536 Magnolia School Road Rd
Washington, NC 27889
Terrain À vendre · 33,00 AC

536 Magnolia School Rd is a rural land tract located in Washington, North Carolina, offering multiple potential uses including rural residential development, recreational use, or a specialty destination project. The property includes approximately 9 acres of private lakefront, which serves as the central physical feature of the site and provides potential for recreational amenities or water-oriented development concepts. The site also benefits from direct public road frontage on Magnolia School Rd and is located within convenient driving distance of the city of Washington and the broader Beaufort County area. Historically, surrounding land uses have been primarily agricultural and rural residential, though the area has seen gradual transition toward large-parcel residential estates, hobby farms, and recreational properties. This trend is consistent with broader migration patterns in Eastern North Carolina, where demand for larger rural parcels has increased in recent years. The property is located within the Pamlico River region, an area well known for boating, fishing, and outdoor recreation. Nearby amenities include Goose Creek State Park, which offers boating, hiking, and camping, as well as the Washington Yacht & Country Club, which provides golf and waterfront access to the Pamlico River. Given the existing lake and available acreage, the site may also support recreational or hospitality-oriented concepts, including an RV park or small water-based attraction, subject to zoning, engineering, and permitting. Overall, the property offers a flexible development profile, with potential applications including: Rural residential estate or private compound Low-density residential subdivision or hobby farm parcels Recreational property centered around the existing lake RV park or small family-oriented water recreation destination 2 Key Highlights Prime location just outside Washington, NC Strong road frontage and accessibility Scenic 9-acre lake with recreational and development potential Large contiguous tract allowing multiple site layouts or phased development Built-in centerpiece for recreational or hospitality concepts Ideal for rural residential, hobby farm, or low-density development Potential opportunity for RV park and water park attraction Close to boating, golf, parks, and the Pamlico River Growing demand for rural and recreational properties in Eastern NC Flexible exit paths including residential land development, recreational use, or specialty tourism concept 3 Due Diligence Summary Environmental Assessments Wetlands determination approved by the U.S. Army Corps of Engineers, confirming delineated wetlands on the property Water quality and bacteria testing completed in March 2025 Soil evaluations for septic systems conducted in June 2024 and updated in 2025, confirming the site is suitable for septic installation Feasibility study (June 2024) reviewing zoning considerations, utility access, and environmental constraints such as floodplain impacts Letter from the North Carolina Department of Environmental Quality (January 2025) confirming no active permits or violations, and noting that a previous sand mine permit has been closed ? Property is not located within a designated flood zone ? The area currently has no zoning restrictions, providing flexibility for potential development Surveys and Appraisals ? Topographic survey completed for accurate site mapping and planning ? Property appraisal performed in January 2025 to establish current market valuation Development and Infrastructure ? RV park financial pro forma prepared in March 2025 outlining potential development economics ? Temporary electrical pole installed in August 2025 to support site activities ? Septic system inspection and site cleanup, including debris removal, completed ? Preliminary planning and development input provided by The East Group (see attached materials) Overall Findings The completed due diligence indicates the property is well positioned for future development. Environmental reviews show no significant concerns, regulatory standing is clear, and initial infrastructure and planning steps have already been completed, supporting the site’s potential for recreational or RV park development.