5205 E Pelican Drive, Oak Island, NC 28465 – MLS# 100524208
Property Map
Street View
Courtesy of April H Annas, Island Life Real Estate, LLC
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 decor 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.
HOA Amenities
Property Details and Features
Property Access
- Road Type/Frontage: Public (City/Cty/St)
Bathrooms
- 6 total bathrooms
- 6 full bathrooms
Bedrooms
- 6 bedrooms
Building
- Heated SqFt Range: 2600 – 2799
- 2,643 heated sqft
- Built in 2022
- 2 stories
- 8 rooms
- Construction: Wood Frame
- Porch/Balcony/Deck: Covered,Deck
- Stories/Levels: Two
Cooling
- Central Air
Dining Room
- Dining Room Type: Combination
Exterior Features
- Exterior Finish: Vinyl Siding
Fence
- None
Fireplaces
- None
Foundation
- Pilings
Garage
- 4 driveway spaces
Water Features
- Electric
Heating
- Heat Pump
Interior Features
- Blinds/Shades
- Furnished
- Kitchen Island
- High Ceilings
Listing
- Listed on 2025-08-06
- Construction Type: Stick Built
- List Price/SqFt: $454
- Terms: Cash,FHA,Conventional
Location
- County: Brunswick
- Zip Code: 28465
- Latitude: 33.910191
- Longitude: -78.111456
- Subdivision: Not In Subdivision
- City Limits: Yes
Lot
- 5,227 sqft lot
- Lot Dimensions: 50x102x50x96
- 0.12 acres
- Lot Water Features: Third Row
Parking
- Covered
- Gravel
Possession
- At Closing
Property
- Zoning: R7
- Waterview
Roof
- Architectural Shingle
Schools
- School District: Brunswick County Schools
Taxes
- Tax Assessed Value: $921,120
- City Tax Rate: 4538
- Tax Year: 2025
Utilities
- Sewer Connected
- Water Connected