Residential Lot at 964 Murphy Farm Road, Merritt, NC 28556
Residential Lot at 964 Murphy Farm Road, Merritt, NC 28556, photo 2 of 2
2 photos

$349,000

964 Murphy Farm Road, Merritt, NC 28556
Merritt, NC 28556
Listed by Jeff Lesley · Century 21 Vanguard
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Excellent opportunity to build your coastal dream home on this exceptional .73-acre waterfront lot in Merritt. Positioned directly on the Bay River with immediate access to the Pamlico Sound, this property offers 184 feet of uninterrupted waterfront and some of the highest waterfront elevation in Pamlico County, sitting approximately 6.5-feet above sea level. Sweeping water views can be enjoyed from nearly any angle of the lot, creating an ideal backdrop for a custom home designed around coastal living. The groundwork is already in place, including county water, an installed septic system, and an underground seawall with bulkhead boulders that provide added stability along the shoreline. The previous home on the property was a 3-bedroom residence, no septic permit is on file. Most of the land lies within the X flood zone, which would not require flood insurance from a lender with the right homesite placement. With no HOA and no restrictive covenants, you have the freedom to build exactly what you envision, whether that includes a large screened porch for watching boats drift by, a saltwater pool overlooking the river, or a spacious workshop or storage shed. For boaters and explorers, the location is unbeatable. This expansive lot provides the space and shoreline access to build your own private dock right in your backyard, allowing you to launch directly onto the Bay River any time you choose. The property is less than 10 minutes from the town of Oriental, where you'll find a public boat ramp, marinas, shops, and waterfront restaurants. Several additional pay-per-launch options are available nearby as well. When you need access to city conveniences, New Bern is an easy 30-minute commute. This rare property offers everything you need to bring your waterfront dream home to life - call today to make it yours!

Highlights

Waterfront

Property details

MLS
Hive MLS
MLS #
100595467
Property type
Residential Lot
Subdivision
Not In Subdivision
Status
Active
Days on market
67
On market date
August 11, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.73 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Fred A Anderson Elementary
5.48 mi away · Grades 4-5
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
149
Student:teacher ratio
13.5:1
District
Pamlico County Schools
Middle
Pamlico County Middle
4.54 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
289
Student:teacher ratio
15.2:1
District
Pamlico County Schools
High
Pamlico County High
5.46 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
450
Student:teacher ratio
11.8:1
District
Pamlico County Schools

Walkability

Blended score for Merritt's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

13
Very car-dependent
out of 100
EPA National Walkability Index
4.2 / 20 -- Least walkable
Google Places amenity density
0 / 100
Restaurants & cafes0
Grocery stores0
Parks0
Schools0
Transit stops0
Pharmacies0

Market position

How this listing compares to current activity in Merritt, from live MLS data.

On the market 67 days -- 164 fewer days than Merritt's current average of 231 days.
For reference, the median list price across 46 active listings in Merritt right now is $172,500.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$2,252/mo
$69,800 down
$279,200 loan
Principal & interest$1,811
Property tax (est.)$291
Home insurance (est.)$150

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Data source: Listing information provided by Hive MLS via Trestle/CoreLogic. Last updated August 19, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.