4806 Collegiate Drive
Wilmington, NC 28403
$655,000
About the property
Tucked into the established College Park neighborhood just minutes from UNCW and under 15 minutes to Wrightsville Beach, this 4-bedroom, 4.5-bath home is a rare turnkey opportunity -- a proven short-term rental with no HOA, in one of Wilmington's most rentable locations. It already has over $52,000 in bookings on the calendar for the current year and is on track for $65,000-$75,000 in gross rental income, making it a compelling buy for investors while living equally well as a primary or multi-generational residence.
The standout is the layout: all four bedrooms feature their own private en-suite bathroom -- a true rarity that makes the home ideal as a short-term rental, a premium college rental near campus, or a comfortable home for families and roommates alike. A private elevator serves all three levels, adding genuine convenience and accessibility while widening the home's appeal to every kind of guest.
The main living level centers on an open-concept great room, where a generous living and dining space flows into a kitchen with granite countertops, stainless steel appliances, a center island, and a pantry. Step out to the screened porch off the kitchen and take in the private, wooded backyard -- built for morning coffee or evenings around the firepit.
Upstairs, a secluded primary suite offers a large walk-in closet and a spa-style bath with a tiled walk-in shower and dual vanity. The ground level adds a two-car garage, a universal EV charger, ample storage, and a private en-suite bedroom -- perfect for guests, a home office, or a separate suite. Between the location, the income history, and the rare four-en-suite layout, this is a turnkey investment that's tough to replicate.
At a glance
Listing details
- Full bathrooms
- 3
- Half bathrooms
- 1
- Heated square feet
- 2,711
- Lot acres
- 0.14
- Lot dimensions
- 94x58x123x95x62
- Stories
- 3
- Zoning
- R-10
- HOA
- No
- Waterfront
- No
- Fireplace
- No
Education
Schools
- Elementary school
- College Park
- Middle school
- Williston
- High school
- New Hanover
- School district
- New Hanover
Complete report
Property features
- City
- Wilmington
- Sub-Type
- Single Family Residence
- County
- New Hanover
- Location Type
- Mainland
- Subdivision
- College Park
- Secondary Subdivision
- N/A
- City Limits
- Yes
- Marketing City
- Wilmington
- Year Built
- 2011
- # Baths - Total
- 4
- # Bedrooms
- 4
- # Rooms
- 8
- Master Bedroom Level
- Non Primary Living Area
- New Construction
- No
- Handicap Accessible
- Elevator
- Appliances/Equip
- Built-In Microwave; Dishwasher; Electric Range
- Construction
- Wood Frame
- Cooling
- Central Air; Wall/Window Unit(s)
- Dining Room Type
- Combination
- Entry Level Information
- Entry Level: 1
- Exterior Finish
- Vinyl Siding
- Foundation
- Slab
- Terms
- Cash; Conventional
- Flooring
- Carpet; Tile; Wood
- Fencing
- Back Yard; Wood
- Interior Features
- Ceiling Fan(s); Elevator; Pantry; Walk-in Shower; Walk-In Closet(s)
- Garage & Parking
- Attached Garage Spaces: 2; Detached Garage Spaces: 0; Total # Garage Spaces: 2; Total Carport Spaces: 0
- HOA and Neigh Amenities
- No Amenities
- Heated SqFt
- 2600 - 2799
- Heating
- Heat Pump
- Heating System Fuel Source
- Electric
- Laundry Features
- Laundry Room
- Patio and Porch Features
- Deck; Porch; Screened
- Parking Features
- Concrete; Off Street
- Roof
- Shingle
- Road Type/Frontage
- Public (City/Cty/St)
- Levels
- 3 Story or More
- Utilities
- Sewer Connected; Water Connected
- Sewer
- Municipal Sewer
- Water Source
- Municipal Water
- Construction Type
- Stick Built
- View Type
- None
- Frontage Type
- None
- Tax Assessed Value
- $529,700
- Cobra Zone
- No
- Deed Book
- 5808
- Deed Page
- 2679
- Plat Book
- 0
- PID
- R05507-002-088-000
- Tax Identifier
- R05507-002-088-000
- Plat Page
- 0
- Total Real Estate Property Taxes
- $3,117.29
- Special Assessments
- none
- Tax Year
- 2025
- Legal
- Lot Adj Winterwood
- Directions to Property
- TakeUS-17 BUS S/Market St Turn left onto Lullwater D Turn left onto Collegiate Dr