621 Decatur Drive Wilmington, NC 28403 · Devon Park

About this home

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 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.

Facts

Type

Single Family Residence

Year built

1959

Lot

0.47 acres

Community

Devon Park

County

New Hanover

Stories

1

Construction

Brick Veneer, Wood Frame

Roof

Shingle

Foundation

Brick/Mortar, Block, Slab, Crawl Space

Property tax

$3,898 / year (2025)

MLS #

100574007

Features

Directions to 621 Decatur Drive

From South College Road; West on Wilshire Blvd (towards Downtown/away from Beach). Right on Bonham Avenue. Left on Hoggard Street. Left on Winston Blvd. Right on Decatur. House is 3rd property on the Right.

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About 621 Decatur Drive

621 Decatur Drive is a 3-bedroom, 3-bath home of about 2,744 square feet, built in 1959, on 0.47 acres in Devon Park, Wilmington, New Hanover County, NC 28403.

7 other homes are for sale in Devon Park right now (median asking $371,000); 10 homes sold there in the last 12 months at a median of $391,250, typically in about 37 days.

Across ZIP 28403, 209 3-bedroom homes sold in the past year at a median of $423,000.

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.

Devon Park neighborhood guideHomes for sale in WilmingtonNew Hanover County homes

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