2309 Lynnwood Dr, Wilmington, NC 28403

$1,385,000
: 7
BD
: 7
BA
: 3,754
SqFt

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List Price: $1,385,000
Price Change: ▼ $50,000 1784825341
MLS#: 100580579
Status: ACTIVE
Year Built: 1967
Bedrooms: 7
Bathrooms: 7
Half-baths: 2
Living Sq. Ft: 3,754
Acres: 0.49
County: New Hanover
Subdivision: Glen Meade

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Property Description

Boasting a high-income-producing detached Accessory Dwelling Unit (ADU), 2309 Lynnwood Drive offers a rare opportunity to own a beautifully renovated property in Wilmington's highly sought-after Glen Meade/South Oleander neighborhood. The detached guest house has a proven short-term rental history, generating $4,280.61 in May, $5,955.66 in June, and a projected $7,258.82 in July, making it ideal for supplemental income, multi-generational living, or private guest accommodations. The property features a reimagined 4-bedroom, 3.5-bath main residence and a newly constructed 3-bedroom, 2.5-bath guest house, offering nearly 3,800 square feet of living space across two homes. Completed in 2024, the guest house--known as The Magnolia--includes its own private entrance, driveway, fire pit, and outdoor shower. The extensively renovated main home showcases a spacious primary suite addition, custom mahogany details, polished concrete floors, updated bathrooms, and a designer kitchen with custom cabinetry and premium finishes. Major upgrades include two new HVAC systems, spray foam insulation, new landscaping, a wraparound driveway, and a privacy fence. Ideally located just minutes from Historic Downtown Wilmington, Wrightsville Beach, and Cape Fear Country Club, this exceptional property combines location, luxury, and investment potential in one of Midtown Wilmington's most desirable neighborhoods. Seller is the listing agent and a licensed North Carolina Real Estate Broker.

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