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1254 Shipyard Boulevard, Wilmington, NC, 28412

3beds
2baths
1,162sqft
$229,500
$198price/sqft
$1,517/moest. monthly cost
$60,680/yrincome needed

About This Home

Welcome to this beautifully updated, truly move-in-ready patio home in Southwood, offering a rare combination of modern upgrades, low-maintenance living, and flexible ownership options. This thoughtfully improved home features major updates already completed, including a remodeled primary bathroom, new flooring and baseboards, new windows and exterior doors, a new roof, a 2023 water heater, and updated light fixtures. The kitchen is equipped with stainless steel appliances, and the washer and dryer are included, making this home completely turnkey. Inside, the bright open-concept layout and vaulted ceilings create an airy, spacious feel. The living room flows seamlessly into the dining area and overlooks the kitchen, creating an inviting space for both everyday living and entertaining. The split-bedroom floor plan offers excellent functionality, with a secondary bedroom and convenient laundry room toward the front of the home. Toward the rear, you'll find an additional bedroom, a full bath, and the private primary suite featuring an updated bath with a walk-in shower. Step outside through the sliding glass doors to a fully fenced backyard with privacy fencing, ideal for relaxing, pets, or gathering with friends. The HOA dues add to the ease of ownership by covering the roof, structural insurance on the home, exterior building maintenance, and landscaping. Owners may also personalize the exterior paint color with HOA approval. Southwood's flexible rental policy, allowing both short-term and long-term rentals, adds strong appeal for those seeking income potential as well as lifestyle value. Conveniently located just minutes from shopping, grocery stores, and everyday essentials, this home also offers easy access to Historic Downtown Wilmington, with its Riverwalk dining, shopping, and entertainment, as well as the coastal attractions of Wrightsville Beach and Carolina Beach. This is a rare opportunity to own a well-updated, low-maintenance home in Wilmington with comfort, style, peace of mind, and investment potential all in one.

Getting Around

42
WalkingCar-Dependent
34
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

5/10
Sunset Park ElementaryGrades K-51.5 mi
6/10
Williston MiddleGrades 6-82.8 mi
3/10
New Hanover HighGrades 9-123.2 mi

Construction

Condition

  • Year built: 1989

Materials

  • Foundation: Slab
  • Roof: Shingle
  • Construction materials: Wood Siding,Wood Frame

Type & Style

  • Home type: Condo
  • Architectural style: Patio
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Washer,Refrigerator,Range,Dryer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Master Downstairs,Vaulted Ceiling(s),High Ceilings,Blinds/Shades
  • Door features: Storm Door(s)
  • Flooring: LVT/LVP
  • Attic: None

Heating & Cooling

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

Interior Area

  • Total structure area: 1,162
  • Total interior livable area: 1,162 sqft

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: R06019006012083
  • Zoning: MD-17
  • Special condition: Standard

Features

  • Levels: One
  • Patio & porch: Patio,Porch
  • Exterior features: Storm Doors
  • Fencing: Full,Wood
  • Has view: Yes
  • View description: See Remarks
  • Frontage type: See Remarks
  • Living area range: 1000 - 1199

Lot

  • Lot size: 2,613 sqft
  • Lot size dimensions: 38 x 75 x 33 x 75

Parking

  • Parking features: Concrete,Off Street,On Site,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
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Ice Storm
Tornado
Winter Weather
Cold Wave
Heat Wave
Inland Flooding
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 $1,160$13,920
Home Insurance *$50$600
Property Taxes $107$1,284
Electricity $200$2,405
Total$1,517$18,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,011/yr
40% on housing$45,510/yr
45% on housing$40,453/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

$198This listing

vs Other Active Listings

Avg $/sqft

ZIP 28412$215
New Hanover County$309

vs Homes Sold Last Month

Median $/sqft

ZIP 28412$245
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
2026-05-05Price change$249,900
2026-03-12Price change$255,900
2026-03-09Price change$277,900
2026-02-26Listed for sale$284,900
2023-03-02Sold$210,000
2021-08-02Sold$170,000
2020-02-04Sold$3,260
2018-01-22Sold$113,500
2013-09-27Sold$85,500
2013-07-31Price change$89,000
2013-06-13Listed for sale$95,000
2012-04-29Listing removed$850
2012-02-23Listed for rent$850
2011-08-10Listing removed$850
2011-08-04Listed for rent$850
2011-04-08Listing removed$825
2011-04-06Listed for rent$825

For Sale by Agent

AgentJason Bell
BrokerageKeller Williams Innovate-Wilmington

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