Pending

621 Decatur Drive

Wilmington, NC 28403

$849,900 $3,583/Mo

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Overview

Bed

Bath

2,744

Sqft

0.47

Acre(Lot)

Description

Welcome to ILM Retreat -- a rare luxury investment opportunity in the heart of Wilmington offering exceptional income potential and resort-style living. This fully furnished private retreat features a beautifully updated 3 bedroom, 2 bathroom main residence paired with a detached 2 bedroom, 1 bathroom ADU that lives like its own private home, creating the ideal setup for short-term rental income, multi-generational living, or an owner-occupied investment property. Currently operating as a successful short-term rental with impressive annual income, this property is truly turnkey inside and out. Designed for both relaxation and entertaining, the backyard feels like a private resort complete with a heated saltwater pool, hot tub, covered outdoor living area, fire pits, and a fully fenced yar d offering total privacy. Guests and owners alike will appreciate the private gym with equipment, dedicated workspace with standing desk, high-speed WiFi, smart TVs, and multiple indoor and outdoor gathering spaces. The property also includes two full kitchens, laundry in both the main home and apartment, private driveway parking, and convenient self check-in with keyless entry. Inside, extensive renovations and updates shine throughout, including newer HVAC systems, newer roof, modern finishes, and thoughtfully designed living spaces that blend comfort with style. The flexible floorplan offers five total bedrooms with a spacious king suite in the main home, additional queen bedrooms, and private accommodations in the detached apartment. Centrally located in midtown Wilmington, this property provides easy access to beaches, shopping, dining, downtown Wilmington, and University of North Carolina Wilmington. Whether you're searching for a luxury primary residence, vacation home, or high-performing investment property, ILM Retreat delivers an unmatched combination of location, lifestyle, and revenue potential.

Property Details

Property Type : Residential

Price : $849,900

AD Id : 78653812

MLS Id : 100574007

Beds : 3

Lot Size : 0.47 Acre

Living Area Size : 2,744

Year Built : 1959

County : New Hanover

Subdivision: Stone Valley

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 3 Full Baths: 2 Half Baths: 1

Room Information

Rooms Total: 7 Basement: Crawl Space
Roofing Information

Shingle
Interior Features

Master Downstairs, Entrance Foyer, Ceiling Fan(s), Pantry, Built-in Features, Smart Thermostat, See Remarks Roof: Shingle Appliances: Gas Oven, Gas Cooktop, Washer, Refrigerator, Dryer, Disposal, Dishwasher, Microwave, Electric Water Heater Laundry Features: None Window Features: Window Coverings
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Attic Fan

Building Information

Year Built: 1959 Building Area Total: 2744 Construction Materials: Brick Veneer, Frame Patio And Porch Features: Patio, Front Porch, Rear Porch Pool Features: In Ground, See Remarks Private Pool: No View: See Remarks

Lot Information

Lot Dimensions: 108x229x102x181 Main Square Feet: 0.47 Acres Lot Size Acres: 0.47 Lot Size Square Feet: 20430

Property Information

Subdivision: Devon Park Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 67

Listing Price Information

Listing Price: $849900 Cash, Conventional

Tax Information

Parcel Number: R05510-006-007-000 Tax Year: 2025 Annual Tax: $3897.64

Parking Information

Off Street, Paved

Homeowners Association Information
Association Amenities: None

School Information

Elementary School: Forest Hills

Junior High School: Williston

Senior High School: New Hanover
Utility Information

Water Available
Location Information

Direction: From South College Road; West on Wilshire Blvd (towards Downtown/away from Beach). Right on Bonham Avenue. Left on Hoggard Street. Left on Winston Blvd. Right on Decatur. House is 3rd property on the Right. WaterSource: Public Security Features: Smoke Detector(s)

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
136 Stones Throw Lane, Wilmington, NC, 28403	$1,790,000	5	5	3,914	3,914 SqFt
7200 Airlie Place, Wilmington, NC, 28403	$1,875,000	3	4	2,425	2,425 SqFt
1805 Trey Court, Wilmington, NC, 28403	$1,999,000	4	4	3,284	3,284 SqFt
1802 Barkley Avenue, Wilmington, NC, 28403	$1,299,000	4	4	2,280	2,280 SqFt
605 Bradley Creek Point.., Wilmington, NC, 28403	$2,599,000	4	4	5,233	5,233 SqFt
2003 Sea Canyon Lane, Wilmington, NC, 28403	$2,000,000	4	4	2,929	2,929 SqFt
521 Airlie Road #VALAND.., Wilmington, NC, 28403	$4,331,973	4	6	5,950	5,950 SqFt
521 Airlie Road #LONGLE.., Wilmington, NC, 28403	$2,696,534	3	3	3,234	3,234 SqFt
521 Airlie Road #RIVERR.., Wilmington, NC, 28403	$2,848,236	3	4	3,573	3,573 SqFt
521 Airlie Road #PINE R.., Wilmington, NC, 28403	$6,067,162	4	6	7,119	7,119 SqFt

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ByOwner last updated this listing 06/14/2026 @ 15:24

MLS: 100574007 LISTED BY: The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington SOURCE: Hive MLS (North Carolina Regional)