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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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Listing 100581011 , Wilmington, NC 28412
$1,299,000
Est. Payment: $2,886.67/mo
0 Bed
0 Bath
928 Sqft
Status: Active | Days on site: 95
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579500402 - 579513012
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House Description

Exceptional Development Opportunity | Rezoning Approvals Nearly in Hand This newly combined parcel presents a rare and exciting development opportunity in one of Wilmington's fastest-growing residential infill corridors. The site includes approximately 2.56 acres with approximately 100 feet of road frontage along Worth Drive, providing valuable access for utilities and vehicles to the rear acreage. Rezoning approvals are nearly in hand, positioning this property for a planned residential development and significantly advancing the project beyond the typical early-stage planning process. The site is well suited for a thoughtfully designed townhome or cottage court community with the potential for up to 20 units, subject to final approvals and development requirements. The surrounding area continues to experience substantial residential growth, with numerous new construction projects, including duplex and triplex communities, reinforcing the area's transition toward higher-density residential development. An existing 2-bedroom, 1-bath home on the property is currently leased for $1,800 per month on a 12-month term, providing immediate income while final development plans move forward. This is a unique opportunity to acquire a strategically located, development-ready parcel in a proven growth corridor with rezoning progress already substantially underway. Ideal for builders, developers, and investors seeking a residential infill project in the Wilmington market.

Highlights

Listed by Daniel J Boyle , 910-297-5322 Town & Country Real Estate , 910-763-7500.

Property Type

Commercial Sale

Lot/Acreage
2.56

HOA Fee

Year Built

2028

County

New Hanover

Neighborhood

Belmont

Listing ID

100581011

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:See Remarks
Lot Dimensions:irregular
Zoning:R-15
Parking Features:Gravel,Off Street
Principal Interest
$2,887
Taxes
$828
HOA
$0

Home Price

$1,299,000

Loan Details

30 yrs
%

Down Payment

20%
$259,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,886.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,886.67 $828.11 $0.00 $3,714.78
Yearly $34,640.00 $9,937.35 $0.00 $44,577.35
Total $1,039,200.00 $298,120.50 $0.00 $1,337,320.50

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Wilmington, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.