1. North Carolina
2. Oak Island
3. 5205 E Pelican Drive

5205 E Pelican Drive, Oak Island, NC 28465

• 6 beds |
• 6 baths |
• 2,643 sqft

Property 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 décor 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.

Listing Status:

Active

Listing Office:

Island Life Real Estate, LLC : 910-294-0911

MLS ID:

100524208

Interior

• General: High CeilingsKitchen IslandFurnishedBlinds/Shades
• Master Bedroom: Primary Living Area
• A/C: Central Air
• Heating: Heat PumpElectric
• Fireplace: None

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Island Life Real Estate, LLC