Why buy one beach house when you can buy three?Three bungalows. Three lots. And one completely turnkey investment that generated over $180,000 in gross rental revenue in 2025 and is one pace to do $250k+ in 2026 -- making it one of the highest-rated short-term rental properties on the entire island.This isn't your average beach house. It includes 3 standalone units, all fully renovated and furnished:Bungalow 1: 2 bedroom/2 bath with a large, open floor plan kitchen and living room, screened in side porch, large front deck with hot tub and ocean view.Bungalow 2: Perfectly laid out studio unit with outdoor space on both sides, including a hot tub and outdoor shower on one side and a lounge area on the other.Bugalow 3: 4 bedroom/4 FULL bath property with 3 ensuite bedrooms, large kitchen area, breezeway separating the two wings and a private deck area with hot tub.Since 2023, this collection of charming coastal bungalows has been completely transformed into a polished, guest-ready micro resort. Every unit was redesigned from the ground up, interiors brightened and refreshed, exteriors freshly painted, and the outdoor spaces elevated with three brand new hot tubs, three outdoor showers, a fire pit, and all-new landscaping. The result? A property that practically runs itself and keeps guests coming back.All furniture included. Just show up and start collecting checks.And it gets sweeter -- those three separate lots each have the potential to support a duplex, giving a savvy developer a serious runway for future upside. Whether you're someone looking to live at the beach for free by living in one unit while the others pay your mortgage, a seasoned investor adding a proven performer to your portfolio, or a developer with an eye on what this land could become -- this one checks every box.Turnkey. Cash-flowing. Irreplaceable. Here's your chance to own Kure Beach's finest micro resort.Listing agent is one of the owners of the property.
Listed By
Agency Name: Fathom Realty NC LLC
Agency Phone: 888-455-6040
Shown By
Agency Title: CENTURY 21 Thomas
Agency Phone: 888-249-2100
Estimated Payment
$ 4,908.60 per month $4,339.85 Principal & Interest $0.00 Property Tax (data not provided by mls) $568.75 Homeowner's Insurance
636 & 644 S Third Avenue | MLS# 100565968
This single family home located at 636 & 644 S Third Avenue, Kure Beach, NC 28449 is currently listed for sale with an asking price of $1,950,000. This property was built in 1940 and has 7 bedrooms and 7 full baths with 3618 sq. ft. & 644 S Third Avenue is located within the New Hanover school district. Search Kure Beach real estate on www.century21thomas.com today.