335 Lullwater Drive, Wilmington, NC 28403 – MLS# 100525931
Courtesy of Stephen G Mills, Margaret Rudd Assoc/Sp
Description
Tucked into the vibrant character of Wilmington and brimming with strategic potential, this four-bedroom, two-bathroom residence offers a rare combination of established income and lifestyle adaptability. Generating consistent rental income of $2,700 per month, the property operated as a registered group home with the City of Wilmington, offering a turnkey opportunity for investors or care-focused operators seeking a high-yield model in a flourishing coastal market.Step inside to a thoughtfully designed floor plan where function meets comfort. The living room, with its large front-facing window, flows seamlessly into a dining area and an efficient, well-lit kitchen equipped with durable countertops, ample cabinetry, and low-maintenance flooring. The primary bedroom is privately situated and filled with natural light, offering a peaceful retreat. Three additional bedrooms–each with sizable closets and neutral finishes–are roomy retreats. Bathrooms feature modern vanities, vinyl flooring, and clean-lined fixtures for ease of upkeep.The exterior offers equal promise, with a spacious backyard inviting relaxation or extension. Mature trees at the edge of the lot provide a natural screen, while the front lawn is easily maintained with opportunity for custom landscaping. Off-street parking adds convenience for both residents and visitors. Positioned near the University of North Carolina Wilmington, major retailers, dining, public transit, and Wrightsville Beach, this home balances income potential with lifestyle flexibility.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Paved,Public (City/Cty/St)
Appliances & Equipment
- Electric Oven
- Refrigerator
- Range
Attic Information
- Stairs – Pull Down
Basement
- None
Bathrooms
- 2 total bathrooms
- 2 full bathrooms
Bedrooms
- 4 bedrooms
Building
- Heated SqFt Range: 1600 – 1799
- 1,650 heated sqft
- Built in 1954
- 1 story
- 7 rooms
- Construction: Wood Frame
- Porch/Balcony/Deck: Covered
- Stories/Levels: One
Cooling
- Central Air
- Heat Pump
Dining Room
- Dining Room Type: Combination,Kitchen
Exterior Features
- Exterior Features: None
- Exterior Finish: Vinyl Siding
Fence
- Back Yard
- Partial
Fireplaces
- None
Floors
- See Remarks
Foundation
- Slab
Garage
- Garage & Parking: None
Water Features
- Electric
Heating
- Forced Air
- Heat Pump
Home Owner’s Association
- HOA Amenities: No Amenities
Interior Features
- Ceiling Fan(s)
- Walk-in Shower
Laundry
- Laundry Location: Laundry Room
Listing
- Listed on 2025-08-19
- Construction Type: Stick Built
- List Price/SqFt: $240
- Terms: Cash,VA Loan,FHA,Conventional
Location
- County: New Hanover
- Zip Code: 28403
- Latitude: 34.233808
- Longitude: -77.881981
- Subdivision: College Park
- City Limits: Yes
Lot
- 25,178 sqft lot
- Lot Dimensions: 130x190x131x200
- 0.58 acres
- Lot Description: Interior Lot
- Lot Water Features: None
Energy Saving
- Green Bldg Certify: None
- Green Bldg Features: None
Parking
- Off Street
Possession
- At Closing
Property
- Zoning: R-10
Roof
- Composition
Schools
- School District: New Hanover
Taxes
- Tax Assessed Value: $386,300
- Property Taxes: $2,273
- City Tax Rate: 1889
- Tax Year: 2025
Utilities
- Sewer Connected
- Water Connected
- Electric Provider: Duke Progress Energy