$945,000
4 bd · 3 ba · 2,747 sq ft
318 Colonial Drive
Wilmington, NC, 28403 · Forest Hills
Listed by Intracoastal Realty Corporation
About this home
Welcome to this beautifully updated Forest Hills residence on Colonial Drive, offering 2,747 square feet of comfortable and versatile living space in one of Wilmington's most desirable locations. The home features four comfortable bedrooms, including a private primary suite with a spa-like bath with a heated floor and generous walk-in closet. Thoughtfully updated throughout, the home combines classic character with modern comfort. The gourmet-style kitchen is designed for both everyday living and entertaining, while the inviting living room features a fireplace and built-in bookshelves. Additional living spaces include a private office, family room, formal dining room, and breakfast room, providing plenty of flexibility for work, relaxation, and gatherings. A screened-in porch overlooks the fenced backyard and connects to a private patio, creating wonderful spaces for outdoor entertaining. The property's mature trees and established landscaping provide a beautiful sense of privacy and complement the classic Forest Hills setting. Recent improvements include an updated roof, windows, lighting, and bathrooms. Adding to the appeal is a separate building featuring a workshop and a stylish speakeasy-inspired gathering space--a unique bonus that provides an exceptional setting for entertaining, hobbies, or a private retreat. Ideally located on Colonial Drive in Forest Hills, this home offers easy access to Downtown Wilmington, Midtown, area beaches, shopping, dining, and entertainment. A rare combination of updated living spaces, timeless character, outdoor privacy, and a one-of-a-kind detached gathering space.
Facts
- Type
- Single Family Residence
- Year built
- 1940
- Lot
- 0.28 acres
- Community
- Forest Hills
- County
- New Hanover
- MLS #
- 100598017
Features
Inside
- Walk-in Closet(s)
- Ceiling Fan(s)
- Pantry
- Walk-in Shower
- Blinds/Shades
- Built-in Features
- Walk-In Closet(s)
- Ceramic Tile
- Hardwood
- Mini Refrigerator
- Built-In Microwave
- Washer
- Refrigerator
- Ice Maker
- Dryer
- Disposal
Outside
- Other
- Irregular Lot
- Landscaped
Community
- None
Parking
- Concrete
- Off Street
- On Site
- Tandem
Heating & cooling
- Other
- Natural Gas
- Radiant
- Central Air
Schools
- Elementary
- Forest Hills
- Middle
- Williston
- High
- New Hanover
As listed in the MLS (New Hanover). School assignments can change — confirm with the district for this address.
Monthly payment estimate
$5,946/mo
- Principal & interest (30-yr fixed)$5,630
- Property taxes (2025 bill)$316
Estimate only. Rate is the national 30-year average (6.95% as of Sep 17, 2026, Freddie Mac); your rate depends on your lender. Homeowners and flood insurance aren't included — on the coast they vary a lot by house, so get a quote early.
Recent sales like this in Forest Hills
| Home | Sold | Bd / Ba | Sq ft | Price | $ / sq ft |
|---|---|---|---|---|---|
| 2611 Columbia Avenue, Wilmington | Jul 8, 2026 | 4 / 3 | 2,163 | $540,000 | $250 |
| 418 Forest Hills Drive, Wilmington | May 8, 2026 | 3 / 3 | 2,166 | $732,000 | $338 |
| 1103 Forest Hills Drive, Wilmington | Apr 10, 2026 | 4 / 3 | 2,950 | $675,000 | $229 |
| 115 Forest Hills Drive, Wilmington | Mar 2, 2026 | 4 / 3 | 2,476 | $490,000 | $198 |
Similar size and type, sold in the last 12 months. From Hive MLS records; deemed reliable, not guaranteed.
Buying in Wilmington? Local guides
- Leland vs. Wilmington: What You Get for Your MoneyLeland vs. Wilmington, NC side by side from 12 months of real sales: price per square foot, home size and age, days on market, new construction and HOAs.
- One-Story and Primary-on-Main Homes on the Southeastern NC CoastWhere the one-level homes are from Wilmington to Calabash, what they cost town by town, and what to check before you buy — from current MLS listings.
About 318 Colonial Drive
318 Colonial Drive is a 4-bedroom, 3-bath home of about 2,747 square feet, built in 1940, on 0.28 acres in Forest Hills, Wilmington, New Hanover County, NC 28403.
At $945,000, it's 42% above the median asking price ($664,700) of the 258 other 4-bedroom listings for sale in Wilmington today.
That's about $344 per square foot, compared with a Wilmington median of $262.
1 other home is for sale in Forest Hills right now (median asking $559,000); 9 homes sold there in the last 12 months at a median of $675,000, typically in about 57 days.
Across ZIP 28403, 89 4-bedroom homes sold in the past year at a median of $680,000.
Forest Hills neighborhood guideHomes for sale in WilmingtonNew Hanover County homes
Buying 318 Colonial Drive
- See it in person. Pick a time and we'll call to confirm — often same day.
- Talk numbers. Tell us what you'd like to offer. It's non-binding — a licensed agent calls you before anything is written.
- Have a home to sell first? Our guaranteed sale lets you buy with a firm plan for your current home. How it works
Own a home near 318 Colonial Drive? See what it's worth — every online estimate side by side, next to real sales in Forest Hills.
What's my home worth? →Questions about 318 Colonial Drive
How much is 318 Colonial Drive?
318 Colonial Drive is listed at $945,000 (about $344 per square foot) as of September 23, 2026. Status: active under contract.
How many bedrooms and bathrooms does 318 Colonial Drive have?
4 bedrooms and 3 bathrooms, with about 2,747 square feet.
What neighborhood is 318 Colonial Drive in?
Forest Hills, in Wilmington, New Hanover County, North Carolina.
What have homes sold for in Forest Hills?
9 homes sold in Forest Hills in the last 12 months, at a median price of $675,000.
When was 318 Colonial Drive built?
1940.
Who is the listing broker for 318 Colonial Drive?
Intracoastal Realty Corporation (MLS #100598017). The Buddy Blake Team can show it to you and answer questions.
Can I tour 318 Colonial Drive?
Yes. Tap “Schedule a tour,” pick a time, and we'll call to confirm — or call or text (910) 395-1000.