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$699,000 Just Listed
Property Description
Rare Live/Work Investment Opportunity in Wilmington's Residential Overlay District! Discover unmatched flexibility and incredible income potential with this historic, multi-unit midtown property. Perfectly designed for modern versatility, this unique estate functions seamlessly as a primary residence, a professional office space, or a high-yielding multi-stream investment. The main home features an adaptable front layout ideal for living quarters or a customer-facing business. The rear of the main home includes its own separate entrance--while maintaining internal access--making it a perfect setup for an in-law suite, a private office, or an immediate rental unit. Step outside to find a completely detached Accessory Dwelling Unit (ADU) ready to generate secondary rental income or serve as a quiet detached workspace. Situated on a spacious 0.36-acre lot, the property benefits from highly desirable rear-alley access out to 51st Street and the traffic light for easy, safe ingress and egress. Located in the coveted Residential Overlay District (ROD), the zoning allows for a diverse range of residential, professional office, and medical uses. Whether you want to ''house hack'' and live rent-free, run your business from home, or add a powerhouse asset to your rental portfolio, this affordable ROD property delivers. Don't miss out on this exceptional piece of Wilmington real estate--schedule your tour today!
Full Property Details
Full Property Details for 4911 Oleander Dr
General
- Price: $699,000
- Taxes: $3,571 (2025)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100574328
- Updated: 5/15/2026
- Added to Site: 3 day(s) ago
Interior
- Number of Rooms: 9
- Interior Features: Bookcases, Apt/Suite, Built-in Features
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
- Primary Bedroom: Primary Living Area
Exterior
- Porch/Patio/Deck: Deck, Enclosed, Front Porch
Parking
- Parking Features: Circular Driveway, Off Street
Location
- County: New Hanover
- Subdivision: Piney Woods
- Driving Directions: From Eastwood and Oleander, take Oleander Drive towards College Road. Property is on right a few houses before Pine Grove Drive.
School Information
- High School District: New Hanover
- Elementary School: Winter Park
- Middle School: Roland Grise
- High School: Hoggard
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Electric, Forced Air
Utilities
- Utility Description: Cable Available, Sewer Connected, Water Connected
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Wood Siding, Wood Frame
- Basement Desc.: None
- Roof: Shingle
- Entry Floor Number: 1
- Square Feet: 2,165
- Year Built: 1955
Lot Features
- Lot Size (Acres): 0.45
- Lot Size (Sq. Ft.): 19,602
- Lot Dimensions: Irregular
- Frontage: Alley, City Street, State Road, Paved, Paved
- Zoning: ROD
- Fencing (Description): Partial
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $267.41
- Assessment Amount: $606,800
- Tax Amount: $3,571.02
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Probate Listing
- Legal Description: LT 206 BLK C PINEYWOODS
- Property ID: R06107-007-017-000
Listed by Intracoastal Realty Corporation, Marcello Caliva and Associates and Intracoastal Realty Corporation, Marcello M Caliva
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Schools
Schools serving 4911 Oleander Dr
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Winter Park Model Elementary 204 MacMillan Avenue, Wilmington, NC 28403 | K-5 | 0.2 mi |
Roland-Grise Middle School 4412 Lake Avenue, Wilmington, NC 28403 | 6-8 | 0.7 mi |
John T Hoggard High 4305 Shipyard Boulevard, Wilmington, NC 28403 | 9-12 | 1.1 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 4911 Oleander Dr
Date
Details
Price
Change
Source
5/15/2026
Listed
$699,000
—
MLS
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
Tax History for 4911 Oleander Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,571
-2%
$606,800
45%
2024
$3,644
3%
$418,900
—
2023
$3,540
-1%
$418,900
—
2021
$3,585
1%
$418,900
—
2022
$3,561
-1%
$418,900
45%
2021
$3,585
18%
$289,200
—
2019
$3,046
—
$289,200
—
2017
$3,046
93%
$289,200
103%
2016
$1,581
5%
$142,700
—
2015
$1,511
4%
$142,700
—
2014
$1,447
1%
$142,700
—
2013
$1,433
—
$142,700
—
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
Estimate the Cost for 4911 Oleander Dr
4911 Oleander Drive, Wilmington, NC 28403 (MLS# 100574328) is a Single Family property with 3 bedrooms, 3 full bathrooms and 1 partial bathroom. 4911 Oleander Drive is currently listed for $699,000 and was received on May 15, 2026. Want to learn more about 4911 Oleander 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.
