Welcome to ILM Retreat -- a rare luxury investment opportunity in the heart of Wilmington offering exceptional income potential and resort-style living. This fully furnished private retreat features a beautifully updated 3 bedroom, 2 bathroom main residence paired with a detached 2 bedroom, 1 bathroom ADU that lives like its own private home, creating the ideal setup for short-term rental income, multi-generational living, or an owner-occupied investment property. Currently operating as a successful short-term rental with impressive annual income, this property is truly turnkey inside and out.
Designed for both relaxation and entertaining, the backyard feels like a private resort complete with a heated saltwater pool, hot tub, covered outdoor living area, fire pits, and a fully fenced yard offering total privacy. Guests and owners alike will appreciate the private gym with equipment, dedicated workspace with standing desk, high-speed WiFi, smart TVs, and multiple indoor and outdoor gathering spaces. The property also includes two full kitchens, laundry in both the main home and apartment, private driveway parking, and convenient self check-in with keyless entry.
Inside, extensive renovations and updates shine throughout, including newer HVAC systems, newer roof, modern finishes, and thoughtfully designed living spaces that blend comfort with style. The flexible floorplan offers five total bedrooms with a spacious king suite in the main home, additional queen bedrooms, and private accommodations in the detached apartment. Centrally located in midtown Wilmington, this property provides easy access to beaches, shopping, dining, downtown Wilmington, and University of North Carolina Wilmington. Whether you're searching for a luxury primary residence, vacation home, or high-performing investment property, ILM Retreat delivers an unmatched combination of location, lifestyle, and revenue potential.
Pending
$849,900
621 Decatur Drive, Wilmington, NC 28403
3beds
2,744sqft
Est.: Get pre-qualified
Single Family Residence
Built in 1959
0.47 Acres Lot
$851,600 Zestimate®
$310/sqft
$-- HOA
What's special
- 19 days |
- 284 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
The Domenico Grillo Real Estate Team 910-508-7387,
Keller Williams Innovate-Wilmington
Source: Hive MLS,MLS#: 100574007
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: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Master Bedroom, Bedroom 2, Bedroom 3, Living Room, Dining Room, Family Room
Primary bedroom
- Level: First
- Dimensions: 13 x 12
Bedroom 2
- Level: First
- Dimensions: 11 x 11
Bedroom 3
- Level: First
- Dimensions: 12 x 9
Dining room
- Level: First
- Dimensions: 12 x 9
Family room
- Level: First
- Dimensions: 24 x 14
Kitchen
- Level: First
- Dimensions: 12 x 10
Living room
- Level: First
- Dimensions: 14 x 16
Heating
- Electric, Heat Pump
Cooling
- Central Air, Attic Fan
Appliances
- Included: Gas Oven, Gas Cooktop, Built-In Microwave, See Remarks, Washer, Refrigerator, Dryer, Disposal, Dishwasher
- Laundry: None
Features
- Master Downstairs, Entrance Foyer, Mud Room, 2nd Kitchen, Apt/Suite, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Blinds/Shades, Built-in Features, Smart Thermostat, See Remarks
- Furnished: Yes
Interior area
- Total structure area: 2,744
- Total interior livable area: 2,744 sqft
Property
Parking
- Parking features: Off Street, Paved
Features
- Levels: One
- Patio & porch: Patio, Front Porch, Rear Porch
- Pool features: In Ground, See Remarks
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: See Remarks
- Frontage type: See Remarks
Lot
- Size: 0.47 Acres
- Dimensions: 108 x 229 x 102 x 181
Details
- Additional structures: Storage, Workshop
- Parcel number: R05510006007000
- Zoning: R-15
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Brick Veneer, Wood Frame
- Foundation: Brick/Mortar, Block, Slab, Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Utilities for property: Water Available
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Devon Park
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $310/sqft
- Tax assessed value: $662,300
- Annual tax amount: $3,897
- Date on market: 5/15/2026
- Cumulative days on market: 19 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Commercial,Cash,Conventional
Estimated market value
$851,600
$809,000 - $894,000
$4,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2026 | Pending sale | $849,900$310/sqft |
Source:  Hive MLS #100574007 Report a problem | ||
| 5/15/2026 | Listed for sale | $849,900+21.4%$310/sqft |
Source: Hive MLS #100574007 Report a problem | ||
| 10/1/2024 | Sold | $700,000$255/sqft |
Source: Hive MLS #100468612 Report a problem | ||
| 9/30/2024 | Pending sale | $700,000$255/sqft |
Source: Hive MLS #100468612 Report a problem | ||
| 9/30/2024 | Listed for sale | $700,000+224.1%$255/sqft |
Source: Hive MLS #100468612 Report a problem | ||
| 7/14/2017 | Sold | $216,000-4%$79/sqft |
Source: Hive MLS #100062688 Report a problem | ||
| 6/6/2017 | Pending sale | $224,900$82/sqft |
Source: Intracoastal Realty Lumina 1 #100062688 Report a problem | ||
| 5/12/2017 | Listed for sale | $224,900$82/sqft |
Source: Intracoastal Realty Corp. #100062688 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,898 -11% | $662,300 +31.6% |
| 2024 | $4,377 +14.5% | $503,100 +11.3% |
| 2023 | $3,821 +81.4% | $452,200 +82.5% |
| 2022 | $2,106 -0.7% | $247,800 |
| 2021 | $2,121 +15.6% | $247,800 +42.3% |
| 2020 | $1,835 | $174,200 |
| 2019 | $1,835 | $174,200 |
| 2018 | $1,835 | $174,200 |
| 2017 | $1,835 -2.1% | $174,200 +3% |
| 2016 | $1,875 +4.6% | $169,200 |
| 2015 | $1,792 +4.4% | $169,200 |
| 2014 | $1,716 | $169,200 |
| 2013 | -- | $169,200 |
| 2012 | -- | $169,200 -24.5% |
| 2011 | -- | $224,119 |
| 2010 | -- | $224,119 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $118,461 |
| 2004 | -- | $118,461 |
| 2003 | -- | $118,461 |
| 2002 | -- | $118,461 |
| 2001 | -- | $118,461 |
| 2000 | -- | $118,461 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Audobon/Devon Park
Nearby schools
GreatSchools rating
- 5/10Forest Hills ElementaryGrades: K-5Distance: 1.3 mi
- 6/10Williston MiddleGrades: 6-8Distance: 2.4 mi
- 3/10New Hanover HighGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- Elementary: Forest Hills
- Middle: Williston
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- New Hanover County
- Wilmington
- 28403
- Audobon/Devon Park
- 621 Decatur Drive
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