NOT LISTED FOR SALE

229 Summer Rest Rd Wilmington, NC 28405

Landfall Neighborhood

Estimated Value: $2,792,000 - $4,469,588

0.56 Acre
$6,429,516 Price per Acre
24,394 Sq Ft Lot

Last Sold January 27, 2021

Last sale price $1,665,000

Est. 116% increase in value since last sale

Current estimated payment $20,900/month

556 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Water Views
  • Marsh on Lot
  • Wrightsville Beach Elementary School Rated A-
  • Wetlands on Lot
  • Maintained Community

About This Lot

As of January 2021

1 if by land! 2 if by sea! Perhaps Wilmington's most sought after address, Summer Rest, at the foot of the scenic drawbridge to Wrightsville Beach provides easy walking access to the loop, Airlie Gardens, over 30 restaurants and the area's best shops. With only four home sites comprising Summer Rest Estates, each lot includes two 30 foot boat slip and the ability to build a generous home and pool. Build the home of your dreams on an estate lot and start enjoying the best life. . . By land or by sea!

Last Agent to Sell the Property

Vance Young

Intracoastal Realty Corp License #245851 Listed on: 06/07/2019

Intracoastal Realty Corp

Last Buyer's Agent

Nicole Valentine

Intracoastal Realty Corp License #267576

Intracoastal Realty Corp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,068

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 94x284x75x309
  • Cleared Lot
  • Marsh on Lot
  • Property is zoned R-20

HOA Fees

  • $21 Monthly HOA Fees

Schools

  • Wrightsville Beach Elementary School
  • Noble Middle School
  • Hoggard High School

Additional Features

  • Water Views
  • Water Rights

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number R05714-003-012-000

Community Details

Overview

  • Summer Rest HOA, Phone Number (910) 232-8850
  • Summer Rest Subdivision
  • Maintained Community

Recreation

  • Deeded Waterfront Access Rights
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$16,068

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: B
  • Sub Type: Residential Land
  • Cobra Zone: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: None
  • Road Type Frontage: Paved, Public (City/Cty/St)
  • Waterfront: No
  • Waterview: Yes
  • Total Road Frontage: 94

Utilities

  • Fuel Tank: None
  • Service Providers Electric Provider: Duke Energy
  • Service Providers Sewer Provider: Cape Fear Public Utility Authority
  • Service Providers Water Provider: Cape Fear Public Utility Authority
  • Utilities: Municipal Sewer, Municipal Water

Association/Amenities

  • HOA: Yes
  • HOA and Neighborhood Amenities: Maint - Comm Areas
  • Annual HOA: 250.00
  • HOA Company: Summer Rest HOA
  • HOA Phone: 910-2328850

Schools

  • School District: New Hanover

Lot Info

  • Deed Book: 6208
  • Deed Page: 503.00
  • Lot Description: Deeded Water Rights, Subdivision, Wetlands
  • Lot Dimensions: 94x284x75x309
  • Lot Number: 1
  • Lot Sq Ft: 24555.00
  • Lot Water Features: Deeded Water Rights, Water Access Comm
  • Plat Book: 36
  • Plat Page: 358
  • Zoning: R-20
  • Acres: 0.56
  • Current Use: Residential
  • Deed Restriction: No
  • Environmental Hazard: Unknown
  • List Price per Acre: 3026785.71
  • Soil Evaluation: Soil Evaluation - No
  • Topography: Cleared, Marsh/Wetland
  • Lot Number2: 1

Tax Info

  • Tax Identifier: R05714-003-012-000
  • Tax Year: 2020
  • Total Real Estate Property Taxes: 16068.00

MLS Schools

  • Elementary School: Wrightsville Beach
  • High School: Hoggard
  • Middle School: Noble
  • School District: New Hanover

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 2, 2021
Sold by
Parkside Wf Investors Llc
Bought by
Summer Rest Llc
Current Estimated Value
$3,600,529

Purchase Details

Listed on
Jun 7, 2019
Closed on
Jan 25, 2021
Sold by
Parkside Wf Investors Llc
Bought by
Parks Christopher and Parks Caitlin
Seller's Agent
Vance Young
Intracoastal Realty Corp
Buyer's Agent
Nicole Valentine
Intracoastal Realty Corp
List Price
$1,575,000
Sold Price
$1,665,000
Premium/Discount to List
$90,000
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.83%
Original Mortgage
$1,000,000
Interest Rate
2.67%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 10, 2020
Sold by
Parkside Wf Investors Llc
Bought by
Ellis Archibald K and Ellis Hae H

Purchase Details

Closed on
Apr 15, 2019
Sold by
Bowden Hale Susan Bowden and Bowden Brooks Laurel
Bought by
Parkside Wf Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,950,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2019
Sold by
Hale Susan Bowden and Hale John Thomas
Bought by
Parkside Wf Investors Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,950,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2012
Sold by
Bowden Nursing Home Inc
Bought by
Bowden Hale Susan Bowden and Bowden Brooks Laurel

Purchase Details

Closed on
Jul 27, 1966
Sold by
Bowden Dovie P
Bought by
Bowden Nursing Home Inc

Purchase Details

Closed on
Apr 11, 1960
Sold by
Bowden Dovie Phelps
Bought by
Bowden Dovie Phelps

Purchase Details

Closed on
Apr 28, 1948
Sold by
Loftin S E Gertrude H
Bought by
Bowden Dovie Phelps
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Summer Rest Llc $3,200,000 None Available
Parks Christopher $1,665,000 None Available
Ellis Archibald K $1,150,000 None Available
Parkside Wf Investors Llc $4,500,000 None Available
Parkside Wf Investors Llc -- None Available
Bowden Hale Susan Bowden -- None Available
Bowden Nursing Home Inc -- --
Bowden Dovie Phelps -- --
Bowden Dovie P -- --
Bowden Dovie Phelps -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parks Christopher $1,000,000
Previous Owner Parkside Wf Investors Llc $2,950,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Sold $1,665,000 +5.7% --
12/14/2020 12/14/20 Pending -- -- --
06/07/2019 06/07/19 For Sale $1,575,000 -- --
Source: Hive MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,482 $2,469,200 $1,350,500 $1,118,700
2023 $21,482 $2,002,000 $1,350,500 $651,500
2022 $10,839 $1,700,200 $1,350,500 $349,700
2021 $3,638 $1,700,200 $1,350,500 $349,700
2020 $16,068 $1,525,300 $1,328,800 $196,500
2019 $28,997 $2,752,700 $2,752,700 $0
2018 $28,997 $2,752,700 $2,752,700 $0
2017 $28,997 $2,752,700 $2,752,700 $0
2016 $23,689 $2,138,000 $2,138,000 $0
2015 $22,641 $2,138,000 $2,138,000 $0
2014 $21,679 $2,138,000 $2,138,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Vance Young

    Seller's Agent in 2021

    Vance Young

    Intracoastal Realty Corp

    (910) 232-8850

    173 in this area

    874 Total Sales

    Vance Young
    Section Image
  • Nicole Valentine

    Buyer's Agent in 2021

    Nicole Valentine

    Intracoastal Realty Corp

    (910) 470-7073

    19 in this area

    352 Total Sales

    Nicole Valentine
    Section Image
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Map

Source: Hive MLS

MLS Number: 100169668

Hive MLS

APN: R05714-003-012-000

North Carolina New Hanover County Wilmington 28405 Landfall

229 Summer Rest Rd, Wilmington, NC

This home is located at 229 Summer Rest Rd, Wilmington, NC 28405 since 07 June 2019 and is currently estimated at $3,600,529. 229 Summer Rest Rd is a home located in New Hanover County with nearby schools including Wrightsville Beach Elementary School, M.C.S. Noble Middle School, and New Hanover High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hive MLS The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS LLC. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Homesnap, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. ©2025 Hive MLS LLC

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