Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Townhouse with Boat Slip Title is generated by Realmo AI

    5431 Marina Club Drive, Wilmington, NC 28409

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,999

    Updated 4-bedroom townhouse with 30' boat slip in Wilmington.

    Type:Condo/Townhome
    Property size:
    2,081 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $432/SF
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 6 at 12:12 am

    Property Features for 5431 Marina Club Drive

    General Information

    Standard status
    Active
    Size
    2,081 SF
    Lot size
    0.04 Acres
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Rouse & Jones Property Group

    Listing agent Rouse & Jones Property Group

    Listing office Coldwell Banker Sea Coast Advantage-CB

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Sea Coast Advantage-CB

    HighLights

    • Deeded 30' boat slip included in a protected marina.
    • Waterfront townhouse with Intracoastal Waterway (ICCW) views from 3 covered decks.
    • Updated throughout with stainless LG appliances, granite countertops, tile backsplash, and ornate fixtures.
    • Community amenities include a pool, tennis courts, playground, and boat/trailer storage.
    • Enjoy new composite decking on decks, solid hardwood floors, and premium light‑filtering shades.
    • Recent updates include roof replaced in 2020, bulkhead and marina updated in 2024, and AC units replaced in 2020/2023.

    Overview

    This 4-bedroom, 4-bathroom townhouse in Wilmington, NC, offers waterfront living with views of the water and Intracoastal Waterway from three covered decks featuring new composite decking. A deeded 30' boat slip is included. The home features updates throughout, including stainless LG appliances, tile backsplash, granite countertops, and updated stairs with a coastal design. AC units were replaced in 2020 and 2023 and are on a maintenance program. Solid hardwood floors are present in the main living room and all bedrooms. Light-filtering, vertical cell shades are installed on sliders and windows in the main living area, downstairs bedroom, kitchen, and primary bedroom. The master walk-in closet includes a built-in fireproof safe. The roof was replaced by the HOA in 2020, and the bulkhead and marina were updated in 2024. A 1-car garage with a new garage door installed in 2020 provides additional storage. Community amenities include a pool, tennis courts, playground, boat/trailer storage, and community gatherings. The property is located in a waterfront community where short-term rentals are prohibited. The property size is 2081 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Building Supply Gym & Fitness Center Auto Repair Shop Kitchen & Bath Showroom Food Market Grocery & Convenience Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.8670207
    Latitude
    34.1329385

    Nearby Similar for Sale

    • $4,400,000
      7,922 SF

      Renovated Restaurant Facility on Market

      Move-in ready restaurant with drive-thru in Porters Neck area.
      8232 Market Street, Wilmington, NC 28411
      View Details
    • $875,000
      5,427 SF

      Adaptable Commercial Property in Wilmington

      Versatile 5,427 SF commercial building suitable for various uses.
      2619 Newkirk Avenue, Wilmington, NC 28412
      View Details
    • $3,550,000
      13,320 SF

      Wilmington Multifamily Investment Opportunity

      24-unit multifamily property near UNCW with income upside.
      145 Lullwater Drive, Wilmington, NC 28403
      View Details
    • $1,795,000
      4,761 SF

      Historic Downtown Wilmington Home

      Historic 4,761 sq ft home in downtown Wilmington.
      118 S 4th Street, Wilmington, NC 28401
      View Details
    • $1,065,000
      3,542 SF

      Turnkey Wilmington Multifamily Investment Opportunity

      Four-unit property near hospital, shopping, and beaches. Fully income-producing.
      1421 -1425 Wellington Avenue, Wilmington, NC 28401
      View Details
    • $695,000
      3,301 SF

      Wilmington Four-Unit Income Property

      Income-producing four-unit property in Wilmington's Historic Mixed-Use District.
      407 Red Cross Street, Wilmington, NC 28401
      View Details
    • $349,000
      2,000 SF

      Wilmington Multifamily Investment Opportunity

      Two homes on one lot near South Front District.
      1219 S 4th Street, Wilmington, NC 28401
      View Details
    • $582,500
      2,867 SF

      Income-Generating Multi-Family Home

      Four-bedroom home with two separate one-bedroom apartments.
      327 Pinecliff Drive, Wilmington, NC 28409
      View Details
    • $1,019,999
      3,000 SF

      Turnkey Triplex in Historic District

      Updated triplex in Wilmington's Historic District, fully furnished and accessorized.
      317 S 3rd Street, Wilmington, NC 28401
      View Details
    • $495,000
      2,425 SF

      Charming Duplex in Downtown Wilmington

      Refreshed duplex blending historic charm with modern convenience in Wilmington.
      108 N 8th Street, Wilmington, NC 28401
      View Details
    • $1,075,000
      3,125 SF

      Historic Downtown Wilmington Triplex Investment

      Three-unit property in historic downtown Wilmington with income potential.
      308 Church Street, Wilmington, NC 28401
      View Details
    • $354,999
      1,350 SF

      Wilmington Duplex: Income and Potential

      Well-maintained duplex with rental income and owner-occupant potential.
      2803 Chappell Avenue, Wilmington, NC 28412
      View Details

    FAQs

    What type of property is this?
    Residential income property - Updated 4-bedroom townhouse with 30' boat slip in Wilmington.
    Where is this residential income property located?
    The property is located at 5431 Marina Club Drive Wilmington, NC.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Deeded 30' boat slip included in a protected marina.; Waterfront townhouse with Intracoastal Waterway (ICCW) views from 3 covered decks.; Updated throughout with **stainless LG appliances, granite countertops, tile backsplash, and ornate fixtures.**
    (910) 458-4401
    We can help!
    Listing Contact
    Rouse & Jones Property Group
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5431 Marina Club Drive, Wilmington, NC 28409
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!