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$654,500
Property Description
*Proposed Construction* Early '27 completion. Welcome to the Monroe II - a beautifully designed home offering comfort, versatility, and timeless curb appeal. This spacious home features a flexible 4-bedroom layout, including an upstairs suite ideal for guests, a home office, or a family entertainment room. Upon entering from the covered front porch, you're greeted with an inviting foyer that opens to a bright, open-concept living area with a family room, dining space, and a modern kitchen with an oversized island and large walk-in pantry. Enjoy seamless indoor-outdoor living with access to a screened porch, perfect for relaxing or entertaining. The main level boasts a private owner's suite with an illuminated tray ceiling, a walk-in closet, and a luxurious master bath with dual vanities and a tiled, curbless shower. Two additional bedrooms on the main level share a full bath. Upstairs, a large fourth bedroom or flex room (with its own full bath) provides an ideal retreat for guests, hobbies, or media use. Additional highlights include a covered front porch, two-car garage, large utility room, custom touches like tray ceilings, plentiful storage, and thoughtful architectural details. This unique location within Riverlights offers easy access to the lake trail, amenity centers and several community parks. Trusst Builder Group is proud to offer a wide range of beautifully appointed single family homes in popular Riverlights. Riverlights is an extraordinary new-home community along a three-mile stretch of the scenic Cape Fear River. Residents enjoy an abundance of amenities, including parks, trails, water access, and gathering spaces that celebrate outdoor living. The community also offers a growing mix of on-site restaurants, shops, and services--with more on the way. Conveniently located between Wilmington's beautiful beaches and historic downtown, Riverlights is just minutes from shopping, dining, and the hospital.
Full Property Details
Full Property Details for 5308 Folklore Wy
General
- Price: $654,500
- HOA FEE: $155/month
- HOA FEE FREQ.: Annually
- Taxes: (2026)
- Status: Active
- Type: Single Family
- Source: 2253
- MLS ID: 100553760
- Updated: 5/13/2026
- Added to Site: 92 day(s) ago
Interior
- Number of Rooms: 6
- Interior Features: Master Downstairs, Walk-in Closet(s), Tray Ceiling(s), Kitchen Island, Ceiling Fan(s), Pantry, Walk-in Shower, Gas Log, Walk-In Closet(s)
- Fireplace: Yes
- Fireplace(s): Gas Log
- Appliances: Electric Cooktop, Built-In Microwave, Disposal, Dishwasher
- Flooring: LVT/LVP, Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 4
- Primary Bedroom: Primary Living Area
Other Rooms
- Laundry: Laundry Room
Additional Information
- Shared Amenities: Waterfront Community, Boat Dock, Clubhouse, Community Pool, Dog Park, Fitness Center, Jogging Path, Maintenance Common Areas, Management, Meeting Room, Park, Party Room, Pickleball, Picnic Area, Playground, Restaurant, Sidewalks, Street Lights, Taxes, Trail(s)
Exterior
- Exterior Features: Irrigation System
- Porch/Patio/Deck: Covered, Porch, Screened
Parking
- Attached garage: Yes
- Garage Spaces: 2
- Parking Features: Off Street, Paved
Location
- County: New Hanover
- Subdivision: Riverlights
- Driving Directions: Independence Blvd. Left on River Rd. Right on Folklore Way. House on left.
School Information
- High School District: New Hanover
- Elementary School: Williams
- Middle School: Myrtle Grove
- High School: New Hanover
Community
- Association: Yes
- Assoc. Name: Premier Management
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Central Air, Zoned, Heat Pump
- Heating Type: Heat Pump, Electric, Zoned
Utilities
- Sewer: Municipal Sewer, Cape Fear Public Utility Authority
- Water: Public
- Utility Description: Natural Gas Connected, Sewer Available, Water Available
Structural Information
- Structure Type: Wood Frame, Stick Built
- Construction: Fiber Cement, Wood Frame
- Roof: Shingle
- Square Feet: 2,422
- Year Built: 2026
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,600
- Lot Dimensions: 55 x 120
- Frontage: City Street, State Road, Paved, Paved
- Zoning: R-7
- Fencing (Description): None
Green Features
- Building Certification: HERS Index Score
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $270.23
- Association Fee: $1,860
- Assoc Fee Freq.: Annually
- Tax Year: 2026
- Terms: Construction to Perm., Cash
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: Lot 996 Phase 7 Riverlights
- Lot Number: 996
Listed by Coldwell Banker Sea Coast Advantage-Leland, Savannah Stewart and Coldwell Banker Sea Coast Advantage-Leland, Lee Bryant
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Schools
Schools serving 5308 Folklore Wy
School District:New Hanover County Schools
| Name | Grades | Distance |
|---|---|---|
Mary C Williams Elementary 801 Silver Lake Road, Wilmington, NC 28412 | K-5 | 0.7 mi |
Myrtle Grove Middle 901 Piner Road, Wilmington, NC 28409 | 6-8 | 2.4 mi |
New Hanover High 1307 Market Street, Wilmington, NC 28401 | 9-12 | 7.1 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 5308 Folklore Wy
Date
Details
Price
Change
Source
2/10/2026
Listed
$654,500
—
MLS
Disclaimer: Historical sales 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 5308 Folklore Wy
5308 Folklore Way, Wilmington, NC 28412 (MLS# 100553760) is a Single Family property with 4 bedrooms and 3 full bathrooms. 5308 Folklore Way is currently listed for $654,500 and was received on February 10, 2026. Want to learn more about 5308 Folklore Way? 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.
