Wilmington, NC 28403 2309 Lynnwood Drive

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 coveted Glen Meade/South Oleander neighborhood. Nestled among tree-lined streets and timeless historic charm, this thoughtfully updated property blends classic character with modern convenience while providing exceptional flexibility for homeowners, guests, or continued rental income. The detached ADU has a proven short-term rental history, generating impressive income with $4,280.61 in May, $5,955.66 in June, and a projected $4,946.13 for July. Whether you're seeking supplemental income, multigenerational living, or a private guest retreat, this property delivers both charm and investment potential in one of Wilmington's most desirable neighborhoods. Just minutes from Historic Downtown Wilmington, Wrightsville Beach, and some of the city's best dining and shopping, the property is ideally situated for enjoying everything coastal living has to offer. Residents can take a quick golf cart ride to Cape Fear Country Club, enjoy evening walks through one of Wilmington's most beloved neighborhoods, or spend the day exploring the riverfront and nearby beaches. 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. Whether you're seeking a multi-generational living arrangement, private guest accommodations, a dedicated work-from-home retreat, or an income-producing opportunity, the possibilities are endless. Completed in 2024, the guest house, known as The Magnolia, has been successfully operated as a short-term rental and offers exceptional privacy with its own dedicated entrance, driveway, and outdoor retreat. Guests enjoy a private backyard haven complete with a fire pit and outdoor shower, offering a relaxing outdoor gathering space that embodies the relaxed charm of Southern living. Over the past several years, the property has undergone an extensive transformation. The main residence features a spacious primary suite addition, custom mahogany details throughout, polished concrete flooring, updated bathrooms, and a beautifully renovated kitchen with custom cabinetry and designer finishes. Significant infrastructure upgrades, including two new HVAC systems and spray foam insulation, provide modern comfort and energy efficiency, while new landscaping, a welcoming front porch and portico, a wraparound driveway, and a privacy fence create a polished and cohesive outdoor experience. Surrounded by mature landscaping and meticulously designed outdoor spaces, the property offers the privacy and flexibility of an estate-like setting while remaining close to everything Wilmington has to offer. The expansive lot provides room to entertain, gather, and unwind while maintaining a sense of seclusion rarely found in such a central location. Properties that combine location, craftsmanship, income potential, and room to grow rarely come to market in Midtown Wilmington. Whether you're seeking a forever home, a multi-generational property, or a unique investment opportunity, 2309 Lynnwood Drive offers a truly exceptional lifestyle. Seller is listing agent and licensed NC Real Estate Broker.