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Silver Lake

Silver Lake

Located in New Hanover County

$355,507 Average Value

Silver Lake offers suburban living south of Wilmington

Named after its sparkling central lake, Silver Lake is an established suburb of Wilmington that appeals to those looking for a family-focused community south of the city. “One of the main draws is its location. It’s smack dab between downtown and the beach,” says Kimberly Penrose , a Realtor with Coldwell Banker Sea Coast Advantage who lives nearby. Silver Lake is primarily residential, with an elementary school and a park south of its home-wrapped lake. “A lot of families are drawn to the area for the schools,” says Penrose, who adds that the community is in a part of Wilmington that’s taking off. “There’s so much growth potential here. The whole River Road corridor is developing and changing. It used to just be a country road.” Silver Lake is also about 5 miles away from Novant Health New Hanover Regional Medical Center, a full-service hospital that’s a top employer for the region.

Single-family homes, townhouses and condos close to Monkey Junction

Wide and winding streets connect Silver Lake’s various tree-hugged subdivisions, which primarily feature single-family homes. These properties are diverse in architecture. Cape Cods and ranch-style homes neighbor split-levels to the north, while rows of neotraditional homes fill cul-de-sac-capped streets to the south. The median price for one of these dwellings is around $375,000, below the national median. Most homes fall between $250,000 and $700,000. However, properties at The Village at Motts Landing range from $740,000 to $850,000. The HOA-controlled community also has townhomes that cost between $500,000 and $560,000.

A- and B-rated public and private schools serve Silver Lake

New Hanover County Schools earns an A-minus overall rating from Niche. The district has about 25,000 students spread across more than 40 schools. Each high school has a specialty or a signature program that students can apply to. Two elementary schools serve Silver Lake. Most students can attend the B-plus-rated Mary C. Williams Elementary, which is in the community. Homes on and south of Vallie Lane are zoned for the A-minus-rated Heyward C. Bellamy Elementary. Both schools feed into Myrtle Grove Middle, which receives a B-plus rating, and Eugene Ashley High, which gets a B and offers a Marine Science Academy. Several private schools are nearby, including Myrtle Grove Christian, which Niche does not yet rate, and the B-plus-rated Coastal Christian High. The Port City is home to the University of North Carolina at Wilmington, which has a Center for Marine Science a few miles from Silver Lake in Myrtle Grove .

Outdoor recreation from the Cape Fear River to Carolina Beach

Living in a river city close to the beach, Wilmingtonians often lead active, outdoorsy lives centered around the water and the region’s many parks. In Silver Lake, the community’s calm central lake can be used for kayaking and paddle boating, but the water is only accessible to the property owners surrounding it. South of the lake, Arrowhead Park features a disc golf course, pickleball courts and a playground. Outside the community, River Road Park is where kayakers and boaters can launch their vessels into the Cape Fear River. It’s also a quiet fishing spot with a long pier that stretches out over the water. Several golf courses are in the area, such as the public 18-hole course at Beau Rivage Golf & Resort.
Pleasure Island, about 9 miles south of Silver Lake, offers more adventure. Hiking trails weave through pine forests and wetlands at Carolina Beach State Park. “It’s a great spot for sunsets,” Penrose says. You can go out to the park’s marina and watch the sunset over the river— it’s magical.” Carolina Beach , known for its nostalgic boardwalk and lively beach bars, offers miles of sandy shoreline.

Diverse shopping and dining options in Monkey Junction and beyond

Silver Lake residents have close access to Monkey Junction, the commercialized intersection of College and Carolina Beach roads. This corridor, which often serves as a pitstop for tourists heading to Carolina Beach, features national chains such as Walmart Supercenter and Lowes Foods. Penrose says the community is excited about a new retailer coming soon. “We’re waiting for a new Target. It’s going next to the Home Depot. That’s going to be massive and it’s under construction right now.” The area is also home to a variety of local restaurants, such as the Sawmill Restaurant, a no-frills spot known for its Southern-style diner fare, and Celtic Monkey Irish Pub and Grill, a tavern where American and Irish cuisine is often enjoyed with live music.
Several other popular shopping and dining destinations are within reach. The new Riverlights master-planned community is west of Silver Lake and features Marina Village, where locally owned boutiques and restaurants sit below apartments. A movie theater anchors the Pointe at Barclay, one of Wilmington’s newest outdoor malls, around 3 miles from Silver Lake. University Centre and Mayfaire Town Center offer dozens of name-brand stores and high-end boutiques, about 7 and 10 miles away, respectively. Locally owned specialty shops and trendy restaurants fill Historic Downtown Wilmington, roughly 7 miles north of Silver Lake.

The Cameron Art Museum offers culture and community

Silver Lake residents are only a few miles away from the Cameron Art Museum, an institution where creativity, nature and community meet. In addition to rotating exhibitions showcasing the works of contemporary and classic artists, the museum features a sculpture garden and several short nature trails. It also hosts workshops, children’s camps and events throughout the year, including the beloved Jazz at CAM concert series.

Getting around Wilmington by car, bus and bike

U.S. Route 421, also known as Carolina Beach Road, serves as Silver Lake’s eastern boundary. This major Wilmington thoroughfare, dotted with WAVE Transit bus stops, provides a direct route to downtown and Carolina Beach. Traffic can get heavy on Route 421, particularly during the beach season. College Road is close by and takes commuters into Midtown. Wilmington International Airport is about 10 miles away.
Cyclists often use the winding, two-lane River Road for recreational rides with scenic views. They can also ride along Saint Andrews Drive to access the Gary Shell Cross-City Trail, a 15-mile multi-use path linking parks across the city.

Important to know

As a community close to the Atlantic Ocean, Silver Lake can experience hurricanes, tropical storms, high winds and flooding. According to FEMA flood maps, many properties near Mott and Barnards creeks rest in flood hazard areas.

DeeVa Payne
Written By
DeeVa Payne

Interested in learning more about homes in this area? Reach out to Robert Winkler, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Area Facts

Number of Homes in Neighborhood
3
Median Year Built
2015
Average Single Family Home Size Sq Ft
2,299
Above the national average
1,924
Median Lot Size Sq Ft
7,840

Open Houses

  • Sunday, Sep 7
    Open Sun 12PM - 2PM

    3006 Laughing Gull Terrace, Wilmington, NC 28412

    $499,000

    • 3 Beds
    • 2 Baths
    • 1,439 Sq Ft
    • 3006 Laughing Gull Terrace

    This is why 3006 Laughing Gull Terrace is the best bang for your buck with value, space, privacy and convenience all at your fingertips. The Taft Street floor plan built by Pulte was designed for low maintenance living, functionality, accessibility and comfort. The home is open and spacious yet everything is right at your fingertips. This home brings you affordability by being one of the lowest

    Danielle Gillespie Carolina One Properties Inc.

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Silver Lake Has More Owners

Demographics

Total Population
6,125
Median Age
42
Population under 18
22.4%
On par with the national average
23.8%
Population over 65
21.6%
On par with the national average
19.1%

Finances

Median Household Income
$81,399
Above the national average
$71,702
Average Household Income
$97,258

Education and Workforce

High School Graduates
95.7%
Above the national average
89.1%
College Graduates
34.1%
Advanced Degrees
7.6%
Below the national average
13.3%
% Population in Labor Force
69.9%

Weather

Annual Precipitation
64''
Average Winter Low Temperature
34°F
Average Summer High Temperature
89°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

7 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Silver Lake
Robert Winkler
WIN Realty
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