403 Alabama Avenue Unit B

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About this home

Just 3 blocks from Alabama Ave beach access, this 6-bedroom, 4-bath townhome-style condo offers the ideal blend of space, location, and flexibility. Featuring an ELEVATOR and reverse floor plan, it is filled with natural light and opens to spacious covered decks with partial ocean views and beautiful sunsets. A short walk to the beach or Island Greenway makes it perfect for full-time living, a second home, or excellent short-term rental. Low flood insurance (~$600/year) and no HOA dues. Rental potential ($40K-$70K+ gross possible). Large covered decks on the second and third floors offer excellent outdoor living, with the third-floor deck beautifully tiled. Total deck space approx. 410 sq-ft. Built to withstand the elements and located outside of a flood zone, the home includes a metal roof, cement fiberboard siding, built-in storm shutters, and double-hung tilt windows. Inside, 12-foot vaulted ceilings highlight the third floor, while 9-foot ceilings enhance the first and second levels. Quality finishes include real hardwood floors in main living areas, plush bedroom carpet, tile in baths and laundry, hardwood tread staircases with matching handrails, 8-inch baseboards throughout, and 6-inch crown molding on lower floors. The kitchen features stainless steel appliances, granite countertops, and 42-inch wood cabinetry. Bathrooms offer raised-height vanities, with the primary bath showcasing a double vanity, white cultured marble tops, spa tub, and glass-enclosed walk-in shower. Guest baths include tub/shower combinations. Additional features include central vacuum, water softener, new water heater (2025), and both HVAC systems replaced in 2020. Ample parking for up to five vehicles plus a one-car garage. Never used as a rental, this home offers excellent investment potential. It is a rare opportunity to own a spacious, well-built coastal residence near the beach.

Facts

Type

Condominium

Year built

2005

Garage

1 space

Community

Wilmington Beach

County

New Hanover

MLS #

100550094

Features

About 403 Alabama Avenue Unit B

403 Alabama Avenue Unit B is a 6-bedroom, 4-bath condo of about 2,616 square feet, built in 2005 in Wilmington Beach, Carolina Beach, New Hanover County, NC 28428.

At $749,000, it's 25% below the median asking price ($997,000) of the 6 other 6-bedroom listings for sale in Carolina Beach today.

That's about $286 per square foot, compared with a Carolina Beach median of $469.

18 other homes are for sale in Wilmington Beach right now (median asking $745,500); 44 homes sold there in the last 12 months at a median of $764,732, typically in about 79 days.

Across ZIP 28428, 6 6-bedroom homes sold in the past year at a median of $850,000.

Wilmington Beach neighborhood guideHomes for sale in Carolina BeachNew Hanover County homes

Questions about 403 Alabama Avenue Unit B