Discover a prime R15 development opportunity in the heart of Wilmington. This 3.50-acre parcel features a beautifully updated 2300sqft single-family home, ideal as an investment property or primary residence. The one-level home boasts three spacious bedrooms, flooded with natural light, fresh designer paint, and brand-new flooring. Two large living areas provide ample space for relaxation or working from home. The formal dining room, adjacent to the kitchen, is adorned with elegant lighting and new flooring, perfect for entertaining. The open kitchen showcases solid hardwood cabinetry, stainless steel appliances, and a generous breakfast area. Enjoy afternoons on the screened porch or explore the gardens and trail leading to the creek. A new 1200 sqft steel barn, built to withstand winds up to 155 mph, is perfect for horses, boat, and RV storage. Additionally, a separate garage with a lift crane offers ample workspace for auto enthusiasts. Included in the sale is a separate three-acre parcel zoned R15, with an easement in place, suitable for an 8-home site community or building your dream house next to the oak trees. Ask about the available 4000 sqft home plan. Don't miss this exceptional opportunity at 5301 Peden Point Road.