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532 Cobblestone Drive, Wilmington, NC, 28405

2beds
2baths
1,406sqft
$237,900
$169price/sqft
$1,574/moest. monthly cost
$62,960/yrincome needed

About This Home

Live smarter, not just closer. Welcome to this freshly updated end-unit townhome offering one of the most compelling opportunities in Wilmington under $250K--whether you're looking to own for less than rent, invest, or create a flexible living setup near UNCW and the beach. Previously one of the most shown homes in this price range, this property is now back and better than ever--updated based directly on buyer feedback and ready for immediate move-in. Inside, you'll find a spacious and functional layout featuring two oversized bedrooms and two full bathrooms, offering ideal separation for roommates, guests, or a work-from-home lifestyle. Recent upgrades include freshly painted cabinetry, new hardware, new granite countertops, new toilets and updated lighting--delivering the modern finishes today's buyers expect without the added time or expense. As an end unit, this home offers enhanced privacy, additional natural light, and a more open feel compared to interior units--making everyday living more comfortable and enjoyable. Located just 5 minutes from UNCW and only 10 minutes to Wrightsville Beach, this property provides unmatched convenience with strong long-term value. Whether you're a first-time buyer looking to build equity, a parent investing for a student, or someone seeking a low-maintenance coastal lifestyle, this home offers the flexibility to live in now and rent later. Opportunities like this--updated, well-located, and move-in ready at this price point--are rare. Schedule your showing and see why this one stands out.

Getting Around

48
WalkingCar-Dependent
41
TransitSome Transit
41
BikeSomewhat Bikeable

Schools

6/10
M C S Noble MiddleGrades 6-82.7 mi
3/10
New Hanover HighGrades 9-122.9 mi

Construction

Condition

  • Year built: 1983

Materials

  • Foundation: Slab
  • Roof: Membrane
  • Construction materials: Brick Veneer,Wood Siding,Wood Frame

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Refrigerator,Disposal,Dishwasher,Electric Range
  • Laundry features: Dryer Hookup,Washer Hookup,Laundry Room

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First

Features

  • Walk-in Closet(s),Ceiling Fan(s),Pantry,Walk-in Shower,Blinds/Shades,Walk-In Closet(s)
  • Flooring: LVT/LVP

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,406
  • Total interior livable area: 1,406 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Second

Property

Details

  • Parcel number: R04911001010049
  • Zoning: MD-17
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: None
  • Fencing: Back Yard
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: See Remarks
  • Living area range: 1400 - 1599

Lot

  • Lot size: 1,306 sqft
  • Features: Landscaped
  • Lot size dimensions: 20 x 62

Parking

  • Parking features: Assigned,Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneVery High
  • Lightning
    LightningVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Inland Flooding
Winter Weather
Coastal Flooding
Cold Wave
Heat Wave
Ice Storm
Tornado
Tsunami

FEMA Declared Disasters in New Hanover County and North Carolina

Flood
Hurricane
Mud Landslide
Severe Storm
Tropical Depression
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,202$14,424
Home Insurance *$61$732
Property Taxes $111$1,332
Electricity $200$2,405
Total$1,574$18,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$53,965/yr
40% on housing$47,220/yr
45% on housing$41,973/yr

North Carolina FAIR Plan Programs

North Carolina Joint Underwriting Association - FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

NCIUA - Coastal Property Insurance Pool (CPIP)

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 235,990Commercial: 10,165
Total Premiums$278.20M
Total Exposure$57.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 4.0%
4.0%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$169This listing

vs Other Active Listings

Avg $/sqft

ZIP 28405$214
New Hanover County$309

vs Homes Sold Last Month

Median $/sqft

ZIP 28405$270
New Hanover County$260

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-08Price change$239,500
2026-04-26Listed for sale$249,500
2026-04-17Listing removed$234,900
2026-04-02Price change$234,900
2026-03-03Price change$239,900
2026-02-04Price change$249,900
2026-01-02Price change$258,500
2025-10-08Listed for sale$259,500
2024-12-06Listing removed$1,700
2024-12-02Listing removed$253,000
2024-11-26Price change$1,700
2024-11-16Listed for rent$1,800
2024-11-08Listing removed$1,800
2024-11-04Price change$1,850
2024-10-11Price change$1,900
2024-10-08Price change$1,950
2024-10-04Listed for rent$2,100
2024-09-14Price change$259,900
2024-08-31Price change$269,900
2024-08-24Price change$274,900
2024-07-08Listed for sale$279,900
2024-07-07Listing removed--
2024-07-03Listed for rent$2,150
2024-03-08Listing removed--
2024-01-29Listed for rent$2,150
2022-11-22Sold$210,400
2020-08-10Sold$141,000
2019-06-28Sold$118,000
2009-11-23Sold$95,000
2005-11-14Sold$100,000

For Sale by Agent

AgentThe Summers Real Estate Team
BrokerageKeller Williams Innovate-Wilmington

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