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as low as 2.99% (5.895% APR)**
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1197 Sunwater Terrace

Leland, NC 28451
$629,071
Calculator$0/mo
  • Beds5
  • Baths4.5
  • Sq Ft4,297
  • Stories2
  • Garage2-Car

Welcome to the Yates II! This home features five bedrooms, four-and-one-half bathrooms, and a loft. When you enter the home you are greeted by a wide foyer, perfect for welcoming guests. A flex room is situated off the foyer and can be used as an office or living room. As you move into the home you will find a beautiful formal dining room with a coffered ceiling that connects to the kitchen by a butler's pantry with cabinets. The kitchen is very large with a huge island in the center. It has a gas cooktop, wall mounted microwave and oven, and a tile backsplash. From the kitchen you overlook the spacious great room with fireplace as well as a sunroom to the back of the home. There is also an amazing guest suite tucked away in the rear of the home. As you move up the staircase, you will see a very large loft area perfect for a second entertaining area. There is also a Jack and Jill bath situated between two of the bedrooms and a third bedroom which shares the third full bath. The primary bedroom flanks the entire back of the home with a large bedroom, a dressing area, and then a luxury bath which features double sinks, a standalone tub and two closets. Located just minutes to shopping and dining as well as Historic Downtown Wilmington, welcome to Grand Park! This master planned community offers amenities such as a swimming pool, covered outdoor pavilion, and walking paths.
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Ready October 2026
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Floor Plan

1st Floor
2nd Floor

Specifications

  • Address
    1197 Sunwater Terrace
  • City, St, Zip
    Leland, NC 28451
  • Bedrooms
    5
  • Full Baths
    4
  • Half Baths
    1
  • Sq Ft
    4,297
  • Price
    $629,071
  • Estimated Completion Date
    Ready October 2026
  • Community
    Grand Park
  • Plan
    Yates II
  • Status
    Under Construction
  • Homesite
    309
  • Garages
    2-Car
  • Primary Bedroom Location
    Upstairs

Map & Directions

Community Directions
  • From Hwy 17-S towards Myrtle Beach: 
  • Turn right NC-87 N (Maco Rd.)
  • Stay straight for one mile. 
  • Grand Park will be on the right.
  • From Hwy 17-N towards Wilmington: 
  • Turn left NC-87 N (Maco Rd.)
  • Stay straight for one mile. 
  • Grand Park will be on the right.
Home Address

1197 Sunwater Terrace
Leland, NC 28451

View in Google Maps

Schools

Grand Park Schools

*Schools can change without notice. Verify with the local school district.

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Grand Park Included Features

Community Amenities

Outdoor Pavilion

Picnic Area

Pool

Tree-lined Streets

Pavilion with Grilling Station

Ready To Get Started?

Send us a quick message and we’ll get back with you shortly.

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Silverton Mortgage is authorized to originate FHA loans, but it is not an agent of, or affiliated with, the U.S. Government.

ALL LOANS ARE SUBJECT TO CREDIT APPROVAL.

Contact your Mungo Homes sales manager for a list of eligible homes. Contracts written before 7/31/26. Loan must close before 9/30/26. All terms and conditions subject to credit approval, market conditions and availability. Silverton Mortgage has locked in a fixed interest rate for a pool of funds. Rates only available until pool of funds is depleted or rate expires.

*Example of 96.5% LTV FHA Loan Program with $350,000.00 sales price. $343,660.00 loan amount - 30-year fixed rate loan with zero points based on 360 monthly payments at $1,842.74 each (P&I only). Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Down payment of $12,250 required. Example assumes 780 credit score and includes $1,595 origination fee, 5.798% APR, and 4.99% interest rate. Rate, fees, other charges and terms subject to change.

**Example of FHA 96.5% LTV (3.5% Down Payment) 2-1 Buydown Loan Program with $350,000 sales price, $343,660 loan amount, $12,250 cash down payment 30-year fixed-rate loan with 0 points - $1,842.74 monthly payments. First-year monthly payment $1,447.03 with an interest rate of 2.99%, 5.895% APR. Second Year monthly payment $1,638.70 with an interest rate of 3.99%,  5.895% APR. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Example includes $1,495 origination fee. 5.895% APR and 4.99% interest rate for years 3-30 of the loan and a credit score of 720. Rates, fees, other charges and terms are subject to change. Product requires a seller contribution of $8,575.00 to pay for the cost of the 2/1 Buydown.

***Example of 96.5% LTV (3.5% Cash Down) FHA 5/1 ARM Loan Program with $400,000 sales price. 392,755 loan amount - 5-yr adjustable-rate loan (30-yr term) with zero points based on 360 monthly payments. 3.5% cash down payment of $14,000 required. Example includes $1,595 origination fee, 5.773% APR, and 3.99% interest rate. Initial monthly payment will be $1872.81 (principal and interest only). After the initial fixed rate period and subject to the interest rate adjustment caps, the maximum first adjusted rate for this example will never be more than 4.99% with a first adjustment maximum payment of $2,105.99  (principal and interest only). The maximum lifetime rate will never be more than 8.99% with an estimated maximum monthly payment (principal and interest only) of $3,3157.37. Monthly payments do not include required mortgage insurance, taxes, insurance premiums or other applicable escrows. Actual payment amount will be higher. Your interest rate and payment may increase with the first or any subsequent adjustment. This example assumes the Treasury index will be used throughout the life of the loan and will not change. Fees, other charges, and terms subject to change.

Vanderbilt Mortgage and Finance, Inc., dba Silverton Mortgage, 1201 Peachtree St NE, Ste 2050, Atlanta, GA 30361, 404-815-0291, NMLS #1561, (http://www.nmlsconsumeraccess.org/), AZ Lic. #BK-0902616, Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act license, Licensed by the N.J. Department of Banking and Insurance, Licensed by PA Dept. of Banking and Securities, Rhode Island Licensed Lender. Licensing information: https://silvertonmortgage.com/licensing/. Equal Housing Opportunity. 07/2025

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