Here is a rare opportunity to call one of the most beautiful and desirable locations in Wilmington near the Intracoastal Waterway home. The NC lifestyle is calling. This custom Cape Cod-Style home with deeded water access and ICW views along with a 24 + ft. boat slip is tucked away near the end of Pelican Point Road nestled near Live Oaks, Cypress, Camelias and Azaleas. Relax in this large 5 bedroom and 4 1/2 bath coastal beauty while smelling the salt air from an extensive wraparound porch and multiple bedroom balcony spaces.The first floor is an expansive finished recreation room with an adjoining bedroom and full bath. The middle floor welcomes you into a light filled foyer and spacious Grate room that opens out to the back porch. High ceilings, built-ins and a fireplace add to the custom main living area. The Brazilian Cherry hardwoods catch the natural light coming in through the windows. The kitchen is open with a large useful island for cooking and entertaining. Lots of granite counter top, cupboard storage and pantry. There is also a reverse osmosis water system installed. You will find the relaxing Master Bedroom on this floor with Brazilian Cherry hardwoods and two walk-in closets. Walk through the double doors in the Master to the porch with your morning coffee. The Master Bath has a walk-in shower and jetted garden tub. This floor also contains a Study and a Laundry Room, Half bath and coat closet as well. You will find 3 more Bedrooms up the stairs on the last floor. White Oak Hardwoods, French Doors in two of the bedrooms that lead to a Balcony. One bedroom has a full bath and there is another full bath in the upstairs hall. So much extra storage upstairs with hall built-ins and a walk-in attic. Enjoy all of the outdoor living area this home offers with the Mahogany and Ipe wraparound porch that includes Cypress wood porch ceilings. You can survey the beautiful fenced-in backyard and peek-a-boo views of the ICW from the multiple level porches.