Welcome to the historic Samuel Reaves House, a rare opportunity to own a beautifully updated 3-bedroom, 2-bath home in the heart of Downtown Wilmington. Original heart pine floors anchor the living and dining rooms, where a striking double fireplace sets the tone for timeless character and warmth.
Behind the charming bungalow façade, the home opens up to a surprisingly spacious layout. A second living area leads through a dramatic cathedral-ceiling hallway, connecting seamlessly to the screened-in porch and private primary suite. The fully remodeled kitchen features new cabinetry and granite countertops, blending modern functionality with historic appeal.
The primary suite offers a spa-like retreat with a tiled walk-in shower and an elegant freestanding soaking tub. Both bathrooms have been completely renovated, the interior has been freshly painted, and the HVAC system was replaced in 2023—meaning the heavy lifting is already done.
Outside, a brick courtyard creates a secluded oasis with shaded privacy and an in-ground spa—perfect for unwinding after enjoying all that downtown living has to offer. Located on the 500 block of South 2nd Street, this tight-knit stretch of downtown feels like its own neighborhood, where porch waves and friendly hellos are part of daily life.
Historic character, thoughtful updates, and true downtown walkability—this one checks all the boxes.
Sold for $595,378
$595,378
516 S 2nd Street, Wilmington, NC 28401
3beds
1,924sqft
Single Family Residence
Built in 1912
4,356 Square Feet Lot
$607,400 Zestimate®
$309/sqft
$3,184 Estimated rent
Home value
$607,400
$565,000 - $650,000
$3,184/mo
Zestimate® history
Owner options
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$3,184/mo
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$3,184/mo
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$3,422/mo
Est. payment
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$3,422/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Paul D Allsup 910-200-7715,
Coldwell Banker Sea Coast Advantage-Midtown
Bought with:
Emily J Ervin, 328779
Coldwell Banker Sea Coast Advantage-Midtown
Source: Hive MLS,MLS#: 100552081
Originating MLS: Cape Fear Realtors MLS, Inc.
Originating MLS: Cape Fear Realtors MLS, Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Living Room, Dining Room, Master Bedroom, Bedroom 2, Bedroom 3
Heating
- Gas Pack, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Oven, Electric Cooktop, Washer, Refrigerator, Dryer, Disposal
- Laundry: Laundry Room
Features
- Master Downstairs, Walk-in Closet(s), High Ceilings, Ceiling Fan(s), Hot Tub, Pantry, Walk-in Shower, Blinds/Shades, Gas Log, Walk-In Closet(s)
- Flooring: Carpet, Tile, Wood
- Doors: Storm Door(s)
- Basement: None
- Attic: Pull Down Stairs
- Has fireplace: Yes
- Fireplace features: Gas Log
Interior area
- Total structure area: 1,924
- Total interior livable area: 1,924 sqft
Property
Parking
- Parking features: Paved, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: One
- Patio & porch: Covered, Enclosed, Patio, Porch, Screened
- Exterior features: Gas Log, Storm Doors
- Pool features: In Ground, See Remarks
- Fencing: Wood
- Has view: Yes
- View description: See Remarks
- Waterfront features: None
- Frontage type: See Remarks
Lot
- Size: 4,356 Square Feet
- Dimensions: 30 x 164 x 27 x 164
Details
- Additional structures: Storage
- Parcel number: R05409001018000
- Zoning: HD-R
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Historic District
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Crawl Space
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1912
Details
- Warranty included: Yes
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Green energy
- Green verification: None
Community & HOA
Community
- Subdivision: Historic District
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $309/sqft
- Tax assessed value: $527,900
- Annual tax amount: $3,106
- Date on market: 1/30/2026
- Cumulative days on market: 1 day
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/24/2026 | Sold | $595,378-4.7%$309/sqft |
Source:  Hive MLS #100552081 Report a problem | ||
| 1/30/2026 | Pending sale | $625,000$325/sqft |
Source: Hive MLS #100552081 Report a problem | ||
| 1/30/2026 | Listed for sale | $625,000+34.4%$325/sqft |
Source: Hive MLS #100552081 Report a problem | ||
| 8/29/2022 | Sold | $465,000-2.1%$242/sqft |
Source: Hive MLS #100334034 Report a problem | ||
| 7/30/2022 | Pending sale | $475,000$247/sqft |
Source: Hive MLS #100334034 Report a problem | ||
| 7/22/2022 | Price change | $475,000-7.8%$247/sqft |
Source: Hive MLS #100334034 Report a problem | ||
| 7/11/2022 | Price change | $515,000-2.8%$268/sqft |
Source: Hive MLS #100334034 Report a problem | ||
| 6/17/2022 | Listed for sale | $530,000$275/sqft |
Source: Hive MLS #100334034 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,107 +18.3% | $527,900 +74.9% |
| 2024 | $2,627 +3% | $301,900 |
| 2023 | $2,551 -0.6% | $301,900 |
| 2022 | $2,566 -0.7% | $301,900 |
| 2021 | $2,584 -26.3% | $301,900 -9.3% |
| 2020 | $3,506 | $332,800 |
| 2019 | $3,506 | $332,800 |
| 2018 | -- | $332,800 |
| 2017 | $3,506 +51% | $332,800 +58.9% |
| 2016 | $2,321 +4.6% | $209,500 |
| 2015 | $2,219 +4.4% | $209,500 |
| 2014 | $2,124 | $209,500 |
| 2013 | -- | $209,500 |
| 2012 | -- | $209,500 +4% |
| 2011 | -- | $201,511 |
| 2010 | -- | $201,511 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2007 | -- | -- |
| 2005 | -- | $185,314 |
| 2004 | -- | $185,314 |
| 2003 | -- | $185,314 |
| 2002 | -- | $185,314 |
| 2001 | -- | $185,314 |
| 2000 | -- | $185,314 |
Find assessor info on the county website
Neighborhood: Old Wilmington
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Nearby schools
GreatSchools rating
- 5/10Annie H Snipes ElementaryGrades: K-5Distance: 1.7 mi
- 6/10Williston MiddleGrades: 6-8Distance: 0.7 mi
- 3/10New Hanover HighGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Snipes
- Middle: Williston
- High: New Hanover
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$607,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$607,400
- North Carolina
- New Hanover County
- Wilmington
- 28401
- Old Wilmington
- 516 S 2nd Street
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