Oak Island, NC 28465,5205 E Pelican DR
Oak Island, NC 28465,5205 E Pelican DR
Oak Island, NC 28465,5205 E Pelican DR
Oak Island, NC 28465,5205 E Pelican DR
Oak Island, NC 28465,5205 E Pelican DR
Oak Island, NC 28465,5205 E Pelican DR
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$ 1,199,000
Est. payment | /mo

6 Beds

6 Baths

2,643 SqFt


Save
$ 1,199,000
Est. payment | /mo
Save

6 Beds

6 Baths

2,643 SqFt

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

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by Island Life Real Estate, LLC
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5205 E Pelican DR