335 Lullwater Drive, Wilmington, NC 28403 – MLS# 100525931

Property Map

$395,999 – 335 Lullwater Drive, Wilmington, NC 28403

Street View

$395,999
4 Beds
2 Baths
1,650 SqFt
0.58 Acre Lot
25,178 Sqft Lot
Status Active
Property Type Single Family Residence
Price Type
Year Built 1954
Neighborhood College Park
Days on Website 15

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

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