This well-constructed 3,607-square-foot coastal home offers 5 bedrooms, 3 full baths, and an exceptional opportunity to transform an already substantial residence into a spectacular modern island retreat. Originally constructed by The Manning Companies, the home offers generous living spaces across three levels, abundant storage, and multiple outdoor living areas. The ground level features convenient entry from the driveway or spacious two-car garage into a comfortable living or entertainment area. This level also includes a large bedroom with ensuite bath, covered porch, storage room, and access to the fenced backyard. On the second floor, enjoy relaxing evenings on the sprawling covered front porch overlooking quiet, less-traveled Searay Lane. A separate guest entrance opens into a foyer with laundry closet and leads to an expansive open-concept living, dining, and kitchen area. Two additional guest bedrooms and a shared full bath are located on this level, along with a covered screened porch and two additional decks that provide plenty of space for enjoying the coastal lifestyle. The third floor features an impressive primary suite with two spacious walk-in closets, a large bath with soaking tub and tiled shower, and access to a covered rear porch. From there, spiral stairs lead to an elevated lookout deck offering glimpses of the ocean waves. An additional bedroom with a walk-in closet is also located on this level, with convenient access to the bath from the hallway. Additional features include 9-foot ceilings, beautiful oak hardwood flooring throughout much of the second and third floors, a metal roof, abundant storage throughout the home, and a central vacuum system. With its generous square footage, solid construction, flexible floor plan, and outstanding coastal location, this property offers tremendous potential for a buyer looking to purchase value and thoughtfully renovate the home into a truly spectacular island showplace. Walk, bike, or take the golf cart loaded with beach gear just a few short blocks to enjoy the surf, sand, and ocean breezes along the beach strand. Carolina Beach and Kure Beach also offer an abundance of shopping, casual and fine dining, recreation, and entertainment nearby, with convenient access to everything Wilmington has to offer.