Wilmington - Beach Property For Sale #7356610

Moonlight Landing represents one of the most compelling builder opportunities in the Wilmington market today -- a fully entitled, permitted, and engineered 17-unit townhome development positioned in one of the city's most desirable infill locations. Located just off Holly Tree Road on a +/-2.5-acre tract, 5030 Moonlight Lane has been meticulously advanced through the entitlement process. Rezoned in 2023 and successfully navigated through the City of Wilmington's Technical Review Committee, construction permits are ready to submit -- eliminating the risk, time, and uncertainty that typically accompany ground-up development in today's regulatory environment. The project features 17 thoughtfully designed two-story townhomes configured as a mix of duplexes, triplexes, and quadraplexes. Each unit offers an efficient 20' x 60' footprint with approximately +/-1,800 heated square feet and rear-loaded garages -- a layout that is both operationally efficient for the builder and highly attractive to today's buyer. A majority of the homes enjoy direct frontage along Holly Tree Road and the recently improved Cross-City Trail, adding a lifestyle amenity that resonates strongly with modern buyers seeking walkability and outdoor connectivity. The surrounding neighborhood further strengthens the product's marketability. Holly Tree Elementary School, the Racquet Club, and Wilmington Municipal Golf Course are all within close proximity, and the site sits within one of Wilmington's most sought-after school districts -- a consistent driver of buyer demand in this submarket. Perhaps most compelling is the competitive moat this opportunity carries. Recent rezoning resistance and increasing development scrutiny across Wilmington have made entitled infill sites exceptionally difficult to replicate. Moonlight Landing's approvals represent years of work and meaningful barrier to entry -- delivering a builder the ability to break ground without the risk of starting from scratch in a market that has made that increasingly difficult. For builders seeking a shovel-ready project with a proven submarket, a marketable product type, and a clear path to closing, Moonlight Landing is a rare find. Renderings are for visualization purposes only and do not represent final design, materials, dimensions, or specifications. Actual construction may vary. All plans, permits, and entitlements should be independently verified by the buyer and their representatives prior to closing.