41 Pelican Point Road

Wilmington, NC 28409

$649,000

$263 per Sq.Ft.

Active
4 beds
3 baths
2472 Sq. Ft.
Residential
Built in 1973
MLS #100465449

4 beds

3 baths

2472 Sq. Ft.

Residential

Built in 1973

MLS #100465449

Deeded Water Access and Income Potential in Wilmington, NC 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 large primary suite includes a beautifully updated bathroom, offering a luxurious retreat. Outside, the private boat ramp 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 and dehumidifier 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!

Interior Features

Total bedrooms

4 bedrooms

Full bathrooms

3 full bathrooms

Half bathrooms

0 half bathrooms

Kitchen appliances

Wall oven, stove/oven - electric, refrigerator, ice maker, cooktop - gas

Interior features

Master downstairs, 2nd kitchen, apt/suite, ceiling fan(s)

Flooring

Lvt/lvp, tile

Cooling

Heating

Heat pump, fireplace insert, fireplace(s), electric, forced air, propane, zoned

Exterior Features

Lot size

0.65 acres

Lot features

Dead end

Water front

Water features

Deeded water access, water access comm

Fencing

Chain link, back yard, wood

Exterior features

Brick veneer

Roof

Shingle

HOA Information

HOA

Schools

Elementary school

Masonboro Elementary

Middle school

Myrtle Grove

High school

Hoggard

Other Information

Tax assessed value

$353,800.00

Tax amount

$1,848.61

Tax year

2023

Zoning

R-15

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Listing provided courtesy of: Corcoran HM Properties. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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About Wilmington

Located on the Southeastern tip of North Carolina and home to more than 100,000 residents, Wilmington is located between the Atlantic Ocean and the Cape Fear River. Wilmington is a charming and contemporary small city with abundant lifestyle options and a thriving business climate.

Market trends

There were 376 new listings in Wilmington last month. The average time on market was 41 days and the average price of new new listings was $603,048. Over the last three months, the average sale price to list price ratio was 97.33%.

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Homes for sale

Wilmington has the widest variety of neighborhoods and home styles to choose from in the area.

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41 Pelican Point Road