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Active
$299,900 Est. $2,496/mo — Get pre-qualified
3beds 2baths 1,465sq ft

402 Penny Lane # D · Morehead City, NC 28557

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Welcome to your coastal retreat in ''Fisherman's Paradise'' where sun, sand, and water await! Ideally located in the heart of Morehead City, this home is conveniently situated just minutes from Carteret Health Care for quick, easy access to medical assistance; the Morehead City Waterfront for dining, shopping, and entertainment; Big Rock Stadium for Marlins' games and local events; the Sports Center; the Morehead City Country Club for golfing and amenities; Bogue Sound beach accesses, boat ramps, and kayak launches; Swinson and Shevans Parks for exercise and play; and Atlantic Beach and Fort Macon State Park for days of fun in the sun. When it's time to retreat from it all, this impressive first-floor condo offers three bedrooms and two full bathrooms for easy, low-maintenance Crystal Coast living. This furnished, move-in-ready unit has LVP floors throughout the spacious primary living/dining area, which is accented by fresh paint, plentiful natural light, high ceilings, and a tiled gas fireplace. In addition to these features, this home has new Anderson Windows and Gliding Patio Doors throughout for added efficiency and style. The kitchen is equipped with stainless steel appliances, a large pantry, and a pass-through that could be used as a breakfast bar. What's more, the spacious primary bedroom overlooks the community retention pond and has en suite that includes a walk-in closet, as well as both a stand-up shower and a soaker tub. With a split floor plan, the secondary bedrooms and additional full bathroom are separate from the primary, providing further privacy and convenience. Extending your living outside, the covered, enclosed patio, with a storage closet, is ideal for relaxing or entertaining family and friends while taking in the coastal breezes. This rarely available opportunity is perfect as a primary residence, a secondary getaway, or an income-producing rental, so don't let this Morehead City ''catch of the day'' slip away!

Features & Amenities

Living Area1,465 Sq.Ft.
Bedrooms3
Baths2
HeatingPropane, Heat Pump, Fireplace(s), Electric
CoolingHeat Pump
FlooringLVT/LVP, Carpet, Tile, Vinyl
FireplaceYes
AppliancesBuilt-In Microwave, Washer, Refrigerator, Dryer, Double Oven, Disposal, Dishwasher, Electric Range, Water Purifier
Interior FeaturesMaster Downstairs, Walk-in Closet(s), High Ceilings, Whirlpool, Ceiling Fan(s), Furnished, Pantry, Reverse Floor Plan, Walk-in Shower, Blinds/Shades
LaundryDryer Hookup, Washer Hookup, Laundry Room
Virtual TourOpen Virtual Tour
StyleCondominium
Year Built1999
ConstructionBrick Veneer, Vinyl Siding, Wood Frame
RoofShingle
FoundationSlab
ParkingParking Lot, Asphalt, Lighted, On Site, Paved
StatusActive
Lot Size0.0
SubdivisionMadisen Park
CountyCARTERET
Last UpdatedOct 7, 2026
UtilitiesSewer Connected, Water Connected
Water SourcePublic
HOAYes — $5,160 / year
HOA ManagementMadisen Court,COA
ElementaryMorehead City Primary Elementary School
MiddleMorehead City Middle School
HighWest Carteret High School
Presented By: eXp Realty; nc.coastal@exprealty.com

Location

Property boundary from county GIS

Neighborhood Snapshot

U.S. Census Bureau, ACS 5-year estimates

Neighborhood data describes this home's U.S. Census tract and is provided for information only. Statistics describe an area, not any individual property or its residents.

Monthly Cost Estimate

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* Estimates only. Actual rates, payments, and terms vary. Consult a licensed mortgage professional.

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Last Updated: Oct 7, 2026