1902 Market St, Wilmington, NC 28403

Property Description

Welcome to The Smith-Willoughby House, located in the highly desirable Carolina Place neighborhood. Constructed in 1907, this distinguished property occupies three lots--comprising a quarter acre--and features a saltwater cocktail pool, private guest house, and off-street parking. The residence integrates modern amenities while preserving its historic character. The back porch offers a private space for morning coffee, while the front wraparound porch is ideal for afternoon entertaining. The saltwater pool is surrounded by a privacy fence and mature landscaping, including azaleas, camellias, and a rose garden. This move-in ready home has undergone comprehensive updates to all surfaces and systems, including recent electrical and plumbing improvements. Both the interior and exterior were repainted in 2025. The kitchen features new Samsung ''Bespoke'' appliances, complemented by a new washer and dryer in the adjacent hallway. Original heart pine floors are present throughout, with the first floor refinished in 2025. The roof was replaced in 2019, tankless water heaters were added in 2022, and the upstairs HVAC was updated in 2025, ensuring peace of mind. The separate and fully private one-bedroom, one-bath guest house, ''The Golden Girls Cottage,'' produced approximately $50,000 in short- and mid-term rentals in 2025. This structure includes a full kitchen, washer/dryer, private outdoor seating area, and an unfinished loft. Parking is abundant, with two designated spots off the alley and additional street parking on 19th Street. Renovations performed by ''Old School Rebuilders''--noted specialists in historic properties--are evident in the interior. Unique features include a two-story sleeping porch, the original Pullman Elevator (function unknown), built-in shelving, a secret coffee bar under the stairs, and a small cellar suitable for storage or workshop use. Offering one of the larger homes in the area with extensive modern amenities and income-generating opportunities, this property is ideally suited for both residential and home office needs. Enjoy proximity to the historic riverfront downtown, The Cargo District and Soda Pop District, while being 3 miles from the airport and 8 miles to Wrightsville Beach. The Smith-Willoughby House has been meticulously restored and is ready to welcome its' new owners.