2507 E Oak Island DR, Oak Island, NC 28465
2507 E Oak Island DR, Oak Island, NC 28465
2507 E Oak Island DR, Oak Island, NC 28465
2507 E Oak Island DR, Oak Island, NC 28465
2507 E Oak Island DR, Oak Island, NC 28465
2507 E Oak Island DR, Oak Island, NC 28465
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$ 575,000
Est. payment | /mo

3 Beds

2 Baths

2,084 SqFt


Save
$ 575,000
Est. payment | /mo
Save

3 Beds

2 Baths

2,084 SqFt

Open House

Sat Nov 07, 12:00pm - 2:00pm

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,084 sqft

Price per Sqft $275

Subdivision Not In Subdivision

MLS Listing ID 100611003

Style Wood Frame,Stick Built

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1989

Lot Size 7,623 Sqft

Acres 0.17

Lot Dimensions 60x125

Property Sub-Type Single Family Residence

Source Hive MLS

Property Description

Why choose between your own beach retreat and an investment opportunity when you can explore both? This beautifully renovated 5-bedroom, 3-bath Oak Island home offers two distinct living areas, exceptional flexibility, and the opportunity to enjoy coastal living while potentially generating rental income.

Situated on pilings outside the designated flood zone and just a short stroll from the beach, the home features a bright, open main level with 3 bedrooms, 2 full baths, and a beautifully updated kitchen with new granite countertops, refreshed cabinetry, and luxury vinyl plank flooring. An expansive wrap-around porch invites you to relax and enjoy the coastal breezes.

Downstairs, a separate 2-bedroom, 1-bath living area features its own entrance, kitchenette, comfortable living space, and updated LVP flooring. The previous owner lived upstairs while renting the lower level for a reported $1,800 per month, creating an appealing opportunity for buyers interested in combining personal use with potential rental income.

Additional highlights include no HOA, a one-car garage, generous parking for vehicles and boats, and flexible storage space. Enjoy convenient access to the beach, Middleton Park, restaurants, and island shops.

Whether you're seeking a primary residence, vacation getaway, or investment property, this versatile coastal home offers possibilities beyond the ordinary. Short-term rental income potential may provide additional opportunities, subject to local regulations and independent verification.

Rental History & Investment Potential: Previous owner reportedly occupied the upper level and rented the separate 2BR/1BA lower-level accommodations long-term for $1,800/month ($21,600 annualized gross income). Short-term vacation rental projections reportedly exceed $50,000 in potential annual gross revenue. Income is not guaranteed. Buyers should verify permitted rental use, legal bedroom count, applicable regulations, and projected income.

LSV / Golf Cart Access: Portions of E. Oak Island Drive restrict Low-Speed Vehicle travel. A potential alternative route via E. Palm Island Drive, 26th Street, Yacht Drive, and SE 40th Street toward the beach has been identified but has not been independently verified. Buyers and agents should confirm permitted routes with the Town of Oak Island.

Location

State NC

County Brunswick

Community Not In Subdivision

Zoning Ok-R-6

Direction From Long Beach RD SE going over the bridge to Oak Island, the road turns into Country Club Drive, Turn Right on East Oak Island Dr, turn left onto 26th St. From 211 SE turn right onto Middleton BLVD and go over the bridge to Oak Island, turn left onto E Oak Dr and turn right onto SE 26th ST. Home is on your right.

Location Details Island

Rooms

Basement None

Primary Bedroom Level Primary Living Area

Interior

Interior Features Solid Surface, 2nd Kitchen, Ceiling Fan(s), Blinds/Shades, Eat-in Kitchen

Heating Electric, Heat Pump

Cooling Central Air

Flooring LVT/LVP, Carpet

Furnishings Negotiable

Fireplace No

Appliance Electric Cooktop, Washer, Refrigerator, Range, Dryer, Dishwasher

Laundry Laundry Room

Exterior

Parking Features Garage Door Opener, None, Off Street, On Site, Unpaved, Garage

Garage Spaces 1.0

Utilities Available Sewer Connected, Water Connected

View None

Roof Type Metal

Porch Covered, Porch, Wrap Around

Garage Yes

Building

Lot Description Front Yard, Corner Lot

Entry Level Two

Foundation Other, Pilings

Water Public

Level or Stories 2

New Construction No

Schools

Elementary Schools Southport

Middle Schools South Brunswick

High Schools South Brunswick

Others

Tax ID 235jl005

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors
Listed by BlueCoast Realty Corporation

NEARBY SCHOOLS & PROPERTIES

Sydney Finn

+1(252) 908-3204

sydney@waltersteam.com

526 E Nash St, Hope, NC 27882

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2507 E Oak Island DR