Boasting a high-income-producing detached Accessory Dwelling Unit (ADU), 2309 Lynnwood Drive offers a rare opportunity to own a beautifully renovated property in Wilmington's highly sought-after Glen Meade/South Oleander neighborhood. The detached guest house has a proven short-term rental history, generating $4,280.61 in May, $5,955.66 in June, and a projected $7,258.82 in July, making it ideal for supplemental income, multi-generational living, or private guest accommodations. The property features a reimagined 4-bedroom, 3.5-bath main residence and a newly constructed 3-bedroom, 2.5-bath guest house, offering nearly 3,800 square feet of living space across two homes. Completed in 2024, the guest house--known as The Magnolia--includes its own private entrance, driveway, fire pit, and outdoor shower. The extensively renovated main home showcases a spacious primary suite addition, custom mahogany details, polished concrete floors, updated bathrooms, and a designer kitchen with custom cabinetry and premium finishes. Major upgrades include two new HVAC systems, spray foam insulation, new landscaping, a wraparound driveway, and a privacy fence. Ideally located just minutes from Historic Downtown Wilmington, Wrightsville Beach, and Cape Fear Country Club, this exceptional property combines location, luxury, and investment potential in one of Midtown Wilmington's most desirable neighborhoods. Seller is the listing agent and a licensed North Carolina Real Estate Broker.
| MLS # | 100580579 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1967 |
| Days On Site | 91 |
| Listing Provided By | Cadence Realty Corporation | John F Hally |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 7 Total |
| SQ Feet | 3,754 |
| Story(s) | 2 |
| Zoning | R-15 |
| Acreage | 0.49 |
| Property View | See Remarks |
| Interior Features | Ceiling Fan(s), Walk-in Shower, Blinds/Shades, Built-in Features |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Zoned, Multi Units |
| Fireplace Yes / No | No |
| Furnished | Negotiable |
| Rooms Total | 13 |
| Exterior Features | Irrigation System, Thermal Doors |
|---|---|
| Roof | Architectural Shingle |
| Foundation Details | Slab |
| Lot Features | Landscaped, Sprinklers in Front |
| View | See Remarks |
| Construction Materials | Block, Brick, Wood Frame |
| Security Features | Smoke Detector(s) |
| Attached Garage Yes / No | No |
|---|---|
| Garage Yes / No | No |
| Parking Features | Circular Driveway, Off Street |
| Utilities | Natural Gas Connected, Sewer Connected, Water Connected |
|---|
| Tax Assessed Value | 830500 |
|---|---|
| Tax Book Number | 7 |
| Tax Legal Description | LOT 3 BK 5 SEC 1 GLEN MEADE |
| Tax Year | 2025 |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Community Name | Glen Meade |
| School District | New Hanover |
| Elementary School | Alderman |
| High School | New Hanover |
| Listing VS Median (in Glen Meade) | |
Price: $1,385,000 low | high Med: $1,022,907 sqft: 3,754 low | high Med: 2,667 $ / sqft: $369 low | high Med: $384 On site: 91 low | high Med: 91 | |
| State | NC |
|---|---|
| County | New Hanover |
| City | Wilmington |
| Zip Code | 28403 |
| Community Name | Glen Meade |
| School District | New Hanover |
| Elementary School | Alderman |
| High School | New Hanover |
| Listing VS Median (in Glen Meade) | |
Price: $1,385,000 low | high Med: $1,022,907 sqft: 3,754 low | high Med: 2,667 $ / sqft: $369 low | high Med: $384 On site: 91 low | high Med: 91 | |
![]() | $1,150,0002301 Parham DriveWilmington, NC 28403 |