41 Pelican Point Road, Wilmington, NC 28409

$649,000 Asking Price

4 beds
3 baths
2,472  sqft
Built in 1973

Deeded Water Access and Income Potential in Wilmington, NCThis newly renovated ranch home offers a unique opportunity for both homeownership and rental income. Situated on a spacious .65-acre lot with deeded water access, this property, built in 1973, provides a blend of modern living and investment potential. With three bedrooms and two baths in the main house and a separate one-bedroom, one-bath apartment with a private entrance, this home is perfect for multi-family living or generating rental income.The main house, ideal for a couple or small family, features an open-concept design with a chef's kitchen complete with high-end KitchenAid appliances, a gas stovetop, and stylish fixtures. The large primary suite includes a beautifully updated bathroom, offering a luxurious retreat. Outside, the private boat ramp provides direct access to the Intracoastal Waterway (ICWW), making this property a dream for boating enthusiasts. The expansive yard and deck are ideal for outdoor activities, adding to the appeal of coastal living.The separate apartment, equipped with its own kitchen and private entrance, is perfect for short-term rentals like Airbnb or long-term tenants, offering flexibility for rental income. A new HVAC system and dehumidifier ensure year-round comfort, enhancing the property's appeal to renters and occupants alike.Located in a desirable school district and offering ample parking, this property is well-positioned for both convenience and long-term value appreciation. Whether you're interested in managing short-term rentals or securing long-term tenants, the combination of modern amenities, deeded water access, and prime location makes this home a strong investment opportunity.Contact us today to learn more about this rare opportunity in Wilmington's competitive real estate market!


Features & Amenities

Interior

General:
1st Floor Master,Gas Logs,Ceiling Fan(s),Apt/Suite,2nd Kitchen
Flooring:
LVT/LVP,Tile
A/C:
Heat Pump
Heating:
Fireplace Insert,Zoned,Forced Air,Fireplace(s), Electric,Propane Gas

Construction

Roofing:
Shingle

Location

County:
New Hanover

Lot

Zoning:
R-15, LOT 9R PELICAN POINT ESTATES, R07213-002-010-000

This listing courtesy of:
Corcoran HM Properties

About Wilmington, NC

Housing

Number of Units
106,487
Median Home Value
$297,369
Median Rent
$942

40.10% of housing units are renter occupied.

10.15% are vacant.

Commute

Car
64.28%
Public Transportation
0.34%
Walk to Work
1.40%
Work from Home
33.44%
Other
0.18%

The median travel time to work is 14 minutes.

People

Population
218,382
Median Age
40.40
Median Household Size
2.50

Education

High School
19.57%
Associate’s Degree
9.69%
Bachelor’s Degree
28.58%
Graduate Degree
15.26%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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