247 Heart Pine Ave, Wilmington 28411: $580K New Build Sells at $268/Sq Ft in 0 Days

Property Summary

247 Heart Pine Ave in the gated Indigo at Abbey Preserve community closed on February 25, 2026 at $580,561 — matching its list price to the dollar and recording 0 days on market. That zero-DOM figure almost certainly reflects a pre-sale contract on new construction rather than open-market velocity, but the signal is the same either way: builder inventory in the 28411 corridor is being absorbed before it hits MLS in any meaningful sense. At $268/sq ft for a 2,168 sq ft stick-built home, this transaction gives investors and agents a clean benchmark for where northern Wilmington new-construction pricing sits in early 2026.

Fast Facts

• Address: 247 Heart Pine Ave, Wilmington, NC 28411
• Sale Price: $580,561
• Beds / Baths: 3 bed / 3 full bath
• Heated Sq Ft: 2,168
• Lot Size: 9,583 sq ft (irregular, ~63 x 156 x 73 x 167)
• Year Built: 2025
• Price / Sq Ft: ~$268
• DOM: 0 (listed 11/06/2025; pre-sale closing)
• HOA: $92/month (Premier Management Co.)
• Flood Zone: Not in COBRA Zone per listing data
• Construction: Wood frame, slab foundation, architectural shingle roof
• Builder: Mungo Homes
• Model: The Fullerton
• Zoning: RD | APN: 3270-49-7397-0000

What Stands Out

• Zero DOM on a $580K+ transaction — consistent with builder pre-sale absorption, meaning this unit was under contract before or at the point of MLS entry. This pattern, if repeated across Indigo at Abbey Preserve, suggests the builder is pricing to clear inventory in contract phase rather than testing the open market.
• $268/sq ft positions relative to broader Wilmington pricing. The city's median sale price has ranged from roughly $443K to $458K in early 2026 depending on the month and source; this property exceeds those figures on absolute price but delivers more square footage per dollar than many resale alternatives closer to downtown.
• Main-floor primary suite — a design choice that skews toward the 55+ and move-down buyer demographic, which is a dominant demand driver in master-planned communities along the northern corridor.
• $92/month HOA is moderate for a gated community with trails, security gate, and a resident manager. That annualizes to $1,104, a figure that won't materially impact debt-service coverage for rental investors but does add to carry cost.
• Energy-efficient build spec — ENERGY STAR lighting, heat pump with natural gas backup, and LVP/tile flooring indicate a builder targeting insurance and utility cost awareness, both increasingly relevant in coastal NC.
• School zoning per listing data includes South Topsail Elementary (rated A- by Niche, 9/10 by GreatSchools), Topsail Middle, and Topsail High — part of Pender County Schools. Note: this property is in ZIP 28411 while South Topsail Elementary is in Hampstead (ZIP 28443); buyers should independently verify school zone assignments through Pender County Schools, as listing-site school data can be imprecise.

Pricing Lens

At $268/sq ft, this sale provides a new-construction data point for the Indigo at Abbey Preserve community, which is built by Mungo Homes and offers 13 floor plans ranging from 1,671 to over 4,300 sq ft with base prices starting at $459,990. Direct comparable closed sales data for this subdivision was not available in public search results at the time of analysis. The table below frames this transaction against the broader context rather than confirmed closed comps:

Key gap: Without closed sales from other Indigo at Abbey Preserve lots or nearby new-construction communities in 28411, it is difficult to determine whether $268/sq ft represents builder discount pricing, market rate, or a premium. Agents and investors should pull MLS records for recent closings in Abbey Preserve and adjacent communities like Topsail Preserve or Hampstead-area new builds for a true apples-to-apples read.

Neighborhood & Market Context

The 28411 zip code covers Wilmington's northern growth corridor, stretching toward Hampstead and benefiting from continued commercial build-out along US-17. This area has absorbed significant residential development over the past five years, driven by household formation, retiree in-migration, and relative affordability compared to Wrightsville Beach and downtown Wilmington.

Indigo at Abbey Preserve is a gated community built by Mungo Homes (founded 1954 in South Carolina, now part of Clayton Properties Group), located at 182 Heart Pine Avenue in Pender County. The community offers private access to the Abbey Nature Preserve with walking trails and fitness stations, sidewalks, street lighting, and gated entry. It is positioned approximately 20 minutes from Wrightsville Beach and downtown Wilmington. This profile trends toward buyers seeking perceived security and HOA-managed amenities — a demographic that skews older and owner-occupied. The RD zoning and community structure likely limit short-term rental use, a factor rental investors must confirm before underwriting.

School quality remains a demand anchor. South Topsail Elementary (rated A- by Niche, 9/10 by GreatSchools) and the Topsail Middle/High feeder pattern attract family buyers, which supports resale liquidity in the $500K–$650K band.

Risks & Watch-Outs

• Pre-sale pricing opacity. Zero-DOM builder sales can mask whether the transaction reflects current market value or a price locked months earlier. If the contract was signed in mid-2025, the $268/sq ft figure may already be stale relative to early 2026 conditions.
• Flood and insurance costs. While the listing indicates no COBRA Zone designation, the property is in Pender County (not New Hanover County). Buyers should independently verify FEMA flood zone status and obtain insurance quotes — wind/hail and flood premiums in this corridor have been rising.
• HOA governance and reserves. New communities often have developer-controlled HOA boards with limited reserve funds. The $92/month fee may increase as the community matures and the HOA transitions to resident control.
• Builder warranty scope. New-construction buyers should confirm whether a structural warranty (typically 10-year) and systems/appliances warranties are included and transferable.
• Rental restrictions. Gated communities in this submarket frequently impose minimum lease terms or outright STR bans. Not confirmed in public listing details — verify with HOA governing documents.

Before You Buy

• Confirm current FEMA flood zone designation directly via the FEMA Map Service Center — do not rely solely on listing data
• Obtain wind/hail and flood insurance quotes specific to this address before finalizing any investment underwriting
• Request HOA governing documents, including CC&Rs, current budget, reserve study, and any rental restrictions
• Pull closed comparable sales within Indigo at Abbey Preserve and adjacent 28411 new-construction communities from MLS
• Verify builder warranty terms from Mungo Homes — structural, mechanical, and appliance coverage periods and transferability
• Confirm zoning permits and community build-out timeline — how many lots remain unsold, and what is the builder's projected completion date for the full development
• Check Pender County tax records for the assessed value and current tax rate on this parcel (APN: 3270-49-7397-0000)