5205 E Pelican DR Active Save Request In-Person Tour Request Virtual Tour
Oak Island,NC 28465
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,643 sqft
Price per Sqft $453
Subdivision Not In Subdivision
MLS Listing ID 100524208
Style Wood Frame
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 2022
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 50x102x50x96
Property Sub-Type Single Family Residence
Source Hive MLS
Property Description
Enjoy coastal living at its finest in this beautiful two-story home on pilings, located just steps from the beach on Oak Island's desirable third row. From both spacious decks, take in the beautiful ocean views that make every sunrise and sunset feel like a private show.
Sold fully furnished (with some décor and fishing item exclusions), this property is ready to start enjoying or renting right away. The unique layout features two identical floor plans—one on each level—each with its own living area, kitchen, bedrooms, and baths. Use it as two separate rental units for maximum income potential or open it up for one large vacation retreat perfect for hosting family and friends.
Outdoor living shines here with a regulation-size corn hole area, relaxing swings, a grilling area, and an outdoor shower to rinse off after beach days. You'll also love the convenient location close to grocery stores, shopping, and dining, making every visit easy and enjoyable.
This property currently generates nearly $70,000 in annual rental income under the owner's management. Some rental program projections predict more than $100,000 in rental income making it an exceptional opportunity for investors and vacationers alike.
Whether you're seeking a smart investment, a multi-family getaway, or a mix of both, this home offers endless possibilities in one of the island's most sought-after locations.
Location
State NC
County Brunswick
Community Not In Subdivision
Zoning R7
Direction NC-133 S/Country Club Rd, Turn Right onto E Oak Island Dr., Turn left onto SE 58 St., Right onto E Pelican Dr., house is on the left
Location Details Island
Rooms
Primary Bedroom Level Primary Living Area
Interior
Interior Features High Ceilings,Kitchen Island,Furnished
Heating Electric,Heat Pump
Cooling Central Air
Fireplaces Type None
Fireplace No
Exterior
Parking Features Covered,Gravel
Utilities Available Sewer Connected,Water Connected
Waterfront Description Third Row
View Ocean
Roof Type Architectural Shingle
Porch Covered,Deck
Building
Story 2
Entry Level Two
Foundation Other
Sewer Municipal Sewer
Water Municipal Water
New Construction No
Schools
Elementary Schools Southport
Middle Schools South Brunswick
High Schools South Brunswick
Others
Tax ID 249dd026
Acceptable Financing Cash,Conventional,FHA
Listing Terms Cash,Conventional,FHA