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About this home
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.
Facts
- Type
- Single Family Residence
- Year built
- 2011
- Lot
- 0.14 acres
- Garage
- 2 spaces
- Community
- College Park
- County
- New Hanover
- Price per sq ft
- $242
- Stories
- 3
- Construction
- Vinyl Siding, Wood Frame
- Roof
- Shingle
- Foundation
- Slab
- Water
- Public
- Property tax
- $3,117 / year (2025)
- Listed
- Jun 16, 2026
- MLS #
- 100582046
Features
Inside
- Walk-in Closet(s)
- Elevator
- Ceiling Fan(s)
- Pantry
- Walk-in Shower
- Walk-In Closet(s)
- Carpet
- Tile
- Wood
- Built-In Microwave
- Dishwasher
- Electric Range
Outside
- None
Community
- None
Parking
- Concrete
- Off Street
Heating & cooling
- Electric
- Heat Pump
- Central Air
- Wall/Window Unit(s)
Directions to 4806 Collegiate Drive
TakeUS-17 BUS S/Market St Turn left onto Lullwater D Turn left onto Collegiate Dr
Schools
- Elementary
- College Park
- Middle
- Williston
- High
- New Hanover
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
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Recent sales like this nearby
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 621 Decatur Drive, Wilmington | Jun 17, 2026 | 3 / 3 | 2,744 | $845,000 | $308 |
Similar size and type, sold in the last 6 months. From Hive MLS records; deemed reliable, not guaranteed.
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Buying in Wilmington? Local guides
- Real Stories: Why People Moved to Wilmington, NCReal neighbors who moved to Wilmington, Ogden, Carolina Beach and Hampstead share why they chose the NC coast, what surprised them, and their advice.
- Buying a Home in Wilmington, NC: Buddy's Top TipsBuddy Blake's top tips for buying around Wilmington, NC: pre-approval, NC due diligence fee vs. earnest money, inspections, flood and insurance checks.
- Selling Your Home in Wilmington, NC: Buddy's Top TipsBuddy Blake's top tips for selling around Wilmington, NC: pre-market inspection, repairs that matter, pricing right, due diligence and three ways to sell.
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About 4806 Collegiate Drive
4806 Collegiate Drive is a 4-bedroom, 4-bath home of about 2,711 square feet, built in 2011 in College Park, Wilmington, New Hanover County, NC 28403.
At $655,000, it's 3% below the median asking price ($674,990) of the 267 other 4-bedroom listings for sale in Wilmington today.
That's about $242 per square foot, compared with a Wilmington median asking price of $263 per square foot.
1 other home is for sale in College Park right now (median asking $300,000).
Across ZIP 28403, 76 4-bedroom homes sold in the past year at a median of $710,088.
It has been on the market for 133 days.
Area figures are broad context from the MLS, not a valuation — they don't adjust for condition, lot, views or updates. Ask us for a true comparison.
College Park neighborhood guideHomes for sale in WilmingtonNew Hanover County homes
Buying 4806 Collegiate Drive
- See it in person. Pick a time and we'll call to confirm — often same day.
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What's my home worth? →Questions about 4806 Collegiate Drive
How much is 4806 Collegiate Drive?
4806 Collegiate Drive is listed at $655,000 (about $242 per square foot) as of October 27, 2026. Status: for sale.
How many bedrooms and bathrooms does 4806 Collegiate Drive have?
4 bedrooms and 4 bathrooms, with about 2,711 square feet.
What neighborhood is 4806 Collegiate Drive in?
College Park, in Wilmington, New Hanover County, North Carolina.
How long has 4806 Collegiate Drive been on the market?
133 days.
When was 4806 Collegiate Drive built?
2011.
Who is the listing broker for 4806 Collegiate Drive?
RE/MAX Essential (MLS #100582046). The Buddy Blake Team can show it to you and answer questions.
Can I tour 4806 Collegiate Drive?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.