$1,789,000

1821 Avalon Avenue

Wilmington NC, 28409

Description

Prepare to be amazed by Driftwood Manor. A spectacular Intracoastal Waterway front property that boasts 1000 feet of panoramic and unobstructed views of the ICWW, Masonboro Island, and the Atlantic Ocean! This one of a kind expansive listing encompasses approximately 2 acres of buildable upland that can easily be subdivided into 4 individual parcels - each with their own 35 foot boat slip at the private floating pier and dock that has recently been refurbished and repowered. Two of the 4 boat slips have brand new 13,000 lb electronic lifts with remotes. All new pilings and decking has been installed at the end of the pier. As you are looking at the property from the pier, you see the main home which sits on approximately half an acre with an additional .80 acre of natural marsh fronting the ICWW. The home features 4 bedrooms, recent updating throughout including the 3 full baths, new kitchen aide appliances, countertops and backsplash in the kitchen, refinished hardwood floors, and an expanded and completely renovated master suite which opens to the new wrap around deck and show stopping water views. The ground level fire pit patio area creates the ultimate space to soak in the views and ocean breezes. This property is protected by a new bulkhead on the ICWW and a new privacy gate at the main entrance of the property. This home has excellent VRBO or AirBnB potential with its two complete living spaces and separate entrances to the upstairs and downstairs areas of the main home. But wait, there's more! Directly behind the main house parcel, there is a 15,000 square foot vacant lot....and ANOTHER 15,000 square foot lot behind that one! You could build two separate homes on these lots and include a boat slip with each! But wait there's even MORE! Rounding out this amazing opportunity is a 4TH approximately half acre parcel with an 864 square foot 1 bedroom 1 bath guest cottage that has been fully renovated! The cottage can also happily serve as a rental space. A third home could be built on this parcel as well. The options are endless with this property! Live where you love and put the rest of the property to work for you with extra income or enjoy the privacy and live on the Intracoastal Waterway! Seller is willing to consider subdividing in numerous ways.

Details

MLS#100241433
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site5

Features

ZoningR-15
Acreage2.03
Water FrontYes
Property ViewYes
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Area Information
StateNC
CountyNew Hanover
CityWilmington
Zip Code28409
AreaNew Hanover
Community NameAvalon
Listing VS Median (in Avalon)
Price:
$1,789,000
low | high
Med:
$246,990
100% of Average
On Site:
5
low | high
Med:
45
11.111111111111% of Average
Listing Updated: 10/19/2020
Greg Barber LogoMLS Number: 100241433
Listing Provided By:
Greg Barber  of  Barber Realty Group Inc.
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