387 W First Street,Ocean Isle Beach, NC 28469
Ocean Isle Beach, NC 28469
Description
Multiple six figures in annual rental income. Oceanfront. Newer construction. Elevator. Heated saltwater pool. On the coveted west end of Ocean Isle Beach. Built to maximize both guest experience and investment performance, this 10-bedroom, 8 full bath, 2 half bath oceanfront residence spans more than 5,000 square feet and comfortably accommodates up to 39 guests, making it one of the premier short-term rental properties on the island. Positioned on the highly desirable west end of Ocean Isle Beach, guests can leave the car behind and walk to Le Volte, one of the island's premier dining destinations located just around the corner. This combination of beachfront privacy and walkability to dining is exceptionally rare and consistently drives vacation demand. Designed with exceptional rental performance in mind, the home features elevator access to every floor and handicap-accessible design, allowing guests of all ages and abilities to enjoy the property. The heated oceanfront saltwater pool and spa create a true resort experience, while the expansive outdoor entertaining area includes two gas grills, a 14-foot bar, outdoor kitchen, entertainment center, and low-maintenance artificial turf surrounded by mature palms. Beyond traditional vacation rentals, the property is frequently rented for weddings and events, creating an additional income opportunity. To support these events, the home conveys with a turnkey inventory including 80 wedding chairs, ten 60-inch round dining tables, six 30-inch cocktail tables, three 8-foot banquet tables, and rolling storage carts for easy setup and organization. Inside, guests are welcomed by panoramic Atlantic views from nearly every room. The chef's kitchen is equipped to handle large groups with premium appliances, including a side-by-side refrigerator and full-size freezer, dual sinks, double ovens, an 8-burner range, beverage station with ice maker, and generous prep space. Two laundry rooms further enhance functionality for high-occupancy rentals and extended stays. Expansive oceanfront decks capture both sunrise over the Atlantic and spectacular evening sunsets thanks to the home's coveted south-facing shoreline. A private beach walkover places the sand just steps from your backyard. For investors, North Carolina's coastal market continues to offer compelling advantages over many competing beach destinations. Lower property taxes and operating costs than many coastal markets, combined with strong vacation demand and favorable ownership economics, allow investors to keep more of their rental revenue while building long-term equity in a premier oceanfront asset. Whether you're expanding a luxury vacation rental portfolio, completing a 1031 exchange, or searching for a legacy property that generates meaningful income while your family enjoys it throughout the year, this is an exceptionally rare opportunity to own one of Ocean Isle Beach's high-performing oceanfront homes.
Details
| MLS # | 100591472 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| HOA Dues | $500 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2024 |
| Days On Site | 50 |
| Listing Provided By | Compass Carolinas LLC | Kristen Lueck |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 Total |
| SQ Feet | 5,390 |
| Garage | 6 |
| Pool | Yes |
| Story(s) | 3 |
| Zoning | OI-C-1 |
| Acreage | 0.42 |
| Water Front | Yes |
| Property View | Ocean, Water |
Interior
| Interior Features | Walk-in Closet(s), High Ceilings, Entrance Foyer, Kitchen Island, Elevator, Ceiling Fan(s), Furnished, Pantry, Walk-in Shower, Wet Bar, Built-in Features, Walk-In Closet(s) |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Cooling | Central Air, Ceiling Fan(s), Heat Pump, Multi Units |
| Fireplace Yes / No | No |
| Laundry Features | Dryer Hookup, Washer Hookup, Laundry Closet, Laundry Room |
| Furnished | Furnished |
| Rooms Total | 19 |
Exterior
| Exterior Features | Outdoor Shower, Irrigation System, Gas Grill, Outdoor Kitchen, Outdoor Grill |
|---|---|
| Roof | Metal |
| Foundation Details | Other, Pilings |
| Lot Features | Dead End, Dunes, Ocean Side |
| View | Ocean, Water |
| Construction Materials | Fiber Cement, Wood Frame |
| Security Features | Smoke Detector(s) |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Garage Yes / No | Yes |
| Parking Features | Garage Faces Front, Attached, Gravel, Off Street, Tandem, Garage, Underhouse |
Utilities
| Utilities | Cable Available, Sewer Connected, Water Connected |
|---|
Taxes
| Tax Assessed Value | 3410890 |
|---|---|
| Tax Book Number | 22 |
| Tax Legal Description | L-20 PH-2 ISLANDER RESORT PLAT 22/203 |
| Tax Year | 2025 |
Area Information
| State | NC |
|---|---|
| County | Brunswick |
| City | Ocean Isle Beach |
| Zip Code | 28469 |
| Community Name | Islander Resort |
| School District | Brunswick County Schools |
| Elementary School | Union |
| High School | West Brunswick |
| Listing VS Median (in Islander Resort) | |
Price: $4,685,000 low | high Med: $2,735,000 sqft: 5,390 low | high Med: 3,629 $ / sqft: $869 low | high Med: $755 On site: 50 low | high Med: 345 | |
Market Activity 28469
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NC |
|---|---|
| County | Brunswick |
| City | Ocean Isle Beach |
| Zip Code | 28469 |
| Community Name | Islander Resort |
| School District | Brunswick County Schools |
| Elementary School | Union |
| High School | West Brunswick |
| Listing VS Median (in Islander Resort) | |
Price: $4,685,000 low | high Med: $2,735,000 sqft: 5,390 low | high Med: 3,629 $ / sqft: $869 low | high Med: $755 On site: 50 low | high Med: 345 | |
