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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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5417 Park Ave , Wilmington, NC 28403
$625,000
Est. Payment: $1,388.89/mo
5 Bed
4 Bath
2528 Sqft
Status: Active | Days on site: 2
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House Description

Excellent opportunity to own 2 income-producing units on a single parcel less than 1 mile from UNCW! Situated on a spacious 0.27-acre lot, this unique property offers a 1,419 sq ft, 3-bedroom, 2-bath main home plus a 1,109 sq ft detached 2-bedroom, 1.5-bath ADU, providing a total of 2,528 heated sq ft, making it an excellent opportunity for rental income, multigenerational living, or guests. The main home features a spacious living room leading into the expansive kitchen and dining area. The kitchen offers stainless steel appliances, abundant cabinetry, and a large center island. Privately located at the rear of the home, the primary suite includes a spacious walk-in closet and an en suite bath with dual vanities and a deep jetted tub. Two additional bedrooms and a full bath provide flexibility for family or guests. Additional features include a covered front porch and a laundry/mud room opening to a wood deck connected to the ADU. The ADU, recently renovated in 2025, features durable luxury vinyl plank flooring throughout. The lower level includes two bedrooms with tray ceilings, a full bath with dual vanities and a tiled walk-in shower, plus a laundry closet. Upstairs, the open living area features a kitchen with granite countertops, stainless steel appliances, a raised breakfast bar, and a half bath. The balcony off the main porch offers the perfect place to enjoy morning coffee. An oversized driveway and parking pad provide abundant off-street parking. Recent updates include a new roof on the main home (2023), main home HVAC (2022), ADU HVAC (2024 with Anderson Air warranty through December 2034), and water heaters in both residences (main home 2022; ADU 2024). Conveniently located less than 1 mile from UNCW and the Wilmington Municipal Golf Course, 5 miles from Wrightsville Beach, and 7 miles from downtown Wilmington, this property combines an unbeatable location with exceptional flexibility for homeowners and investors alike.

Highlights

Listed by Jeff Lesley , 910-407-1538 Century 21 Vanguard , 910-769-1465.

Property Type

Residential

Lot/Acreage
0.26

Year Built

2004

County

New Hanover

Neighborhood

Not In Subdivision

School District

New Hanover

Listing ID

100602701

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:5
  • Bathrooms:4
  • Full Bathrooms:3
  • 1/2 Bathrooms:1
Appliances:Refrigerator, Dishwasher, Electric Range
Air Cond:Central Air,Heat Pump
Fireplaces:
Floor:Laminate,Tile
Other:
  • Additional:Master Downstairs, Walk-in Closet(s), Mud Room, Kitchen Island, 2nd Kitchen, Walk-in Shower, Eat-in Kitchen, Walk-In Closet(s)
Water:Public

Exterior Features

Lot:Open Lot,Fencing: None
Lot Dimensions:irregular
Garage Capacity:6
Zoning:R-15
Roof:Architectural Shingle
Parking Features:Gravel,Concrete,Off Street,On Site
Principal Interest
$1,389
Taxes
$398

Home Price

$625,000

Loan Details

30 yrs
%

Down Payment

20%
$125,000
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Monthly Price:
$1,388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,388.89 $398.44 $0.00 $1,787.33
Yearly $16,666.67 $4,781.25 $0.00 $21,447.92
Total $500,000.00 $143,437.50 $0.00 $643,437.50

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.