$1,385,000
 $7,225 est/mo Sourced by Back At You

2309 Lynnwood Drive,Wilmington, NC 28403

Wilmington, NC 28403

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Description

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.

Details

MLS #100580579
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusPending
Year1967
Days On Site91
Listing Provided ByCadence Realty Corporation | John F Hally

Features

Bed(s)7
Bath(s) 7 Total
SQ Feet3,754
Story(s)2
ZoningR-15
Acreage0.49
Property ViewSee Remarks

Interior

Interior FeaturesCeiling Fan(s), Walk-in Shower, Blinds/Shades, Built-in Features
Heating Yes / NoYes
Cooling Yes / NoYes
CoolingCentral Air, Zoned, Multi Units
Fireplace Yes / NoNo
FurnishedNegotiable
Rooms Total13

Exterior

Exterior FeaturesIrrigation System, Thermal Doors
RoofArchitectural Shingle
Foundation DetailsSlab
Lot FeaturesLandscaped, Sprinklers in Front
ViewSee Remarks
Construction MaterialsBlock, Brick, Wood Frame
Security FeaturesSmoke Detector(s)

Parking

Attached Garage Yes / NoNo
Garage Yes / NoNo
Parking FeaturesCircular Driveway, Off Street

Utilities

UtilitiesNatural Gas Connected, Sewer Connected, Water Connected

Taxes

Tax Assessed Value830500
Tax Book Number7
Tax Legal DescriptionLOT 3 BK 5 SEC 1 GLEN MEADE
Tax Year2025

Area Information

StateNC
CountyNew Hanover
CityWilmington
Zip Code28403
Community NameGlen Meade
School DistrictNew Hanover
Elementary SchoolAlderman
High SchoolNew Hanover
Listing VS Median (in Glen Meade)
Price:
$1,385,000
low | high
Med:
$1,022,907
76.143898916968% of Average
sqft:
3,754
low | high
Med:
2,667
78.969099627064% of Average
$ / sqft:
$369
low | high
Med:
$384
46.040697738717% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You

Market Activity 28403

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Learn More About This Property

StateNC
CountyNew Hanover
CityWilmington
Zip Code28403
Community NameGlen Meade
School DistrictNew Hanover
Elementary SchoolAlderman
High SchoolNew Hanover
Listing VS Median (in Glen Meade)
Price:
$1,385,000
low | high
Med:
$1,022,907
76.143898916968% of Average
sqft:
3,754
low | high
Med:
2,667
78.969099627064% of Average
$ / sqft:
$369
low | high
Med:
$384
46.040697738717% of Average
On site:
91
low | high
Med:
91
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.38M - $1.731M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
2301 Parham Drive Property Photo 1
$1,150,000
2301 Parham Drive
Wilmington, NC 28403
Listing Updated: August 20, 2026 at 2:01:31 PM PDT