$819,000 in 28412: 3,235 sq-ft “The Cape” listing prices at ~$253/sq-ft

Property Summary

A newly listed single-family home at 420 Bobby Jones Dr (Wilmington, NC 28412) hit the market February 20, 2026 at $819,000, placing it well above Wilmington’s broad median-listing-price band and squarely in the “move-up / amenity-heavy” segment. The key economic question: whether buyers will pay a premium for size + lot + pool in this pocket of south Wilmington versus newer construction alternatives nearby.

Fast Facts (verified)

• Address: 420 Bobby Jones Dr, Wilmington, NC 28412
• List price: $819,000 (active as of February 20, 2026)
• Beds / baths: 5 bed / 4 bath
• Size: 3,235 sq ft
• Lot: 0.38 acres
• Year built: 1997
• HOA: Yes; Zillow shows $847 annually (also displayed as ~$71/mo on the page)
• Days-on-market signal: Realtor.com shows “listed on the market for 10 days” (page update timing can shift)

What stands out (verified, not marketing copy)

• Price-per-sq-ft is “mid-$200s,” not luxury-tier for the city—this is a size/amenity play more than a finishes-only premium.
• 0.38-acre lot is meaningful in 28412 where many newer neighborhoods skew smaller lots.
• Private pool is explicitly referenced in multiple public listing mirrors (pool ownership shifts total cost of ownership—see watch-outs).
• HOA is present but not high-dollar on the face of it (annual figure shown publicly), which matters for monthly payment math.

Pricing lens

• $819,000 ÷ 3,235 sq ft ≈ $253/sq ft (matches public portals showing ~$253/sq ft).
• Context: Redfin’s Wilmington snapshot cites a median listing price around $450K (citywide, all types), so this home is competing for buyers who can stretch above the “typical” bracket and may also be cross-shopping newer builds.

What it means: At ~$253/sq-ft, the value proposition depends on whether buyers prioritize interior volume + yard + pool over the perceived risk/maintenance of a 1997 home.

Neighborhood + real-economy tie-in

This is south Wilmington (28412)—a “live close to beaches / river access corridors” location that tends to pull demand from:

• move-up local buyers trading commute convenience for space, and
• relocating households seeking established neighborhoods rather than construction timelines.

Market signal to watch: If multiple 28412 listings cluster near the same ~$250–$300/sq-ft band, it suggests the submarket is pricing “space” more consistently than “newness.” (Needs comp verification—see checklist.)

Risks / watch-outs

• Pool economics: ongoing maintenance, equipment replacement cycles, and higher insurance complexity versus non-pool homes. (Exact pool condition not confirmed in public facts—only that a pool is referenced.)
• 1997 build: likely creates buyer diligence around roof age, HVAC life, windows, and major systems—none of which are confirmed in the public portals.
• HOA terms: public portals show dues and some amenities, but rules (rentals, architectural controls, assessments) need verification from HOA docs.

What to verify next (checklist)

Confirm HOA name, rules, and any pending assessments (portal text can be imperfect).

Pool specifics: salt vs chlorine, heater, equipment age, resurfacing history (not confirmed in public facts).

Insurance/flood: request flood zone + prior claims history (not available in the public listing details shown).

Recent comps in The Cape / immediate 28412 radius at similar size (3,000+ sq ft) and lot (0.25+ acres).

Systems: roof date, HVAC age, water heater, plumbing supply lines (not confirmed publicly).