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… Read More 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 yard 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. Read Less
Courtesy of The Domenico Grillo Real Estate Team, Keller Williams Innovate-Wilmington
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Partial Baths
1
Square Ft.
2,744
Lot Size
0.47 Acres
Year Built
1959
MLS Number
100574007
30 Days Snapshot Of 28403
$647k
+25%
(avg) sold price
29
+20%
homes sold
109
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: "Maintained", "City Street", "State Road"
Built in 1959, Construction materials: "Brick Veneer", "Wood Frame", Levels: "One", Living area units: Square Feet, 1 total story, Structure type: "Wood Frame", "Stick Built", Other structures: "Storage", "Workshop", Toal building area: 2744
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