115 Forest Hills Drive
Wilmington, NC, 28403 $ 529,900
Bedrooms4 Baths2.1 Sq 2,820 Monthly Estimate*
$ 3,306
for $529,900 with 4 bedrooms and 2 full baths, 1 half bath. This 2,820 square foot home was built in 1930 on a lot size of 0.69.
Redevelopment Opportunity in Forest Hills - Prime .69 Acre Lot. Incredible investment or custom home opportunity in the centrally located Forest Hills neighborhood. Situated on an expansive .69-acre lot, this property is ideal for builders, investors, or homeowners looking to redevelop, expand, or build new. The existing structures offer flexible options — renovate and enlarge the current home, add a multi-car garage, or create functional exterior living spaces. The lot also allows for the construction of an Accessory Dwelling Unit (ADU), offering up to 50 percent of the primary home's square footage, not to exceed 1,200 sq ft — perfect for rental income, guest quarters, or multigenerational living. Whether you're envisioning a luxury custom residence, a dual-living setup, or a resale-ready investment, the potential here is unmatched. The oversized lot also allows ample space for a swimming pool, gardens, play areas, or further expansion. Located minutes from downtown, midtown, top restaurants, businesses, entertainment venues, and local beaches, this property combines location, scale, and versatility. Pricing reflects land value based on comparable sales in the area. Endless possibilities await — bring your vision to life in Forest Hills.
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FeaturesGeneralLiving Area 2820.0
Heating Heat Pump Electric
Cooling Heat Pump
Utilities Natural Gas Available Sewer Connected Water Connected
Possession Close Of Escrow At Closing
Roof Shingle
Zoning R-15
Garage Spaces 1.0
Patio/Porch Features None
Construction Materials Brick Veneer
Year Built 1930
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Tax Year 2024
Taxes 3671.4
Parcel Number R04820-011-022-000
County New Hanover
Operating Expense 0.0
New Construction N
Property Type Residential
In City Limits? (Y/N) Y
HOA N
Attached Garage N
Subdivision Name Forest Hills
Garage Y/N N
Total Rooms 6
Full Baths 2
Status Active
Directions Traveling east on Market St turn right onto Forest Hills Dr and the home is on the left.
High School New Hanover
City Wilmington
High School District New Hanover
Open Parking Spaces 4
Lot Size Units Acres
Lot Size Square Feet 30144.0
Carport Spaces 0.0
Carport Y/N N
Elementary School Forest Hills
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Middle/Junior High School Williston
Lease Considered Y/N N
Structure Type Wood Frame
Living Area Units Square Feet
Standard Status Active
Tax Assessed Value 422000
Legal Description Lt 11A Sec A Forest Hills S/D
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InteriorInterior Amenities None
Basement Unfinished
Master Bed Level Non Primary Living Area
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Half Baths 1
Total Bedrooms 4
Room Type Dining Room
Total Baths 3
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ExteriorExterior Finish Brick Veneer
Fencing Back Yard
Parking Features Off Street Paved
Total Parking 1.0
Lot Size Area 0.69
Foundation Details Raised Crawl Space
Spa N
Building Area Total 2240
Lot Dimensions 100 x 300
Lot Size Acres 0.69
Waterfront Y/N N
Road Frontage Type City Street State Road
Crops Included Y/N N
Horse Y/N N
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* Excluded FeaturesList ByJeffrey G HovisListing Agent
Intracoastal Realty CorpBroker
jhovis@intracoastalrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,306
- Monthly Property Taxes
- $306
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Wilmington, NC
Average List Price $780,193
Percent of Sale Price 47%
About Wilmington, NC 122,120 Population
35% Since 2002
$ 47,464 Median Income
36.47 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
4735561 Elementary School
4736089 Middle School
New Hanover High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/6/2025 | $529,900 | -1.85% | Price Down |
| 11/26/2025 | $539,900 | -1.82% | Price Down |
| 10/31/2025 | $549,900 | -5.17% | Price Down |
| 10/27/2025 | $579,900 | -1.70% | Price Down |
| 10/21/2025 | $589,900 | -1.67% | Price Down |
| 9/29/2025 | $599,900 | -1.66% | Price Down |
| 9/16/2025 | $610,000 | -6.01% | Price Down |
| 6/26/2025 | $649,000 | -1.52% | Price Down |
| 6/11/2025 | $659,000 | -5.72% | Price Down |
| 5/20/2025 | $699,000 | | Listed Price |