387 W First Street , Ocean Isle Beach, NC 28469

$4,685,000
  • 387 W First Street , Ocean Isle Beach, NC 28469 Main Photo

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BEDS10 BATHS8 full 2 partial SQUARE FEET5,390 MLS#100591472
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONIslander Resort SCHOOLBrunswick County Schools

Property 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.

387 W First Street | MLS# 100591472

This single family home located at 387 W First Street , Ocean Isle Beach, NC 28469 is currently listed for sale with an asking price of $4,685,000. This property was built in 2024 and has 10 bedrooms and 8 full and 2 partial baths with 5390 sq. ft. W First Street is located in the Islander Resort subdivision within the Brunswick County Schools school district. Search Islander Resort real estate on www.century21thomas.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s), Heat Pump, Multi Units
Garage: 6 car attached
Heating: Propane, Heat Pump, Forced Air
Lot Size: 0.42 Acres
Roof Type: Metal
Stories: 4.0
Year Built: 2024

Amenities

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)
Outdoor Shower
Irrigation System
Gas Grill
Outdoor Kitchen
Outdoor Grill

Feature Descriptions

Accessibility: Accessible Full Bath, Accessible Approach with Ramp, Accessible Elevator Installed
Appliances: Electric Oven, Freezer, Washer, Refrigerator, Ice Maker, Dryer, Double Oven, Disposal, Dishwasher, Tankless Water Heater, Gas Range
Association Amenities: Beach Access, Maintenance Roads, Management, Tennis Court(s), Club Membership
Days on Site: 46
Exterior: Fiber Cement, Wood Frame
Fencimg: Back Yard, Vinyl
Flooring: LVT/LVP, Tile
Furnished: Yes
HOA Fee: $500/ Annually
Laundry: Dryer Hookup, Washer Hookup, Laundry Closet, Laundry Room
Lot: Dead End, Dunes, Ocean Side
Lot Dimensions: 60x292x65x291
Parcel#: 257jc020
Parking: Garage Faces Front, Attached, Gravel, Off Street, Tandem, Garage, Underhouse
Parking Notes: Garage Faces Front, Attached, Gravel, Off Street, Tand
Patio/Porch: Covered, Deck, Patio, Balcony, Front Porch, Rear Porch
Pool: In Ground, Hot Tub, Private
Security: Smoke Detector(s)
Sewer: Municipal Sewer, City/Town
Special View Info: Ocean, Water
Swimming Pool: Yes
Utilities: Cable Available, Sewer Connected, Water Connected
Water: Public

Local Schools

High School: West Brunswick
Middle School: Shallotte Middle
Elementary School: Union
School District: Brunswick County Schools

Listed By / Shown By

Listed By

Agency Name: Compass Carolinas LLC
Agency Phone: 919-726-6548

Shown By

Agency Title: CENTURY 21 Thomas
Agency Phone: 888-249-2100

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Estimated Payment

$ 11,793.24 per month $10,426.78 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,366.46 Homeowner's Insurance

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