115 Forest Hills Drive, Wilmington, NC 28403 – MLS# 100508665
Courtesy of Jeffrey G Hovis, Intracoastal Realty Corp
Description
Redevelopment Opportunity in Forest Hills – Prime .69 Acre Lot. Incredible investment or custom home opportunity in the centrally located Forest Hills neighborhood. Situated on an expansive .69-acre lot, this property is ideal for builders, investors, or homeowners looking to redevelop, expand, or build new.The existing structures offer flexible options — renovate and enlarge the current home, add a multi-car garage, or create functional exterior living spaces. The lot also allows for the construction of an Accessory Dwelling Unit (ADU), offering up to 50 percent of the primary home’s square footage, not to exceed 1,200 sq ft — perfect for rental income, guest quarters, or multigenerational living.Whether you’re envisioning a luxury custom residence, a dual-living setup, or a resale-ready investment, the potential here is unmatched. The oversized lot also allows ample space for a swimming pool, gardens, play areas, or further expansion.Located minutes from downtown, midtown, top restaurants, businesses, entertainment venues, and local beaches, this property combines location, scale, and versatility. Pricing reflects land value based on comparable sales in the area.Endless possibilities await — bring your vision to life in Forest Hills.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Public (City/Cty/St)
Basement
- Unfinished
Bathrooms
- 3 total bathrooms
- 2 full bathrooms
- 1 half bathroom
Bedrooms
- 4 bedrooms
Building
- Heated SqFt Range: 2200 – 2399
- 2,240 heated sqft
- Built in 1930
- 2 stories
- 6 rooms
- Construction: Wood Frame
- Porch/Balcony/Deck: None
- Stories/Levels: Two
Cooling
- Heat Pump
Dining Room
- Dining Room Type: Formal
Exterior Features
- Exterior Finish: Brick Veneer
Fence
- Back Yard
Fireplaces
- 1
Foundation
- Crawl Space
- Raised
Garage
- 1 detached garage space
- 1 garage space
- 4 driveway spaces
Heating
- Heat Pump
Interior Features
- None
Listing
- Listed on 2025-05-20
- Construction Type: Stick Built
- List Price/SqFt: $230
- Terms: Cash,Conventional
Location
- County: New Hanover
- Zip Code: 28403
- Latitude: 34.236183
- Longitude: -77.914109
- Subdivision: Forest Hills
- City Limits: Yes
Lot
- 30,144 sqft lot
- Lot Dimensions: 100 x 300
- 0.69 acres
Parking
- Off Street
- Paved
Possession
- At Closing
Property
- Zoning: R-15
Roof
- Shingle
Schools
- School District: New Hanover
Taxes
- Tax Assessed Value: $422,000
- Property Taxes: $3,671
- City Tax Rate: 4926
- Tax Year: 2024
Utilities
- Natural Gas Available
- Water Connected
- Sewer Connected