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Lake Forest Home for Sale

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    $308,000

    $42K PRICE DROP
    • 3 Beds
    • 2 Baths
    • 1,450 Sq Ft

    1501 Parmele Dr, Wilmington, NC 28401

    3 bedroom, 2 full bath brick home on a large lot (.40 acres) in an established neighborhood in the heart of Wilmington with no HOA dues! Beautiful short walk to Greenfield Lake which gives you miles of a very scenic walking/biking trail with easy access to downtown, Greenfield Lake Amphitheater and the exciting South Front District! Very close to the hospital and medical offices. Home hosts a

    Lori Speight Masonboro Realty, Inc.

    1501 Parmele Dr, Wilmington, NC 28401

Why Live in Lake Forest

Lake Forest in Wilmington is a neighborhood nestled along the northeastern edge of Greenfield Lake, offering residents a unique blend of natural beauty and urban convenience. The area is characterized by its dense tree cover and winding streets, providing a secluded feel. Housing options include midcentury brick ranch-style homes, cottages, and split-levels, with most properties sitting on lots just under half an acre. The neighborhood lacks a homeowners association, allowing for diverse landscaping styles. Despite its charm, housing availability is limited, with only about 50 single-family homes and a network of rentable duplexes. Residents enjoy proximity to the trendy So-Fro District, less than 2 miles away, featuring popular dining spots like Benny's Big Time Pizzeria and True Blue Butcher and Barrel, as well as nightlife options such as Satellite Bar and Lounge. For everyday needs, Food Lion is the closest grocery store, with Harris Teeter, Lidl, and Whole Foods near Independence Mall. Educational opportunities are strong, with highly rated schools like Williston Middle School and New Hanover High School nearby. Greenfield Park, the largest green space in downtown Wilmington, offers numerous things to do, including kayaking, fishing, and attending concerts at the Greenfield Lake Amphitheater. The neighborhood is bike-friendly and served by three Wave Transit bus routes, making commutes to downtown Wilmington and New Hanover Regional Medical Center convenient. Wilmington International Airport is about 5 miles away, and Wrightsville Beach is approximately 10 miles east, accessible via Oleander Drive.

Lake Forest Home Prices vs. Nearby Wilmington, NC Neighborhoods

Lake Forest College Acres-Hillsdale Devon Park Longleaf Park
Median Home Price
$409,500
$388,500
$365,000
$350,000
Median Sale Price
$404,700
-13% YoY
$370,000
-4% YoY
$353,500
+22% YoY
$257,500
-9% YoY
Median Single Family Price
$399,900
$374,000
$365,000
$306,000
Total Active Listings
1
8
6
6
Market Conditions
6 Months of Supply
Balanced Market
3 Months of Supply
Seller's Market
3 Months of Supply
Seller's Market
8 Months of Supply
Buyer's Market

Frequently Asked Questions

Is Lake Forest a good place to live?
Lake Forest is a good place to live. Lake Forest is considered somewhat walkable and bikeable with minimal transit options. Lake Forest has 1 park for recreational activities. It is somewhat dense in population with 7.0 people per acre and a median age of 44. The average household income is $48,478 which is below the national average. College graduates make up 11.2% of residents. A majority of residents in Lake Forest are renters, with 75% of residents renting and 25% of residents owning their home. A local real estate agent serving Lake Forest can help you decide if this neighborhood is the right one for you. Learn more on our Lake Forest neighborhood guide.
Is Lake Forest, NC a safe neighborhood?
Lake Forest, NC is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Lake Forest?
The median home price in Lake Forest is $409,500. If you put a 20% down payment of $81,900 and had a 30-year fixed mortgage with an interest rate of 6.49%, your estimated principal and interest payment would be $2,070 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K a year to afford the median home price in Lake Forest. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Lake Forest is $48K.
What are the best public schools in Lake Forest?
The best public schools that serve Lake Forest are:
What are the best private schools in Lake Forest?
The best private schools that serve Lake Forest are:
What are the most popular zip codes in Lake Forest, Wilmington, NC?
The most popular zip codes in Lake Forest, Wilmington, NC include 28401, 28403, 28412, 28405 and 28451.
What are the most popular neighborhoods near Lake Forest, Wilmington, NC?
The most popular neighborhoods near Lake Forest, Wilmington, NC are Greenfield, Dry Pond-South Side, Sunset Park, Glen Meade and Old Wilmington.
Are home prices dropping in Lake Forest?
Yes, home prices in Lake Forest are down 12% in the last 12 months.
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