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

$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
Price: $395,999
Beds: 4
Baths: 2
Living Area SqFt: 1,650
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.58
Lot Size SqFt: 25,178
Year Built: 1954
Neighborhood: College Park
Days on Website: 17

Courtesy of Stephen G Mills, Margaret Rudd Assoc/Sp

Property 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.

$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington
$395,999 - 4Br/2Ba -  for Sale in College Park, Wilmington

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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

Property Map

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

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© 2025 Hive MLS

MLS LogoThe data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of September 6, 2025 8:30PM. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Margaret Rudd Assoc/Sp shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.