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$945,000 Coming Soon

  • For Sale
  • Coming Soon
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 1 Partial Bath
  • 2,747 Sq. Ft.
  • 0.28 Acres
  • Updated 11 hours ago
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Welcome to this beautifully updated Forest Hills residence on Colonial Drive, offering 2,747 square feet of comfortable and versatile living space in one of Wilmington's most desirable locations. The home features four comfortable bedrooms, including a private primary suite with a spa-like bath and generous walk-in closet. Thoughtfully updated throughout, the home combines classic character with modern comfort. The gourmet-style kitchen is designed for both everyday living and entertaining, while the inviting living room features a fireplace and built-in bookshelves. Additional living spaces include a private office, family room, formal dining room, and breakfast room, providing plenty of flexibility for work, relaxation, and gatherings. A screened-in porch overlooks the fenced backyard and connects to a private patio, creating wonderful spaces for outdoor entertaining. The property's mature trees and established landscaping provide a beautiful sense of privacy and complement the classic Forest Hills setting. Recent improvements include an updated roof, windows, lighting, and bathrooms. Adding to the appeal is a separate building featuring a workshop and a stylish speakeasy-inspired gathering space--a unique bonus that provides an exceptional setting for entertaining, hobbies, or a private retreat. Ideally located on Colonial Drive in Forest Hills, this home offers easy access to Downtown Wilmington, Midtown, area beaches, shopping, dining, and entertainment. A rare combination of updated living spaces, timeless character, outdoor privacy, and a one-of-a-kind detached gathering space. Updated photos coming soon!!!

Full Property Details for 318 Colonial Dr

General

  • Price: $945,000
  • Taxes: $3,797 (2025)
  • Status: Coming Soon
  • Type: Single Family
  • Source: 2253
  • MLS ID: 100598017
  • Updated: 8/21/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 11
  • Interior Features: Walk-in Closet(s), Ceiling Fan(s), Pantry, Walk-in Shower, Blinds/Shades, Built-in Features, Walk-In Closet(s)
  • Fireplace: Yes
  • Appliances: Mini Refrigerator, Built-In Microwave, Washer, Refrigerator, Ice Maker, Dryer, Disposal, Dishwasher, Gas Range
  • Furnishings: Unfurnished
  • Flooring: Ceramic Tile, Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 4
  • Primary Bedroom: Non Primary Living Area

Other Rooms

  • Laundry: Laundry Room

Additional Information

  • Shared Amenities: None

Exterior

  • Exterior Features: Other
  • Porch/Patio/Deck: Covered, Deck, Patio, Porch, Screened

Parking

  • Parking Features: Concrete, See Remarks, Off Street, On Site, Tandem

Location

  • County: New Hanover
  • Subdivision: Forest Hills
  • Driving Directions: From Downtown, take Market Street East, turn right on Colonial and the house is on the right.

School Information

  • High School District: New Hanover
  • Elementary School: Forest Hills
  • Middle School: Williston
  • High School: New Hanover

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Other, Natural Gas, Radiant

Utilities

  • Sewer: Municipal Sewer, Cape Fear Public Utility Authority
  • Water: Public
  • Utility Description: Natural Gas Connected, Sewer Connected, Water Connected, High Speed Internet

Structural Information

  • Structure Type: Wood Frame, Stick Built, See Remarks
  • Construction: See Remarks, Brick, Wood Siding, Wood Frame
  • Basement Desc.: Crawl Space, Partial, See Remarks
  • Roof: Shingle
  • Entry Floor Number: 1
  • Square Feet: 2,747
  • Year Built: 1940
  • Property Condition: UpdatedRemodeled

Additional Structures

  • Other Structures: Covered Area, See Remarks, Workshop

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size (Sq. Ft.): 12,284
  • Lot Dimensions: Irregular
  • Frontage: City Street, State Road, Paved, Paved
  • Lot Features: Irregular Lot, Landscaped
  • Zoning: R-15
  • Fencing (Description): Back Yard, Wood

Financial Considerations

  • For Sale: Yes
  • Price Per Sq. Ft.: $344.01
  • Assessment Amount: $645,200
  • Tax Amount: $3,797
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Special Conditions: Standard
  • Legal Description: 45B/57B/59B Sec A Pt Forest
  • Property ID: R05408-003-010-000

Listed by Intracoastal Realty Corporation, Jeffrey G Hovis and Intracoastal Realty Corporation, Sky Grainger

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Listing agents

— 318 Colonial Dr —

  • Jeffrey G Hovis

    Intracoastal Realty Corporation

  • Sky Grainger

    Intracoastal Realty Corporation

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 318 Colonial Dr

School District:New Hanover County Schools
NameGradesDistance
Forest Hills Elementary
602 Colonial Drive, Wilmington, NC 28403
K-50.2 mi
Williston Middle
401 South 10th Street, Wilmington, NC 28401
6-81.3 mi
New Hanover High
1307 Market Street, Wilmington, NC 28401
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 318 Colonial Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/21/2026
Listed
$945,000
89%
MLS
2/20/2006
Sold
$500,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 318 Colonial Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,797
28%
$645,200
89%
2024
$2,975
106%
$341,900
—
2023
$1,445
-51%
$341,900
—
2021
$2,926
101%
$341,900
—
2022
$1,453
-50%
$341,900
—
2021
$2,926
-19%
$342,700
—
2019
$3,610
—
$342,700
—
2018
$3,610
—
$342,700
—
2017
$3,610
-3%
$342,700
2%
2016
$3,724
5%
$336,100
—
2015
$3,559
6%
$336,100
2%
2014
$3,351
1%
$330,500
—
2013
$3,318
—
$330,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 318 Colonial Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Intracoastal Realty Corporation, Jeffrey G Hovis and Intracoastal Realty Corporation, Sky Grainger

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318 Colonial Drive, Wilmington, NC 28403 (MLS# 100598017) is a Single Family property with 4 bedrooms, 2 full bathrooms and 1 partial bathroom. 318 Colonial Drive is currently listed for $945,000 and was received on August 21, 2026. Want to learn more about 318 Colonial Drive? Do you have questions about finding other Single Family real estate for sale in Chestnut Heights - Princess Place? You can browse all Chestnut Heights - Princess Place real estate or contact a Coldwell Banker agent to request more information.

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