage 4600.00
Fencing None
Fuel Tank None
Environmental Hazard No
Soil Evaluation Soil Evaluation - No
Acres 963.82
View Type Sound View,Water View
List Price/Acre 8034.70
Total Road Frontage 5380
MLS Identifier 20150918160742258811000000
Buildings on Property None
Lot Water Feature Deeded Beach Access,Deeded Water Access,Deeded Water Rights,Deeded Waterfront,Sound Side,Waterfront Comm
Road Type/Frontage Maintained
Frontage Type See Remarks,Sound Front

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 27932

Price
AVG $40K
$7.74M
Visits
AVG 89
169
Data Provided by Inside Real Estate®