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3887 Merestone Drive, Wilmington, NC, 28412

2beds
2baths
932sqft
$263,500
$283price/sqft
$1,712/moest. monthly cost
$68,480/yrincome needed

About This Home

This pretty 2 bedroom, 2 bath condo is conveniently located in highly sought after Merestone! Pretty LVT flooring throughout, no carpet, and all appliances remain. The HOA takes care of the outside maintenance and lawn care. Enjoy your morning coffee on the private patio overlooking a peaceful wooded area. There's even an outside storage area for all your toys! A great opportunity for a weekend retreat, or primary residence. Easy access to Historic Downtown Wilmington, beaches, shopping, dining and UNC-W. Outside is freshly painted, and the roof is only 6 years old. This great little condo is ready for you to relax and enjoy all that Wilmington has to offer!

Getting Around

27
WalkingCar-Dependent
27
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

7/10
Pine Valley ElementaryGrades K-50.9 mi
6/10
Williston MiddleGrades 6-84.1 mi
5/10
Eugene Ashley HighGrades 9-125.2 mi

Construction

Condition

  • Year built: 1997

Materials

  • Foundation: Slab
  • Roof: Architectural Shingle
  • Construction materials: Brick Veneer,Wood Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Oven,Electric Cooktop,Washer,Refrigerator,Ice Maker,Dryer
  • Laundry features: Laundry Closet

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main

Features

  • Master Downstairs,Ceiling Fan(s)
  • Flooring: LVT/LVP

Heating & Cooling

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

Interior Area

  • Total structure area: 932
  • Total interior livable area: 932 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: R06516008039000
  • Zoning: MD-10
  • Special condition: Standard

Features

  • Levels: One
  • Pool features: None
  • Patio & porch: Patio,Front Porch
  • Exterior features: Irrigation System
  • Fencing: None
  • Has view: Yes
  • View description: None
  • Waterfront features: None
  • Frontage type: See Remarks
  • Living area range: 800 - 999

Lot

  • Lot size dimensions: 0

Parking

  • Parking features: Asphalt,Assigned,Off Street,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
  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Lightning
Winter Weather
Cold Wave
Heat Wave
Inland Flooding
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 $1,332$15,984
Home Insurance *$58$696
Property Taxes $122$1,464
Electricity $200$2,405
Total$1,712$20,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,697/yr
40% on housing$51,360/yr
45% on housing$45,653/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

$283This 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
2026-07-17Listed for sale$263,500
2020-03-16Sold$151,000
2020-02-28Pending sale$154,900
2020-02-18Price change$154,900
2020-01-31Listed for sale$154,000
2019-12-07Listing removed$139,900
2019-10-24Listed for sale$139,900
2005-07-15Sold$127,000

For Sale by Agent

AgentPhyllis M Kimrey
BrokerageHerbert A. Kimrey Real Estate LLC

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