708 Market Street, Wilmington, NC 28401
$890,000
Property Type:
Residential
Bedrooms:
6
Baths:
5
Square Footage:
5,467
Lot Size (sq. ft.):
18,252
Status:
Active
Current Price:
$890,000
List Date:
10/21/2025
Last Modified:
11/30/2025
Description
An incredible opportunity awaits. Located in Wilmington's Historic District is a unique 5467 square foot historic mansion This Queen Anne-style historic mansion was built by E. William Gilchrist in 1894. It is rare to find a large lot facing two streets in historic downtown Wilmington. This property consists of 0.4 acre and fronts Market Street as well as 7th Street. It is within walking distance to downtown and very close to the new Coca-Cola Soda Pop district.
There are many directions one can take this property. One is to follow through with the seller's plan to subdivide the mansion into 4 upscale residences (The Gilchrist Mansion and Carriage House) One could also renovate the 6 bedrooms, 5 bath mansion as a luxurious palatial estate for your own use. Due to the land size and access, there is room for other development plans too.
The current owners have gone to great lengths in the restoration of this property. The site has been cleared, all approvals, architectural and engineering plans are in place and ready for this majestic conversion. All the architectural drawings and engineering plans and more are included with this opportunity.
The exterior of the mansion has been extensively cared for, the metal roof is newer, the interior has been stripped down to its bones, and its bones are in excellent shape. The house features 12-foot ceilings, a grand staircase, a basement, 8 fireplaces and so much more!
A property of this nature is a rare find. If you are looking for the chance for a spectacular residence, or investment opportunities, this property is all that and much more.
More Information MLS# 100472145
Building/Ext Features
ud_i_08: 3
Contract Info
Delayed Marketing?: No
Sub-Type: Single Family Residence
Construction Type: Stick Built
List Price/SqFt: 162.79
Stipulation of Sale: Standard
Status: Active
Marketing Start Date: 2024-10-21
Listing Price: 890000
Current Price: $890,000
Location Information
City Limits: Yes
Marketing City: Wilmington
Street #: 708
Street Name: Market
Street Suffix: Street
County: New Hanover
State/Province: NC
Zip Code: 28401
Subdivision: Historic District
Geo Lat: 34.235596
Geo Lon: -77.940235
Remarks and Showing
Sign on Property: Yes
Directions to Property: From downtown take Market Street East. The property is in the 700 block of Market Street.
Property Exterior Info
New Construction: No
Lot Acres: 0.42
Lot Dimensions: Irregular
Lot SqFt: 18252
Waterfront: No
Waterview: No
Location Type: Mainland
Horses Y/N: No
Property Interior Info
Total SqFt - Heated (Primary + Separate): 5467
# Rooms: 8
# Baths - Full: 5
# Baths - Half: 0
# Baths - Total: 5
Master Bedroom Level: N/A
Stories: 3
SqFt - Heated (Primary): 5467
# Bedrooms: 6
Legal & Taxes
Tax Assessed Value: 516100
Total Real Estate Property Taxes: 4490.07
Deed Book: 6443
Deed Page: 1859
Legal: Pt Lts 1/2/3 Blk 158 Wilm
Broker Owner: No
PID: R04817039004000
Tax Identifier: R04817-039-004-000
Plat Book: 0
Plat Page: 0
Special Assessments: none
Tax Year: 2024
Zoning: HD
HOA: No
Cobra Zone: No
Federal Flood Ins Avlbl: Yes
School District: New Hanover
Elementary School: Snipes
Middle School: Williston
High School: New Hanover
Garage & Parking
Attached Garage Spaces: 0
Detached Garage Spaces: 0
Total # Garage Spaces: 0
Total Carport Spaces: 0
Driveway Spaces: 5
Parking Features
Additional Parking: 1
Off Street: 1
HOA and Neigh Amenities
No Amenities: 1
Attic
Access Only: 1
Basement
Dirt Floor: 1
Handicap Accessible
None: 1
Construction
Wood Frame: 1
Unit Type
4 Bedroom Or More: 1
Style
Historic District: 1
Lot Water Features
None: 1
Exterior Features
None: 1
Current Service Providers
Electric Provider: Duke Progress Energy
Natural Gas Provider: Piedmont Natural Gas Co.
Sewer Provider: Cape Fear Public Utility Authority
Water Provider: Cape Fear Public Utility Authority
Exterior Finish
Wood Siding: 1
Terms
Cash: 1
Conventional: 1
Fencing
Metal/Ornamental: 1
Partial: 1
Foundation
Block: 1
Crawl Space: 1
Flooring
Tile: 1
Wood: 1
Green Bldg Certify
None: 1
Green Bldg Features
None: 1
Patio and Porch Features
Covered: 1
Porch: 1
Roof
Metal: 1
Stories/Levels
3 Story or More: 1
Road Type/Frontage
Paved: 1
Public (City/Cty/St): 1
Trash Collection
City Pick-UP: 1
Cooling
Central Air: 1
Heated SqFt
5000 - 5499: 1
Heating
None: 1
Heating System Fuel Source
Natural Gas: 1
Water Heater
Electric: 1
Utilities
Sewer Available: 1
Water Available: 1
Sewer
Municipal Sewer: 1
Water Source
Municipal Water: 1
Appliances/Equip
See Remarks: 1
Furnished
Unfurnished: 1
Interior Features
Basement: 1
High Ceilings: 1
Laundry Features
Hookup - Dryer: 1
Hookup - Washer: 1
Dining Room Type
Formal: 1
Legal Taxes
Year Built: 1948
Property Features
Handicap Accessible: None
Attic: Access Only
Basement: Dirt Floor
Construction: Wood Frame
Unit Type: 4 Bedroom Or More
Style: Historic District
Exterior Features: None
Exterior Finish: Wood Siding
Fencing: Metal/Ornamental; Partial
Foundation: Block; Crawl Space
Green Bldg Certify: None
Green Bldg Features: None
Parking Features: Additional Parking; Off Street
Patio and Porch Features: Covered; Porch
Roof: Metal
Trash Collection: City Pick-UP
Lot Water Features: None
Cooling: Central Air
Heating: None
Heating System Fuel Source: Natural Gas
Water Heater: Electric
Utilities: Sewer Available; Water Available
Sewer: Municipal Sewer
Water Source: Municipal Water
Flooring: Tile; Wood
Furnished: Unfurnished
Interior Features: Basement; High Ceilings
Laundry Features: Hookup - Dryer; Hookup - Washer
Heated SqFt: 5000 - 5499
Dining Room Type: Formal
HOA and Neigh Amenities: No Amenities
Terms: Cash; Conventional
Listing Office:
Intracoastal Realty Corp
IDX
Last Updated: November - 30 - 2025
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