Deeded Water Access and Income Potential in Wilmington, NC 1949 SQ FT in main part of house and additional 523 SQ FT attic space converted into living space.
This newly renovated ranch home offers a unique opportunity for both homeownership and rental income. Situated on a spacious .65-acre lot with deeded water access, this property, built in 1973, provides a blend of modern living and investment potential. With three bedrooms and two baths in the main house and a separate one-bedroom, one-bath apartment with a private entrance, this home is perfect for multi-family living or generating rental income.
The main house, ideal for a couple or small family, features an open-concept design with a chef's kitchen complete with high-end KitchenAid appliances, a gas stovetop, and stylish fixtures.The private boat ramp at end of the street provides direct access to the Intracoastal Waterway (ICWW), making this property a dream for boating enthusiasts. The expansive yard and deck are ideal for outdoor activities, adding to the appeal of coastal living.
The separate apartment, equipped with its own kitchen and private entrance, is perfect for short-term rentals like Airbnb or long-term tenants, offering flexibility for rental income. A new HVAC system will ensure year-round comfort, enhancing the property's appeal to renters and occupants alike.
Located in a desirable school district and offering ample parking, this property is well-positioned for both convenience and long-term value appreciation. Whether you're interested in managing short-term rentals or securing long-term tenants, the combination of modern amenities, deeded water access, and prime location makes this home a strong investment opportunity.
Contact us today to learn more about this rare opportunity in Wilmington's competitive real estate market!
Sold for $540,000
$540,000
41 Pelican Point Road, Wilmington, NC 28409
3beds
2,472sqft
Single Family Residence
Built in 1973
0.65 Acres Lot
$609,000 Zestimate®
$218/sqft
$3,302 Estimated rent
Home value
$609,000
$560,000 - $664,000
$3,302/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 10, 2024 at 12:43pm
Listed by:
Kathy Webb 910-279-0587,
Corcoran HM Properties
Bought with:
Lori S Speight, 197270
Masonboro Realty, Inc.
Source: Hive MLS,MLS#: 100465449
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Primary bedroom
- Level: Main
- Dimensions: 14.2 x 12.9
Bedroom 2
- Level: Main
- Dimensions: 9.11 x 12.7
Bedroom 3
- Description: this was used as an apartment
- Level: Upper
- Dimensions: 25.4 x 14.6
Bonus room
- Description: used as guest suite
- Level: Main
- Dimensions: 19.7 x 17.8
Bonus room
- Level: Upper
- Dimensions: 21.7 x 14.6
Breakfast nook
- Level: Main
- Dimensions: 8.3 x 11.1
Dining room
- Level: Main
- Dimensions: 11.8 x 12.6
Kitchen
- Level: Main
- Dimensions: 9.7 x 13.5
Living room
- Level: Main
- Dimensions: 17.1 x 18.4
Heating
- Fireplace Insert, Fireplace(s), Forced Air, Zoned, Electric
Cooling
- Heat Pump
Appliances
- Included: Gas Cooktop, Electric Oven, Refrigerator, Ice Maker, Wall Oven
Features
- Master Downstairs, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Gas Log
- Flooring: LVT/LVP, Tile
- Attic: Access Only
- Has fireplace: Yes
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,949
- Total interior livable area: 2,472 sqft
Property
Parking
- Total spaces: 6
- Parking features: Concrete, Paved
- Uncovered spaces: 6
Features
- Levels: One and One Half
- Stories: 1
- Patio & porch: Open, Deck, Porch
- Pool features: None
- Fencing: Back Yard,Chain Link,Wood
- Waterfront features: Deeded Water Access, Water Access Comm
Lot
- Size: 0.65 Acres
- Dimensions: 110 x 262 x 110 x 260
- Features: Dead End, Deeded Water Access, Water Access Comm
Details
- Additional structures: Shed(s)
- Parcel number: R07213002010000
- Zoning: R-15
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1973
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & neighborhood
Location
- Region: Wilmington
- Subdivision: Pelican Point
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/10/2024 | Sold | $540,000-10%$218/sqft |
Source:  Hive MLS #100465449 Report a problem | ||
| 11/11/2024 | Contingent | $599,900$243/sqft |
Source: Hive MLS #100465449 Report a problem | ||
| 10/16/2024 | Price change | $599,900-7.6%$243/sqft |
Source: Hive MLS #100465449 Report a problem | ||
| 10/8/2024 | Pending sale | $649,000$263/sqft |
Source: Hive MLS #100465449 Report a problem | ||
| 9/12/2024 | Listed for sale | $649,000+209%$263/sqft |
Source: Hive MLS #100465449 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,949 +1.4% | $495,500 +40.1% |
| 2024 | $1,922 +0.3% | $353,800 |
| 2023 | $1,916 -0.9% | $353,800 |
Find assessor info on the county website
Neighborhood: Masonboro
Nearby schools
GreatSchools rating
- 10/10Masonboro Elementary SchoolGrades: K-5Distance: 1.6 mi
- 9/10Myrtle Grove MiddleGrades: 6-8Distance: 1.7 mi
- 6/10John T Hoggard HighGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Masonboro Elementary
- Middle: Myrtle Grove
- High: Hoggard
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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